GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Bank KSC (KUW:GBK) » Definitions » Cyclically Adjusted PB Ratio

Gulf Bank KSC (KUW:GBK) Cyclically Adjusted PB Ratio : 1.22 (As of May. 28, 2024)


View and export this data going back to 1984. Start your Free Trial

What is Gulf Bank KSC Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Gulf Bank KSC's current share price is KWD0.257. Gulf Bank KSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KWD0.21. Gulf Bank KSC's Cyclically Adjusted PB Ratio for today is 1.22.

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

KUW:GBK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 1.26   Max: 1.78
Current: 1.21

During the past years, Gulf Bank KSC's highest Cyclically Adjusted PB Ratio was 1.78. The lowest was 1.00. And the median was 1.26.

KUW:GBK's Cyclically Adjusted PB Ratio is ranked worse than
68.73% of 1193 companies
in the Banks industry
Industry Median: 0.92 vs KUW:GBK: 1.21

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.

Gulf Bank KSC's adjusted book value per share data for the three months ended in Mar. 2024 was KWD0.197. 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 KWD0.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Bank KSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gulf Bank KSC'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.

Gulf Bank KSC Cyclically Adjusted PB Ratio Chart

Gulf Bank KSC 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 - 1.09 1.28 1.41 1.27

Gulf Bank KSC 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 1.32 1.21 1.19 1.27 1.31

Competitive Comparison of Gulf Bank KSC's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Gulf Bank KSC'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.


Gulf Bank KSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Gulf Bank KSC 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.

Gulf Bank KSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.257/0.21
=1.22

* 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.

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

For example, Gulf Bank KSC'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)
=0.197/131.7762*131.7762
=0.197

Current CPI (Mar. 2024) = 131.7762.

Gulf Bank KSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.146 100.560 0.191
201409 0.150 100.428 0.197
201412 0.151 99.070 0.201
201503 0.154 99.621 0.204
201506 0.156 100.684 0.204
201509 0.157 100.392 0.206
201512 0.160 99.792 0.211
201603 0.160 100.470 0.210
201606 0.163 101.688 0.211
201609 0.167 101.861 0.216
201612 0.170 101.863 0.220
201703 0.167 102.862 0.214
201706 0.171 103.349 0.218
201709 0.176 104.136 0.223
201712 0.178 104.011 0.226
201803 0.174 105.290 0.218
201806 0.178 106.317 0.221
201809 0.183 106.507 0.226
201812 0.187 105.998 0.232
201903 0.183 107.251 0.225
201906 0.186 108.070 0.227
201909 0.190 108.329 0.231
201912 0.198 108.420 0.241
202003 0.190 108.902 0.230
202006 0.178 108.767 0.216
202009 0.180 109.815 0.216
202012 0.184 109.897 0.221
202103 0.183 111.754 0.216
202106 0.184 114.631 0.212
202109 0.188 115.734 0.214
202112 0.191 117.630 0.214
202203 0.190 121.301 0.206
202206 0.194 125.017 0.204
202209 0.200 125.227 0.210
202212 0.204 125.222 0.215
202303 0.200 127.348 0.207
202306 0.205 128.729 0.210
202309 0.210 129.860 0.213
202312 0.215 129.419 0.219
202403 0.197 131.776 0.197

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.


Gulf Bank KSC  (KUW:GBK) 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.


Gulf Bank KSC Cyclically Adjusted PB Ratio Related Terms

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


Gulf Bank KSC (KUW:GBK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Mubarak Al Kabir Street, P. O. Box 3200, Safat, Kuwait, KWT, 13032
Gulf Bank KSC is predominantly a Kuwait-based banking service company. The bank's business activities are mapped into two business lines which are Commercial Banking, Treasury & Investments. Commercial Banking engages in the acceptance of deposits from individuals, corporate and institutional customers, and providing consumer loans, overdrafts, credit card facilities, and funds transfer facilities to individuals; and other credit facilities to corporate and institutional customers. The Treasury & Investments segment provides money market, trading, and treasury services, as well as the management of the Bank's funding operations by use of Kuwait Government treasury bonds, government securities, placements, and acceptances with other banks.

Gulf Bank KSC (KUW:GBK) Headlines

No Headlines