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.
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.
Meridian HoldingsMRDN +1.49%74 PB Ratio is 3.64 as of Aug. 15, 2026, which is 4% below its 10-year median of 3.80. GuruFocus rates MRDN with a GF Score™ of 74/100 and a GF Value™ of $25.12 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 794 Travel & Leisure companies, Meridian Holdings ranks worse than 81.11% on this metric.
Meridian Holdings Inc stock PB Ratio (=3.64) is close to 2-year high of 3.71.
The historical rank and industry rank for Meridian Holdings's PB Ratio or its related term are showing as below:
MRDN'
s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 3.8 Max: 37.2
Current: 3.64
During the past 13 years, Meridian Holdings's highest PB Ratio was 37.20. The lowest was 0.83. And the median was 3.80.
MRDN's PB Ratio is ranked worse than 81.11% of 794
companies
in the Travel & Leisure industry
Industry Median: 1.51
vs MRDN: 3.64
During the past 12 months, Meridian Holdings's average Book Value Per Share Growth Rate was -62.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -31.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 31.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meridian Holdings was 151.00% per year. The lowest was -31.40% per year. And the median was 11.70% 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.
Meridian Holdings PB Ratio Related Terms
Meridian Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Meridian Holdings'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 Gambling subindustry, Meridian Holdings'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.
Meridian Holdings PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Meridian Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meridian Holdings'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.
* 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.
Meridian Holdings (MRDN) has a PB Ratio of 3.64 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Meridian Holdings and its competitors. This is near median its historical median of 3.80. Over the past decade, Meridian Holdings' PB Ratio has ranged from 0.83 to 37.20. According to the industry distribution chart, Meridian Holdings ranks #644 out of 794 companies in the Travel & Leisure industry, placing it in the top 81.1%.
Is Meridian Holdings' PB Ratio too high?
Meridian Holdings' current PB Ratio of 3.64 is near median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 37.20. The Travel & Leisure industry median PB Ratio is 1.51. Meridian Holdings' value of 3.64 is 141.1% above this industry median. Based on the distribution chart, Meridian Holdings ranks #644 out of 794 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Meridian Holdings has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meridian Holdings' PB Ratio compare to INSE and ROLR?
According to the Travel & Leisure industry distribution chart, Meridian Holdings ranks #644 out of 794 companies for PB Ratio. This places Meridian Holdings in the lower half of its industry. The industry median PB Ratio is 1.51. Meridian Holdings' value of 3.64 is 141.1% above this benchmark. Historically, Meridian Holdings' own PB Ratio has ranged from 0.83 to 37.20 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 1.51, Meridian Holdings 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 1.51, based on 794 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. Meridian Holdings's current PB Ratio of 3.64 is 141.1% 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 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 Meridian Holdings and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Holdings's current PB Ratio is 3.64, which is near median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Holdings stock overvalued right now?
Based on GuruFocus' analysis, Meridian Holdings (MRDN) is currently considered Possible Value Trap. The stock's GF Value™ is $25.12, compared to a current price of $14.30 — trading 43.1% below its estimated fair value. The current PB Ratio is 3.64, which is near median its 10-year median of 3.80 and 141.1% above the Travel & Leisure industry median of 1.51. Meridian Holdings' overall GF Score™ is 74/100 with 8 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 Meridian Holdings (MRDN), the current PB Ratio is 3.64 as of Aug. 15, 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 Meridian Holdings (MRDN) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Holdings stock appears to be undervalued.
The current stock price of $14.30 is trading 43.1% below its estimated GF Value™ of $25.12.
GuruFocus considers Meridian Holdings to be Possible Value Trap.
Key valuation signals for MRDN:
PB Ratio: 3.64 (near median its 10-year median of 3.80)
GF Value™: $25.12 vs. price of $14.30 (43.1% below fair value)
Industry Position: 141.1% above the Travel & Leisure median (#644 of 794)
No single metric tells the full story. See the MRDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region. The RKings & CFAC segment is involved in pay-to-enter prize competitions and trade promotions conducted in the United Kingdom and Australia. It generates the majority of its revenue from the MeridianBet Group segment.
74GF Score
Get the complete analysis for MRDN
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MRDN has been successfully added to your 
