GDEN (Golden Entertainment) Cyclically Adjusted PB Ratio: 2.01 (As of Aug. 23, 2026) — 13% Below Median

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GDEN Golden Entertainment Inc GDEN
42 GF Score
Price $28.55
GF Value $27.99
! 8 Warning Signs
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What is Golden Entertainment Cyclically Adjusted PB Ratio?

Golden Entertainment GDEN 42 Cyclically Adjusted PB Ratio is 2.01 as of Aug. 23, 2026, which is 13% below its 10-year median of 2.30. GuruFocus rates GDEN with a GF Score™ of 42/100 and a GF Value™ of $27.99. The stock has 8 warning signs investors should review.

As of today (2026-08-23), Golden Entertainment's current share price is $28.55. Golden Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $14.20. Golden Entertainment's Cyclically Adjusted PB Ratio for today is 2.01.

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

GDEN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 2.3   Max: 5.53
Current: 2.01

During the past years, Golden Entertainment's highest Cyclically Adjusted PB Ratio was 5.53. The lowest was 0.36. And the median was 2.30.

GDEN's Cyclically Adjusted PB Ratio is not ranked
in the Travel & Leisure industry.
Industry Median: 1.19 vs GDEN: 2.01

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.

Golden Entertainment's adjusted book value per share data for the three months ended in Dec. 2025 was $16.074. 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 $14.20 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Golden Entertainment  (NAS:GDEN) 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.


Golden Entertainment Cyclically Adjusted PB Ratio Related Terms


Golden Entertainment Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Golden 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.

Golden Entertainment Cyclically Adjusted PB Ratio Chart

Golden 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 4.72 3.25 3.26 2.37 1.91

Golden Entertainment Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.37 1.93 2.11 1.66 1.91

GDEN vs BALY, MSC, FLL: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, Golden 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.


Golden Entertainment Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


GDEN
42GF Score
Golden Entertainment Inc GDEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Golden 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.

Golden Entertainment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.55/14.20
=2.01

* 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.

Golden Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Golden Entertainment's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=16.074/324.0540*324.0540
=16.074

Current CPI (Dec. 2025) = 324.0540.

Golden Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201603 9.719 238.132 13.226
201606 8.781 241.018 11.806
201609 8.911 241.428 11.961
201612 9.421 241.432 12.645
201703 9.723 243.801 12.924
201706 9.873 244.955 13.061
201709 10.327 246.819 13.559
201712 12.112 246.524 15.921
201803 12.827 249.554 16.656
201806 13.007 251.989 16.727
201809 12.788 252.439 16.416
201812 11.769 251.233 15.180
201903 11.366 254.202 14.489
201906 10.902 256.143 13.792
201909 10.650 256.759 13.441
201912 10.393 256.974 13.106
202003 9.228 258.115 11.585
202006 6.473 257.797 8.137
202009 6.337 260.280 7.890
202012 5.727 260.474 7.125
202103 6.015 264.877 7.359
202106 9.584 271.696 11.431
202109 10.511 274.310 12.417
202112 11.084 278.802 12.883
202203 11.500 287.504 12.962
202206 11.755 296.311 12.856
202209 12.356 296.808 13.490
202212 12.524 296.797 13.674
202303 12.223 301.836 13.123
202306 12.754 305.109 13.546
202309 19.065 307.789 20.072
202312 18.757 306.746 19.815
202403 19.677 312.332 20.415
202406 19.037 314.175 19.636
202409 18.617 315.301 19.134
202412 17.888 315.605 18.367
202503 17.478 319.799 17.711
202506 16.947 322.561 17.025
202509 16.587 324.800 16.549
202512 16.074 324.054 16.074

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 2.01 mean?
Golden Entertainment (GDEN) has a Cyclically Adjusted PB Ratio of 2.01 as of Aug. 23, 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 Golden Entertainment and its competitors. This is 13% below median its historical median of 2.30. Over the past decade, Golden Entertainment's Cyclically Adjusted PB Ratio has ranged from 0.36 to 5.53.
Is Golden Entertainment's Cyclically Adjusted PB Ratio too high?
Golden Entertainment's current Cyclically Adjusted PB Ratio of 2.01 is 13% below median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 5.53. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.19. Golden Entertainment's value of 2.01 is 68.9% above this industry median. Overall, Golden Entertainment has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Golden Entertainment's Cyclically Adjusted PB Ratio compare to BALY and MSC?
Golden Entertainment's Cyclically Adjusted PB Ratio of 2.01 can be compared against companies in the Travel & Leisure industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Golden Entertainment's value of 2.01 is 68.9% above this benchmark. Historically, Golden Entertainment's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 5.53 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 1.19, Golden Entertainment 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 1.19, based on 623 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. Golden Entertainment's current Cyclically Adjusted PB Ratio of 2.01 is 68.9% 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 Golden Entertainment and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Entertainment's current Cyclically Adjusted PB Ratio is 2.01, which is 13% below median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Entertainment stock overvalued right now?
Golden Entertainment (GDEN) has a current Cyclically Adjusted PB Ratio of 2.01. The stock's GF Value™ is $27.99, compared to a current price of $28.55 — trading 2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.01, which is 13% below median its 10-year median of 2.30 and 68.9% above the Travel & Leisure industry median of 1.19. Golden Entertainment's overall GF Score™ is 42/100 with 8 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 Golden Entertainment (GDEN), the current Cyclically Adjusted PB Ratio is 2.01 as of Aug. 23, 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 Golden Entertainment (GDEN) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Entertainment stock appears to be overvalued. The current stock price of $28.55 is trading 2% above its estimated GF Value™ of $27.99.

Key valuation signals for GDEN:

  • Cyclically Adjusted PB Ratio: 2.01 (13% below median its 10-year median of 2.30)
  • GF Value™: $27.99 vs. price of $28.55 (2% above fair value)
  • GF Score™: 42/100 with 8 warning signs
  • Industry Position: 68.9% above the Travel & Leisure median

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


Golden Entertainment Business Description

Address 6595 S Jones Boulevard, Las Vegas, NV, USA, 89118
Golden Entertainment Inc is a U.S. based company that focuses on distributed gaming, casino, and resort operations. Its reportable segments are Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns. The majority of the revenue for the company is generated from its Nevada Casino Resorts segment, which is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues, and other amenities.
42GF 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.

$28.55
Price
$27.99
GF Value