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Wynn Resorts (BSP:W1YN34) Cyclically Adjusted PB Ratio : 25.90 (As of Apr. 27, 2024)


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What is Wynn Resorts Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Wynn Resorts's current share price is R$210.54. Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$8.13. Wynn Resorts's Cyclically Adjusted PB Ratio for today is 25.90.

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

BSP:W1YN34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.46   Med: 13.89   Max: 30.56
Current: 27.23

During the past years, Wynn Resorts's highest Cyclically Adjusted PB Ratio was 30.56. The lowest was 4.46. And the median was 13.89.

BSP:W1YN34's Cyclically Adjusted PB Ratio is ranked worse than
98.79% of 580 companies
in the Travel & Leisure industry
Industry Median: 1.365 vs BSP:W1YN34: 27.23

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.

Wynn Resorts's adjusted book value per share data for the three months ended in Dec. 2023 was R$-5.512. 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 R$8.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wynn Resorts Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wynn 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.

* Premium members only.

Wynn Resorts Cyclically Adjusted PB Ratio Chart

Wynn Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.26 18.16 19.80 21.76 25.88

Wynn Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 21.76 29.86 28.71 26.18 25.88

Competitive Comparison of Wynn Resorts's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, Wynn 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.


Wynn Resorts's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



Wynn 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.

Wynn Resorts's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=210.54/8.13
=25.90

* 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.

Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Wynn Resorts's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-5.512/129.4194*129.4194
=-5.512

Current CPI (Dec. 2023) = 129.4194.

Wynn Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201403 -0.832 99.695 -1.080
201406 0.236 100.560 0.304
201409 1.092 100.428 1.407
201412 -0.375 99.070 -0.490
201503 -3.466 99.621 -4.503
201506 -3.194 100.684 -4.106
201509 -3.399 100.392 -4.382
201512 -2.139 99.792 -2.774
201603 -1.532 100.470 -1.973
201606 -1.170 101.688 -1.489
201609 -2.142 101.861 -2.722
201612 2.602 101.863 3.306
201703 3.365 102.862 4.234
201706 4.393 103.349 5.501
201709 5.015 104.136 6.233
201712 15.160 104.011 18.863
201803 11.304 105.290 13.895
201806 29.729 106.317 36.189
201809 34.103 106.507 41.440
201812 36.833 105.998 44.972
201903 37.069 107.251 44.731
201906 36.741 108.070 43.999
201909 36.811 108.329 43.978
201912 33.318 108.420 39.771
202003 28.128 108.902 33.428
202006 14.899 108.767 17.728
202009 -3.221 109.815 -3.796
202012 -8.393 109.897 -9.884
202103 5.693 111.754 6.593
202106 2.233 114.631 2.521
202109 -1.215 115.734 -1.359
202112 -5.239 117.630 -5.764
202203 -7.235 121.301 -7.719
202206 -13.525 125.017 -14.001
202209 -17.648 125.227 -18.239
202212 -17.370 125.222 -17.952
202303 -16.417 127.348 -16.684
202306 -13.424 128.729 -13.496
202309 -17.901 129.860 -17.840
202312 -5.512 129.419 -5.512

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.


Wynn Resorts  (BSP:W1YN34) 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.


Wynn Resorts Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Wynn Resorts's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Resorts (BSP:W1YN34) Business Description

Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Wynn Resorts (BSP:W1YN34) Headlines

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