Alibaba Group Holding (MEX:BABAN) Cyclically Adjusted PB Ratio: 1.81 (As of Sep. 17, 2026) — 41% Below 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.

MEX:BABAN Alibaba Group Holding Ltd MEX:BABAN
73 GF Score
Price MXN1,875.00
GF Value MXN2,069.83
Valuation Fairly Valued
! 3 Warning Signs
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What is Alibaba Group Holding Cyclically Adjusted PB Ratio?

Alibaba Group Holding MEX:BABAN +0.20% 73 Cyclically Adjusted PB Ratio is 1.81 as of Sep. 17, 2026, which is 41% below its 10-year median of 3.05. GuruFocus rates MEX:BABAN with a GF Score™ of 73/100 and a GF Value™ of MXN2,069.83 (Fairly Valued). The stock has 3 warning signs investors should review. Among 759 Retail - Cyclical companies, Alibaba Group Holding ranks worse than 71.01% on this metric.

As of today (2026-09-17), Alibaba Group Holding's current share price is MXN1875.00. Alibaba Group Holding's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN1,037.82. Alibaba Group Holding's Cyclically Adjusted PB Ratio for today is 1.81.

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

MEX:BABAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.96   Med: 3.05   Max: 20.35
Current: 2.32

During the past years, Alibaba Group Holding's highest Cyclically Adjusted PB Ratio was 20.35. The lowest was 1.96. And the median was 3.05.

MEX:BABAN's Cyclically Adjusted PB Ratio is ranked worse than
71.01% of 759 companies
in the Retail - Cyclical industry
Industry Median: 1.19 vs MEX:BABAN: 2.32

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.

Alibaba Group Holding's adjusted book value per share data for the three months ended in Jun. 2026 was MXN1,194.815. 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 MXN1,037.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alibaba Group Holding  (MEX:BABAN) 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.


Alibaba Group Holding Cyclically Adjusted PB Ratio Related Terms


Alibaba Group Holding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding Cyclically Adjusted PB Ratio Chart

Alibaba Group Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.75 2.62 1.45 2.86 2.13

Alibaba Group Holding 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 2.28 3.42 2.67 2.22 1.62

MEX:BABAN vs PDD, DASH, MELI: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, Alibaba Group Holding'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.


Alibaba Group Holding Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alibaba Group Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:BABAN
73GF Score
Alibaba Group Holding Ltd MEX:BABAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alibaba Group Holding 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1875.00/1037.816
=1.81

* 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.

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

For example, Alibaba Group Holding'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)
=1194.815/121.3631*121.3631
=1,194.815

Current CPI (Jun. 2026) = 121.3631.

Alibaba Group Holding Quarterly Data

Book Value per Share CPI Adj_Book
201609 345.646 102.565 408.996
201612 373.657 103.225 439.316
201703 347.030 103.335 407.575
201706 363.693 103.664 425.787
201709 393.772 103.994 459.539
201712 502.939 104.984 581.408
201803 495.882 105.973 567.898
201806 548.984 106.193 627.410
201809 529.948 106.852 601.916
201812 633.777 107.622 714.699
201903 686.674 108.172 770.414
201906 693.070 109.601 767.451
201909 768.937 110.260 846.367
201912 876.300 110.700 960.710
202003 1,082.996 110.920 1,184.962
202006 1,130.561 110.590 1,240.694
202009 1,175.574 107.512 1,327.028
202012 1,215.803 109.711 1,344.936
202103 1,247.081 111.579 1,356.431
202106 1,270.870 111.360 1,385.034
202109 1,312.834 109.051 1,461.057
202112 1,338.416 112.349 1,445.804
202203 1,274.481 113.558 1,362.078
202206 1,246.921 113.448 1,333.916
202209 1,169.354 113.778 1,247.311
202212 1,202.366 114.548 1,273.907
202303 1,150.009 115.427 1,209.152
202306 1,062.078 115.647 1,114.575
202309 1,097.098 116.087 1,146.966
202312 1,091.141 117.296 1,128.978
202403 1,051.414 117.735 1,083.810
202406 1,114.740 117.296 1,153.395
202409 1,269.844 118.615 1,299.265
202412 1,347.367 118.945 1,374.762
202503 1,331.744 119.384 1,353.817
202506 1,208.087 119.055 1,231.512
202509 1,200.982 119.934 1,215.293
202512 1,191.834 120.704 1,198.346
202603 1,266.443 121.473 1,265.296
202606 1,194.815 121.363 1,194.815

