Alibaba Group Holding (BSP:BABA34) Cyclically Adjusted Book per Share: R$8.49 (As of Mar. 2026)


BSP:BABA34 Alibaba Group Holding Ltd BSP:BABA34
78 GF Score
Price R$17.65
GF Value R$21.91
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Alibaba Group Holding Cyclically Adjusted Book per Share?

Alibaba Group Holding BSP:BABA34 +0.46% 78 Cyclically Adjusted Book per Share is R$8.49 as of Mar. 2026. GuruFocus rates BSP:BABA34 with a GF Score™ of 78/100 and a GF Value™ of R$21.91 (Modestly Undervalued). The stock has 5 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 R$12.378. 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$8.49 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 13.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 18.80% 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 13.60% per year. And the median was 17.20% per year.

As of today (2026-07-01), Alibaba Group Holding's current stock price is R$17.65. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$8.49. Alibaba Group Holding's Cyclically Adjusted PB Ratio of today is 2.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alibaba Group Holding was 20.35. The lowest was 1.96. And the median was 3.11.


Alibaba Group Holding  (BSP:BABA34) 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
=17.65/8.49
=2.08

* 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 20.35. The lowest was 1.96. And the median was 3.11.


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 4.30 5.69 6.28 8.28 8.49

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 8.28 8.08 8.19 8.71 8.49

BSP:BABA34 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.


BSP:BABA34
78GF Score
Alibaba Group Holding Ltd BSP:BABA34
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)
=12.378/121.4731*121.4731
=12.378

Current CPI (Mar. 2026) = 121.4731.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.672 101.686 1.997
201609 1.717 102.565 2.034
201612 1.805 103.225 2.124
201703 1.786 103.335 2.099
201706 2.041 103.664 2.392
201709 2.138 103.994 2.497
201712 2.429 104.984 2.811
201803 2.637 105.973 3.023
201806 3.184 106.193 3.642
201809 3.488 106.852 3.965
201812 3.589 107.622 4.051
201903 3.889 108.172 4.367
201906 3.995 109.601 4.428
201909 4.780 110.260 5.266
201912 5.797 110.700 6.361
202003 6.989 110.920 7.654
202006 7.824 110.590 8.594
202009 8.969 107.512 10.134
202012 9.707 109.711 10.748
202103 10.683 111.579 11.630
202106 10.031 111.360 10.942
202109 10.371 109.051 11.552
202112 11.495 112.349 12.429
202203 9.952 113.558 10.646
202206 9.794 113.448 10.487
202209 9.552 113.778 10.198
202212 10.135 114.548 10.748
202303 10.413 115.427 10.958
202306 9.621 115.647 10.106
202309 9.823 116.087 10.279
202312 9.907 117.296 10.260
202403 10.011 117.735 10.329
202406 10.459 117.296 10.831
202409 11.133 118.615 11.401
202412 12.584 118.945 12.851
202503 12.064 119.384 12.275
202506 11.719 119.055 11.957
202509 11.635 119.934 11.784
202512 12.047 120.704 12.124
202603 12.378 121.473 12.378

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 R$8.49 mean?
Alibaba Group Holding (BSP:BABA34) has a Cyclically Adjusted Book per Share of R$8.49 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 R$8.49. Overall, Alibaba Group Holding has a GF Score™ of 78/100 and is considered Modestly Undervalued, 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 R$8.49 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 R$8.49. 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 (BSP:BABA34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$21.91, compared to a current price of R$17.65 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$8.49. Alibaba Group Holding's overall GF Score™ is 78/100 with 5 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 (BSP:BABA34), the current Cyclically Adjusted Book per Share is R$8.49 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 (BSP:BABA34) Overvalued in 2026?

Based on GuruFocus' analysis, Alibaba Group Holding stock appears to be undervalued. The current stock price of R$17.65 is trading 19.4% below its estimated GF Value™ of R$21.91. GuruFocus considers Alibaba Group Holding to be Modestly Undervalued.

Key valuation signals for BSP:BABA34:

  • Cyclically Adjusted Book per Share: R$8.49
  • GF Value™: R$21.91 vs. price of R$17.65 (19.4% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the BSP:BABA34 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.
78GF Score

Get the complete analysis for BSP:BABA34

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

R$17.65
Price
R$21.91
GF Value