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Light & Wonder (Light & Wonder) Cyclically Adjusted PB Ratio : (As of Jun. 01, 2024)


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What is Light & Wonder Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Light & Wonder Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Light & Wonder'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.

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Light & Wonder Cyclically Adjusted PB Ratio Chart

Light & Wonder Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Light & Wonder Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Light & Wonder's Cyclically Adjusted PB Ratio

For the Gambling subindustry, Light & Wonder'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.


Light & Wonder's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Light & Wonder's Cyclically Adjusted PB Ratio falls into.



Light & Wonder 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.

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

For example, Light & Wonder'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)
=9.278/131.7762*131.7762
=9.278

Current CPI (Mar. 2024) = 131.7762.

Light & Wonder Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.670 100.560 3.499
201409 1.246 100.428 1.635
201412 0.046 99.070 0.061
201503 -2.207 99.621 -2.919
201506 -3.021 100.684 -3.954
201509 -11.378 100.392 -14.935
201512 -17.289 99.792 -22.830
201603 -18.206 100.470 -23.879
201606 -19.050 101.688 -24.687
201609 -19.977 101.861 -25.844
201612 -21.997 101.863 -28.457
201703 -22.494 102.862 -28.817
201706 -22.350 103.349 -28.498
201709 -22.059 104.136 -27.914
201712 -22.547 104.011 -28.566
201803 -24.213 105.290 -30.304
201806 -24.818 106.317 -30.761
201809 -28.650 106.507 -35.447
201812 -26.801 105.998 -33.319
201903 -26.054 107.251 -32.012
201906 -23.785 108.070 -29.003
201909 -23.903 108.329 -29.077
201912 -23.532 108.420 -28.601
202003 -26.234 108.902 -31.744
202006 -27.295 108.767 -33.069
202009 -28.021 109.815 -33.625
202012 -27.926 109.897 -33.486
202103 -27.667 111.754 -32.624
202106 -26.135 114.631 -30.044
202109 -24.072 115.734 -27.409
202112 -23.258 117.630 -26.055
202203 -23.598 121.301 -25.636
202206 8.628 125.017 9.094
202209 11.394 125.227 11.990
202212 10.879 125.222 11.448
202303 11.077 127.348 11.462
202306 11.516 128.729 11.789
202309 10.656 129.860 10.813
202312 8.500 129.419 8.655
202403 9.278 131.776 9.278

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.


Light & Wonder  (NAS:LNW) 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.


Light & Wonder Cyclically Adjusted PB Ratio Related Terms

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


Light & Wonder (Light & Wonder) Business Description

Traded in Other Exchanges
Address
6601 Bermuda Road, Las Vegas, NV, USA, 89119
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
Executives
Vanja Kalabic officer: Chief Accounting Officer LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89118
Maria T Vullo director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Antonia Korsanos director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Oliver Chow officer: Interim CFO LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Hamish Mclennan director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Jamie Odell director C/O LIGHT & WONDER, INC., 6601 BERMUDA RD, LAS VEGAS NV 89119
Fine Capital Partners, L.p. 10 percent owner 3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Michael J Regan director 14 BRENNER PLACE, DEMAREST NJ 07627
Siobhan Lane officer: EVP & Grp Chief Exec of Gaming C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Stephen W Morro director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Debra Fine 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Fine Capital Advisors, Llc 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
James Constance P. officer: EVP, CFO, Treas & Corp Sec C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Virginia E Shanks director 4170 CAUGHLIN PARKWAY, RENO NV 89519
Ronald O Perelman director, 10 percent owner 35 EAST 62ND STREET, NEW YORK NY 10021