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Alibaba Group Holding (FRA:AHLA) Cyclically Adjusted Book per Share : €32.48 (As of Mar. 2024)


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What is Alibaba Group Holding 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.

Alibaba Group Holding's adjusted book value per share for the three months ended in Mar. 2024 was €51.788. 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 €32.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Alibaba Group Holding's average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.40% 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 Alibaba Group Holding was 22.40% per year. The lowest was 22.40% per year. And the median was 22.40% per year.

As of today (2024-05-22), Alibaba Group Holding's current stock price is €79.30. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €32.48. Alibaba Group Holding's Cyclically Adjusted PB Ratio of today is 2.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alibaba Group Holding was 19.80. The lowest was 1.96. And the median was 3.83.


Alibaba Group Holding Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding Cyclically Adjusted Book per Share Chart

Alibaba Group Holding Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 16.39 23.97 28.80 32.48

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 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 28.80 29.36 31.00 30.33 32.48

Competitive Comparison of Alibaba Group Holding's Cyclically Adjusted Book per Share

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 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, 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)
=51.788/117.7354*117.7354
=51.788

Current CPI (Mar. 2024) = 117.7354.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.738 96.409 3.344
201409 6.340 97.948 7.621
201412 7.223 99.707 8.529
201503 8.632 99.927 10.170
201506 10.522 99.267 12.480
201509 10.425 99.927 12.283
201512 12.370 102.015 14.276
201603 12.112 102.785 13.874
201606 12.170 101.686 14.091
201609 13.166 102.565 15.113
201612 14.282 103.225 16.290
201703 14.949 103.335 17.032
201706 15.437 103.664 17.532
201709 16.037 103.994 18.156
201712 17.439 104.984 19.557
201803 18.260 105.973 20.287
201806 20.236 106.193 22.436
201809 20.371 106.852 22.446
201812 22.749 107.622 24.887
201903 25.089 108.172 27.307
201906 25.676 109.601 27.582
201909 29.500 110.260 31.500
201912 35.593 110.700 37.855
202003 36.247 110.920 38.474
202006 37.494 110.590 39.917
202009 39.484 107.512 43.239
202012 43.425 109.711 46.601
202103 44.591 111.579 47.051
202106 46.361 111.360 49.015
202109 46.759 109.051 50.483
202112 50.373 112.349 52.788
202203 50.845 113.558 52.715
202206 51.395 113.448 53.337
202209 51.517 113.778 53.309
202212 51.072 114.548 52.493
202303 52.281 115.427 53.327
202306 51.226 115.647 52.151
202309 52.183 116.087 52.924
202312 51.915 117.296 52.110
202403 51.788 117.735 51.788

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


Alibaba Group Holding  (FRA:AHLA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=79.30/32.48
=2.44

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alibaba Group Holding was 19.80. The lowest was 1.96. And the median was 3.83.


Be Aware

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


Alibaba Group Holding Cyclically Adjusted Book per Share Related Terms

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


Alibaba Group Holding (FRA:AHLA) 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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