Alibaba Group Holding (BKK:BABA19) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:BABA19 Alibaba Group Holding Ltd BKK:BABA19
66 GF Score
Price ฿2.10
GF Value ฿2.00
Valuation Fairly Valued
! 5 Warning Signs
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What is Alibaba Group Holding Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alibaba Group Holding  (BKK:BABA19) 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.


Alibaba Group Holding Cyclically Adjusted PB Ratio Related Terms


Alibaba Group Holding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding Cyclically Adjusted PB Ratio Chart

Alibaba Group Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.33 3.26 2.06 3.27 2.73

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 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 3.27 2.73 4.16 3.30 2.73

BKK:BABA19 vs PDD, MELI, DASH: Cyclically Adjusted PB Ratio 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.


BKK:BABA19
66GF Score
Alibaba Group Holding Ltd BKK:BABA19
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alibaba Group Holding 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.

Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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)
=267.278/121.4731*121.4731
=267.278

Current CPI (Mar. 2026) = 121.4731.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201606 60.278 101.686 72.008
201609 64.120 102.565 75.941
201612 67.375 103.225 79.286
201703 69.700 103.335 81.935
201706 73.693 103.664 86.353
201709 79.178 103.994 92.486
201712 84.142 104.984 97.358
201803 87.967 105.973 100.834
201806 96.000 106.193 109.814
201809 96.801 106.852 110.046
201812 105.812 107.622 119.430
201903 112.458 108.172 126.287
201906 112.791 109.601 125.009
201909 124.099 110.260 136.719
201912 149.270 110.700 163.797
202003 160.681 110.920 175.969
202006 164.363 110.590 180.538
202009 182.377 107.512 206.060
202012 198.638 109.711 219.935
202103 204.340 111.579 222.459
202106 219.537 111.360 239.475
202109 227.607 109.051 253.534
202112 238.776 112.349 258.168
202203 232.696 113.558 248.915
202206 237.178 113.448 253.955
202209 236.330 113.778 252.314
202212 235.126 114.548 249.342
202303 241.140 115.427 253.771
202306 242.192 115.647 254.394
202309 249.809 116.087 261.401
202312 247.552 117.296 256.368
202403 252.960 117.735 260.991
202406 249.501 117.296 258.387
202409 233.980 118.615 239.618
202412 246.489 118.945 251.729
202503 247.668 119.384 252.001
202506 240.995 119.055 245.891
202509 242.713 119.934 245.828
202512 244.032 120.704 245.588
202603 267.278 121.473 267.278

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.

Is Alibaba Group Holding (BKK:BABA19) Overvalued in 2026?

Based on GuruFocus' analysis, Alibaba Group Holding stock appears to be overvalued. The current stock price of ฿2.10 is trading 5% above its estimated GF Value™ of ฿2.00. GuruFocus considers Alibaba Group Holding to be Fairly Valued.

Key valuation signals for BKK:BABA19:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿2.00 vs. price of ฿2.10 (5% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the BKK:BABA19 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.
66GF Score

Get the complete analysis for BKK:BABA19

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

฿2.10
Price
฿2.00
GF Value