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Altri SGPS (XLIS:ALTR) Cyclically Adjusted PB Ratio : 2.34 (As of Apr. 27, 2024)


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What is Altri SGPS Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Altri SGPS's current share price is €5.17. Altri SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €2.21. Altri SGPS's Cyclically Adjusted PB Ratio for today is 2.34.

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

XLIS:ALTR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.18   Max: 4.99
Current: 2.26

During the past years, Altri SGPS's highest Cyclically Adjusted PB Ratio was 4.99. The lowest was 1.38. And the median was 2.18.

XLIS:ALTR's Cyclically Adjusted PB Ratio is ranked worse than
85.51% of 214 companies
in the Forest Products industry
Industry Median: 0.87 vs XLIS:ALTR: 2.26

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.

Altri SGPS's adjusted book value per share data for the three months ended in Dec. 2023 was €1.986. 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 €2.21 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Altri SGPS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Altri SGPS'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.

Altri SGPS Cyclically Adjusted PB Ratio Chart

Altri SGPS 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 2.58 2.09 2.01 2.00 2.08

Altri SGPS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 2.14 2.00 1.91 1.94 2.08

Competitive Comparison of Altri SGPS's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Altri SGPS'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.


Altri SGPS's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Altri SGPS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Altri SGPS 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.

Altri SGPS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.17/2.21
=2.34

* 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.

Altri SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Altri SGPS's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.986/118.0324*118.0324
=1.986

Current CPI (Dec. 2023) = 118.0324.

Altri SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.178 100.080 1.389
201403 1.220 99.788 1.443
201406 1.204 99.967 1.422
201409 1.253 99.617 1.485
201412 1.327 99.723 1.571
201503 1.436 100.097 1.693
201506 1.494 100.769 1.750
201509 1.661 100.489 1.951
201512 1.571 100.119 1.852
201603 1.694 100.547 1.989
201606 1.515 101.319 1.765
201609 1.597 101.122 1.864
201612 1.675 100.998 1.958
201703 1.768 101.924 2.047
201706 1.647 102.240 1.901
201709 1.788 102.527 2.058
201712 1.923 102.479 2.215
201803 2.082 102.626 2.395
201806 1.952 103.790 2.220
201809 2.172 103.960 2.466
201812 2.543 103.159 2.910
201903 2.677 103.495 3.053
201906 2.124 104.192 2.406
201909 2.211 103.844 2.513
201912 2.272 103.592 2.589
202003 2.296 103.544 2.617
202006 2.020 104.323 2.285
202009 2.103 103.699 2.394
202012 2.171 103.354 2.479
202103 2.216 104.014 2.515
202106 2.080 104.852 2.341
202109 2.473 105.232 2.774
202112 2.643 106.191 2.938
202203 2.790 109.559 3.006
202206 2.404 114.003 2.489
202209 2.761 114.999 2.834
202212 2.962 116.377 3.004
202306 1.960 117.872 1.963
202309 1.928 119.111 1.911
202312 1.986 118.032 1.986

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.


Altri SGPS  (XLIS:ALTR) 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.


Altri SGPS Cyclically Adjusted PB Ratio Related Terms

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


Altri SGPS (XLIS:ALTR) Business Description

Traded in Other Exchanges
Address
Rua Manuel Pinto de Azevedo, 818, Porto, PRT, 4100-320
Altri SGPS SA manages forests and produces and sells pulp. The company owns and manages eucalyptus forests throughout Portugal and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Around half of the company's pulp is sold to tissue paper producers, while other main end products include writing and printing paper, and soluble paste, which is used in the production of textiles. It also generates and sells electricity from biomass. The majority of revenue comes from Europe.