Gaming and Leisure Properties (MEX:GLPI) Cyclically Adjusted PB Ratio: (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:GLPI Gaming and Leisure Properties Inc MEX:GLPI
54 GF Score
Price MXN787.00
GF Value MXN880.93
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Gaming and Leisure Properties Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gaming and Leisure Properties  (MEX:GLPI) 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.


Gaming and Leisure Properties Cyclically Adjusted PB Ratio Related Terms


Gaming and Leisure Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gaming and Leisure Properties'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.

Gaming and Leisure Properties Cyclically Adjusted PB Ratio Chart

Gaming and Leisure Properties 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 5.81 4.87 3.98 3.14

Gaming and Leisure Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.02 3.53 3.38 3.14 2.96

MEX:GLPI vs LAMR, WY, RYN: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.


Gaming and Leisure Properties Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gaming and Leisure Properties's Cyclically Adjusted PB Ratio falls into.


MEX:GLPI
54GF Score
Gaming and Leisure Properties Inc MEX:GLPI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gaming and Leisure Properties 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.

Gaming and Leisure Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Gaming and Leisure Properties's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=295.101/330.2130*330.2130
=295.101

Current CPI (Mar. 2026) = 330.2130.

Gaming and Leisure Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 216.941 241.018 297.226
201609 228.691 241.428 312.792
201612 241.621 241.432 330.472
201703 217.778 243.801 294.966
201706 214.540 244.955 289.212
201709 212.814 246.819 284.719
201712 226.961 246.524 304.009
201803 205.662 249.554 272.135
201806 218.686 251.989 286.572
201809 206.103 252.439 269.601
201812 207.669 251.233 272.954
201903 199.513 254.202 259.171
201906 193.159 256.143 249.016
201909 193.723 256.759 249.144
201912 182.214 256.974 234.146
202003 219.354 258.115 280.625
202006 222.826 257.797 285.419
202009 221.141 260.280 280.558
202012 228.914 260.474 290.203
202103 232.406 264.877 289.733
202106 229.548 271.696 278.987
202109 248.647 274.310 299.320
202112 264.302 278.802 313.039
202203 251.676 287.504 289.063
202206 252.741 296.311 281.658
202209 281.786 296.808 313.500
202212 282.499 296.797 314.305
202303 258.687 301.836 283.007
202306 244.842 305.109 264.987
202309 258.237 307.789 277.051
202312 260.444 306.746 280.369
202403 252.288 312.332 266.731
202406 278.971 314.175 293.212
202409 305.329 315.301 319.769
202412 324.404 315.605 339.419
202503 313.775 319.799 323.993
202506 303.047 322.561 310.236
202509 296.630 324.800 301.574
202512 294.317 324.054 299.911
202603 295.101 330.213 295.101

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.

Is Gaming and Leisure Properties (MEX:GLPI) Overvalued in 2026?

Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued. The current stock price of MXN787.00 is trading 10.7% below its estimated GF Value™ of MXN880.93. GuruFocus considers Gaming and Leisure Properties to be Modestly Undervalued.

Key valuation signals for MEX:GLPI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN880.93 vs. price of MXN787.00 (10.7% below fair value)
  • GF Score™: 54/100 with 5 warning signs

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


Gaming and Leisure Properties Business Description

Industry Real EstateREITs
Other Exchanges GLPI:USA2GL:Germany
Address 845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
54GF Score

Get the complete analysis for MEX:GLPI

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

MXN787.00
Price
MXN880.93
GF Value