Churchill DownsXTER:CHR -0.66%62 PB Ratio is 5.55 as of Jun. 25, 2026, which is 41% below its 10-year median of 9.40. GuruFocus rates XTER:CHR with a GF Score™ of 62/100 and a GF Value™ of €139.08 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 795 Travel & Leisure companies, Churchill Downs ranks worse than 88.18% 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 (2026-06-25), Churchill Downs's share price is €75.50. Churchill Downs's Book Value per Share for the quarter that ended in Mar. 2026 was €13.60. Hence, Churchill Downs's PB Ratio of today is 5.55.
Good Sign:
Churchill Downs Inc stock PB Ratio (=5.38) is close to 5-year low of 5.38.
The historical rank and industry rank for Churchill Downs's PB Ratio or its related term are showing as below:
XTER:CHR'
s PB Ratio Range Over the Past 10 Years
Min: 3.07 Med: 9.4 Max: 44.03
Current: 5.38
During the past 13 years, Churchill Downs's highest PB Ratio was 44.03. The lowest was 3.07. And the median was 9.40.
XTER:CHR's PB Ratio is ranked worse than 88.18% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs XTER:CHR: 5.38
During the past 12 months, Churchill Downs's average Book Value Per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 25.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 33.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Churchill Downs was 54.10% per year. The lowest was -12.50% per year. And the median was 7.25% 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.
Churchill Downs PB Ratio Related Terms
Churchill Downs PB Ratio Historical Data
* Premium members only.
The historical data trend for Churchill Downs'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, Churchill Downs'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.
Churchill Downs PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's PB Ratio distribution charts can be found below:
* The bar in red indicates where Churchill Downs'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.
Churchill Downs'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.
Churchill Downs (XTER:CHR) has a PB Ratio of 5.55 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Churchill Downs and its competitors. This is 41% below median its historical median of 9.40. Over the past decade, Churchill Downs' PB Ratio has ranged from 3.07 to 44.03. According to the industry distribution chart, Churchill Downs ranks #701 out of 795 companies in the Travel & Leisure industry, placing it in the top 88.2%.
Is Churchill Downs' PB Ratio too high?
Churchill Downs' current PB Ratio of 5.55 is 41% below median its 10-year median of 9.40. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 44.03. The Travel & Leisure industry median PB Ratio is 1.49. Churchill Downs' value of 5.55 is 272.5% above this industry median. Based on the distribution chart, Churchill Downs ranks #701 out of 795 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Churchill Downs has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' PB Ratio compare to ?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #701 out of 795 companies for PB Ratio. This places Churchill Downs in the lower half of its industry. The industry median PB Ratio is 1.49. Churchill Downs' value of 5.55 is 272.5% above this benchmark. Historically, Churchill Downs' own PB Ratio has ranged from 3.07 to 44.03 over the past decade. While the company's 10-year median is 9.40 vs. the industry median of 1.49, Churchill Downs 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 1.49, based on 795 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. Churchill Downs's current PB Ratio of 5.55 is 272.5% 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 Churchill Downs and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current PB Ratio is 5.55, which is 41% below median its own 10-year median of 9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Based on GuruFocus' analysis, Churchill Downs (XTER:CHR) is currently considered Possible Value Trap. The stock's GF Value™ is €139.08, compared to a current price of €75.50 — trading 45.7% below its estimated fair value. The current PB Ratio is 5.55, which is 41% below median its 10-year median of 9.40 and 272.5% above the Travel & Leisure industry median of 1.49. Churchill Downs' overall GF Score™ is 62/100 with 4 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 Churchill Downs (XTER:CHR), the current PB Ratio is 5.55 as of Jun. 25, 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 Churchill Downs (XTER:CHR) Overvalued in 2026?
Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued.
The current stock price of €75.50 is trading 45.7% below its estimated GF Value™ of €139.08.
GuruFocus considers Churchill Downs to be Possible Value Trap.
Key valuation signals for XTER:CHR:
PB Ratio: 5.55 (41% below median its 10-year median of 9.40)
GF Value™: €139.08 vs. price of €75.50 (45.7% below fair value)
Industry Position: 272.5% above the Travel & Leisure median (#701 of 795)
No single metric tells the full story. See the XTER:CHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
62GF Score
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