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Caesars Entertainment (BSP:C2ZR34) Cyclically Adjusted Book per Share : R$7.77 (As of Mar. 2024)


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What is Caesars Entertainment Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Caesars Entertainment's adjusted book value per share for the three months ended in Mar. 2024 was R$10.163. 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 R$7.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Caesars Entertainment's average Cyclically Adjusted Book Growth Rate was 10.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-06-05), Caesars Entertainment's current stock price is R$21.43. Caesars Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$7.77. Caesars Entertainment's Cyclically Adjusted PB Ratio of today is 2.76.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Caesars Entertainment was 3.97. The lowest was 2.14. And the median was 3.05.


Caesars Entertainment Cyclically Adjusted Book per Share Historical Data

The historical data trend for Caesars Entertainment's Cyclically Adjusted Book per Share 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.

* Premium members only.

Caesars Entertainment Cyclically Adjusted Book per Share Chart

Caesars Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 7.13

Caesars Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.16 6.89 7.74 7.13 7.77

Competitive Comparison of Caesars Entertainment's Cyclically Adjusted Book per Share

For the Resorts & Casinos subindustry, Caesars Entertainment'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.


Caesars Entertainment's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Caesars Entertainment's Cyclically Adjusted PB Ratio falls into.



Caesars Entertainment Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Caesars Entertainment's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=10.163/131.7762*131.7762
=10.163

Current CPI (Mar. 2024) = 131.7762.

Caesars Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.825 100.428 1.083
201412 0.862 99.070 1.147
201503 0.986 99.621 1.304
201506 1.010 100.684 1.322
201509 1.317 100.392 1.729
201512 2.244 99.792 2.963
201603 2.166 100.470 2.841
201606 2.083 101.688 2.699
201609 2.050 101.861 2.652
201612 2.125 101.863 2.749
201703 1.999 102.862 2.561
201706 3.548 103.349 4.524
201709 3.483 104.136 4.407
201712 4.038 104.011 5.116
201803 4.070 105.290 5.094
201806 4.861 106.317 6.025
201809 5.501 106.507 6.806
201812 5.161 105.998 6.416
201903 5.273 107.251 6.479
201906 5.398 108.070 6.582
201909 5.986 108.329 7.282
201912 5.911 108.420 7.184
202003 5.905 108.902 7.145
202006 8.509 108.767 10.309
202009 10.768 109.815 12.921
202012 12.404 109.897 14.874
202103 12.497 111.754 14.736
202106 12.120 114.631 13.933
202109 12.063 115.734 13.735
202112 11.850 117.630 13.275
202203 8.802 121.301 9.562
202206 8.607 125.017 9.072
202209 9.360 125.227 9.850
202212 9.073 125.222 9.548
202303 8.714 127.348 9.017
202306 10.260 128.729 10.503
202309 10.527 129.860 10.682
202312 10.335 129.419 10.523
202403 10.163 131.776 10.163

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Caesars Entertainment  (BSP:C2ZR34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Caesars Entertainment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.43/7.77
=2.76

* 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.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Caesars Entertainment was 3.97. The lowest was 2.14. And the median was 3.05.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Caesars Entertainment Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Caesars Entertainment's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Caesars Entertainment (BSP:C2ZR34) Business Description

Traded in Other Exchanges
Address
100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
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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