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Vail Resorts (STU:VAI) Cyclically Adjusted PB Ratio : 4.97 (As of Jun. 01, 2024)


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What is Vail Resorts Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Vail Resorts's current share price is €173.00. Vail Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €34.84. Vail Resorts's Cyclically Adjusted PB Ratio for today is 4.97.

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

STU:VAI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.96   Med: 6.59   Max: 10.96
Current: 4.88

During the past years, Vail Resorts's highest Cyclically Adjusted PB Ratio was 10.96. The lowest was 2.96. And the median was 6.59.

STU:VAI's Cyclically Adjusted PB Ratio is ranked worse than
86.16% of 607 companies
in the Travel & Leisure industry
Industry Median: 1.39 vs STU:VAI: 4.88

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.

Vail Resorts's adjusted book value per share data for the three months ended in Jan. 2024 was €20.066. 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 €34.84 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vail Resorts Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vail 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.

Vail Resorts Cyclically Adjusted PB Ratio Chart

Vail Resorts Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.35 6.27 9.16 6.35 6.07

Vail Resorts Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 6.90 6.24 6.07 5.48 5.74

Competitive Comparison of Vail Resorts's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, Vail 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.


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

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

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



Vail 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=173.00/34.84
=4.97

* 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.

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

For example, Vail Resorts's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=20.066/130.1244*130.1244
=20.066

Current CPI (Jan. 2024) = 130.1244.

Vail Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201404 18.153 100.023 23.616
201407 16.755 100.520 21.690
201410 16.180 100.176 21.017
201501 20.124 98.604 26.557
201504 24.484 99.824 31.916
201507 21.573 100.691 27.879
201510 18.260 100.346 23.679
201601 21.357 99.957 27.803
201604 23.527 100.947 30.327
201607 21.876 101.524 28.039
201610 30.667 101.988 39.127
201701 34.746 102.456 44.129
201704 36.771 103.167 46.379
201707 33.986 103.278 42.821
201710 29.471 104.070 36.849
201801 33.328 104.578 41.470
201804 35.738 105.708 43.993
201807 33.572 106.324 41.087
201810 28.845 106.695 35.179
201901 31.844 106.200 39.018
201904 36.841 107.818 44.463
201907 33.181 108.250 39.886
201910 29.208 108.577 35.004
202001 31.855 108.841 38.084
202004 32.579 108.173 39.190
202007 28.479 109.318 33.900
202010 24.604 109.861 29.142
202101 29.765 110.364 35.094
202104 36.969 112.673 42.695
202107 33.371 115.183 37.700
202110 30.501 116.696 34.011
202201 34.100 118.619 37.407
202204 41.888 121.978 44.685
202207 39.349 125.002 40.961
202210 31.839 125.734 32.951
202301 33.655 126.223 34.695
202304 30.135 127.992 30.637
202307 23.790 128.974 24.002
202310 15.790 129.810 15.828
202401 20.066 130.124 20.066

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.


Vail Resorts  (STU:VAI) 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.


Vail Resorts Cyclically Adjusted PB Ratio Related Terms

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


Vail Resorts (STU:VAI) Business Description

Traded in Other Exchanges
Address
390 Interlocken Crescent, Broomfield, CO, USA, 80021
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.

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