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MO (Altria Group) Cyclically Adjusted PB Ratio : 20.52 (As of May. 23, 2025)


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What is Altria Group Cyclically Adjusted PB Ratio?

As of today (2025-05-23), Altria Group's current share price is $59.30. Altria Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $2.89. Altria Group's Cyclically Adjusted PB Ratio for today is 20.52.

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

MO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.89   Med: 13.23   Max: 27.5
Current: 20.49

During the past years, Altria Group's highest Cyclically Adjusted PB Ratio was 27.50. The lowest was 7.89. And the median was 13.23.

MO's Cyclically Adjusted PB Ratio is ranked worse than
96.55% of 29 companies
in the Tobacco Products industry
Industry Median: 1.56 vs MO: 20.49

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 $-2.082. 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 $2.89 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
=59.30/2.89
=20.52

* 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)
=-2.082/134.9266*134.9266
=-2.082

Current CPI (Mar. 2025) = 134.9266.

Altria Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.416 100.684 1.898
201509 1.472 100.392 1.978
201512 1.469 99.792 1.986
201603 1.403 100.470 1.884
201606 1.607 101.688 2.132
201609 1.509 101.861 1.999
201612 6.575 101.863 8.709
201703 6.335 102.862 8.310
201706 6.465 103.349 8.440
201709 6.371 104.136 8.255
201712 8.088 104.011 10.492
201803 8.129 105.290 10.417
201806 8.374 106.317 10.627
201809 8.241 106.507 10.440
201812 7.890 105.998 10.043
201903 7.522 107.251 9.463
201906 7.743 108.070 9.667
201909 5.645 108.329 7.031
201912 3.349 108.420 4.168
202003 3.521 108.902 4.362
202006 3.061 108.767 3.797
202009 1.689 109.815 2.075
202012 1.528 109.897 1.876
202103 1.573 111.754 1.899
202106 1.765 114.631 2.077
202109 -0.689 115.734 -0.803
202112 -0.881 117.630 -1.011
202203 -0.971 121.301 -1.080
202206 -1.333 125.017 -1.439
202209 -2.359 125.227 -2.542
202212 -2.225 125.222 -2.397
202303 -2.170 127.348 -2.299
202306 -2.155 128.729 -2.259
202309 -1.925 129.860 -2.000
202312 -2.007 129.419 -2.092
202403 -2.977 131.776 -3.048
202406 -1.764 132.554 -1.796
202409 -2.044 133.029 -2.073
202412 -1.324 133.157 -1.342
202503 -2.082 134.927 -2.082

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  (NYSE:MO) 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.
Executives
Charles N. Whitaker officer: Sr. VP, Chief HR Off. & CCO 6601 WEST BROAD STREET, RICHMOND VA 23230
Clarke Ian L.t. director 6601 W BROAD ST, RICHMOND VA 23230
Robert Matthew Davis director 6601 W. BROAD STREET, RICHMOND VA 23230
Jacinto J Hernandez director 777 HIDDEN RIDGE, IRVING TX 75038
Mario Max Yzaguirre director 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Marjorie Mary Connelly director 2580 PALMER DR, KESWICK VA 22947
Ellen R Strahlman director ALTRIA GROUP, INC., 6601 W. BROAD STREET, RICHMOND VA 23230
Nabil Y Sakkab director 6601 WEST BROAD STREET, RICHMOND VA 23230
Virginia E Shanks director 4170 CAUGHLIN PARKWAY, RENO NV 89519
Casteen John T Iii director 301 S. COLLEGE STREET, 30TH FLOOR, NC0630, CHARLOTTE NC 28288-0630
Kathryn B. Mcquade director 6601 WEST BROAD STREET, RICHMOND VA 23230
Kiely W Leo Iii director
Mark Newman director 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Kelly Ennis Debra J director 4405 A INTERNATIONAL BLVD, NORCROSS GA 30093
Surgner W Hildebrandt Jr officer: VP, Corp. Sec'y & Assoc. GC 6601 WEST BROAD STREET, RICHMOND VA 23230