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Vail ResortsMTN +1.56%83 Cyclically Adjusted PB Ratio is 3.94 as of Aug. 07, 2026, which is 43% below its 10-year median of 6.87. GuruFocus rates MTN with a GF Score™ of 83/100 and a GF Value™ of $181.36 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 643 Travel & Leisure companies, Vail Resorts ranks worse than 83.05% on this metric.
The historical rank and industry rank for Vail Resorts's Cyclically Adjusted PB Ratio or its related term are showing as below:
MTN'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.17 Med: 6.87 Max: 10.96
Current: 3.88
During the past years, Vail Resorts's highest Cyclically Adjusted PB Ratio was 10.96. The lowest was 3.17. And the median was 6.87.
MTN's Cyclically Adjusted PB Ratio is ranked worse than 83.05% of 643
companies
in the Travel & Leisure industry
Industry Median: 1.2
vs MTN: 3.88
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.
Vail Resorts's adjusted book value per share data for the three months ended in Apr. 2026 was $15.484. 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 $37.85 for the trailing ten years ended in Apr. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Vail Resorts (NYSE:MTN) 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.
Vail Resorts Cyclically Adjusted PB Ratio Related Terms
Vail Resorts Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Vail Resorts'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.
MTN vs CZR, BYD, HGV: Cyclically Adjusted PB Ratio Comparison
For the Resorts & Casinos subindustry, Vail Resorts'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.
Vail Resorts Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Vail Resorts's Cyclically Adjusted PB Ratio falls into.
Vail Resorts 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.
Vail Resorts's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 3.94 mean?
Vail Resorts (MTN) has a Cyclically Adjusted PB Ratio of 3.94 as of Aug. 07, 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 Vail Resorts and its competitors. This is 43% below median its historical median of 6.87. Over the past decade, Vail Resorts' Cyclically Adjusted PB Ratio has ranged from 3.17 to 10.96. According to the industry distribution chart, Vail Resorts ranks #534 out of 643 companies in the Travel & Leisure industry, placing it in the top 83%.
Is Vail Resorts' Cyclically Adjusted PB Ratio too high?
Vail Resorts' current Cyclically Adjusted PB Ratio of 3.94 is 43% below median its 10-year median of 6.87. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 10.96. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Vail Resorts' value of 3.94 is 228.3% above this industry median. Based on the distribution chart, Vail Resorts ranks #534 out of 643 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Vail Resorts has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vail Resorts' Cyclically Adjusted PB Ratio compare to CZR and BYD?
According to the Travel & Leisure industry distribution chart, Vail Resorts ranks #534 out of 643 companies for Cyclically Adjusted PB Ratio. This places Vail Resorts in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Vail Resorts' value of 3.94 is 228.3% above this benchmark. Historically, Vail Resorts' own Cyclically Adjusted PB Ratio has ranged from 3.17 to 10.96 over the past decade. While the company's 10-year median is 6.87 vs. the industry median of 1.20, Vail Resorts 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 1.20, based on 643 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. Vail Resorts's current Cyclically Adjusted PB Ratio of 3.94 is 228.3% 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 Vail Resorts and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vail Resorts's current Cyclically Adjusted PB Ratio is 3.94, which is 43% below median its own 10-year median of 6.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vail Resorts stock overvalued right now?
Based on GuruFocus' analysis, Vail Resorts (MTN) is currently considered Modestly Undervalued. The stock's GF Value™ is $181.36, compared to a current price of $149.00 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.94, which is 43% below median its 10-year median of 6.87 and 228.3% above the Travel & Leisure industry median of 1.20. Vail Resorts' overall GF Score™ is 83/100 with 6 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 Vail Resorts (MTN), the current Cyclically Adjusted PB Ratio is 3.94 as of Aug. 07, 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 Vail Resorts (MTN) Overvalued in 2026?
Based on GuruFocus' analysis, Vail Resorts stock appears to be undervalued.
The current stock price of $149.00 is trading 17.8% below its estimated GF Value™ of $181.36.
GuruFocus considers Vail Resorts to be Modestly Undervalued.
Key valuation signals for MTN:
Cyclically Adjusted PB Ratio: 3.94 (43% below median its 10-year median of 6.87)
GF Value™: $181.36 vs. price of $149.00 (17.8% below fair value)
Industry Position: 228.3% above the Travel & Leisure median (#534 of 643)
No single metric tells the full story. See the MTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
83GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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