Alibaba Group Holding (BKK:BABA19) Cyclically Adjusted PS Ratio: (As of Aug. 09, 2026)

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.

BKK:BABA19 Alibaba Group Holding Ltd BKK:BABA19
66 GF Score
Price ฿2.10
GF Value ฿2.00
Valuation Fairly Valued
! 5 Warning Signs
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What is Alibaba Group Holding Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alibaba Group Holding  (BKK:BABA19) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Alibaba Group Holding Cyclically Adjusted PS Ratio Related Terms


Alibaba Group Holding Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alibaba Group Holding's Cyclically Adjusted PS 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 PS Ratio Chart

Alibaba Group Holding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.34 4.35 2.52 3.86 3.12

Alibaba Group Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 3.86 3.20 4.83 3.79 3.12

BKK:BABA19 vs PDD, MELI, DASH: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Alibaba Group Holding's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Retail - Cyclical Industry

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

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


BKK:BABA19
66GF Score
Alibaba Group Holding Ltd BKK:BABA19
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alibaba Group Holding Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

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

For example, Alibaba Group Holding's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=58.972/121.4731*121.4731
=58.972

Current CPI (Mar. 2026) = 121.4731.

Alibaba Group Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.377 101.686 10.007
201609 8.694 102.565 10.297
201612 13.385 103.225 15.751
201703 9.437 103.335 11.093
201706 12.053 103.664 14.124
201709 13.333 103.994 15.574
201712 19.634 104.984 22.718
201803 14.622 105.973 16.761
201806 19.348 106.193 22.132
201809 19.248 106.852 21.882
201812 26.646 107.622 30.075
201903 21.051 108.172 23.640
201906 24.587 109.601 27.250
201909 24.238 110.260 26.703
201912 32.492 110.700 35.654
202003 23.947 110.920 26.225
202006 30.837 110.590 33.872
202009 32.523 107.512 36.746
202012 46.182 109.711 51.133
202103 40.249 111.579 43.818
202106 45.687 111.360 49.836
202109 47.210 109.051 52.588
202112 58.859 112.349 63.639
202203 49.497 113.558 52.947
202206 50.143 113.448 53.690
202209 51.691 113.778 55.187
202212 59.084 114.548 62.656
202303 49.856 115.427 52.468
202306 55.390 115.647 58.181
202309 53.850 116.087 56.349
202312 62.767 117.296 65.002
202403 55.433 117.735 57.193
202406 62.812 117.296 65.049
202409 57.523 118.615 58.909
202412 68.427 118.945 69.882
202503 57.509 119.384 58.515
202506 58.709 119.055 59.902
202509 58.008 119.934 58.752
202512 66.130 120.704 66.552
202603 58.972 121.473 58.972

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Alibaba Group Holding (BKK:BABA19) Overvalued in 2026?

Based on GuruFocus' analysis, Alibaba Group Holding stock appears to be overvalued. The current stock price of ฿2.10 is trading 5% above its estimated GF Value™ of ฿2.00. GuruFocus considers Alibaba Group Holding to be Fairly Valued.

Key valuation signals for BKK:BABA19:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿2.00 vs. price of ฿2.10 (5% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the BKK:BABA19 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.
66GF Score

Get the complete analysis for BKK:BABA19

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

฿2.10
Price
฿2.00
GF Value