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 1.81 mean?
Alibaba Group Holding (MEX:BABAN) has a Cyclically Adjusted PB Ratio of 1.81 as of Sep. 17, 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 Alibaba Group Holding and its competitors. This is 41% below median its historical median of 3.05. Over the past decade, Alibaba Group Holding's Cyclically Adjusted PB Ratio has ranged from 1.96 to 20.35. According to the industry distribution chart, Alibaba Group Holding ranks #539 out of 759 companies in the Retail - Cyclical industry, placing it in the top 71%.
Is Alibaba Group Holding's Cyclically Adjusted PB Ratio too high?
Alibaba Group Holding's current Cyclically Adjusted PB Ratio of 1.81 is 41% below median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 20.35. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.19. Alibaba Group Holding's value of 1.81 is 52.1% above this industry median. Based on the distribution chart, Alibaba Group Holding ranks #539 out of 759 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Alibaba Group Holding has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alibaba Group Holding's Cyclically Adjusted PB Ratio compare to PDD and DASH?
According to the Retail - Cyclical industry distribution chart, Alibaba Group Holding ranks #539 out of 759 companies for Cyclically Adjusted PB Ratio. This places Alibaba Group Holding in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Alibaba Group Holding's value of 1.81 is 52.1% above this benchmark. Historically, Alibaba Group Holding's own Cyclically Adjusted PB Ratio has ranged from 1.96 to 20.35 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 1.19, Alibaba Group Holding has consistently been above 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.19, based on 759 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. Alibaba Group Holding's current Cyclically Adjusted PB Ratio of 1.81 is 52.1% above 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 Alibaba Group Holding and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alibaba Group Holding's current Cyclically Adjusted PB Ratio is 1.81, which is 41% below median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alibaba Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Alibaba Group Holding (MEX:BABAN) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,069.83, compared to a current price of MXN1,875.00 — trading 9.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.81, which is 41% below median its 10-year median of 3.05 and 52.1% above the Retail - Cyclical industry median of 1.19. Alibaba Group Holding's overall GF Score™ is 73/100 with 3 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 Alibaba Group Holding (MEX:BABAN), the current Cyclically Adjusted PB Ratio is 1.81 as of Sep. 17, 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 Alibaba Group Holding (MEX:BABAN) Overvalued in 2026?

Based on GuruFocus' analysis, Alibaba Group Holding stock appears to be undervalued. The current stock price of MXN1,875.00 is trading 9.4% below its estimated GF Value™ of MXN2,069.83. GuruFocus considers Alibaba Group Holding to be Fairly Valued.

Key valuation signals for MEX:BABAN:

  • Cyclically Adjusted PB Ratio: 1.81 (41% below median its 10-year median of 3.05)
  • GF Value™: MXN2,069.83 vs. price of MXN1,875.00 (9.4% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 52.1% above the Retail - Cyclical median (#539 of 759)

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


Alibaba Group Holding Business Description

Address 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, HKG
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China retail e-commerce platform is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China wholesale e-commerce, international retail and wholesale e-commerce, local consumer services, travel services, cloud computing, digital media and entertainment, Cainiao logistics services, and other businesses.
73GF Score

Get the complete analysis for MEX:BABAN

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

MXN1,875.00
Price
MXN2,069.83
GF Value