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Vail Resorts (Vail Resorts) Cyclically Adjusted PB Ratio : 5.16 (As of Apr. 28, 2024)


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What is Vail Resorts Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Vail Resorts's current share price is $198.33. Vail Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $38.47. Vail Resorts's Cyclically Adjusted PB Ratio for today is 5.16.

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

MTN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.96   Med: 6.59   Max: 10.96
Current: 5.16

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.

MTN's Cyclically Adjusted PB Ratio is ranked worse than
88.45% of 580 companies
in the Travel & Leisure industry
Industry Median: 1.365 vs MTN: 5.16

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 $21.859. 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 $38.47 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 5.77

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
=198.33/38.47
=5.16

* 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)
=21.859/129.4194*129.4194
=21.859

Current CPI (Jan. 2024) = 129.4194.

Vail Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201404 25.073 100.023 32.442
201407 22.673 100.520 29.191
201410 20.507 100.176 26.494
201501 23.373 98.604 30.678
201504 26.498 99.824 34.354
201507 23.733 100.691 30.504
201510 20.494 100.346 26.432
201601 23.188 99.957 30.023
201604 26.705 100.947 34.237
201607 24.172 101.524 30.814
201610 33.774 101.988 42.858
201701 36.963 102.456 46.690
201704 39.412 103.167 49.441
201707 39.200 103.278 49.122
201710 34.631 104.070 43.067
201801 40.644 104.578 50.299
201804 43.850 105.708 53.686
201807 39.219 106.324 47.738
201810 33.155 106.695 40.217
201901 36.352 106.200 44.300
201904 41.394 107.818 49.687
201907 37.199 108.250 44.474
201910 32.310 108.577 38.512
202001 35.355 108.841 42.040
202004 35.412 108.173 42.367
202007 32.734 109.318 38.753
202010 28.946 109.861 34.099
202101 36.255 110.364 42.515
202104 44.221 112.673 50.794
202107 39.446 115.183 44.321
202110 35.385 116.696 39.243
202201 38.574 118.619 42.086
202204 45.235 121.978 47.995
202207 40.030 125.002 41.445
202210 31.369 125.734 32.288
202301 36.266 126.223 37.184
202304 33.042 127.992 33.410
202307 26.316 128.974 26.407
202310 16.674 129.810 16.624
202401 21.859 129.419 21.859

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  (NYSE:MTN) 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 (Vail Resorts) 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.
Executives
Hilary Schneider director C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
William Rock officer: President, Mountain Division C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Angela A Korch officer: EVP & Chief Financial Officer C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Michael Z Barkin officer: EVP & Chief Financial Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
John F Sorte director VAIL RESORTS INC, PO BOX 7, VAIL CO 89658
Robert A Katz director, officer: Chief Exec.Officer & Chairman C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan Bennett officer: SVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Nathan Mark Gronberg officer: VP, Controller & CAO 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Peter A Vaughn director 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
James C. O'donnell officer: EVP, Hospitality, Retail & RE 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
David T Shapiro officer: EVP, General Counsel & Sec. 601 HAWAII ST., EL SEGUNDO CA 90245
Kirsten A. Lynch officer: EVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Gregory Jon Sullivan officer: SVP, Retail & Hospitality 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Patricia A Campbell officer: President-Mountain Division 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan H Siurek officer: VP, Controller & CAO 6200 SPRINT PARKWAY, OVERLAND PARK KS 66251