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Wynn Resorts (HAM:WYR) Cyclically Adjusted PB Ratio : 27.00 (As of May. 20, 2024)


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What is Wynn Resorts Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Wynn Resorts's current share price is €88.57. Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.28. Wynn Resorts's Cyclically Adjusted PB Ratio for today is 27.00.

The historical rank and industry rank for Wynn Resorts's Cyclically Adjusted PB Ratio or its related term are showing as below:

HAM:WYR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.46   Med: 13.9   Max: 30.56
Current: 27.05

During the past years, Wynn Resorts's highest Cyclically Adjusted PB Ratio was 30.56. The lowest was 4.46. And the median was 13.90.

HAM:WYR's Cyclically Adjusted PB Ratio is ranked worse than
98.49% of 595 companies
in the Travel & Leisure industry
Industry Median: 1.41 vs HAM:WYR: 27.05

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.

Wynn Resorts's adjusted book value per share data for the three months ended in Mar. 2024 was €-1.124. 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 €3.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wynn Resorts Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wynn Resorts's Cyclically Adjusted 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.

* Premium members only.

Wynn Resorts Cyclically Adjusted PB Ratio Chart

Wynn Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.26 18.16 19.80 21.76 25.88

Wynn Resorts Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 29.86 28.71 26.18 25.88 28.57

Competitive Comparison of Wynn Resorts's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, Wynn Resorts'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.


Wynn Resorts's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



Wynn Resorts Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Wynn Resorts's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=88.57/3.28
=27.00

* 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.

Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Wynn Resorts'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)
=-1.124/131.7762*131.7762
=-1.124

Current CPI (Mar. 2024) = 131.7762.

Wynn Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.155 100.560 0.203
201409 0.725 100.428 0.951
201412 -0.230 99.070 -0.306
201503 -2.039 99.621 -2.697
201506 -1.829 100.684 -2.394
201509 -1.552 100.392 -2.037
201512 -1.012 99.792 -1.336
201603 -0.744 100.470 -0.976
201606 -0.608 101.688 -0.788
201609 -1.173 101.861 -1.517
201612 1.471 101.863 1.903
201703 2.012 102.862 2.578
201706 2.373 103.349 3.026
201709 2.686 104.136 3.399
201712 7.776 104.011 9.852
201803 5.592 105.290 6.999
201806 13.497 106.317 16.729
201809 14.227 106.507 17.602
201812 16.674 105.998 20.729
201903 17.084 107.251 20.991
201906 16.866 108.070 20.566
201909 16.227 108.329 19.739
201912 14.611 108.420 17.759
202003 10.419 108.902 12.608
202006 5.100 108.767 6.179
202009 -1.013 109.815 -1.216
202012 -2.682 109.897 -3.216
202103 1.697 111.754 2.001
202106 0.737 114.631 0.847
202109 -0.391 115.734 -0.445
202112 -1.640 117.630 -1.837
202203 -2.640 121.301 -2.868
202206 -5.070 125.017 -5.344
202209 -6.799 125.227 -7.155
202212 -6.252 125.222 -6.579
202303 -5.888 127.348 -6.093
202306 -5.105 128.729 -5.226
202309 -6.793 129.860 -6.893
202312 -2.063 129.419 -2.101
202403 -1.124 131.776 -1.124

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


Wynn Resorts  (HAM:WYR) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Wynn Resorts Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Wynn Resorts's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Resorts (HAM:WYR) Business Description

Traded in Other Exchanges
Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Wynn Resorts (HAM:WYR) Headlines

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