Expedia Group (LTS:0R1T) Cyclically Adjusted PB Ratio: 14.99 (As of Aug. 18, 2026) — 168% Above Median

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LTS:0R1T Expedia Group Inc LTS:0R1T
76 GF Score
Price $319.50
GF Value $229.35
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Expedia Group Cyclically Adjusted PB Ratio?

Expedia Group LTS:0R1T -3.59% 76 Cyclically Adjusted PB Ratio is 14.99 as of Aug. 18, 2026, which is 168% above its 10-year median of 5.59. GuruFocus rates LTS:0R1T with a GF Score™ of 76/100 and a GF Value™ of $229.35 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 639 Travel & Leisure companies, Expedia Group ranks worse than 96.87% on this metric.

As of today (2026-08-18), Expedia Group's current share price is $319.50. Expedia Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $21.31. Expedia Group's Cyclically Adjusted PB Ratio for today is 14.99.

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

LTS:0R1T' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.06   Med: 5.59   Max: 15.77
Current: 15.1

During the past years, Expedia Group's highest Cyclically Adjusted PB Ratio was 15.77. The lowest was 2.06. And the median was 5.59.

LTS:0R1T's Cyclically Adjusted PB Ratio is ranked worse than
96.87% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs LTS:0R1T: 15.10

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.

Expedia Group's adjusted book value per share data for the three months ended in Jun. 2026 was $10.075. 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 $21.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Expedia Group  (LTS:0R1T) 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.


Expedia Group Cyclically Adjusted PB Ratio Related Terms


Expedia Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Expedia Group'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.

Expedia Group Cyclically Adjusted PB Ratio Chart

Expedia Group 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 7.81 3.67 6.40 7.99 12.82

Expedia Group 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 7.27 9.29 12.82 10.70 12.13

LTS:0R1T vs TCOM, CCL, VIK: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Expedia Group'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.


Expedia Group Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


LTS:0R1T
76GF Score
Expedia Group Inc LTS:0R1T
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Expedia Group 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.

Expedia Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=319.50/21.31
=14.99

* 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.

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

For example, Expedia Group'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)
=10.075/333.9520*333.9520
=10.075

Current CPI (Jun. 2026) = 333.9520.

Expedia Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.913 241.428 35.844
201612 27.543 241.432 38.098
201703 27.088 243.801 37.104
201706 27.849 244.955 37.967
201709 30.236 246.819 40.910
201712 29.808 246.524 40.379
201803 27.817 249.554 37.225
201806 26.521 251.989 35.147
201809 29.393 252.439 38.884
201812 27.893 251.233 37.077
201903 27.451 254.202 36.063
201906 29.040 256.143 37.862
201909 28.758 256.759 37.404
201912 27.819 256.974 36.152
202003 16.102 258.115 20.833
202006 12.279 257.797 15.906
202009 11.539 260.280 14.805
202012 10.516 260.474 13.482
202103 8.232 264.877 10.379
202106 7.272 271.696 8.938
202109 10.585 274.310 12.886
202112 13.216 278.802 15.830
202203 13.229 287.504 15.366
202206 12.123 296.311 13.663
202209 14.493 296.808 16.307
202212 14.894 296.797 16.759
202303 12.245 301.836 13.548
202306 12.181 305.109 13.333
202309 11.962 307.789 12.979
202312 11.193 306.746 12.186
202403 6.665 312.332 7.126
202406 6.796 314.175 7.224
202409 10.261 315.301 10.868
202412 12.089 315.605 12.792
202503 8.392 319.799 8.763
202506 6.715 322.561 6.952
202509 10.867 324.800 11.173
202512 10.482 324.054 10.802
202603 4.800 330.213 4.854
202606 10.075 333.952 10.075

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 14.99 mean?
Expedia Group (LTS:0R1T) has a Cyclically Adjusted PB Ratio of 14.99 as of Aug. 18, 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 Expedia Group and its competitors. This is 168% above median its historical median of 5.59. Over the past decade, Expedia Group's Cyclically Adjusted PB Ratio has ranged from 2.06 to 15.77. According to the industry distribution chart, Expedia Group ranks #619 out of 639 companies in the Travel & Leisure industry, placing it in the top 96.9%.
Is Expedia Group's Cyclically Adjusted PB Ratio too high?
Expedia Group's current Cyclically Adjusted PB Ratio of 14.99 is 168% above median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 15.77. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. Expedia Group's value of 14.99 is 1138.8% above this industry median. Based on the distribution chart, Expedia Group ranks #619 out of 639 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Expedia Group has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Expedia Group's Cyclically Adjusted PB Ratio compare to TCOM and CCL?
According to the Travel & Leisure industry distribution chart, Expedia Group ranks #619 out of 639 companies for Cyclically Adjusted PB Ratio. This places Expedia Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Expedia Group's value of 14.99 is 1138.8% above this benchmark. Historically, Expedia Group's own Cyclically Adjusted PB Ratio has ranged from 2.06 to 15.77 over the past decade. While the company's 10-year median is 5.59 vs. the industry median of 1.21, Expedia Group 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 1.21, based on 639 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. Expedia Group's current Cyclically Adjusted PB Ratio of 14.99 is 1138.8% 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 Expedia Group and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expedia Group's current Cyclically Adjusted PB Ratio is 14.99, which is 168% above median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expedia Group stock overvalued right now?
Based on GuruFocus' analysis, Expedia Group (LTS:0R1T) is currently considered Significantly Overvalued. The stock's GF Value™ is $229.35, compared to a current price of $319.50 — trading 39.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.99, which is 168% above median its 10-year median of 5.59 and 1138.8% above the Travel & Leisure industry median of 1.21. Expedia Group's overall GF Score™ is 76/100 with 5 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 Expedia Group (LTS:0R1T), the current Cyclically Adjusted PB Ratio is 14.99 as of Aug. 18, 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 Expedia Group (LTS:0R1T) Overvalued in 2026?

Based on GuruFocus' analysis, Expedia Group stock appears to be overvalued. The current stock price of $319.50 is trading 39.3% above its estimated GF Value™ of $229.35. GuruFocus considers Expedia Group to be Significantly Overvalued.

Key valuation signals for LTS:0R1T:

  • Cyclically Adjusted PB Ratio: 14.99 (168% above median its 10-year median of 5.59)
  • GF Value™: $229.35 vs. price of $319.50 (39.3% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 1138.8% above the Travel & Leisure median (#619 of 639)

No single metric tells the full story. See the LTS:0R1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Expedia Group Business Description

Address 1111 Expedia Group Way W, Seattle, WA, USA, 98119
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2025 sales), air tickets (3%), rental cars, cruises, in-destination, and other (9%), and advertising revenue (8%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and alternative accommodations brand Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
76GF Score

Get the complete analysis for LTS:0R1T

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

$319.50
Price
$229.35
GF Value