Alliances Developpement Immobilier (CAS:ADI) Cyclically Adjusted PB Ratio : 0.29 (As of Jun. 06, 2024)

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What is Alliances Developpement Immobilier Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Alliances Developpement Immobilier's current share price is MAD239.50. Alliances Developpement Immobilier's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was MAD813.46. Alliances Developpement Immobilier's Cyclically Adjusted PB Ratio for today is 0.29.

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

CAS:ADI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.33
Current: 0.3

During the past 13 years, Alliances Developpement Immobilier's highest Cyclically Adjusted PB Ratio was 0.33. The lowest was 0.03. And the median was 0.07.

CAS:ADI's Cyclically Adjusted PB Ratio is ranked better than
75.04% of 1382 companies
in the Real Estate industry
Industry Median: 0.705 vs CAS:ADI: 0.30

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.

Alliances Developpement Immobilier's adjusted book value per share data of for the fiscal year that ended in Dec22 was MAD144.878. 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 MAD813.46 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation

Alliances Developpement Immobilier Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alliances Developpement Immobilier'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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Alliances Developpement Immobilier Cyclically Adjusted PB Ratio Chart

Alliances Developpement Immobilier Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted PB Ratio

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0.10

0.06

0.04

0.06

Alliances Developpement Immobilier Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	0.04	-	0.06	-

Competitive Comparison of Alliances Developpement Immobilier's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Alliances Developpement Immobilier'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.

Alliances Developpement Immobilier's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alliances Developpement Immobilier's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Alliances Developpement Immobilier 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.

Alliances Developpement Immobilier's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	239.50	/	813.46
	=	0.29

Alliances Developpement Immobilier's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Alliances Developpement Immobilier's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec22 (Change)	*	Current CPI (Dec22)
	=	144.878	/	125.2218	*	125.2218
	=	144.878

Current CPI (Dec22) = 125.2218.

Alliances Developpement Immobilier Annual Data

	Book Value per Share	CPI	Adj_Book
201012	933.996	92.474	1,264.752
201112	1,178.961	95.213	1,550.534
201212	1,394.295	96.871	1,802.355
201312	1,504.549	98.326	1,916.101
201712	0.000	104.011	0.000
201812	159.975	105.998	188.988
201912	137.483	108.420	158.789
202012	131.366	109.897	149.685
202112	136.299	117.630	145.096
202212	144.878	125.222	144.878

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.

Alliances Developpement Immobilier (CAS:ADI) 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.

Alliances Developpement Immobilier Cyclically Adjusted PB Ratio Related Terms

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Alliances Developpement Immobilier (CAS:ADI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alliances Developpement Immobilier SA (CAS:ADI) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

16, Rue Ali Abderrazak, Casablanca, MAR

Website

http://www.alliances.co.ma

Alliances Developpement Immobilier SA provides real estate services. Its business activities include development, building, marketing and managing of commercial and residential assets as well as tourist property.