Melco Resorts and EntertainmentSTU:MAS -2.15%71 Cyclically Adjusted PB Ratio is 3.26 as of Jul. 07, 2026, which is 57% above its 10-year median of 2.08. GuruFocus rates STU:MAS with a GF Score™ of 71/100 and a GF Value™ of €6.36 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 654 Travel & Leisure companies, Melco Resorts and Entertainment ranks worse than 75.99% on this metric.
The historical rank and industry rank for Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio or its related term are showing as below:
STU:MAS'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8 Med: 2.08 Max: 3.5
Current: 2.98
During the past years, Melco Resorts and Entertainment's highest Cyclically Adjusted PB Ratio was 3.50. The lowest was 0.80. And the median was 2.08.
STU:MAS's Cyclically Adjusted PB Ratio is ranked worse than 75.99% of 654
companies
in the Travel & Leisure industry
Industry Median: 1.235
vs STU:MAS: 2.98
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.
Melco Resorts and Entertainment's adjusted book value per share data for the three months ended in Mar. 2026 was €-2.716. 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 €1.40 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Melco Resorts and Entertainment (STU:MAS) 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.
Melco Resorts and Entertainment Cyclically Adjusted PB Ratio Related Terms
Melco Resorts and Entertainment Cyclically Adjusted PB Ratio Historical Data
* 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.
Melco Resorts and Entertainment Cyclically Adjusted PB Ratio Chart
STU:MAS vs LVS, MGM, WYNN: Cyclically Adjusted PB Ratio Comparison
For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.
Melco Resorts and Entertainment Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio falls into.
Melco Resorts and Entertainment 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.
* 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 3.26 mean?
Melco Resorts and Entertainment (STU:MAS) has a Cyclically Adjusted PB Ratio of 3.26 as of Jul. 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 Melco Resorts and Entertainment and its competitors. This is 57% above median its historical median of 2.08. Over the past decade, Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio has ranged from 0.80 to 3.50. According to the industry distribution chart, Melco Resorts and Entertainment ranks #497 out of 654 companies in the Travel & Leisure industry, placing it in the top 76%.
Is Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio too high?
Melco Resorts and Entertainment's current Cyclically Adjusted PB Ratio of 3.26 is 57% above median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 3.50. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.24. Melco Resorts and Entertainment's value of 3.26 is 164% above this industry median. Based on the distribution chart, Melco Resorts and Entertainment ranks #497 out of 654 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Melco Resorts and Entertainment has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Melco Resorts and Entertainment ranks #497 out of 654 companies for Cyclically Adjusted PB Ratio. This places Melco Resorts and Entertainment in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Melco Resorts and Entertainment's value of 3.26 is 164% above this benchmark. Historically, Melco Resorts and Entertainment's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 3.50 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.24, Melco Resorts and Entertainment 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 1.24, based on 654 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. Melco Resorts and Entertainment's current Cyclically Adjusted PB Ratio of 3.26 is 164% 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 Melco Resorts and Entertainment and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melco Resorts and Entertainment's current Cyclically Adjusted PB Ratio is 3.26, which is 57% above median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (STU:MAS) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.36, compared to a current price of €4.56 — trading 28.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.26, which is 57% above median its 10-year median of 2.08 and 164% above the Travel & Leisure industry median of 1.24. Melco Resorts and Entertainment's overall GF Score™ is 71/100 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 Melco Resorts and Entertainment (STU:MAS), the current Cyclically Adjusted PB Ratio is 3.26 as of Jul. 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 Melco Resorts and Entertainment (STU:MAS) Overvalued in 2026?
Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued.
The current stock price of €4.56 is trading 28.3% below its estimated GF Value™ of €6.36.
GuruFocus considers Melco Resorts and Entertainment to be Modestly Undervalued.
Key valuation signals for STU:MAS:
Cyclically Adjusted PB Ratio: 3.26 (57% above median its 10-year median of 2.08)
GF Value™: €6.36 vs. price of €4.56 (28.3% below fair value)
Industry Position: 164% above the Travel & Leisure median (#497 of 654)
No single metric tells the full story. See the STU:MAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melco Resorts and Entertainment Business Description
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
71GF Score
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