ALMMF (Aluminum of China) Cyclically Adjusted PB Ratio: 2.02 (As of Jul. 13, 2026) — 30% Above Median

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ALMMF Aluminum Corp of China Ltd ALMMF
79 GF Score
Price $0.97
GF Value $1.11
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Aluminum of China Cyclically Adjusted PB Ratio?

Aluminum of China ALMMF +0.14% 79 Cyclically Adjusted PB Ratio is 2.02 as of Jul. 13, 2026, which is 30% above its 10-year median of 1.55. GuruFocus rates ALMMF with a GF Score™ of 79/100 and a GF Value™ of $1.11 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,545 Metals & Mining companies, Aluminum of China ranks worse than 62.14% on this metric.

As of today (2026-07-13), Aluminum of China's current share price is $0.97. Aluminum of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.48. Aluminum of China's Cyclically Adjusted PB Ratio for today is 2.02.

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

ALMMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.55   Max: 4.05
Current: 2.36

During the past years, Aluminum of China's highest Cyclically Adjusted PB Ratio was 4.05. The lowest was 0.78. And the median was 1.55.

ALMMF's Cyclically Adjusted PB Ratio is ranked worse than
62.14% of 1545 companies
in the Metals & Mining industry
Industry Median: 1.45 vs ALMMF: 2.36

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.

Aluminum of China's adjusted book value per share data for the three months ended in Mar. 2026 was $0.682. 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 $0.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aluminum of China  (OTCPK:ALMMF) 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.


Aluminum of China Cyclically Adjusted PB Ratio Related Terms


Aluminum of China Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aluminum of China'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.

Aluminum of China Cyclically Adjusted PB Ratio Chart

Aluminum of China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.84 1.36 1.74 2.23 3.50

Aluminum of China Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.22 2.08 2.39 3.50 3.22

ALMMF vs AA, CENX, CSTM: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Aluminum of China'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.


Aluminum of China Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminum of China's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aluminum of China's Cyclically Adjusted PB Ratio falls into.


ALMMF
79GF Score
Aluminum Corp of China Ltd ALMMF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aluminum of China 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.

Aluminum of China's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.97/0.48
=2.02

* 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.

Aluminum of China's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Aluminum of China'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)
=0.682/116.3033*116.3033
=0.682

Current CPI (Mar. 2026) = 116.3033.

Aluminum of China Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.399 101.400 0.458
201609 0.380 102.400 0.432
201612 0.370 102.600 0.419
201703 0.374 103.200 0.421
201706 0.368 103.100 0.415
201709 0.387 104.100 0.432
201712 0.403 104.500 0.449
201803 0.538 105.300 0.594
201806 0.529 104.900 0.587
201809 0.504 106.600 0.550
201812 0.511 106.500 0.558
201903 0.463 107.700 0.500
201906 0.453 107.700 0.489
201909 0.439 109.800 0.465
201912 0.458 111.200 0.479
202003 0.457 112.300 0.473
202006 0.454 110.400 0.478
202009 0.478 111.700 0.498
202012 0.489 111.500 0.510
202103 0.499 112.662 0.515
202106 0.526 111.769 0.547
202109 0.541 112.215 0.561
202112 0.558 113.108 0.574
202203 0.542 114.335 0.551
202206 0.527 114.558 0.535
202209 0.521 115.339 0.525
202212 0.455 115.116 0.460
202303 0.477 115.116 0.482
202306 0.465 114.558 0.472
202309 0.472 115.339 0.476
202312 0.495 114.781 0.502
202403 0.508 115.227 0.513
202406 0.534 114.781 0.541
202409 0.556 115.785 0.558
202412 0.554 114.893 0.561
202503 0.589 115.116 0.595
202506 0.590 114.907 0.597
202509 0.601 115.471 0.605
202512 0.620 115.832 0.623
202603 0.682 116.303 0.682

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.

What does a Cyclically Adjusted PB Ratio of 2.02 mean?
Aluminum of China (ALMMF) has a Cyclically Adjusted PB Ratio of 2.02 as of Jul. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aluminum of China and its competitors. This is 30% above median its historical median of 1.55. Over the past decade, Aluminum of China's Cyclically Adjusted PB Ratio has ranged from 0.78 to 4.05. According to the industry distribution chart, Aluminum of China ranks #960 out of 1545 companies in the Metals & Mining industry, placing it in the top 62.1%.
Is Aluminum of China's Cyclically Adjusted PB Ratio too high?
Aluminum of China's current Cyclically Adjusted PB Ratio of 2.02 is 30% above median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 4.05. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.45. Aluminum of China's value of 2.02 is 39.3% above this industry median. Based on the distribution chart, Aluminum of China ranks #960 out of 1545 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Aluminum of China has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aluminum of China's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Aluminum of China ranks #960 out of 1545 companies for Cyclically Adjusted PB Ratio. This places Aluminum of China in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. Aluminum of China's value of 2.02 is 39.3% above this benchmark. Historically, Aluminum of China's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 4.05 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.45, Aluminum of China has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.45, based on 1,545 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aluminum of China's current Cyclically Adjusted PB Ratio of 2.02 is 39.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aluminum of China and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aluminum of China's current Cyclically Adjusted PB Ratio is 2.02, which is 30% above median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluminum of China stock overvalued right now?
Based on GuruFocus' analysis, Aluminum of China (ALMMF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.11, compared to a current price of $0.97 — trading 12.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.02, which is 30% above median its 10-year median of 1.55 and 39.3% above the Metals & Mining industry median of 1.45. Aluminum of China's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Aluminum of China (ALMMF), the current Cyclically Adjusted PB Ratio is 2.02 as of Jul. 13, 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 Aluminum of China (ALMMF) Overvalued in 2026?

Based on GuruFocus' analysis, Aluminum of China stock appears to be undervalued. The current stock price of $0.97 is trading 12.6% below its estimated GF Value™ of $1.11. GuruFocus considers Aluminum of China to be Modestly Undervalued.

Key valuation signals for ALMMF:

  • Cyclically Adjusted PB Ratio: 2.02 (30% above median its 10-year median of 1.55)
  • GF Value™: $1.11 vs. price of $0.97 (12.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 39.3% above the Metals & Mining median (#960 of 1545)

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


Aluminum of China Business Description

Address No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082
Aluminum Corp of China Ltd is an aluminum producer. Its main business includes exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys, and carbon products, international trade, logistics industry, thermal and new energy power generation, etc. The company's reportable operating segments are: the alumina segment, the primary aluminum segment, the energy segment, the marketing segment, and the corporate and other segment. The majority of its revenue is generated from the primary aluminum segment, which consists of procuring alumina and other raw materials, supplemental materials, and electricity power, and smelting alumina to produce primary aluminum.
79GF Score

Get the complete analysis for ALMMF

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

$0.97
Price
$1.11
GF Value