CZR (Caesars Entertainment) 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.
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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.

CZR Caesars Entertainment Inc CZR
80 GF Score
Price $29.67
GF Value $36.14
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Caesars Entertainment Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Caesars Entertainment  (NAS:CZR) 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.


Caesars Entertainment Cyclically Adjusted PB Ratio Related Terms


Caesars Entertainment Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Caesars Entertainment'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.

Caesars Entertainment Cyclically Adjusted PB Ratio Chart

Caesars Entertainment 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 8.03 3.01 2.92 1.84 1.19

Caesars Entertainment 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 1.57 1.45 1.24 1.36 1.52

CZR vs BYD, MTN, VAC: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, Caesars Entertainment'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.


Caesars Entertainment Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


CZR
80GF Score
Caesars Entertainment Inc CZR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Caesars Entertainment 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.

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

For example, Caesars Entertainment'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)
=17.412/333.9520*333.9520
=17.412

Current CPI (Jun. 2026) = 333.9520.

Caesars Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.303 241.428 8.719
201612 6.336 241.432 8.764
201703 6.392 243.801 8.756
201706 10.766 244.955 14.678
201709 11.118 246.819 15.043
201712 12.256 246.524 16.603
201803 12.411 249.554 16.608
201806 12.890 251.989 17.083
201809 13.388 252.439 17.711
201812 13.290 251.233 17.666
201903 13.730 254.202 18.037
201906 13.999 256.143 18.252
201909 14.531 256.759 18.900
201912 14.403 256.974 18.717
202003 12.084 258.115 15.634
202006 16.400 257.797 21.245
202009 20.053 260.280 25.729
202012 24.196 260.474 31.022
202103 22.185 264.877 27.970
202106 24.186 271.696 29.728
202109 23.169 274.310 28.207
202112 21.241 278.802 25.443
202203 17.941 287.504 20.839
202206 17.307 296.311 19.506
202209 18.139 296.808 20.409
202212 17.503 296.797 19.694
202303 16.891 301.836 18.688
202306 21.700 305.109 23.751
202309 21.976 307.789 23.844
202312 21.909 306.746 23.852
202403 21.200 312.332 22.667
202406 20.778 314.175 22.086
202409 20.632 315.301 21.852
202412 20.707 315.605 21.911
202503 20.184 319.799 21.077
202506 19.803 322.561 20.502
202509 19.390 324.800 19.936
202512 18.191 324.054 18.747
202603 17.632 330.213 17.832
202606 17.412 333.952 17.412

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 Caesars Entertainment (CZR) Overvalued in 2026?

Based on GuruFocus' analysis, Caesars Entertainment stock appears to be undervalued. The current stock price of $29.67 is trading 17.9% below its estimated GF Value™ of $36.14. GuruFocus considers Caesars Entertainment to be Modestly Undervalued.

Key valuation signals for CZR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $36.14 vs. price of $29.67 (17.9% below fair value)
  • GF Score™: 80/100 with 8 warning signs

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


Caesars Entertainment Business Description

Address 100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment's stand-alone portfolio includes about 50 domestic gaming properties across the Las Vegas (48% of 2025 EBITDAR) and regional (49%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2025. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform. The portfolio is set to expand to more than 60 casinos with the proposed acquisition of Caesars by Fertitta Entertainment and its Golden Nugget resorts.
80GF Score

Get the complete analysis for CZR

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

$29.67
Price
$36.14
GF Value