Melco International Development (Melco International Development) Cyclically Adjusted PB Ratio : 0.76 (As of May. 14, 2024)

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What is Melco International Development Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Melco International Development's current share price is $0.8554. Melco International Development's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $1.13. Melco International Development's Cyclically Adjusted PB Ratio for today is 0.76.

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

MDEVF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41 Med: 1.6 Max: 4.79
Current: 0.75

During the past 13 years, Melco International Development's highest Cyclically Adjusted PB Ratio was 4.79. The lowest was 0.41. And the median was 1.60.

MDEVF's Cyclically Adjusted PB Ratio is ranked better than
67.97% of 590 companies
in the Travel & Leisure industry
Industry Median: 1.375 vs MDEVF: 0.75

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 International Development's adjusted book value per share data of for the fiscal year that ended in Dec23 was $0.056. 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 $1.13 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Melco International Development Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Melco International Development'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.

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Melco International Development Cyclically Adjusted PB Ratio Chart

Melco International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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2.21

1.53

0.97

0.91

0.63

Melco International Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.97	-	0.91	-	0.63

Competitive Comparison of Melco International Development's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, Melco International Development'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 International Development's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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

Melco International Development 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.

Melco International Development's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.8554	/	1.13
	=	0.76

Melco International Development's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Melco International Development's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.056	/	117.2957	*	117.2957
	=	0.056

Current CPI (Dec23) = 117.2957.

Melco International Development Annual Data

	Book Value per Share	CPI	Adj_Book
201412	1.028	99.707	1.209
201512	1.033	102.015	1.188
201612	1.866	103.225	2.120
201712	1.582	104.984	1.768
201812	1.366	107.622	1.489
201912	1.434	110.700	1.519
202012	0.916	109.711	0.979
202112	0.580	112.349	0.606
202212	0.152	114.548	0.156
202312	0.056	117.296	0.056

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.

Melco International Development (OTCPK:MDEVF) 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 International Development Cyclically Adjusted PB Ratio Related Terms

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Melco International Development (Melco International Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco International Development Ltd (OTCPK:MDEVF) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

MDEVY:USA 00200:Hong Kong MX7A:Germany

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-group.com

Melco International Development Ltd together with its subsidiaries is a developer, owner and operator of international network of casino gaming and entertainment casino resorts. Its operating segments include Casino and Hospitality segment, and the Others segment. The Casino and Hospitality segment comprises operation of casino and provision of hospitality through Melco Resorts and ICR Group. The Others segment comprises other gaming, leisure and entertainment, and property investments. The company's operations are mainly located in Macau, Hong Kong, the Philippines, Cyprus, and Japan. Geographically, the company derives maximum revenue from Macau.