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Booking Holdings (MEX:BKNG) Cyclically Adjusted PB Ratio : 34.03 (As of Dec. 13, 2024)


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What is Booking Holdings Cyclically Adjusted PB Ratio?

As of today (2024-12-13), Booking Holdings's current share price is MXN104364.00. Booking Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was MXN3,067.11. Booking Holdings's Cyclically Adjusted PB Ratio for today is 34.03.

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

MEX:BKNG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.11   Med: 16.02   Max: 34.21
Current: 34.01

During the past years, Booking Holdings's highest Cyclically Adjusted PB Ratio was 34.21. The lowest was 8.11. And the median was 16.02.

MEX:BKNG's Cyclically Adjusted PB Ratio is ranked worse than
99% of 601 companies
in the Travel & Leisure industry
Industry Median: 1.45 vs MEX:BKNG: 34.01

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.

Booking Holdings's adjusted book value per share data for the three months ended in Sep. 2024 was MXN-2,168.074. 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 MXN3,067.11 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Booking Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Booking 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.

* Premium members only.

Booking Holdings Cyclically Adjusted PB Ratio Chart

Booking Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.15 14.45 13.88 10.90 20.38

Booking Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 17.03 20.38 21.38 24.36 27.19

Competitive Comparison of Booking Holdings's Cyclically Adjusted PB Ratio

For the Travel Services subindustry, Booking 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.


Booking Holdings's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



Booking 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=104364.00/3067.11
=34.03

* 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.

Booking Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Booking Holdings's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-2168.074/133.0289*133.0289
=-2,168.074

Current CPI (Sep. 2024) = 133.0289.

Booking Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201412 2,433.199 99.070 3,267.253
201503 2,538.194 99.621 3,389.374
201506 2,626.044 100.684 3,469.668
201509 2,871.440 100.392 3,804.949
201512 3,048.442 99.792 4,063.745
201603 3,139.296 100.470 4,156.618
201606 3,466.634 101.688 4,535.069
201609 3,853.950 101.861 5,033.199
201612 4,128.019 101.863 5,391.039
201703 4,147.709 102.862 5,364.120
201706 4,276.019 103.349 5,504.006
201709 4,796.949 104.136 6,127.903
201712 4,563.830 104.011 5,837.082
201803 4,024.403 105.290 5,084.666
201806 4,327.048 106.317 5,414.219
201809 3,992.318 106.507 4,986.481
201812 3,780.132 105.998 4,744.120
201903 3,035.739 107.251 3,765.400
201906 2,383.735 108.070 2,934.275
201909 2,791.604 108.329 3,428.100
201912 2,701.676 108.420 3,314.893
202003 2,196.986 108.902 2,683.734
202006 2,254.175 108.767 2,756.991
202009 2,650.102 109.815 3,210.313
202012 2,376.288 109.897 2,876.471
202103 2,372.199 111.754 2,823.791
202106 2,329.004 114.631 2,702.792
202109 2,776.585 115.734 3,191.500
202112 3,086.134 117.630 3,490.154
202203 2,136.460 121.301 2,343.022
202206 2,005.386 125.017 2,133.908
202209 1,888.549 125.227 2,006.218
202212 1,432.477 125.222 1,521.786
202303 520.229 127.348 543.437
202306 -316.329 128.729 -326.896
202309 -309.387 129.860 -316.938
202312 -1,354.083 129.419 -1,391.848
202403 -1,974.028 131.776 -1,992.794
202406 -2,328.963 132.554 -2,337.310
202409 -2,168.074 133.029 -2,168.074

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.


Booking Holdings  (MEX:BKNG) 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.


Booking Holdings Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Booking Holdings's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Booking Holdings Business Description

Address
800 Connecticut Avenue, Norwalk, CT, USA, 06854
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.