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Allam Bank BSC (DFM:SALAM_BAH) Cyclically Adjusted PB Ratio : 1.74 (As of Jun. 11, 2024)


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What is Allam Bank BSC Cyclically Adjusted PB Ratio?

As of today (2024-06-11), Allam Bank BSC's current share price is د.إ2.36. Allam Bank BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was د.إ1.36. Allam Bank BSC's Cyclically Adjusted PB Ratio for today is 1.74.

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

DFM:SALAM_BAH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.69   Max: 1.69
Current: 1.68

During the past years, Allam Bank BSC's highest Cyclically Adjusted PB Ratio was 1.69. The lowest was 0.54. And the median was 0.69.

DFM:SALAM_BAH's Cyclically Adjusted PB Ratio is ranked worse than
84.18% of 1195 companies
in the Banks industry
Industry Median: 0.9 vs DFM:SALAM_BAH: 1.68

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.

Allam Bank BSC's adjusted book value per share data for the three months ended in Mar. 2024 was د.إ1.415. 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 د.إ1.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Allam Bank BSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Allam Bank BSC'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.

Allam Bank BSC Cyclically Adjusted PB Ratio Chart

Allam Bank BSC 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 - - 0.66 0.66 1.37

Allam Bank BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.65 1.01 1.19 1.37 1.48

Competitive Comparison of Allam Bank BSC's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Allam Bank BSC'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.


Allam Bank BSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Allam Bank BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Allam Bank BSC 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.

Allam Bank BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.36/1.36
=1.74

* 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.

Allam Bank BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Allam Bank BSC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.415/131.7762*131.7762
=1.415

Current CPI (Mar. 2024) = 131.7762.

Allam Bank BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.588 100.560 2.081
201409 1.119 100.428 1.468
201412 1.130 99.070 1.503
201503 1.106 99.621 1.463
201506 1.120 100.684 1.466
201509 1.127 100.392 1.479
201512 1.131 99.792 1.493
201603 1.109 100.470 1.455
201606 1.123 101.688 1.455
201609 1.148 101.861 1.485
201612 1.401 101.863 1.812
201703 1.132 102.862 1.450
201706 1.148 103.349 1.464
201709 1.163 104.136 1.472
201712 1.085 104.011 1.375
201803 1.051 105.290 1.315
201806 1.065 106.317 1.320
201809 1.089 106.507 1.347
201812 1.098 105.998 1.365
201903 1.090 107.251 1.339
201906 1.113 108.070 1.357
201909 1.147 108.329 1.395
201912 1.171 108.420 1.423
202003 0.000 108.902 0.000
202006 1.065 108.767 1.290
202009 1.071 109.815 1.285
202012 1.032 109.897 1.237
202103 1.054 111.754 1.243
202106 1.080 114.631 1.242
202109 1.096 115.734 1.248
202112 1.118 117.630 1.252
202203 1.093 121.301 1.187
202206 1.086 125.017 1.145
202209 1.099 125.227 1.156
202212 1.142 125.222 1.202
202303 1.171 127.348 1.212
202306 1.193 128.729 1.221
202309 1.235 129.860 1.253
202312 1.274 129.419 1.297
202403 1.415 131.776 1.415

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.


Allam Bank BSC  (DFM:SALAM_BAH) 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.


Allam Bank BSC Cyclically Adjusted PB Ratio Related Terms

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


Allam Bank BSC (DFM:SALAM_BAH) Business Description

Traded in Other Exchanges
Address
Burj Al Khair 3, P.O.Box 18282, Manama, BHR
Al Salam Bank BSC is a banking corporation operating in Bahrain. It provides various Islamic banking products and services in the Kingdom of Bahrain. The company offers money market, trading, and treasury services, including short-term commodities, managing portfolios, and serving clients with a range of investment products, funds, and alternative investments. Besides, it also manages the un-deployed capital of the company by investing it in high-quality financial instruments. The company's reportable segments namely Banking, Treasury, Takaful and Investments. It generates maximum revenue from the Banking segment.

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