As of today (2024-04-23), Caesars Entertainment's share price is $39.01. Caesars Entertainment's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-50.79. Hence, Caesars Entertainment's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Caesars Entertainment's Price-to-Tangible-Book or its related term are showing as below:
CZR's Price-to-Tangible-Book is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.83 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Caesars Entertainment's share price is $39.01. Caesars Entertainment's Book Value per Sharefor the quarter that ended in Dec. 2023 was $21.09. Hence, Caesars Entertainment's P/B Ratio of today is 1.85.
Caesars Entertainment Price-to-Tangible-Book Historical Data
The historical data trend for Caesars Entertainment's Price-to-Tangible-Book 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.
For the Resorts & Casinos subindustry, Caesars Entertainment's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Caesars Entertainment Price-to-Tangible-Book Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Caesars Entertainment's Price-to-Tangible-Book falls into.
Caesars Entertainment Price-to-Tangible-Book Calculation
Caesars Entertainment's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Caesars Entertainment Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Caesars Entertainment's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Caesars Entertainment (Caesars Entertainment) Business Description
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
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