Alro (BSE:ALR) Cyclically Adjusted PB Ratio: 0.80 (As of Sep. 05, 2026) — Near Median

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.

BSE:ALR Alro SA BSE:ALR
68 GF Score
Price lei1.43
GF Value lei2.01
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Alro Cyclically Adjusted PB Ratio?

Alro BSE:ALR 68 Cyclically Adjusted PB Ratio is 0.80 as of Sep. 05, 2026, which is 7% below its 10-year median of 0.86. GuruFocus rates BSE:ALR with a GF Score™ of 68/100 and a GF Value™ of lei2.01 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,500 Metals & Mining companies, Alro ranks better than 64.67% on this metric.

As of today (2026-09-05), Alro's current share price is lei1.43. Alro's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was lei1.78. Alro's Cyclically Adjusted PB Ratio for today is 0.80.

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

BSE:ALR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 0.86   Max: 1
Current: 0.81

During the past years, Alro's highest Cyclically Adjusted PB Ratio was 1.00. The lowest was 0.77. And the median was 0.86.

BSE:ALR's Cyclically Adjusted PB Ratio is ranked better than
64.67% of 1500 companies
in the Metals & Mining industry
Industry Median: 1.55 vs BSE:ALR: 0.81

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.

Alro's adjusted book value per share data for the three months ended in Jun. 2026 was lei1.490. 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 lei1.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alro  (BSE:ALR) 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.


Alro Cyclically Adjusted PB Ratio Related Terms


Alro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alro'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.

Alro Cyclically Adjusted PB Ratio Chart

Alro 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 0.00 0.00 0.88 0.88 0.86

Alro Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.86 0.88 0.86 0.81 0.80

BSE:ALR vs AA, CENX, CSTM: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Alro'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.


Alro Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


BSE:ALR
68GF Score
Alro SA BSE:ALR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alro 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.

Alro's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.43/1.78
=0.80

* 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.

Alro's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Alro's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.49/333.9520*333.9520
=1.490

Current CPI (Jun. 2026) = 333.9520.

Alro Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.208 241.018 1.674
201612 1.261 241.432 1.744
201703 0.000 243.801 0.000
201706 1.420 244.955 1.936
201709 0.000 246.819 0.000
201712 1.701 246.524 2.304
201803 1.880 249.554 2.516
201806 1.420 251.989 1.882
201809 1.515 252.439 2.004
201812 1.641 251.233 2.181
201903 1.630 254.202 2.141
201906 1.287 256.143 1.678
201909 1.149 256.759 1.494
201912 1.076 256.974 1.398
202003 0.926 258.115 1.198
202006 1.430 257.797 1.852
202009 1.451 260.280 1.862
202012 1.520 260.474 1.949
202103 1.449 264.877 1.827
202106 1.469 271.696 1.806
202109 1.510 274.310 1.838
202112 1.561 278.802 1.870
202203 1.541 287.504 1.790
202206 1.610 296.311 1.815
202209 1.448 296.808 1.629
202212 2.168 296.797 2.439
202303 2.092 301.836 2.315
202306 1.937 305.109 2.120
202309 1.644 307.789 1.784
202312 1.404 306.746 1.529
202403 1.383 312.332 1.479
202406 1.416 314.175 1.505
202409 1.582 315.301 1.676
202412 1.415 315.605 1.497
202503 1.444 319.799 1.508
202506 1.439 322.561 1.490
202509 1.418 324.800 1.458
202512 1.348 324.054 1.389
202603 1.371 330.213 1.387
202606 1.490 333.952 1.490

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 0.80 mean?
Alro (BSE:ALR) has a Cyclically Adjusted PB Ratio of 0.80 as of Sep. 05, 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 Alro and its competitors. This is near median its historical median of 0.86. Over the past decade, Alro's Cyclically Adjusted PB Ratio has ranged from 0.77 to 1.00. According to the industry distribution chart, Alro ranks #530 out of 1500 companies in the Metals & Mining industry, placing it in the top 35.3%.
Is Alro's Cyclically Adjusted PB Ratio too high?
Alro's current Cyclically Adjusted PB Ratio of 0.80 is near median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.00. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.55. Alro's value of 0.80 is 48.4% below this industry median. Based on the distribution chart, Alro ranks #530 out of 1500 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Alro has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alro's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Alro ranks #530 out of 1500 companies for Cyclically Adjusted PB Ratio. This puts Alro in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Alro's value of 0.80 is 48.4% below this benchmark. Historically, Alro's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 1.00 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.55, Alro has consistently been below 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 1.55, based on 1,500 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. Alro's current Cyclically Adjusted PB Ratio of 0.80 is 48.4% below 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 Alro and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alro's current Cyclically Adjusted PB Ratio is 0.80, which is near median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alro stock overvalued right now?
Based on GuruFocus' analysis, Alro (BSE:ALR) is currently considered Modestly Undervalued. The stock's GF Value™ is lei2.01, compared to a current price of lei1.43 — trading 28.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is near median its 10-year median of 0.86 and 48.4% below the Metals & Mining industry median of 1.55. Alro's overall GF Score™ is 68/100 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 Alro (BSE:ALR), the current Cyclically Adjusted PB Ratio is 0.80 as of Sep. 05, 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 Alro (BSE:ALR) Overvalued in 2026?

Based on GuruFocus' analysis, Alro stock appears to be undervalued. The current stock price of lei1.43 is trading 28.9% below its estimated GF Value™ of lei2.01. GuruFocus considers Alro to be Modestly Undervalued.

Key valuation signals for BSE:ALR:

  • Cyclically Adjusted PB Ratio: 0.80 (near median its 10-year median of 0.86)
  • GF Value™: lei2.01 vs. price of lei1.43 (28.9% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 48.4% below the Metals & Mining median (#530 of 1500)

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


Alro Business Description

Address 116 Pitesti Street, Olt County, Slatina, ROU, 230048
Alro SA is a vertically integrated aluminium producer in Europe. The company operates in three segments: Alumina, Primary Aluminium and Processed Aluminium. Alumina segment consists of the group's alumina production operations, which is the main raw material for aluminium smelting. This segment includes ALUM. Primary Aluminium segment manufactures primary aluminium products such as wire rod, slabs and billets and mainly includes the Anodes section, the Electrolysis section, the Casting House and the Eco Recycling Facility. Processed Aluminium segment develops flat rolled products such as plates, sheets, coils and strips, and extruded products. Geographically the company operates in Romania, Other EU countries, Other European non-EU countries, USA, and Other countries.
68GF Score

Get the complete analysis for BSE:ALR

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

lei1.43
Price
lei2.01
GF Value