Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Alliance Resource Partners LPARLP -0.96%83 Cyclically Adjusted PB Ratio is 1.84 as of Sep. 18, 2026, which is 9% above its 10-year median of 1.69. GuruFocus rates ARLP with a GF Score™ of 83/100 and a GF Value™ of $22.92 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 134 Other Energy Sources companies, Alliance Resource Partners LP ranks worse than 62.69% on this metric.
The historical rank and industry rank for Alliance Resource Partners LP's Cyclically Adjusted PB Ratio or its related term are showing as below:
ARLP'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23 Med: 1.69 Max: 2.96
Current: 1.91
During the past years, Alliance Resource Partners LP's highest Cyclically Adjusted PB Ratio was 2.96. The lowest was 0.23. And the median was 1.69.
ARLP's Cyclically Adjusted PB Ratio is ranked worse than 62.69% of 134
companies
in the Other Energy Sources industry
Industry Median: 1.2
vs ARLP: 1.91
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.
Alliance Resource Partners LP's adjusted book value per share data for the three months ended in Jun. 2026 was $13.885. 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 $14.05 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Alliance Resource Partners LP (NAS:ARLP) 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.
Alliance Resource Partners LP Cyclically Adjusted PB Ratio Related Terms
Alliance Resource Partners LP Cyclically Adjusted PB Ratio Historical Data
* 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.
Alliance Resource Partners LP Cyclically Adjusted PB Ratio Chart
ARLP vs BTU, CNR, NRP: Cyclically Adjusted PB Ratio Comparison
For the Thermal Coal subindustry, Alliance Resource Partners LP'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.
Alliance Resource Partners LP Cyclically Adjusted PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Alliance Resource Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Alliance Resource Partners LP's Cyclically Adjusted PB Ratio falls into.
Alliance Resource Partners LP 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.
* 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.
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 1.84 mean?
Alliance Resource Partners LP (ARLP) has a Cyclically Adjusted PB Ratio of 1.84 as of Sep. 18, 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 Alliance Resource Partners LP and its competitors. This is near median its historical median of 1.69. Over the past decade, Alliance Resource Partners LP's Cyclically Adjusted PB Ratio has ranged from 0.23 to 2.96. According to the industry distribution chart, Alliance Resource Partners LP ranks #84 out of 134 companies in the Other Energy Sources industry, placing it in the top 62.7%.
Is Alliance Resource Partners LP's Cyclically Adjusted PB Ratio too high?
Alliance Resource Partners LP's current Cyclically Adjusted PB Ratio of 1.84 is near median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 2.96. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.20. Alliance Resource Partners LP's value of 1.84 is 53.3% above this industry median. Based on the distribution chart, Alliance Resource Partners LP ranks #84 out of 134 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Alliance Resource Partners LP has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alliance Resource Partners LP's Cyclically Adjusted PB Ratio compare to BTU and CNR?
According to the Other Energy Sources industry distribution chart, Alliance Resource Partners LP ranks #84 out of 134 companies for Cyclically Adjusted PB Ratio. This places Alliance Resource Partners LP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Alliance Resource Partners LP's value of 1.84 is 53.3% above this benchmark. Historically, Alliance Resource Partners LP's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 2.96 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.20, Alliance Resource Partners LP 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.20, based on 134 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. Alliance Resource Partners LP's current Cyclically Adjusted PB Ratio of 1.84 is 53.3% 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 Alliance Resource Partners LP and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliance Resource Partners LP's current Cyclically Adjusted PB Ratio is 1.84, which is near median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliance Resource Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Alliance Resource Partners LP (ARLP) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.92, compared to a current price of $25.91 — trading 13% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is near median its 10-year median of 1.69 and 53.3% above the Other Energy Sources industry median of 1.20. Alliance Resource Partners LP's overall GF Score™ is 83/100 with 8 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 Alliance Resource Partners LP (ARLP), the current Cyclically Adjusted PB Ratio is 1.84 as of Sep. 18, 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 Alliance Resource Partners LP (ARLP) Overvalued in 2026?
Based on GuruFocus' analysis, Alliance Resource Partners LP stock appears to be overvalued.
The current stock price of $25.91 is trading 13% above its estimated GF Value™ of $22.92.
GuruFocus considers Alliance Resource Partners LP to be Modestly Overvalued.
Key valuation signals for ARLP:
Cyclically Adjusted PB Ratio: 1.84 (near median its 10-year median of 1.69)
GF Value™: $22.92 vs. price of $25.91 (13% above fair value)
Industry Position: 53.3% above the Other Energy Sources median (#84 of 134)
No single metric tells the full story. See the ARLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments: Illinois Basin, Appalachia, Oil & Gas Royalties, and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex, and the MC Mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II, and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties have included coal mineral reserves and resources owned or leased by Alliance Resource Properties.
83GF Score
Get the complete analysis for ARLP
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ARLP has been successfully added to your 
