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Alphabet (XKAZ:GOOG_KZ) Cyclically Adjusted PB Ratio : 11.08 (As of Dec. 14, 2024)


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What is Alphabet Cyclically Adjusted PB Ratio?

As of today (2024-12-14), Alphabet's current share price is $192.38. Alphabet's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $17.36. Alphabet's Cyclically Adjusted PB Ratio for today is 11.08.

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

XKAZ:GOOG_KZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.19   Med: 8.45   Max: 13.25
Current: 10.91

During the past years, Alphabet's highest Cyclically Adjusted PB Ratio was 13.25. The lowest was 6.19. And the median was 8.45.

XKAZ:GOOG_KZ's Cyclically Adjusted PB Ratio is ranked worse than
93.61% of 266 companies
in the Interactive Media industry
Industry Median: 1.79 vs XKAZ:GOOG_KZ: 10.91

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.

Alphabet's adjusted book value per share data for the three months ended in Sep. 2024 was $25.613. 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 $17.36 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphabet Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alphabet'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.

Alphabet Cyclically Adjusted PB Ratio Chart

Alphabet 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 7.87 8.94 12.25 6.34 8.88

Alphabet Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.48 8.88 9.17 10.76 9.54

Competitive Comparison of Alphabet's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Alphabet'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.


Alphabet's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Alphabet's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alphabet 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.

Alphabet's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=192.38/17.36
=11.08

* 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.

Alphabet's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Alphabet's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=25.613/133.0289*133.0289
=25.613

Current CPI (Sep. 2024) = 133.0289.

Alphabet Quarterly Data

Book Value per Share CPI Adj_Book
201412 7.624 99.070 10.237
201503 7.936 99.621 10.597
201506 8.154 100.684 10.773
201509 8.451 100.392 11.198
201512 8.753 99.792 11.668
201603 8.996 100.470 11.911
201606 9.310 101.688 12.179
201609 9.730 101.861 12.707
201612 10.056 101.863 13.133
201703 10.472 102.862 13.543
201706 10.701 103.349 13.774
201709 11.306 104.136 14.443
201712 10.975 104.011 14.037
201803 11.571 105.290 14.619
201806 11.639 106.317 14.563
201809 12.202 106.507 15.241
201812 12.769 105.998 16.025
201903 13.204 107.251 16.378
201906 13.846 108.070 17.044
201909 14.110 108.329 17.327
201912 14.633 108.420 17.954
202003 14.888 108.902 18.186
202006 15.217 108.767 18.611
202009 15.708 109.815 19.029
202012 16.479 109.897 19.948
202103 17.137 111.754 20.399
202106 17.792 114.631 20.647
202109 18.397 115.734 21.146
202112 19.002 117.630 21.490
202203 19.279 121.301 21.143
202206 19.530 125.017 20.782
202209 19.553 125.227 20.771
202212 19.935 125.222 21.178
202303 20.507 127.348 21.422
202306 21.153 128.729 21.860
202309 21.785 129.860 22.317
202312 22.743 129.419 23.377
202403 23.653 131.776 23.878
202406 24.408 132.554 24.495
202409 25.613 133.029 25.613

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.


Alphabet  (XKAZ:GOOG_KZ) 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.


Alphabet Cyclically Adjusted PB Ratio Related Terms

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


Alphabet Business Description

Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Alphabet Headlines

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