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Alarko Holding AS (IST:ALARK) Cyclically Adjusted PB Ratio : 9.62 (As of May. 26, 2024)


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What is Alarko Holding AS Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Alarko Holding AS's current share price is ₺120.60. Alarko Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺12.53. Alarko Holding AS's Cyclically Adjusted PB Ratio for today is 9.62.

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

IST:ALARK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 3.08   Max: 17.68
Current: 9.62

During the past years, Alarko Holding AS's highest Cyclically Adjusted PB Ratio was 17.68. The lowest was 0.74. And the median was 3.08.

IST:ALARK's Cyclically Adjusted PB Ratio is ranked worse than
96.54% of 433 companies
in the Conglomerates industry
Industry Median: 0.97 vs IST:ALARK: 9.62

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.

Alarko Holding AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺94.353. 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 ₺12.53 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alarko Holding AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alarko Holding AS'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.

Alarko Holding AS Cyclically Adjusted PB Ratio Chart

Alarko Holding AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 2.90 3.46 12.00 7.23

Alarko Holding AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.00 8.28 8.42 12.02 7.23

Competitive Comparison of Alarko Holding AS's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Alarko Holding AS'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.


Alarko Holding AS's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Alarko Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alarko Holding AS 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.

Alarko Holding AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=120.60/12.53
=9.62

* 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.

Alarko Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Alarko Holding AS's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=94.353/129.4194*129.4194
=94.353

Current CPI (Dec. 2023) = 129.4194.

Alarko Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.767 99.695 3.592
201406 2.725 100.560 3.507
201409 2.714 100.428 3.497
201412 2.695 99.070 3.521
201503 2.688 99.621 3.492
201506 2.626 100.684 3.375
201509 2.585 100.392 3.332
201512 2.414 99.792 3.131
201603 2.717 100.470 3.500
201606 2.572 101.688 3.273
201609 2.696 101.861 3.425
201612 2.855 101.863 3.627
201703 2.661 102.862 3.348
201706 2.637 103.349 3.302
201709 2.830 104.136 3.517
201712 3.272 104.011 4.071
201803 2.885 105.290 3.546
201806 2.824 106.317 3.438
201809 1.974 106.507 2.399
201812 2.698 105.998 3.294
201903 2.530 107.251 3.053
201906 2.782 108.070 3.332
201909 3.354 108.329 4.007
201912 3.466 108.420 4.137
202003 3.500 108.902 4.159
202006 3.766 108.767 4.481
202009 4.130 109.815 4.867
202012 5.298 109.897 6.239
202103 5.456 111.754 6.318
202106 5.505 114.631 6.215
202109 6.346 115.734 7.096
202112 8.495 117.630 9.346
202203 10.726 121.301 11.444
202206 15.850 125.017 16.408
202209 25.673 125.227 26.533
202212 80.558 125.222 83.258
202303 38.457 127.348 39.083
202306 44.905 128.729 45.146
202309 53.901 129.860 53.718
202312 94.353 129.419 94.353

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.


Alarko Holding AS  (IST:ALARK) 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.


Alarko Holding AS Cyclically Adjusted PB Ratio Related Terms

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


Alarko Holding AS (IST:ALARK) Business Description

Traded in Other Exchanges
N/A
Address
Muallim Naci Caddesi No. 69, Ortakoy, Istanbul, TUR, 34347
Alarko Holding AS is a holding company consisting of companies that operate in contracting, construction, land development, industry, trade, tourism, and energy. The company's segments include holding, tourism, industry and merchandising, energy, contracting/land development. Its contracting group operates as a general contractor in Turkey and abroad and carries out airport and rail system projects, large scale infrastructure works, constructions of industrial plants, hospitals, and other such projects. The majority of the revenue is derived from the contracting and land development segment.

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