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Alfa Holdings (BSP:RPAD3) Cyclically Adjusted PB Ratio : 0.59 (As of Jun. 07, 2024)


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What is Alfa Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Alfa Holdings's current share price is R$8.62. Alfa Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$14.71. Alfa Holdings's Cyclically Adjusted PB Ratio for today is 0.59.

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

BSP:RPAD3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.52   Max: 0.69
Current: 0.61

During the past years, Alfa Holdings's highest Cyclically Adjusted PB Ratio was 0.69. The lowest was 0.34. And the median was 0.52.

BSP:RPAD3's Cyclically Adjusted PB Ratio is ranked better than
66.89% of 450 companies
in the Conglomerates industry
Industry Median: 0.97 vs BSP:RPAD3: 0.61

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.

Alfa Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was R$12.842. 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$14.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alfa Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alfa Holdings'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.

Alfa Holdings Cyclically Adjusted PB Ratio Chart

Alfa Holdings 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 0.51 0.49 0.46 0.51 0.54

Alfa Holdings 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 0.45 0.52 0.52 0.54 0.57

Competitive Comparison of Alfa Holdings's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Alfa Holdings'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.


Alfa Holdings's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Alfa Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alfa Holdings 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.

Alfa Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.62/14.71
=0.59

* 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.

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

For example, Alfa Holdings'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)
=12.842/159.3724*159.3724
=12.842

Current CPI (Mar. 2024) = 159.3724.

Alfa Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.915 91.838 15.471
201409 9.091 92.602 15.646
201412 9.183 94.194 15.537
201503 9.460 97.799 15.416
201506 9.532 100.006 15.190
201509 9.878 101.392 15.527
201512 10.054 104.247 15.371
201603 10.151 106.979 15.123
201606 10.160 108.851 14.876
201609 10.359 109.986 15.010
201612 10.426 110.802 14.996
201703 10.497 111.869 14.954
201706 10.616 112.115 15.091
201709 10.730 112.777 15.163
201712 10.845 114.068 15.152
201803 10.984 114.868 15.240
201806 11.125 117.038 15.149
201809 11.248 117.881 15.207
201812 11.333 118.340 15.262
201903 11.458 120.124 15.202
201906 11.520 120.977 15.176
201909 11.685 121.292 15.354
201912 11.736 123.436 15.153
202003 11.964 124.092 15.366
202006 12.097 123.557 15.604
202009 12.227 125.095 15.577
202012 12.141 129.012 14.998
202103 12.223 131.660 14.796
202106 12.151 133.871 14.466
202109 12.291 137.913 14.204
202112 12.268 141.992 13.770
202203 12.280 146.537 13.356
202206 12.471 149.784 13.269
202209 12.659 147.800 13.650
202212 12.597 150.207 13.366
202303 12.752 153.352 13.253
202306 12.833 154.519 13.236
202309 12.997 155.464 13.324
202312 12.787 157.148 12.968
202403 12.842 159.372 12.842

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.


Alfa Holdings  (BSP:RPAD3) 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.


Alfa Holdings Cyclically Adjusted PB Ratio Related Terms

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


Alfa Holdings (BSP:RPAD3) Business Description

Traded in Other Exchanges
Address
Alameda Santos, 466 Cerqueira Cesar, Sao Paulo, SP, BRA, 1418000
Alfa Holdings SA is a holding company. The company holds interests, directly or indirectly, in segments such as finance, insurance, and services.

Alfa Holdings (BSP:RPAD3) Headlines

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