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ALEX (Alexander & Baldwin) Cyclically Adjusted PB Ratio : 0.82 (As of Jun. 25, 2025)


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What is Alexander & Baldwin Cyclically Adjusted PB Ratio?

As of today (2025-06-25), Alexander & Baldwin's current share price is $17.61. Alexander & Baldwin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $21.49. Alexander & Baldwin's Cyclically Adjusted PB Ratio for today is 0.82.

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

ALEX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.8   Max: 1.12
Current: 0.82

During the past years, Alexander & Baldwin's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.51. And the median was 0.80.

ALEX's Cyclically Adjusted PB Ratio is ranked worse than
52.47% of 526 companies
in the REITs industry
Industry Median: 0.81 vs ALEX: 0.82

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.

Alexander & Baldwin's adjusted book value per share data for the three months ended in Mar. 2025 was $13.824. 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 $21.49 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alexander & Baldwin Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alexander & Baldwin'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.

Alexander & Baldwin Cyclically Adjusted PB Ratio Chart

Alexander & Baldwin Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 1.08 0.79 0.83 0.82

Alexander & Baldwin Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.72 0.75 0.87 0.82 0.80

Competitive Comparison of Alexander & Baldwin's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Alexander & Baldwin'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.


Alexander & Baldwin's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alexander & Baldwin's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alexander & Baldwin's Cyclically Adjusted PB Ratio falls into.


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Alexander & Baldwin 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.

Alexander & Baldwin's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.61/21.49
=0.82

* 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.

Alexander & Baldwin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Alexander & Baldwin'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)
=13.824/134.9266*134.9266
=13.824

Current CPI (Mar. 2025) = 134.9266.

Alexander & Baldwin Quarterly Data

Book Value per Share CPI Adj_Book
201506 25.315 100.684 33.925
201509 25.416 100.392 34.159
201512 25.022 99.792 33.832
201603 24.832 100.470 33.348
201606 24.764 101.688 32.859
201609 24.706 101.861 32.726
201612 24.680 101.863 32.691
201703 24.632 102.862 32.310
201706 24.682 103.349 32.223
201709 24.786 104.136 32.115
201712 13.112 104.011 17.009
201803 18.354 105.290 23.520
201806 18.402 106.317 23.354
201809 18.650 106.507 23.627
201812 16.703 105.998 21.262
201903 16.637 107.251 20.930
201906 16.443 108.070 20.529
201909 15.566 108.329 19.388
201912 15.562 108.420 19.367
202003 15.321 108.902 18.982
202006 15.268 108.767 18.940
202009 15.344 109.815 18.853
202012 15.140 109.897 18.588
202103 15.176 111.754 18.323
202106 15.199 114.631 17.890
202109 15.074 115.734 17.574
202112 14.712 117.630 16.875
202203 14.728 121.301 16.382
202206 15.622 125.017 16.860
202209 15.538 125.227 16.742
202212 14.286 125.222 15.393
202303 14.051 127.348 14.887
202306 14.096 128.729 14.775
202309 14.183 129.860 14.736
202312 13.845 129.419 14.434
202403 13.863 131.776 14.194
202406 13.792 132.554 14.039
202409 13.743 133.029 13.939
202412 13.816 133.157 14.000
202503 13.824 134.927 13.824

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.


Alexander & Baldwin  (NYSE:ALEX) 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.


Alexander & Baldwin Cyclically Adjusted PB Ratio Related Terms

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


Alexander & Baldwin Business Description

Traded in Other Exchanges
Address
822 Bishop Street, Post Office Box 3440, Honolulu, HI, USA, 96801
Alexander & Baldwin Inc is a Hawaii commercial real estate company. The group owns, operates, and manages million square feet of retail, industrial, and office space in Hawaii. It is a real estate investment trust (REIT) and the owner of grocery and drug-anchored retail centers in the state. It functions through two segments namely Commercial Real Estate and Land Operations. The Commercial Real Estate segment owns and manages retail, industrial spaces, and also urban ground leases in Hawaii, thereby accounting for a majority of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. Geographically, the activities are carried out across the United States.
Executives
Meredith J Ching officer: Sr. Vice Pres. Gov't Rel. 822 BISHOP ST., HONOLULU HI 96813
Kimura Shelee M.t. director C/O P.O. BOX 730, HONOLULU HI 96808
Jeffrey W Pauker officer: EVP, Chief Investment Officer 822 BISHOP STREET, HONOLULU HI 96813
Anthony J Tommasino officer: Principal accounting officer 822 BISHOP STREET, HONOLULU HI 96813
Derek T Kanehira officer: Senior Vice President 822 BISHOP STREET, HONOLULU HI 96813
Scott G Morita officer: Vice President & Corp Counsel 822 BISHOP STREET, HONOLULU HI 96813
Jerrod M Schreck officer: Exec VP; President of subsid. 822 BISHOP STREET, HONOLULU HI 96813
Chun Nelson N S director, officer: Sr. Vice Pres. & CLO 822 BISHOP STREET, HONOLULU HI 96813
John T Leong director 822 BISHOP STREET, HONOLULU HI 96813
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
Christopher J Benjamin officer: President of affiliate 822 BISHOP STREET, HONOLULU HI 96813
Robert S Harrison director 999 BISHOP STREET, HONOLULU HI 96813
Brett A Brown officer: CFO and Exec. Vice President C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Stanley M Kuriyama director, officer: Pres. & CEO 822 BISHOP ST., HONOLULU HI 96813
Doane W Allen Jr director 822 BISHOP ST., HONOLULU HI 96813