Alpine Select AG (CHIX:ALPNZ) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

CHIX:ALPNZ Alpine Select AG CHIX:ALPNZ
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What is Alpine Select AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpine Select AG  (CHIX:ALPNz) 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.


Alpine Select AG Cyclically Adjusted PB Ratio Related Terms


Alpine Select AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alpine Select AG'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.

Alpine Select AG Cyclically Adjusted PB Ratio Chart

Alpine Select AG 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 0.83 0.82 0.44 0.47 0.50

Alpine Select AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.44 0.47 0.47 0.50 0.50

CHIX:ALPNZ vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Alpine Select AG'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.


Alpine Select AG Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Alpine Select AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:ALPNZ
30GF Score
Alpine Select AG CHIX:ALPNZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alpine Select AG 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.

Alpine Select AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Alpine Select AG's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=9.084/107.2000*107.2000
=9.084

Current CPI (Dec25) = 107.2000.

Alpine Select AG Annual Data

Book Value per Share CPI Adj_Book
201612 16.334 99.380 17.619
201712 16.225 100.213 17.356
201812 14.912 100.906 15.842
201912 16.085 101.063 17.062
202012 14.768 100.241 15.793
202112 16.837 101.776 17.734
202212 12.374 104.666 12.674
202312 7.949 106.461 8.004
202412 7.858 107.128 7.863
202512 9.084 107.200 9.084

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.


Alpine Select AG Business Description

Other Exchanges ALPN:Switzerland
Address Gotthardstrasse 31, Zug, CHE, CH-6300
Alpine Select AG is an investment company to obtains capital appreciation from investments in core investment strategies: discount-risk-arbitrage, tactical exploitation of under-researched companies/situations, short-term opportunities, liquid hedge funds, and digital assets.
30GF 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.

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