Alibaba Group Holding (BKK:BABA23) Cyclically Adjusted Book per Share: ฿1.28 (As of Mar. 2026)


BKK:BABA23 Alibaba Group Holding Ltd BKK:BABA23
67 GF Score
Price ฿2.92
GF Value ฿2.90
Valuation Fairly Valued
! 4 Warning Signs
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What is Alibaba Group Holding Cyclically Adjusted Book per Share?

Alibaba Group Holding BKK:BABA23 +5.80% 67 Cyclically Adjusted Book per Share is ฿1.28 as of Mar. 2026. GuruFocus rates BKK:BABA23 with a GF Score™ of 67/100 and a GF Value™ of ฿2.90 (Fairly Valued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Mar. 2026 was ฿267.278. 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 ฿1.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alibaba Group Holding's average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Alibaba Group Holding was 23.50% per year. The lowest was 12.20% per year. And the median was 14.80% per year.

As of today (2026-07-09), Alibaba Group Holding's current stock price is ฿2.92. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.28. Alibaba Group Holding's Cyclically Adjusted PB Ratio of today is 2.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alibaba Group Holding was 20.87. The lowest was 1.95. And the median was 3.15.


Alibaba Group Holding  (BKK:BABA23) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.92/1.28
=2.28

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alibaba Group Holding was 20.87. The lowest was 1.95. And the median was 3.15.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Alibaba Group Holding Cyclically Adjusted Book per Share Related Terms


Alibaba Group Holding Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Alibaba Group Holding's Cyclically Adjusted Book per Share 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.

Alibaba Group Holding Cyclically Adjusted Book per Share Chart

Alibaba Group Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.28

Alibaba Group Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 0.00 1.12 1.17 1.18 1.28

BKK:BABA23 vs PDD, MELI, DASH: Cyclically Adjusted Book per Share Comparison

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 Cyclically Adjusted PB Ratio vs 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.


BKK:BABA23
67GF Score
Alibaba Group Holding Ltd BKK:BABA23
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alibaba Group Holding Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Alibaba Group Holding's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=267.278/121.4731*121.4731
=267.278

Current CPI (Mar. 2026) = 121.4731.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201606 60.278 101.686 72.008
201609 64.120 102.565 75.941
201612 67.375 103.225 79.286
201703 69.700 103.335 81.935
201706 73.693 103.664 86.353
201709 79.178 103.994 92.486
201712 84.142 104.984 97.358
201803 87.967 105.973 100.834
201806 96.000 106.193 109.814
201809 96.801 106.852 110.046
201812 105.812 107.622 119.430
201903 112.458 108.172 126.287
201906 112.791 109.601 125.009
201909 124.099 110.260 136.719
201912 149.270 110.700 163.797
202003 160.681 110.920 175.969
202006 164.363 110.590 180.538
202009 182.377 107.512 206.060
202012 198.638 109.711 219.935
202103 204.340 111.579 222.459
202106 219.537 111.360 239.475
202109 227.607 109.051 253.534
202112 238.776 112.349 258.168
202203 232.696 113.558 248.915
202206 237.178 113.448 253.955
202209 236.330 113.778 252.314
202212 235.126 114.548 249.342
202303 241.140 115.427 253.771
202306 242.192 115.647 254.394
202309 249.809 116.087 261.401
202312 247.552 117.296 256.368
202403 252.960 117.735 260.991
202406 249.501 117.296 258.387
202409 233.980 118.615 239.618
202412 246.489 118.945 251.729
202503 247.668 119.384 252.001
202506 240.995 119.055 245.891
202509 242.713 119.934 245.828
202512 244.032 120.704 245.588
202603 267.278 121.473 267.278

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ฿1.28 mean?
Alibaba Group Holding (BKK:BABA23) has a Cyclically Adjusted Book per Share of ฿1.28 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Alibaba Group Holding and its competitors.
Is Alibaba Group Holding's Cyclically Adjusted Book per Share too high?
Alibaba Group Holding's current Cyclically Adjusted Book per Share is ฿1.28. Overall, Alibaba Group Holding has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alibaba Group Holding's Cyclically Adjusted Book per Share compare to PDD and MELI?
Alibaba Group Holding's Cyclically Adjusted Book per Share of ฿1.28 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Alibaba Group Holding and its competitors. Alibaba Group Holding's current Cyclically Adjusted Book per Share is ฿1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alibaba Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Alibaba Group Holding (BKK:BABA23) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.90, compared to a current price of ฿2.92 — trading 0.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is ฿1.28. Alibaba Group Holding's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Alibaba Group Holding (BKK:BABA23), the current Cyclically Adjusted Book per Share is ฿1.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alibaba Group Holding (BKK:BABA23) Overvalued in 2026?

Based on GuruFocus' analysis, Alibaba Group Holding stock appears to be overvalued. The current stock price of ฿2.92 is trading 0.7% above its estimated GF Value™ of ฿2.90. GuruFocus considers Alibaba Group Holding to be Fairly Valued.

Key valuation signals for BKK:BABA23:

  • Cyclically Adjusted Book per Share: ฿1.28
  • GF Value™: ฿2.90 vs. price of ฿2.92 (0.7% above fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the BKK:BABA23 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alibaba Group Holding 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. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China retail e-commerce platform is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China wholesale e-commerce, international retail and wholesale e-commerce, local consumer services, travel services, cloud computing, digital media and entertainment, Cainiao logistics services, and other businesses.
67GF Score

Get the complete analysis for BKK:BABA23

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿2.92
Price
฿2.90
GF Value