Alupar Investimento (BSP:ALUP11) Cyclically Adjusted PB Ratio: (As of Jul. 28, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

BSP:ALUP11 Alupar Investimento SA BSP:ALUP11
63 GF Score
Price R$33.20
! 3 Warning Signs
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What is Alupar Investimento 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


Alupar Investimento  (BSP:ALUP11) 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.


Alupar Investimento Cyclically Adjusted PB Ratio Related Terms


Alupar Investimento Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alupar Investimento'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.

Alupar Investimento Cyclically Adjusted PB Ratio Chart

Alupar Investimento 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 1.14 1.39 1.54 1.27 1.60

Alupar Investimento 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 1.37 1.54 1.57 1.60 1.72

Alupar Investimento Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Alupar Investimento'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.


Alupar Investimento Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alupar Investimento's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:ALUP11
63GF Score
Alupar Investimento SA BSP:ALUP11
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alupar Investimento 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.

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

For example, Alupar Investimento'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)
=10.564/175.0655*175.0655
=10.564

Current CPI (Mar. 2026) = 175.0655.

Alupar Investimento Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.915 108.851 6.297
201609 3.913 109.986 6.228
201612 3.861 110.802 6.100
201703 3.941 111.869 6.167
201706 4.363 112.115 6.813
201709 4.485 112.777 6.962
201712 4.418 114.068 6.781
201803 4.492 114.868 6.846
201806 4.608 117.038 6.893
201809 4.732 117.881 7.027
201812 4.923 118.340 7.283
201903 5.381 120.124 7.842
201906 5.507 120.977 7.969
201909 5.761 121.292 8.315
201912 5.690 123.436 8.070
202003 5.922 124.092 8.355
202006 6.042 123.557 8.561
202009 6.258 125.095 8.758
202012 6.541 129.012 8.876
202103 6.929 131.660 9.213
202106 7.249 133.871 9.480
202109 7.512 137.913 9.536
202112 7.452 141.992 9.188
202203 8.058 146.537 9.627
202206 8.284 149.784 9.682
202209 8.177 147.800 9.685
202212 7.915 150.207 9.225
202303 8.171 153.352 9.328
202306 8.491 154.519 9.620
202309 8.579 155.464 9.661
202312 8.367 157.148 9.321
202403 8.670 159.372 9.524
202406 8.889 161.052 9.662
202409 9.230 162.342 9.953
202412 9.373 164.740 9.960
202503 9.690 168.102 10.091
202506 9.749 169.670 10.059
202509 10.237 170.739 10.496
202512 10.424 171.765 10.624
202603 10.564 175.066 10.564

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.


Alupar Investimento Business Description

Other Exchanges ALUP4:BrazilALUP3:Brazil
Address Rua Gomes de, Carvalho, 1996, 16 floor, Suite 161, Room A, Sao Paulo, SP, BRA, 4547-006
Alupar Investimento SA is an investment in other entities operating in the energy and infrastructure industries, in Brazil and abroad. It has two segments Transmission segment and the Generation segment. Its sources of revenue include energy transmission revenue, infrastructure revenue, revenue from the remuneration of concession assets, and revenue from energy supply. The majority of revenue comes from the remuneration of concession assets. It generates the vast majority of its revenue in Brazil.
63GF Score

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

R$33.20
Price