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Wynn Resorts (Wynn Resorts) Cyclically Adjusted PB Ratio : 27.24 (As of Apr. 27, 2024)


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What is Wynn Resorts Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Wynn Resorts's current share price is $95.88. Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.52. Wynn Resorts's Cyclically Adjusted PB Ratio for today is 27.24.

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

WYNN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.46   Med: 13.89   Max: 30.56
Current: 27.43

During the past years, Wynn Resorts's highest Cyclically Adjusted PB Ratio was 30.56. The lowest was 4.46. And the median was 13.89.

WYNN's Cyclically Adjusted PB Ratio is ranked worse than
98.79% of 578 companies
in the Travel & Leisure industry
Industry Median: 1.38 vs WYNN: 27.43

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 Dec. 2023 was $-2.250. 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 $3.52 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 21.76 29.86 28.71 26.18 25.88

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
=95.88/3.52
=27.24

* 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 Dec. 2023 is calculated as:

For example, Wynn Resorts's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2.25/129.4194*129.4194
=-2.250

Current CPI (Dec. 2023) = 129.4194.

Wynn Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201403 -0.716 99.695 -0.929
201406 0.211 100.560 0.272
201409 0.935 100.428 1.205
201412 -0.284 99.070 -0.371
201503 -2.207 99.621 -2.867
201506 -2.053 100.684 -2.639
201509 -1.741 100.392 -2.244
201512 -1.102 99.792 -1.429
201603 -0.829 100.470 -1.068
201606 -0.684 101.688 -0.871
201609 -1.317 101.861 -1.673
201612 1.552 101.863 1.972
201703 2.152 102.862 2.708
201706 2.666 103.349 3.339
201709 3.202 104.136 3.979
201712 9.202 104.011 11.450
201803 6.895 105.290 8.475
201806 15.767 106.317 19.193
201809 16.601 106.507 20.172
201812 18.969 105.998 23.160
201903 19.304 107.251 23.294
201906 19.058 108.070 22.823
201909 17.872 108.329 21.351
201912 16.235 108.420 19.379
202003 11.513 108.902 13.682
202006 5.743 108.767 6.833
202009 -1.193 109.815 -1.406
202012 -3.263 109.897 -3.843
202103 2.021 111.754 2.340
202106 0.888 114.631 1.003
202109 -0.460 115.734 -0.514
202112 -1.853 117.630 -2.039
202203 -2.908 121.301 -3.103
202206 -5.359 125.017 -5.548
202209 -6.731 125.227 -6.956
202212 -6.623 125.222 -6.845
202303 -6.304 127.348 -6.407
202306 -5.531 128.729 -5.561
202309 -7.249 129.860 -7.224
202312 -2.250 129.419 -2.250

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  (NAS:WYNN) 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 (Wynn Resorts) 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.
Executives
Julie Cameron-doe officer: CFO C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Ellen F Whittemore officer: EVP and General Counsel C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Craig Scott Billings officer: CFO and Treasurer C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Patricia Mulroy director C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Paul Albert Liu director C/O WYNN RESORTS, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Betsy S Atkins director
Matt Maddox officer: President C/O WYNN RESORTS LTD, 3145 LAS VEGAS BIVD SOUTH, LAS VEGAS NV 89109
Darnell O. Strom director C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Philip G Satre director
Richard J Byrne director 350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert Jos Miller director 6363 SOUTH FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Margaret Jane Myers director C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Winifred Markus Webb director 9330 BALBOA AVE, SAN DIEGO CA 92123
Stephen A Wynn 10 percent owner 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kimmarie Sinatra officer: EVP/General Counsel/Secretary C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109