Expedia Group (BSP:EXGR34) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:EXGR34 Expedia Group Inc BSP:EXGR34
74 GF Score
Price R$739.50
GF Value R$609.58
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Expedia Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Expedia Group  (BSP:EXGR34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Expedia Group Cyclically Adjusted PB Ratio Related Terms


Expedia Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Expedia Group's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Expedia Group Cyclically Adjusted PB Ratio Chart

Expedia Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.94 1.68 2.43 3.48 4.80

Expedia Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.92 3.69 4.99 3.87 4.45

BSP:EXGR34 vs VIK, CCL, TCOM: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Expedia Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Expedia Group Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Expedia Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Expedia Group's Cyclically Adjusted PB Ratio falls into.


BSP:EXGR34
74GF Score
Expedia Group Inc BSP:EXGR34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Expedia Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Expedia Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Expedia Group's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=111.727/333.9520*333.9520
=111.727

Current CPI (Jun. 2026) = 333.9520.

Expedia Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 131.029 241.428 181.244
201612 135.022 241.432 186.764
201703 130.042 243.801 178.128
201706 138.829 244.955 189.268
201709 141.490 246.819 191.439
201712 146.850 246.524 198.929
201803 140.401 249.554 187.884
201806 156.733 251.989 207.713
201809 174.063 252.439 230.268
201812 163.906 251.233 217.872
201903 162.123 254.202 212.985
201906 166.405 256.143 216.954
201909 171.774 256.759 223.417
201912 162.903 256.974 211.702
202003 143.244 258.115 185.331
202006 129.611 257.797 167.899
202009 129.064 260.280 165.595
202012 113.007 260.474 144.886
202103 107.317 264.877 135.303
202106 89.231 271.696 109.677
202109 115.420 274.310 140.515
202112 131.788 278.802 157.857
202203 111.842 287.504 129.911
202206 116.303 296.311 131.077
202209 133.030 296.808 149.678
202212 133.211 296.797 149.887
202303 115.774 301.836 128.093
202306 111.704 305.109 122.264
202309 97.009 307.789 105.255
202312 102.897 306.746 112.023
202403 83.526 312.332 89.308
202406 94.258 314.175 100.191
202409 113.317 315.301 120.020
202412 140.275 315.605 148.430
202503 109.327 319.799 114.165
202506 96.327 322.561 99.729
202509 117.511 324.800 120.822
202512 119.315 324.054 122.959
202603 83.751 330.213 84.699
202606 111.727 333.952 111.727

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Expedia Group (BSP:EXGR34) Overvalued in 2026?

Based on GuruFocus' analysis, Expedia Group stock appears to be overvalued. The current stock price of R$739.50 is trading 21.3% above its estimated GF Value™ of R$609.58. GuruFocus considers Expedia Group to be Modestly Overvalued.

Key valuation signals for BSP:EXGR34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$609.58 vs. price of R$739.50 (21.3% above fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the BSP:EXGR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Expedia Group Business Description

Address 1111 Expedia Group Way W, Seattle, WA, USA, 98119
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2025 sales), air tickets (3%), rental cars, cruises, in-destination, and other (9%), and advertising revenue (8%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and alternative accommodations brand Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
74GF Score

Get the complete analysis for BSP:EXGR34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$739.50
Price
R$609.58
GF Value