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Alibaba Group Holding (STU:2RR) Cyclically Adjusted PB Ratio : 2.43 (As of May. 23, 2024)


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What is Alibaba Group Holding Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Alibaba Group Holding's current share price is €9.773. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.03. Alibaba Group Holding's Cyclically Adjusted PB Ratio for today is 2.43.

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

STU:2RR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.96   Med: 3.83   Max: 19.8
Current: 2.35

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 3.83.

STU:2RR's Cyclically Adjusted PB Ratio is ranked worse than
73.19% of 731 companies
in the Retail - Cyclical industry
Industry Median: 1.18 vs STU:2RR: 2.35

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 €6.473. 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 €4.03 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
=9.773/4.03
=2.43

* 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)
=6.473/117.7354*117.7354
=6.473

Current CPI (Mar. 2024) = 117.7354.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.342 96.409 0.418
201409 0.792 97.948 0.952
201412 0.903 99.707 1.066
201503 1.079 99.927 1.271
201506 1.315 99.267 1.560
201509 1.303 99.927 1.535
201512 1.546 102.015 1.784
201603 1.514 102.785 1.734
201606 1.521 101.686 1.761
201609 1.646 102.565 1.889
201612 1.785 103.225 2.036
201703 1.869 103.335 2.129
201706 1.930 103.664 2.192
201709 2.005 103.994 2.270
201712 2.180 104.984 2.445
201803 2.282 105.973 2.535
201806 2.530 106.193 2.805
201809 2.546 106.852 2.805
201812 2.844 107.622 3.111
201903 3.136 108.172 3.413
201906 3.210 109.601 3.448
201909 3.687 110.260 3.937
201912 4.449 110.700 4.732
202003 4.531 110.920 4.809
202006 4.687 110.590 4.990
202009 4.935 107.512 5.404
202012 5.428 109.711 5.825
202103 5.574 111.579 5.882
202106 5.795 111.360 6.127
202109 5.845 109.051 6.310
202112 6.297 112.349 6.599
202203 6.356 113.558 6.590
202206 6.424 113.448 6.667
202209 6.440 113.778 6.664
202212 6.384 114.548 6.562
202303 6.535 115.427 6.666
202306 6.403 115.647 6.519
202309 6.523 116.087 6.616
202312 6.489 117.296 6.513
202403 6.473 117.735 6.473

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  (STU:2RR) 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 (STU:2RR) 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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