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Altria Group (CHIX:PHM7D) Cyclically Adjusted PB Ratio : 19.83 (As of Jun. 24, 2025)


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What is Altria Group Cyclically Adjusted PB Ratio?

As of today (2025-06-24), Altria Group's current share price is €51.75. Altria Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €2.61. Altria Group's Cyclically Adjusted PB Ratio for today is 19.83.

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

CHIX:PHM7d' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.59   Med: 13.36   Max: 27.5
Current: 20.9

During the past years, Altria Group's highest Cyclically Adjusted PB Ratio was 27.50. The lowest was 8.59. And the median was 13.36.

CHIX:PHM7d's Cyclically Adjusted PB Ratio is ranked worse than
93.55% of 31 companies
in the Tobacco Products industry
Industry Median: 2.56 vs CHIX:PHM7d: 20.90

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.

Altria Group's adjusted book value per share data for the three months ended in Mar. 2025 was €-1.926. 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 €2.61 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Altria Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Altria Group'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.

* Premium members only.

Altria Group Cyclically Adjusted PB Ratio Chart

Altria Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.84 12.39 12.49 12.14 17.72

Altria Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 13.46 14.49 16.83 17.72 20.74

Competitive Comparison of Altria Group's Cyclically Adjusted PB Ratio

For the Tobacco subindustry, Altria Group'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.


Altria Group's Cyclically Adjusted PB Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Altria Group 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.

Altria Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.75/2.61
=19.83

* 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.

Altria Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Altria Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.926/134.9266*134.9266
=-1.926

Current CPI (Mar. 2025) = 134.9266.

Altria Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.262 100.684 1.691
201509 1.312 100.392 1.763
201512 1.349 99.792 1.824
201603 1.260 100.470 1.692
201606 1.430 101.688 1.897
201609 1.344 101.861 1.780
201612 6.233 101.863 8.256
201703 5.924 102.862 7.771
201706 5.754 103.349 7.512
201709 5.345 104.136 6.925
201712 6.834 104.011 8.865
201803 6.592 105.290 8.448
201806 7.168 106.317 9.097
201809 7.063 106.507 8.948
201812 6.936 105.998 8.829
201903 6.657 107.251 8.375
201906 6.852 108.070 8.555
201909 5.125 108.329 6.383
201912 3.014 108.420 3.751
202003 3.186 108.902 3.947
202006 2.718 108.767 3.372
202009 1.434 109.815 1.762
202012 1.256 109.897 1.542
202103 1.321 111.754 1.595
202106 1.465 114.631 1.724
202109 -0.586 115.734 -0.683
202112 -0.780 117.630 -0.895
202203 -0.882 121.301 -0.981
202206 -1.261 125.017 -1.361
202209 -2.383 125.227 -2.568
202212 -2.100 125.222 -2.263
202303 -2.027 127.348 -2.148
202306 -1.989 128.729 -2.085
202309 -1.804 129.860 -1.874
202312 -1.841 129.419 -1.919
202403 -2.739 131.776 -2.804
202406 -1.639 132.554 -1.668
202409 -1.842 133.029 -1.868
202412 -1.264 133.157 -1.281
202503 -1.926 134.927 -1.926

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.


Altria Group  (CHIX:PHM7d) 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.


Altria Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Altria Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Altria Group Business Description

Address
6601 West Broad Street, Richmond, VA, USA, 23230
Altria comprises Philip Morris USA, US Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 42% annual share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev and a 41% stake in cannabis manufacturer Cronos. It also acquired vaping company Njoy Holdings in 2023 and operates a joint venture with Japan Tobacco in the heated tobacco category.

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