TZOO (Travelzoo) Cyclically Adjusted PB Ratio: 13.35 (As of Aug. 20, 2026) — 147% Above Median

Author: 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.

TZOO Travelzoo TZOO
73 GF Score
Price $6.81
GF Value $12.76
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Travelzoo Cyclically Adjusted PB Ratio?

Travelzoo TZOO -1.49% 73 Cyclically Adjusted PB Ratio is 13.35 as of Aug. 20, 2026, which is 147% above its 10-year median of 5.41. GuruFocus rates TZOO with a GF Score™ of 73/100 and a GF Value™ of $12.76 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 341 Interactive Media companies, Travelzoo ranks worse than 96.19% on this metric.

As of today (2026-08-20), Travelzoo's current share price is $6.8071. Travelzoo's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.51. Travelzoo's Cyclically Adjusted PB Ratio for today is 13.35.

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

TZOO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.5   Med: 5.41   Max: 24.58
Current: 13.54

During the past years, Travelzoo's highest Cyclically Adjusted PB Ratio was 24.58. The lowest was 1.50. And the median was 5.41.

TZOO's Cyclically Adjusted PB Ratio is ranked worse than
96.19% of 341 companies
in the Interactive Media industry
Industry Median: 1.43 vs TZOO: 13.54

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.

Travelzoo's adjusted book value per share data for the three months ended in Jun. 2026 was $-1.147. 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 $0.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Travelzoo  (NAS:TZOO) 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.


Travelzoo Cyclically Adjusted PB Ratio Related Terms


Travelzoo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Travelzoo'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.

Travelzoo Cyclically Adjusted PB Ratio Chart

Travelzoo 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 5.31 2.90 7.56 20.50 11.09

Travelzoo 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 16.39 13.81 11.09 10.18 22.89

TZOO vs BZFD, ELRE, PODC: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Travelzoo'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.


Travelzoo Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Travelzoo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TZOO
73GF Score
Travelzoo TZOO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Travelzoo 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.

Travelzoo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.8071/0.51
=13.35

* 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.

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

For example, Travelzoo'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)
=-1.147/333.9520*333.9520
=-1.147

Current CPI (Jun. 2026) = 333.9520.

Travelzoo Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.504 241.428 2.080
201612 1.342 241.432 1.856
201703 1.434 243.801 1.964
201706 1.178 244.955 1.606
201709 0.975 246.819 1.319
201712 1.049 246.524 1.421
201803 1.355 249.554 1.813
201806 1.394 251.989 1.847
201809 1.225 252.439 1.621
201812 1.175 251.233 1.562
201903 1.318 254.202 1.731
201906 1.199 256.143 1.563
201909 1.062 256.759 1.381
201912 0.946 256.974 1.229
202003 0.195 258.115 0.252
202006 -0.027 257.797 -0.035
202009 0.006 260.280 0.008
202012 0.166 260.474 0.213
202103 -0.251 264.877 -0.316
202106 0.087 271.696 0.107
202109 0.158 274.310 0.192
202112 -0.351 278.802 -0.420
202203 -0.122 287.504 -0.142
202206 0.114 296.311 0.128
202209 0.050 296.808 0.056
202212 0.271 296.797 0.305
202303 0.525 301.836 0.581
202306 0.424 305.109 0.464
202309 0.143 307.789 0.155
202312 0.308 306.746 0.335
202403 0.311 312.332 0.333
202406 0.078 314.175 0.083
202409 -0.188 315.301 -0.199
202412 -0.039 315.605 -0.041
202503 -0.538 319.799 -0.562
202506 -0.638 322.561 -0.661
202509 -0.741 324.800 -0.762
202512 -0.688 324.054 -0.709
202603 -0.793 330.213 -0.802
202606 -1.147 333.952 -1.147

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 13.35 mean?
Travelzoo (TZOO) has a Cyclically Adjusted PB Ratio of 13.35 as of Aug. 20, 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 Travelzoo and its competitors. This is 147% above median its historical median of 5.41. Over the past decade, Travelzoo's Cyclically Adjusted PB Ratio has ranged from 1.50 to 24.58. According to the industry distribution chart, Travelzoo ranks #328 out of 341 companies in the Interactive Media industry, placing it in the top 96.2%.
Is Travelzoo's Cyclically Adjusted PB Ratio too high?
Travelzoo's current Cyclically Adjusted PB Ratio of 13.35 is 147% above median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 24.58. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.43. Travelzoo's value of 13.35 is 833.6% above this industry median. Based on the distribution chart, Travelzoo ranks #328 out of 341 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Travelzoo has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Travelzoo's Cyclically Adjusted PB Ratio compare to BZFD and ELRE?
According to the Interactive Media industry distribution chart, Travelzoo ranks #328 out of 341 companies for Cyclically Adjusted PB Ratio. This places Travelzoo in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Travelzoo's value of 13.35 is 833.6% above this benchmark. Historically, Travelzoo's own Cyclically Adjusted PB Ratio has ranged from 1.50 to 24.58 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 1.43, Travelzoo 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.43, based on 341 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. Travelzoo's current Cyclically Adjusted PB Ratio of 13.35 is 833.6% 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 Travelzoo and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Travelzoo's current Cyclically Adjusted PB Ratio is 13.35, which is 147% above median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Travelzoo stock overvalued right now?
Based on GuruFocus' analysis, Travelzoo (TZOO) is currently considered Significantly Undervalued. The stock's GF Value™ is $12.76, compared to a current price of $6.81 — trading 46.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.35, which is 147% above median its 10-year median of 5.41 and 833.6% above the Interactive Media industry median of 1.43. Travelzoo's overall GF Score™ is 73/100 with 2 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 Travelzoo (TZOO), the current Cyclically Adjusted PB Ratio is 13.35 as of Aug. 20, 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 Travelzoo (TZOO) Overvalued in 2026?

Based on GuruFocus' analysis, Travelzoo stock appears to be undervalued. The current stock price of $6.81 is trading 46.7% below its estimated GF Value™ of $12.76. GuruFocus considers Travelzoo to be Significantly Undervalued.

Key valuation signals for TZOO:

  • Cyclically Adjusted PB Ratio: 13.35 (147% above median its 10-year median of 5.41)
  • GF Value™: $12.76 vs. price of $6.81 (46.7% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 833.6% above the Interactive Media median (#328 of 341)

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


Travelzoo Business Description

Other Exchanges TXM1:Germany
Address 590 Madison Avenue, 35th Floor, New York, NY, USA, 10022
Travelzoo acts as a publisher of travel and entertainment offers. It operates in four segments. Travelzoo North America segment, which is the key revenue driver, consists of operations in Canada and the U.S.; Travelzoo Europe segment consists of operations in France, Germany, Spain, and the U.K.; Jack's Flight Club segment consists of subscription revenue from premium members to access and receive flight deals from Jack's Flight Club via email or via Android or Apple mobile applications; and New Initiatives consists of Travelzoo's licensing activities in Asia Pacific territories. It derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise their offers on the company's media properties.
73GF Score

Get the complete analysis for TZOO

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

$6.81
Price
$12.76
GF Value