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Alibaba Group Holding (HKSE:09988) Cyclically Adjusted PS Ratio : 3.07 (As of May. 20, 2024)


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What is Alibaba Group Holding Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Alibaba Group Holding's current share price is HK$85.35. Alibaba Group Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$27.84. Alibaba Group Holding's Cyclically Adjusted PS Ratio for today is 3.07.

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

HKSE:09988' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.41   Med: 4.78   Max: 22.25
Current: 3.09

During the past years, Alibaba Group Holding's highest Cyclically Adjusted PS Ratio was 22.25. The lowest was 2.41. And the median was 4.78.

HKSE:09988's Cyclically Adjusted PS Ratio is ranked worse than
92.01% of 763 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs HKSE:09988: 3.09

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Alibaba Group Holding's adjusted revenue per share data for the three months ended in Mar. 2024 was HK$12.063. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is HK$27.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alibaba Group Holding Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Alibaba Group Holding's Cyclically Adjusted PS 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 PS Ratio Chart

Alibaba Group Holding Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.81 5.34 4.35 2.52

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 PS 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 4.35 3.37 3.35 2.82 2.52

Competitive Comparison of Alibaba Group Holding's Cyclically Adjusted PS Ratio

For the Internet Retail subindustry, Alibaba Group Holding's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alibaba Group Holding's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Alibaba Group Holding's Cyclically Adjusted PS Ratio falls into.



Alibaba Group Holding Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Alibaba Group Holding's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=85.35/27.84
=3.07

* 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 Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Alibaba Group Holding's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.063/117.7354*117.7354
=12.063

Current CPI (Mar. 2024) = 117.7354.

Alibaba Group Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.029 96.409 1.257
201409 1.090 97.948 1.310
201412 1.584 99.707 1.870
201503 1.042 99.927 1.228
201506 1.222 99.267 1.449
201509 1.316 99.927 1.551
201512 2.035 102.015 2.349
201603 1.416 102.785 1.622
201606 1.844 101.686 2.135
201609 1.943 102.565 2.230
201612 2.903 103.225 3.311
201703 2.101 103.335 2.394
201706 2.765 103.664 3.140
201709 3.143 103.994 3.558
201712 4.703 104.984 5.274
201803 3.668 105.973 4.075
201806 4.673 106.193 5.181
201809 4.630 106.852 5.102
201812 6.370 107.622 6.969
201903 5.207 108.172 5.667
201906 6.187 109.601 6.646
201909 6.215 110.260 6.636
201912 8.398 110.700 8.932
202003 5.794 110.920 6.150
202006 7.674 110.590 8.170
202009 8.034 107.512 8.798
202012 11.901 109.711 12.772
202103 10.149 111.579 10.709
202106 11.278 111.360 11.924
202109 11.097 109.051 11.981
202112 13.678 112.349 14.334
202203 11.647 113.558 12.075
202206 11.268 113.448 11.694
202209 10.946 113.778 11.327
202212 13.230 114.548 13.598
202303 11.354 115.427 11.581
202306 12.428 115.647 12.652
202309 11.748 116.087 11.915
202312 14.013 117.296 14.066
202403 12.063 117.735 12.063

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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  (HKSE:09988) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Alibaba Group Holding Cyclically Adjusted PS Ratio Related Terms

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


Alibaba Group Holding (HKSE:09988) 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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