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Alupar Investimento (BSP:ALUP4) Cyclically Adjusted PB Ratio : 1.39 (As of Apr. 29, 2024)


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What is Alupar Investimento Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Alupar Investimento's current share price is R$9.21. Alupar Investimento's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$6.62. Alupar Investimento's Cyclically Adjusted PB Ratio for today is 1.39.

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

BSP:ALUP4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.34   Max: 1.73
Current: 1.42

During the past years, Alupar Investimento's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 1.10. And the median was 1.34.

BSP:ALUP4's Cyclically Adjusted PB Ratio is ranked worse than
59.06% of 254 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.145 vs BSP:ALUP4: 1.42

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.

Alupar Investimento's adjusted book value per share data for the three months ended in Dec. 2023 was R$7.736. 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 R$6.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alupar Investimento Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alupar Investimento'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.

Alupar Investimento Cyclically Adjusted PB Ratio Chart

Alupar Investimento 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 1.59 1.24 1.14 1.39 1.54

Alupar Investimento Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.39 1.32 1.51 1.45 1.54

Competitive Comparison of Alupar Investimento's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Alupar Investimento'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.


Alupar Investimento's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alupar Investimento's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alupar Investimento 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.

Alupar Investimento's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.21/6.62
=1.39

* 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.

Alupar Investimento's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Alupar Investimento's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.736/156.2729*156.2729
=7.736

Current CPI (Dec. 2023) = 156.2729.

Alupar Investimento Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.672 90.447 6.344
201406 3.471 91.838 5.906
201409 3.483 92.602 5.878
201412 3.408 94.194 5.654
201503 3.532 97.799 5.644
201506 3.482 100.006 5.441
201509 3.565 101.392 5.495
201512 3.487 104.247 5.227
201603 3.561 106.979 5.202
201606 3.619 108.851 5.196
201609 3.618 109.986 5.141
201612 3.570 110.802 5.035
201703 3.643 111.869 5.089
201706 4.034 112.115 5.623
201709 4.147 112.777 5.746
201712 4.085 114.068 5.596
201803 4.153 114.868 5.650
201806 4.260 117.038 5.688
201809 4.375 117.881 5.800
201812 4.552 118.340 6.011
201903 4.975 120.124 6.472
201906 5.092 120.977 6.578
201909 5.326 121.292 6.862
201912 5.261 123.436 6.661
202003 5.475 124.092 6.895
202006 5.586 123.557 7.065
202009 5.786 125.095 7.228
202012 6.047 129.012 7.325
202103 6.407 131.660 7.605
202106 6.702 133.871 7.824
202109 6.945 137.913 7.870
202112 6.890 141.992 7.583
202203 7.450 146.537 7.945
202206 7.659 149.784 7.991
202209 7.560 147.800 7.993
202212 7.318 150.207 7.614
202303 7.554 153.352 7.698
202306 7.850 154.519 7.939
202309 7.931 155.464 7.972
202312 7.736 156.273 7.736

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.


Alupar Investimento  (BSP:ALUP4) 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.


Alupar Investimento Cyclically Adjusted PB Ratio Related Terms

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


Alupar Investimento (BSP:ALUP4) Business Description

Traded in Other Exchanges
Address
Rua Gomes de, Carvalho, 1996, 16 floor, Suite 161, Room A, Sao Paulo, SP, BRA, 4547-006
Alupar Investimento SA is a Brazilian company dedicated to power generation and transmission and focuses on the development and investment in infrastructure projects related to the energy sectors. The transmission segment of the company has several electric power transmission concessions. The generation segment of the company invests in activities of small and medium generation plants including hydropower plants, solar power plants, and wind farms in Brazil, Columbia, and Peru. Sources of revenue include energy transmission revenue, infrastructure revenue, revenue from the remuneration of concession assets, and revenue from energy supply. The majority of revenue comes from the remuneration of concession assets. Alupar generates the vast majority of its revenue in Brazil.

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