B90 Holdings (LSE:B90) Cyclically Adjusted PB Ratio: 0.58 (As of Aug. 03, 2026) — 47% Below Median

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What is B90 Holdings Cyclically Adjusted PB Ratio?

B90 Holdings LSE:B90 Cyclically Adjusted PB Ratio is 0.58 as of Aug. 03, 2026, which is 47% below its 10-year median of 1.09. The stock has 4 warning signs investors should review. Among 645 Travel & Leisure companies, B90 Holdings ranks better than 70.85% on this metric.

As of today (2026-08-03), B90 Holdings's current share price is £0.029. B90 Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £0.05. B90 Holdings's Cyclically Adjusted PB Ratio for today is 0.58.

The historical rank and industry rank for B90 Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:B90' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 1.09   Max: 5.87
Current: 0.63

During the past 13 years, B90 Holdings's highest Cyclically Adjusted PB Ratio was 5.87. The lowest was 0.25. And the median was 1.09.

LSE:B90's Cyclically Adjusted PB Ratio is ranked better than
70.85% of 645 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs LSE:B90: 0.63

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.

B90 Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was £0.014. 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 £0.05 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


B90 Holdings  (LSE:B90) 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.


B90 Holdings Cyclically Adjusted PB Ratio Related Terms


B90 Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for B90 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.

B90 Holdings Cyclically Adjusted PB Ratio Chart

B90 Holdings 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 3.06 0.56 1.09 0.41 0.94

B90 Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 1.09 0.00 0.41 0.00 0.94

LSE:B90 vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, B90 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.


B90 Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, B90 Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where B90 Holdings's Cyclically Adjusted PB Ratio falls into.



B90 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.

B90 Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.029/0.05
=0.58

* 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.

B90 Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, B90 Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.014/324.0540*324.0540
=0.014

Current CPI (Dec25) = 324.0540.

B90 Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 0.087 241.432 0.117
201712 0.208 246.524 0.273
201812 0.036 251.233 0.046
201912 0.003 256.974 0.004
202012 -0.048 260.474 -0.060
202112 0.017 278.802 0.020
202212 0.009 296.797 0.010
202312 0.016 306.746 0.017
202412 0.012 315.605 0.012
202512 0.014 324.054 0.014

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 0.58 mean?
B90 Holdings (LSE:B90) has a Cyclically Adjusted PB Ratio of 0.58 as of Aug. 03, 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 B90 Holdings and its competitors. This is 47% below median its historical median of 1.09. Over the past decade, B90 Holdings' Cyclically Adjusted PB Ratio has ranged from 0.25 to 5.87. According to the industry distribution chart, B90 Holdings ranks #188 out of 645 companies in the Travel & Leisure industry, placing it in the top 29.1%.
Is B90 Holdings' Cyclically Adjusted PB Ratio too high?
B90 Holdings' current Cyclically Adjusted PB Ratio of 0.58 is 47% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 5.87. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. B90 Holdings' value of 0.58 is 51.7% below this industry median. Based on the distribution chart, B90 Holdings ranks #188 out of 645 companies in the Travel & Leisure industry, which is above the industry midpoint.
How does B90 Holdings' Cyclically Adjusted PB Ratio compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, B90 Holdings ranks #188 out of 645 companies for Cyclically Adjusted PB Ratio. This puts B90 Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. B90 Holdings' value of 0.58 is 51.7% below this benchmark. Historically, B90 Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.25 to 5.87 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.20, B90 Holdings has consistently been below 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 645 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. B90 Holdings's current Cyclically Adjusted PB Ratio of 0.58 is 51.7% below 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 B90 Holdings 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. B90 Holdings's current Cyclically Adjusted PB Ratio is 0.58, which is 47% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B90 Holdings stock overvalued right now?
Based on GuruFocus' analysis, B90 Holdings (LSE:B90) is currently considered Significantly Undervalued. The stock's GF Value™ is £0.07, compared to a current price of £0.03 — trading 58.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.58, which is 47% below median its 10-year median of 1.09 and 51.7% below the Travel & Leisure industry median of 1.20. 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 B90 Holdings (LSE:B90), the current Cyclically Adjusted PB Ratio is 0.58 as of Aug. 03, 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.

B90 Holdings Business Description

Other Exchanges 24GN:Germany
Address 33-37 Athol Street, Douglas, IMN, IM1 1LB
B90 Holdings PLC is a gambling company. The company is engaged in offering online Sportsbook and Casino operations, casino products as well as marketing activities for other online gaming companies. The company earns maximum revenue from Affiliate marketing commissions.