Meridian Holdings (FRA:SE0) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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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.

FRA:SE0 Meridian Holdings Inc FRA:SE0
74 GF Score
Price €11.42
GF Value €20.06
! 8 Warning Signs
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What is Meridian Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Meridian Holdings  (FRA:SE0) 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.


Meridian Holdings Cyclically Adjusted PB Ratio Related Terms


Meridian Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Meridian Holdings'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.

Meridian Holdings Cyclically Adjusted PB Ratio Chart

Meridian Holdings Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jan21 Oct22 Oct23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Meridian Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 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 0.00 0.00 0.00 0.00 0.00

FRA:SE0 vs INSE, ROLR, GRSD: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Meridian Holdings'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.


Meridian Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


FRA:SE0
74GF Score
Meridian Holdings Inc FRA:SE0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Meridian Holdings 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.

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

For example, Meridian Holdings'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)
=3.413/333.9520*333.9520
=3.413

Current CPI (Jun. 2026) = 333.9520.

Meridian Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201607 -3,603.000 240.628 -5,000.370
201610 -460.600 241.729 -636.325
201701 -69.481 242.839 -95.550
201704 -31.481 244.524 -42.994
201707 -17.077 244.786 -23.297
201710 -6.708 246.663 -9.082
201801 -3.032 247.867 -4.085
201804 -0.897 250.546 -1.196
201807 -0.788 252.006 -1.044
201810 -0.368 252.885 -0.486
201901 -0.065 251.712 -0.086
201904 0.330 255.548 0.431
201907 0.583 256.571 0.759
201910 0.992 257.346 1.287
202001 1.409 257.971 1.824
202004 1.766 256.389 2.300
202007 1.914 259.101 2.467
202010 2.878 260.388 3.691
202101 5.746 261.582 7.336
202104 5.996 267.054 7.498
202107 6.660 273.003 8.147
202110 7.191 276.589 8.682
202201 9.384 281.148 11.146
202204 10.276 289.109 11.870
202207 11.195 296.276 12.619
202210 11.579 298.012 12.975
202301 9.415 299.170 10.510
202304 9.349 303.363 10.292
202307 9.278 305.691 10.136
202310 9.773 307.671 10.608
202401 9.673 308.417 10.474
202406 8.262 314.175 8.782
202409 8.305 315.301 8.796
202412 9.317 315.605 9.859
202503 9.052 319.799 9.453
202506 9.070 322.561 9.390
202509 8.983 324.800 9.236
202512 3.149 324.054 3.245
202603 3.339 330.213 3.377
202606 3.413 333.952 3.413

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 Meridian Holdings (FRA:SE0) Overvalued in 2026?

Based on GuruFocus' analysis, Meridian Holdings stock appears to be undervalued. The current stock price of €11.42 is trading 43.1% below its estimated GF Value™ of €20.06.

Key valuation signals for FRA:SE0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €20.06 vs. price of €11.42 (43.1% below fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the FRA:SE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meridian Holdings Business Description

Other Exchanges MRDN:USA
Address 3651 Lindell Road, Suite D555, Las Vegas, NV, USA, 89103
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region. The RKings & CFAC segment is involved in pay-to-enter prize competitions and trade promotions conducted in the United Kingdom and Australia. It generates the majority of its revenue from the MeridianBet Group segment.
74GF Score

Get the complete analysis for FRA:SE0

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

€11.42
Price
€20.06
GF Value