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Alibaba Group Holding (BUE:BABA) Cyclically Adjusted PB Ratio : 2.66 (As of Jun. 02, 2024)


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What is Alibaba Group Holding Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Alibaba Group Holding's current share price is ARS11149.00. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS4,198.17. Alibaba Group Holding's Cyclically Adjusted PB Ratio for today is 2.66.

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

BUE:BABA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.96   Med: 3.8   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 3.80.

BUE:BABA's Cyclically Adjusted PB Ratio is ranked worse than
70.68% of 747 companies
in the Retail - Cyclical industry
Industry Median: 1.18 vs BUE:BABA: 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 ARS658.680. 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 ARS4,198.17 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
=11149.00/4198.17
=2.66

* 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)
=658.68/117.7354*117.7354
=658.680

Current CPI (Mar. 2024) = 117.7354.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.420 96.409 0.513
201409 0.955 97.948 1.148
201412 1.058 99.707 1.249
201503 1.144 99.927 1.348
201506 1.490 99.267 1.767
201509 1.528 99.927 1.800
201512 2.422 102.015 2.795
201603 2.736 102.785 3.134
201606 2.655 101.686 3.074
201609 3.061 102.565 3.514
201612 3.317 103.225 3.783
201703 3.424 103.335 3.901
201706 3.972 103.664 4.511
201709 4.652 103.994 5.267
201712 5.473 104.984 6.138
201803 6.301 105.973 7.000
201806 8.189 106.193 9.079
201809 12.149 106.852 13.386
201812 13.553 107.622 14.827
201903 15.391 108.172 16.752
201906 18.004 109.601 19.340
201909 25.236 110.260 26.947
201912 32.832 110.700 34.919
202003 34.528 110.920 36.650
202006 40.147 110.590 42.741
202009 47.953 107.512 52.513
202012 59.711 109.711 64.079
202103 66.414 111.579 70.078
202106 73.491 111.360 77.699
202109 74.708 109.051 80.658
202112 79.836 112.349 83.664
202203 83.507 113.558 86.579
202206 90.797 113.448 94.228
202209 98.437 113.778 101.861
202212 125.974 114.548 129.480
202303 153.582 115.427 156.654
202306 184.998 115.647 188.339
202309 270.682 116.087 274.527
202312 283.857 117.296 284.921
202403 658.680 117.735 658.680

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  (BUE:BABA) 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 (BUE:BABA) 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%).