MRDN (Meridian Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

MRDN Meridian Holdings Inc MRDN
74 GF Score
Price $14.30
GF Value $25.12
Valuation Possible Value Trap
! 8 Warning Signs
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What is Meridian Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Meridian Holdings  (NAS:MRDN) 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.


Meridian Holdings Cyclically Adjusted PB Ratio Related Terms


Meridian Holdings Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Meridian 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.

Meridian Holdings Cyclically Adjusted PB Ratio Chart

Meridian Holdings Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jan21 Oct22 Oct23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Meridian Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 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 0.00 0.00 0.00 0.00 0.00

MRDN vs INSE, ROLR, GRSD: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Meridian 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.


Meridian Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


MRDN
74GF Score
Meridian Holdings Inc MRDN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Meridian 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.

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

For example, Meridian Holdings'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)
=3.932/333.9520*333.9520
=3.932

Current CPI (Jun. 2026) = 333.9520.

Meridian Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201607 -3,981.000 240.628 -5,524.972
201610 -507.200 241.729 -700.704
201701 -73.926 242.839 -101.663
201704 -33.750 244.524 -46.093
201707 -19.692 244.786 -26.865
201710 -7.884 246.663 -10.674
201801 -3.697 247.867 -4.981
201804 -1.101 250.546 -1.468
201807 -0.920 252.006 -1.219
201810 -0.423 252.885 -0.559
201901 -0.075 251.712 -0.100
201904 0.371 255.548 0.485
201907 0.653 256.571 0.850
201910 1.098 257.346 1.425
202001 1.564 257.971 2.025
202004 1.920 256.389 2.501
202007 2.200 259.101 2.836
202010 3.386 260.388 4.343
202101 6.998 261.582 8.934
202104 7.172 267.054 8.969
202107 7.872 273.003 9.629
202110 8.342 276.589 10.072
202201 10.615 281.148 12.609
202204 11.097 289.109 12.818
202207 11.389 296.276 12.837
202210 11.408 298.012 12.784
202301 10.145 299.170 11.324
202304 10.251 303.363 11.285
202307 10.263 305.691 11.212
202310 10.320 307.671 11.202
202401 10.537 308.417 11.409
202406 8.894 314.175 9.454
202409 9.217 315.301 9.762
202412 9.756 315.605 10.323
202503 9.786 319.799 10.219
202506 10.461 322.561 10.830
202509 10.544 324.800 10.841
202512 3.687 324.054 3.800
202603 3.860 330.213 3.904
202606 3.932 333.952 3.932

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 Meridian Holdings (MRDN) Overvalued in 2026?

Based on GuruFocus' analysis, Meridian Holdings stock appears to be undervalued. The current stock price of $14.30 is trading 43.1% below its estimated GF Value™ of $25.12. GuruFocus considers Meridian Holdings to be Possible Value Trap.

Key valuation signals for MRDN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $25.12 vs. price of $14.30 (43.1% below fair value)
  • GF Score™: 74/100 with 8 warning signs

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


Meridian Holdings Business Description

Other Exchanges SE0:Germany
Address 3651 Lindell Road, Suite D555, Las Vegas, NV, USA, 89103
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region. The RKings & CFAC segment is involved in pay-to-enter prize competitions and trade promotions conducted in the United Kingdom and Australia. It generates the majority of its revenue from the MeridianBet Group segment.
74GF Score

Get the complete analysis for MRDN

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

$14.30
Price
$25.12
GF Value