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Altria Group (XBUL:PHM7) Cyclically Adjusted Book per Share : лв2.58 (As of Mar. 2025)


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What is Altria Group Cyclically Adjusted Book per Share?

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.

Altria Group's adjusted book value per share for the three months ended in Mar. 2025 was лв-3.588. 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 лв2.58 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Altria Group's average Cyclically Adjusted Book Growth Rate was -10.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -3.30% 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 Altria Group was 13.70% per year. The lowest was -29.30% per year. And the median was 3.90% per year.

As of today (2025-06-01), Altria Group's current stock price is лв53.12. Altria Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was лв2.58. Altria Group's Cyclically Adjusted PB Ratio of today is 20.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Altria Group was 27.50. The lowest was 7.89. And the median was 13.27.


Altria Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Altria Group'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.

* Premium members only.

Altria Group Cyclically Adjusted Book per Share Chart

Altria Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.90

Altria Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - 2.80 2.90 2.58

Competitive Comparison of Altria Group's Cyclically Adjusted Book per Share

For the Tobacco subindustry, Altria Group'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.


Altria Group's Cyclically Adjusted PB Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Altria Group 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, Altria Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-3.588/134.9266*134.9266
=-3.588

Current CPI (Mar. 2025) = 134.9266.

Altria Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.441 100.684 3.271
201509 2.537 100.392 3.410
201512 2.532 99.792 3.423
201603 2.417 100.470 3.246
201606 2.769 101.688 3.674
201609 2.600 101.861 3.444
201612 11.329 101.863 15.006
201703 10.916 102.862 14.319
201706 11.140 103.349 14.544
201709 10.978 104.136 14.224
201712 13.936 104.011 18.078
201803 14.006 105.290 17.948
201806 14.430 106.317 18.313
201809 14.200 106.507 17.989
201812 13.596 105.998 17.307
201903 12.961 107.251 16.306
201906 13.341 108.070 16.656
201909 9.726 108.329 12.114
201912 5.770 108.420 7.181
202003 6.067 108.902 7.517
202006 5.274 108.767 6.542
202009 2.910 109.815 3.575
202012 2.632 109.897 3.231
202103 2.711 111.754 3.273
202106 3.041 114.631 3.579
202109 -1.187 115.734 -1.384
202112 -1.518 117.630 -1.741
202203 -1.673 121.301 -1.861
202206 -2.297 125.017 -2.479
202209 -4.065 125.227 -4.380
202212 -3.834 125.222 -4.131
202303 -3.739 127.348 -3.962
202306 -3.713 128.729 -3.892
202309 -3.317 129.860 -3.446
202312 -3.459 129.419 -3.606
202403 -5.130 131.776 -5.253
202406 -3.039 132.554 -3.093
202409 -3.522 133.029 -3.572
202412 -2.281 133.157 -2.311
202503 -3.588 134.927 -3.588

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


Altria Group  (XBUL:PHM7) 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.

Altria Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.12/2.58
=20.59

* 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 Altria Group was 27.50. The lowest was 7.89. And the median was 13.27.


Be Aware

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


Altria Group Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Altria Group's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Altria Group Business Description

Address
6601 West Broad Street, Richmond, VA, USA, 23230
Altria comprises Philip Morris USA, US Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 42% annual share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev and a 41% stake in cannabis manufacturer Cronos. It also acquired vaping company Njoy Holdings in 2023 and operates a joint venture with Japan Tobacco in the heated tobacco category.

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