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Alibaba Group Holding (BSP:BABA34) Cyclically Adjusted PB Ratio : 2.36 (As of Jun. 10, 2024)


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What is Alibaba Group Holding Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Alibaba Group Holding's current share price is R$14.79. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$6.28. Alibaba Group Holding's Cyclically Adjusted PB Ratio for today is 2.36.

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

BSP:BABA34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.96   Med: 3.79   Max: 19.8
Current: 2.23

During the past years, Alibaba Group Holding's highest Cyclically Adjusted PB Ratio was 19.80. The lowest was 1.96. And the median was 3.79.

BSP:BABA34's Cyclically Adjusted PB Ratio is ranked worse than
70.53% of 767 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs BSP:BABA34: 2.23

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.

Alibaba Group Holding's adjusted book value per share data for the three months ended in Mar. 2024 was R$1.251. 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 R$6.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alibaba Group Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding Cyclically Adjusted PB Ratio Chart

Alibaba Group Holding Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 11.81 4.33 3.26 2.06

Alibaba Group Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.26 2.60 2.65 2.30 2.06

Competitive Comparison of Alibaba Group Holding's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Alibaba Group Holding'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.


Alibaba Group Holding's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alibaba Group Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alibaba Group Holding's Cyclically Adjusted PB Ratio falls into.



Alibaba Group Holding 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.

Alibaba Group Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.79/6.28
=2.36

* 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.

Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Alibaba Group Holding'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)
=1.251/117.7354*117.7354
=1.251

Current CPI (Mar. 2024) = 117.7354.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.037 96.409 0.045
201409 0.085 97.948 0.102
201412 0.105 99.707 0.124
201503 0.131 99.927 0.154
201506 0.164 99.267 0.195
201509 0.204 99.927 0.240
201512 0.233 102.015 0.269
201603 0.223 102.785 0.255
201606 0.209 101.686 0.242
201609 0.215 102.565 0.247
201612 0.226 103.225 0.258
201703 0.223 103.335 0.254
201706 0.255 103.664 0.290
201709 0.267 103.994 0.302
201712 0.304 104.984 0.341
201803 0.330 105.973 0.367
201806 0.398 106.193 0.441
201809 0.436 106.852 0.480
201812 0.449 107.622 0.491
201903 0.486 108.172 0.529
201906 0.499 109.601 0.536
201909 0.597 110.260 0.637
201912 0.725 110.700 0.771
202003 0.874 110.920 0.928
202006 0.978 110.590 1.041
202009 1.121 107.512 1.228
202012 1.213 109.711 1.302
202103 1.335 111.579 1.409
202106 1.254 111.360 1.326
202109 1.296 109.051 1.399
202112 1.437 112.349 1.506
202203 1.244 113.558 1.290
202206 1.224 113.448 1.270
202209 1.194 113.778 1.236
202212 1.267 114.548 1.302
202303 1.302 115.427 1.328
202306 1.203 115.647 1.225
202309 1.228 116.087 1.245
202312 1.238 117.296 1.243
202403 1.251 117.735 1.251

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.


Alibaba Group Holding  (BSP:BABA34) 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.


Alibaba Group Holding Cyclically Adjusted PB Ratio Related Terms

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


Alibaba Group Holding (BSP:BABA34) Business Description

Address
1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, HKG
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume (CNY 8.3 trillion for the fiscal year ended March 2022). It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China commerce retail division accounted for 67% of revenue in the year ended March 2022. Additional revenue sources include China commerce wholesale (2%), international commerce retail/wholesale (5%/2%), local consumer services (5%), cloud computing (9%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (1%).

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