Vail Resorts (MEX:MTN) Cyclically Adjusted PS Ratio: 1.96 (As of Jul. 23, 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:MTN Vail Resorts Inc MEX:MTN
72 GF Score
Price MXN2,319.64
GF Value MXN2,897.75
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Vail Resorts Cyclically Adjusted PS Ratio?

Vail Resorts MEX:MTN 72 Cyclically Adjusted PS Ratio is 1.96 as of Jul. 23, 2026, which is 60% below its 10-year median of 4.87. GuruFocus rates MEX:MTN with a GF Score™ of 72/100 and a GF Value™ of MXN2,897.75 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 670 Travel & Leisure companies, Vail Resorts ranks worse than 64.63% on this metric.

As of today (2026-07-23), Vail Resorts's current share price is MXN2319.64. Vail Resorts's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was MXN1,182.38. Vail Resorts's Cyclically Adjusted PS Ratio for today is 1.96.

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

MEX:MTN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.69   Med: 4.87   Max: 7.87
Current: 2.01

During the past years, Vail Resorts's highest Cyclically Adjusted PS Ratio was 7.87. The lowest was 1.69. And the median was 4.87.

MEX:MTN's Cyclically Adjusted PS Ratio is ranked worse than
64.63% of 670 companies
in the Travel & Leisure industry
Industry Median: 1.28 vs MEX:MTN: 2.01

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Vail Resorts's adjusted revenue per share data for the three months ended in Apr. 2026 was MXN591.548. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN1,182.38 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vail Resorts  (MEX:MTN) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Vail Resorts Cyclically Adjusted PS Ratio Related Terms


Vail Resorts Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vail Resorts's Cyclically Adjusted PS 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.

Vail Resorts Cyclically Adjusted PS Ratio Chart

Vail Resorts Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.54 4.43 4.03 2.87 2.21

Vail Resorts Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 2.07 2.21 2.17 1.92 1.77

MEX:MTN vs HGV, RRR, CZR: Cyclically Adjusted PS Ratio Comparison

For the Resorts & Casinos subindustry, Vail Resorts's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Vail Resorts's Cyclically Adjusted PS Ratio falls into.


MEX:MTN
72GF Score
Vail Resorts Inc MEX:MTN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vail Resorts Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Vail Resorts's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2319.64/1182.38
=1.96

* 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.

Vail Resorts's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Vail Resorts's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=591.548/333.0200*333.0200
=591.548

Current CPI (Apr. 2026) = 333.0200.

Vail Resorts Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 90.565 240.628 125.339
201610 90.938 241.729 125.282
201701 367.574 242.839 504.077
201704 365.352 244.524 497.577
201707 94.036 244.786 127.932
201710 105.062 246.663 141.844
201801 328.867 247.867 441.847
201804 381.571 250.546 507.175
201807 97.848 252.006 129.304
201810 110.016 252.885 144.878
201901 393.585 251.712 520.721
201904 443.600 255.548 578.082
201907 112.954 256.571 146.610
201910 127.267 257.346 164.691
202001 426.624 257.971 550.738
202004 408.490 256.389 530.582
202007 42.213 259.101 54.256
202010 69.665 260.388 89.097
202101 339.814 261.582 432.617
202104 438.474 267.054 546.783
202107 99.107 273.003 120.895
202110 89.207 276.589 107.407
202201 458.309 281.148 542.867
202204 603.054 289.109 694.648
202207 133.607 296.276 150.177
202210 137.636 298.012 153.804
202301 512.195 299.170 570.148
202304 560.776 303.363 615.598
202307 117.144 305.691 127.617
202310 122.462 307.671 132.552
202401 486.654 308.417 525.475
202404 577.240 313.548 613.088
202407 131.170 314.540 138.877
202410 139.131 315.664 146.781
202501 626.849 317.671 657.137
202504 680.897 320.795 706.845
202507 139.405 323.048 143.708
202510 139.979 0.000
202601 525.542 325.252 538.094
202604 591.548 333.020 591.548

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.96 mean?
Vail Resorts (MEX:MTN) has a Cyclically Adjusted PS Ratio of 1.96 as of Jul. 23, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Vail Resorts and its competitors. This is 60% below median its historical median of 4.87. Over the past decade, Vail Resorts' Cyclically Adjusted PS Ratio has ranged from 1.69 to 7.87. According to the industry distribution chart, Vail Resorts ranks #433 out of 670 companies in the Travel & Leisure industry, placing it in the top 64.6%.
Is Vail Resorts' Cyclically Adjusted PS Ratio too high?
Vail Resorts' current Cyclically Adjusted PS Ratio of 1.96 is 60% below median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 7.87. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.28. Vail Resorts' value of 1.96 is 53.1% above this industry median. Based on the distribution chart, Vail Resorts ranks #433 out of 670 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Vail Resorts has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vail Resorts' Cyclically Adjusted PS Ratio compare to HGV and RRR?
According to the Travel & Leisure industry distribution chart, Vail Resorts ranks #433 out of 670 companies for Cyclically Adjusted PS Ratio. This places Vail Resorts in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Vail Resorts' value of 1.96 is 53.1% above this benchmark. Historically, Vail Resorts' own Cyclically Adjusted PS Ratio has ranged from 1.69 to 7.87 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 1.28, 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 PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.28, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vail Resorts's current Cyclically Adjusted PS Ratio of 1.96 is 53.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vail Resorts's current Cyclically Adjusted PS Ratio is 1.96, which is 60% below median its own 10-year median of 4.87. 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 (MEX:MTN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN2,897.75, compared to a current price of MXN2,319.64 — trading 20% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.96, which is 60% below median its 10-year median of 4.87 and 53.1% above the Travel & Leisure industry median of 1.28. Vail Resorts' overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Vail Resorts (MEX:MTN), the current Cyclically Adjusted PS Ratio is 1.96 as of Jul. 23, 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 (MEX:MTN) Overvalued in 2026?

Based on GuruFocus' analysis, Vail Resorts stock appears to be undervalued. The current stock price of MXN2,319.64 is trading 20% below its estimated GF Value™ of MXN2,897.75. GuruFocus considers Vail Resorts to be Modestly Undervalued.

Key valuation signals for MEX:MTN:

  • Cyclically Adjusted PS Ratio: 1.96 (60% below median its 10-year median of 4.87)
  • GF Value™: MXN2,897.75 vs. price of MXN2,319.64 (20% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 53.1% above the Travel & Leisure median (#433 of 670)

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


Vail Resorts Business Description

Other Exchanges MTN:USA0LK3:UKVAI:Germany
Address 390 Interlocken Crescent, Broomfield, CO, USA, 80021
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.
72GF Score

Get the complete analysis for MEX:MTN

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

MXN2,319.64
Price
MXN2,897.75
GF Value