EOVBF (AirTrip) Cyclically Adjusted PB Ratio: 1.60 (As of Jul. 22, 2026) — 16% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

EOVBF AirTrip Corp EOVBF
75 GF Score
Price $13.00
GF Value $21.40
! 4 Warning Signs
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What is AirTrip Cyclically Adjusted PB Ratio?

AirTrip EOVBF 75 Cyclically Adjusted PB Ratio is 1.60 as of Jul. 22, 2026, which is 16% below its 10-year median of 1.90. GuruFocus rates EOVBF with a GF Score™ of 75/100 and a GF Value™ of $21.40. The stock has 4 warning signs investors should review. Among 649 Travel & Leisure companies, AirTrip ranks worse than 67.18% on this metric.

As of today (2026-07-22), AirTrip's current share price is $13.00. AirTrip's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $8.12. AirTrip's Cyclically Adjusted PB Ratio for today is 1.60.

The historical rank and industry rank for AirTrip's Cyclically Adjusted PB Ratio or its related term are showing as below:

EOVBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.58   Med: 1.9   Max: 2.66
Current: 2.06

During the past years, AirTrip's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 1.58. And the median was 1.90.

EOVBF's Cyclically Adjusted PB Ratio is ranked worse than
67.18% of 649 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs EOVBF: 2.06

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

AirTrip's adjusted book value per share data for the three months ended in Mar. 2026 was $4.728. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $8.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AirTrip  (OTCPK:EOVBF) 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.


AirTrip Cyclically Adjusted PB Ratio Related Terms


AirTrip Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AirTrip'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.

AirTrip Cyclically Adjusted PB Ratio Chart

AirTrip Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.46

AirTrip Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 2.28 2.46 1.85 1.60

EOVBF vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, AirTrip'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.


AirTrip Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


EOVBF
75GF Score
AirTrip Corp EOVBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AirTrip 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.

AirTrip's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.00/8.12
=1.60

* 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.

AirTrip's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.728/112.7000*112.7000
=4.728

Current CPI (Mar. 2026) = 112.7000.

AirTrip Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.238 98.100 1.422
201609 1.330 98.000 1.530
201612 1.263 98.400 1.447
201703 1.346 98.100 1.546
201706 1.425 98.500 1.630
201709 1.596 98.800 1.821
201712 1.852 99.400 2.100
201803 2.016 99.200 2.290
201806 2.121 99.200 2.410
201809 2.569 99.900 2.898
201812 2.726 99.700 3.081
201903 2.463 99.700 2.784
201906 4.077 99.800 4.604
201909 4.563 100.100 5.137
201912 4.883 100.500 5.476
202003 4.276 100.300 4.805
202006 4.082 99.900 4.605
202009 0.920 99.900 1.038
202012 1.235 99.300 1.402
202103 1.952 99.900 2.202
202106 2.483 99.500 2.812
202109 3.069 100.100 3.455
202112 3.169 100.100 3.568
202203 3.205 101.100 3.573
202206 2.904 101.800 3.215
202209 2.893 103.100 3.162
202212 3.109 104.100 3.366
202303 3.396 104.400 3.666
202306 3.568 105.200 3.822
202309 3.730 106.200 3.958
202312 3.858 106.800 4.071
202403 3.943 107.200 4.145
202406 4.033 108.200 4.201
202409 4.289 108.900 4.439
202412 3.993 110.700 4.065
202503 4.249 111.100 4.310
202506 4.644 111.700 4.686
202509 4.596 112.000 4.625
202512 4.574 113.000 4.562
202603 4.728 112.700 4.728

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.

What does a Cyclically Adjusted PB Ratio of 1.60 mean?
AirTrip (EOVBF) has a Cyclically Adjusted PB Ratio of 1.60 as of Jul. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AirTrip and its competitors. This is 16% below median its historical median of 1.90. Over the past decade, AirTrip's Cyclically Adjusted PB Ratio has ranged from 1.58 to 2.66. According to the industry distribution chart, AirTrip ranks #436 out of 649 companies in the Travel & Leisure industry, placing it in the top 67.2%.
Is AirTrip's Cyclically Adjusted PB Ratio too high?
AirTrip's current Cyclically Adjusted PB Ratio of 1.60 is 16% below median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 2.66. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. AirTrip's value of 1.60 is 33.3% above this industry median. Based on the distribution chart, AirTrip ranks #436 out of 649 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, AirTrip has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does AirTrip's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, AirTrip ranks #436 out of 649 companies for Cyclically Adjusted PB Ratio. This places AirTrip in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. AirTrip's value of 1.60 is 33.3% above this benchmark. Historically, AirTrip's own Cyclically Adjusted PB Ratio has ranged from 1.58 to 2.66 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 1.20, AirTrip has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AirTrip's current Cyclically Adjusted PB Ratio of 1.60 is 33.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AirTrip and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirTrip's current Cyclically Adjusted PB Ratio is 1.60, which is 16% below median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirTrip stock overvalued right now?
AirTrip (EOVBF) has a current Cyclically Adjusted PB Ratio of 1.60. The stock's GF Value™ is $21.40, compared to a current price of $13.00 — trading 39.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 16% below median its 10-year median of 1.90 and 33.3% above the Travel & Leisure industry median of 1.20. AirTrip's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For AirTrip (EOVBF), the current Cyclically Adjusted PB Ratio is 1.60 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AirTrip (EOVBF) Overvalued in 2026?

Based on GuruFocus' analysis, AirTrip stock appears to be undervalued. The current stock price of $13.00 is trading 39.3% below its estimated GF Value™ of $21.40.

Key valuation signals for EOVBF:

  • Cyclically Adjusted PB Ratio: 1.60 (16% below median its 10-year median of 1.90)
  • GF Value™: $21.40 vs. price of $13.00 (39.3% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 33.3% above the Travel & Leisure median (#436 of 649)

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


AirTrip Business Description

Other Exchanges 6191:Japan
Address 2-5-1, Atago, 19th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-6219
AirTrip Corp operates an online travel agency in Japan. The company also provides tourism services. In addition, it offers offshore IT development services, including laboratory offshore development and BPO services. Further, the company engages in the investment business. The group operates in three main business pillars: online travel business, IT offshore development business, and investment business.
75GF Score

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

$13.00
Price
$21.40
GF Value