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Alpargatas (BSP:ALPA4) Cyclically Adjusted PB Ratio : 1.63 (As of May. 31, 2024)


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What is Alpargatas Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Alpargatas's current share price is R$9.49. Alpargatas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$5.83. Alpargatas's Cyclically Adjusted PB Ratio for today is 1.63.

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

BSP:ALPA4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 3.84   Max: 11.44
Current: 1.54

During the past years, Alpargatas's highest Cyclically Adjusted PB Ratio was 11.44. The lowest was 1.25. And the median was 3.84.

BSP:ALPA4's Cyclically Adjusted PB Ratio is ranked worse than
62.32% of 751 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.08 vs BSP:ALPA4: 1.54

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.

Alpargatas's adjusted book value per share data for the three months ended in Mar. 2024 was R$5.596. 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$5.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpargatas Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alpargatas'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.

Alpargatas Cyclically Adjusted PB Ratio Chart

Alpargatas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.80 8.69 6.40 2.12 1.72

Alpargatas 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 1.51 1.78 1.42 1.72 1.64

Competitive Comparison of Alpargatas's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Alpargatas'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.


Alpargatas's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alpargatas's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alpargatas 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.

Alpargatas's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.49/5.83
=1.63

* 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.

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

For example, Alpargatas'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)
=5.596/159.3724*159.3724
=5.596

Current CPI (Mar. 2024) = 159.3724.

Alpargatas Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.232 91.838 5.609
201409 3.293 92.602 5.667
201412 3.467 94.194 5.866
201503 3.394 97.799 5.531
201506 3.394 100.006 5.409
201509 3.339 101.392 5.248
201512 3.192 104.247 4.880
201603 3.288 106.979 4.898
201606 3.277 108.851 4.798
201609 3.376 109.986 4.892
201612 3.413 110.802 4.909
201703 3.671 111.869 5.230
201706 3.728 112.115 5.299
201709 3.759 112.777 5.312
201712 3.776 114.068 5.276
201803 3.730 114.868 5.175
201806 3.679 117.038 5.010
201809 3.884 117.881 5.251
201812 4.112 118.340 5.538
201903 4.185 120.124 5.552
201906 4.243 120.977 5.590
201909 4.378 121.292 5.752
201912 4.564 123.436 5.893
202003 4.806 124.092 6.172
202006 4.926 123.557 6.354
202009 4.977 125.095 6.341
202012 5.091 129.012 6.289
202103 5.308 131.660 6.425
202106 5.469 133.871 6.511
202109 5.758 137.913 6.654
202112 5.862 141.992 6.580
202203 8.019 146.537 8.721
202206 8.503 149.784 9.047
202209 8.691 147.800 9.372
202212 8.539 150.207 9.060
202303 8.171 153.352 8.492
202306 7.867 154.519 8.114
202309 7.984 155.464 8.185
202312 5.520 157.148 5.598
202403 5.596 159.372 5.596

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.


Alpargatas  (BSP:ALPA4) 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.


Alpargatas Cyclically Adjusted PB Ratio Related Terms

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


Alpargatas (BSP:ALPA4) Business Description

Traded in Other Exchanges
Address
United Nations Avenue, Vila Gertrudes, 14.261, Sao Paulo, SP, BRA, 04794-00
Alpargatas SA primarily manufactures footwear, apparel, and sports items. Brands the company owns or manufactures under license include Havaianas, dupe, Osklen, Mizuno, Megga, and Sete Leguas. Alpargatas reaches consumers through third-party retailers and through its own retail stores. Most of the company's sales are in Brazil and Argentina, with sales in Brazil accounting for more than half of the company's total sales. Remaining revenue is generated by the company's subsidiaries in Europe and the United States, and through direct exports.

Alpargatas (BSP:ALPA4) Headlines

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