GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Vail Resorts Inc (FRA:VAI) » Definitions » Cyclically Adjusted Book per Share

Vail Resorts (FRA:VAI) Cyclically Adjusted Book per Share : €0.00 (As of Apr. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Vail Resorts 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.

Vail Resorts's adjusted book value per share for the three months ended in Apr. 2024 was €24.654. 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 €0.00 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Vail Resorts's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Vail Resorts was 8.40% per year. The lowest was 3.10% per year. And the median was 4.75% per year.

As of today (2024-06-07), Vail Resorts's current stock price is €179.00. Vail Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was €0.00. Vail Resorts's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vail Resorts was 10.96. The lowest was 2.96. And the median was 6.59.


Vail Resorts Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vail Resorts'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.

Vail Resorts Cyclically Adjusted Book per Share Chart

Vail Resorts Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.58 25.85 28.17 36.22 34.90

Vail Resorts Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 34.32 34.90 35.24 34.84 -

Competitive Comparison of Vail Resorts's Cyclically Adjusted Book per Share

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

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=24.654/131.7762*131.7762
=24.654

Current CPI (Apr. 2024) = 131.7762.

Vail Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201407 16.755 100.520 21.965
201410 16.180 100.176 21.284
201501 20.124 98.604 26.894
201504 24.484 99.824 32.321
201507 21.573 100.691 28.233
201510 18.260 100.346 23.979
201601 21.357 99.957 28.155
201604 23.527 100.947 30.712
201607 21.876 101.524 28.395
201610 30.667 101.988 39.624
201701 34.746 102.456 44.689
201704 36.771 103.167 46.968
201707 33.986 103.278 43.364
201710 29.471 104.070 37.317
201801 33.328 104.578 41.996
201804 35.738 105.708 44.551
201807 33.572 106.324 41.609
201810 28.845 106.695 35.626
201901 31.844 106.200 39.513
201904 36.841 107.818 45.027
201907 33.181 108.250 40.392
201910 29.208 108.577 35.449
202001 31.855 108.841 38.568
202004 32.579 108.173 39.688
202007 28.479 109.318 34.330
202010 24.604 109.861 29.512
202101 29.765 110.364 35.540
202104 36.969 112.673 43.237
202107 33.371 115.183 38.178
202110 30.501 116.696 34.443
202201 34.100 118.619 37.882
202204 41.888 121.978 45.253
202207 39.349 125.002 41.481
202210 31.839 125.734 33.369
202301 33.655 126.223 35.136
202304 30.135 127.992 31.026
202307 23.790 128.974 24.307
202310 15.790 129.810 16.029
202401 20.066 130.124 20.321
202404 24.654 131.776 24.654

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


Vail Resorts  (FRA:VAI) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vail Resorts was 10.96. The lowest was 2.96. And the median was 6.59.


Be Aware

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


Vail Resorts Cyclically Adjusted Book per Share Related Terms

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


Vail Resorts (FRA:VAI) Business Description

Industry
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.

Vail Resorts (FRA:VAI) Headlines

No Headlines