Evolution AB (MEX:EVON) Cyclically Adjusted PB Ratio: 5.49 (As of Sep. 02, 2026) — 43% Below Median

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Director of Data and Quant Analytics at GuruFocus
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MEX:EVON Evolution AB MEX:EVON
98 GF Score
Price MXN1,485.00
GF Value MXN1,536.83
! 4 Warning Signs
View Full Analysis

What is Evolution AB Cyclically Adjusted PB Ratio?

Evolution AB MEX:EVON 98 Cyclically Adjusted PB Ratio is 5.49 as of Sep. 02, 2026, which is 43% below its 10-year median of 9.67. GuruFocus rates MEX:EVON with a GF Score™ of 98/100 and a GF Value™ of MXN1,536.83. The stock has 4 warning signs investors should review. Among 600 Travel & Leisure companies, Evolution AB ranks worse than 91.33% on this metric.

As of today (2026-09-02), Evolution AB's current share price is MXN1485.00. Evolution AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN270.37. Evolution AB's Cyclically Adjusted PB Ratio for today is 5.49.

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

MEX:EVON' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.83   Med: 9.67   Max: 23.37
Current: 6.87

During the past years, Evolution AB's highest Cyclically Adjusted PB Ratio was 23.37. The lowest was 4.83. And the median was 9.67.

MEX:EVON's Cyclically Adjusted PB Ratio is ranked worse than
91.33% of 600 companies
in the Travel & Leisure industry
Industry Median: 1.175 vs MEX:EVON: 6.87

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.

Evolution AB's adjusted book value per share data for the three months ended in Jun. 2026 was MXN438.579. 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 MXN270.37 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Evolution AB  (MEX:EVON) 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.


Evolution AB Cyclically Adjusted PB Ratio Related Terms


Evolution AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Evolution AB'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.

Evolution AB Cyclically Adjusted PB Ratio Chart

Evolution AB 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 0.00 0.00 16.97 9.81 5.81

Evolution AB 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 7.67 7.51 5.81 5.12 5.49

MEX:EVON vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Evolution AB'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.


Evolution AB Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


MEX:EVON
98GF Score
Evolution AB MEX:EVON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evolution AB 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.

Evolution AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1485.00/270.37
=5.49

* 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.

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

For example, Evolution AB'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)
=438.579/134.6100*134.6100
=438.579

Current CPI (Jun. 2026) = 134.6100.

Evolution AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.612 101.138 8.800
201612 7.726 102.022 10.194
201703 8.581 102.022 11.322
201706 8.478 102.752 11.107
201709 11.048 103.279 14.400
201712 14.200 103.793 18.416
201803 15.755 103.962 20.400
201806 14.613 104.875 18.756
201809 16.575 105.679 21.113
201812 20.154 105.912 25.615
201903 23.270 105.886 29.582
201906 21.978 106.742 27.716
201909 28.060 107.214 35.230
201912 32.410 107.766 40.483
202003 47.071 106.563 59.460
202006 46.283 107.498 57.956
202009 57.350 107.635 71.723
202012 310.709 108.296 386.207
202103 323.930 108.360 402.403
202106 337.561 108.928 417.149
202109 356.987 110.338 435.516
202112 346.920 112.486 415.153
202203 338.719 114.825 397.082
202206 310.938 118.384 353.557
202209 308.850 122.296 339.948
202212 335.187 126.365 357.057
202303 332.094 127.042 351.878
202306 296.999 129.407 308.941
202309 325.898 130.224 336.876
202312 347.237 131.912 354.340
202403 336.205 132.205 342.320
202406 343.745 132.716 348.651
202409 395.379 132.304 402.269
202412 419.916 132.987 425.040
202503 452.695 132.825 458.780
202506 398.205 133.699 400.919
202509 409.463 133.480 412.929
202512 431.406 133.390 435.352
202603 449.917 133.560 453.454
202606 438.579 134.610 438.579

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 5.49 mean?
Evolution AB (MEX:EVON) has a Cyclically Adjusted PB Ratio of 5.49 as of Sep. 02, 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 Evolution AB and its competitors. This is 43% below median its historical median of 9.67. Over the past decade, Evolution AB's Cyclically Adjusted PB Ratio has ranged from 4.83 to 23.37. According to the industry distribution chart, Evolution AB ranks #548 out of 600 companies in the Travel & Leisure industry, placing it in the top 91.3%.
Is Evolution AB's Cyclically Adjusted PB Ratio too high?
Evolution AB's current Cyclically Adjusted PB Ratio of 5.49 is 43% below median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 4.83 to a high of 23.37. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.18. Evolution AB's value of 5.49 is 367.2% above this industry median. Based on the distribution chart, Evolution AB ranks #548 out of 600 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Evolution AB has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Evolution AB's Cyclically Adjusted PB Ratio compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Evolution AB ranks #548 out of 600 companies for Cyclically Adjusted PB Ratio. This places Evolution AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Evolution AB's value of 5.49 is 367.2% above this benchmark. Historically, Evolution AB's own Cyclically Adjusted PB Ratio has ranged from 4.83 to 23.37 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 1.18, Evolution AB 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 1.18, based on 600 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. Evolution AB's current Cyclically Adjusted PB Ratio of 5.49 is 367.2% 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 Evolution AB and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution AB's current Cyclically Adjusted PB Ratio is 5.49, which is 43% below median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution AB stock overvalued right now?
Evolution AB (MEX:EVON) has a current Cyclically Adjusted PB Ratio of 5.49. The stock's GF Value™ is MXN1,536.83, compared to a current price of MXN1,485.00 — trading 3.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.49, which is 43% below median its 10-year median of 9.67 and 367.2% above the Travel & Leisure industry median of 1.18. Evolution AB's overall GF Score™ is 98/100 with 4 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 Evolution AB (MEX:EVON), the current Cyclically Adjusted PB Ratio is 5.49 as of Sep. 02, 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 Evolution AB (MEX:EVON) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution AB stock appears to be undervalued. The current stock price of MXN1,485.00 is trading 3.4% below its estimated GF Value™ of MXN1,536.83.

Key valuation signals for MEX:EVON:

  • Cyclically Adjusted PB Ratio: 5.49 (43% below median its 10-year median of 9.67)
  • GF Value™: MXN1,536.83 vs. price of MXN1,485.00 (3.4% below fair value)
  • GF Score™: 98/100 with 4 warning signs
  • Industry Position: 367.2% above the Travel & Leisure median (#548 of 600)

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


Evolution AB Business Description

Address Hamngatan 11, Stockholm, SWE, 111 47
Evolution AB develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. In live casino, a game presenter (dealer) runs the game from a casino table, which is followed in real time via a video stream, while players place bets on devices such as computers, smartphones, and tablets. Its games include Live Casino, Slots, Game Shows, First Person, Live Blackjack, Live Roulette, Live Baccarat, Super Sic Bo & Dragon Tiger, Live Poker, and Land-Based games. The Company innovates, develops, and produces online casino content on a B2B basis and generates maximum revenue from Europe, followed by North America and other regions.
98GF Score

Get the complete analysis for MEX:EVON

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

MXN1,485.00
Price
MXN1,536.83
GF Value