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Altaba (XSGO:AABA) Cyclically Adjusted PB Ratio : (As of Jun. 10, 2024)


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What is Altaba Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Altaba Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Altaba'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.

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Altaba Cyclically Adjusted PB Ratio Chart

Altaba Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PB Ratio
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Altaba Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Dec17 Jun18 Dec18 Jun19
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Competitive Comparison of Altaba's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Altaba'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.


Altaba's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Altaba's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Altaba 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.

Altaba's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec18 is calculated as:

For example, Altaba's adjusted Book Value per Share data for the fiscal year that ended in Dec18 was:

Adj_Book=Book Value per Share/CPI of Dec18 (Change)*Current CPI (Dec18)
=61.953/105.9979*105.9979
=61.953

Current CPI (Dec18) = 105.9979.

Altaba Annual Data

Book Value per Share CPI Adj_Book
200912 8.885 91.111 10.337
201012 9.595 92.474 10.998
201112 10.539 95.213 11.733
201212 13.056 96.871 14.286
201312 12.890 98.326 13.896
201412 41.354 99.070 44.246
201512 30.706 99.792 32.615
201612 32.502 101.863 33.821
201712 65.409 104.011 66.658
201812 61.953 105.998 61.953

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.


Altaba  (XSGO:AABA) 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.


Altaba Cyclically Adjusted PB Ratio Related Terms

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Altaba (XSGO:AABA) Business Description

Traded in Other Exchanges
N/A
Address
140 East 45th Street, 15th Floor, New York, NY, USA, 10017
Altaba is a closed-end management company with holdings mostly in Yahoo Japan and Alibaba. After Yahoo sold its core business to Verizon in June 2017, the firm changed its name to Altaba and became a publicly traded investment holding company.

Altaba (XSGO:AABA) Headlines

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