Boyd GamingBYD -1.34%87 PB Ratio is 2.54 as of Jul. 10, 2026, which is 27% below its 10-year median of 3.46. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 790 Travel & Leisure companies, Boyd Gaming ranks worse than 71.01% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-10), Boyd Gaming's share price is $86.20. Boyd Gaming's Book Value per Share for the quarter that ended in Mar. 2026 was $33.89. Hence, Boyd Gaming's PB Ratio of today is 2.54.
The historical rank and industry rank for Boyd Gaming's PB Ratio or its related term are showing as below:
BYD'
s PB Ratio Range Over the Past 10 Years
Min: 1.02 Med: 3.46 Max: 6.36
Current: 2.54
During the past 13 years, Boyd Gaming's highest PB Ratio was 6.36. The lowest was 1.02. And the median was 3.46.
BYD's PB Ratio is ranked worse than 71.01% of 790
companies
in the Travel & Leisure industry
Industry Median: 1.5
vs BYD: 2.54
During the past 12 months, Boyd Gaming's average Book Value Per Share Growth Rate was 105.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 30.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Boyd Gaming was 34.40% per year. The lowest was -36.10% per year. And the median was 10.50% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Boyd Gaming PB Ratio Related Terms
Boyd Gaming PB Ratio Historical Data
* Premium members only.
The historical data trend for Boyd Gaming's 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.
For the Resorts & Casinos subindustry, Boyd Gaming's PB Ratio, along with its competitors' market caps and 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.
Boyd Gaming PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's PB Ratio distribution charts can be found below:
* The bar in red indicates where Boyd Gaming's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Boyd Gaming's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Boyd Gaming (BYD) has a PB Ratio of 2.54 as of Jul. 10, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Boyd Gaming and its competitors. This is 27% below median its historical median of 3.46. Over the past decade, Boyd Gaming's PB Ratio has ranged from 1.02 to 6.36. According to the industry distribution chart, Boyd Gaming ranks #561 out of 790 companies in the Travel & Leisure industry, placing it in the top 71%.
Is Boyd Gaming's PB Ratio too high?
Boyd Gaming's current PB Ratio of 2.54 is 27% below median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 6.36. The Travel & Leisure industry median PB Ratio is 1.50. Boyd Gaming's value of 2.54 is 69.3% above this industry median. Based on the distribution chart, Boyd Gaming ranks #561 out of 790 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's PB Ratio compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #561 out of 790 companies for PB Ratio. This places Boyd Gaming in the lower half of its industry. The industry median PB Ratio is 1.50. Boyd Gaming's value of 2.54 is 69.3% above this benchmark. Historically, Boyd Gaming's own PB Ratio has ranged from 1.02 to 6.36 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 1.50, Boyd Gaming 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 PB Ratio for a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.50, based on 790 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boyd Gaming's current PB Ratio of 2.54 is 69.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Boyd Gaming and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current PB Ratio is 2.54, which is 27% below median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.50, compared to a current price of $86.20 — trading 4.8% below its estimated fair value. The current PB Ratio is 2.54, which is 27% below median its 10-year median of 3.46 and 69.3% above the Travel & Leisure industry median of 1.50. Boyd Gaming's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Boyd Gaming (BYD), the current PB Ratio is 2.54 as of Jul. 10, 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $86.20 is trading 4.8% below its estimated GF Value™ of $90.50.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
PB Ratio: 2.54 (27% below median its 10-year median of 3.46)
GF Value™: $90.50 vs. price of $86.20 (4.8% below fair value)
Industry Position: 69.3% above the Travel & Leisure median (#561 of 790)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
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