Al Waha Capital PJSC (ADX:WAHA) Cyclically Adjusted Book per Share: د.إ2.21 (As of Mar. 2026)


ADX:WAHA Al Waha Capital PJSC ADX:WAHA
62 GF Score
Price د.إ1.87
GF Value د.إ2.51
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Al Waha Capital PJSC Cyclically Adjusted Book per Share?

Al Waha Capital PJSC ADX:WAHA -0.53% 62 Cyclically Adjusted Book per Share is د.إ2.21 as of Mar. 2026. GuruFocus rates ADX:WAHA with a GF Score™ of 62/100 and a GF Value™ of د.إ2.51 (Modestly Undervalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Al Waha Capital PJSC's adjusted book value per share for the three months ended in Mar. 2026 was د.إ2.491. 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.إ2.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Al Waha Capital PJSC's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Al Waha Capital PJSC was 7.60% per year. The lowest was 2.20% per year. And the median was 5.00% per year.

As of today (2026-07-04), Al Waha Capital PJSC's current stock price is د.إ1.87. Al Waha Capital PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ2.21. Al Waha Capital PJSC's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Al Waha Capital PJSC was 1.38. The lowest was 0.30. And the median was 0.73.


Al Waha Capital PJSC  (ADX:WAHA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Al Waha Capital PJSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.87/2.21
=0.85

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Al Waha Capital PJSC was 1.38. The lowest was 0.30. And the median was 0.73.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Al Waha Capital PJSC Cyclically Adjusted Book per Share Related Terms


Al Waha Capital PJSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Al Waha Capital PJSC's Cyclically Adjusted Book per Share 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.

Al Waha Capital PJSC Cyclically Adjusted Book per Share Chart

Al Waha Capital PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.88 2.04 2.14 2.17 2.18

Al Waha Capital PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 2.18 2.20 2.19 2.18 2.21

ADX:WAHA vs BLK, BX, KKR: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, Al Waha Capital PJSC'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.


Al Waha Capital PJSC Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Al Waha Capital PJSC's Cyclically Adjusted PB Ratio falls into.


ADX:WAHA
62GF Score
Al Waha Capital PJSC ADX:WAHA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Waha Capital PJSC Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Al Waha Capital PJSC's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.491/330.2130*330.2130
=2.491

Current CPI (Mar. 2026) = 330.2130.

Al Waha Capital PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.308 241.018 3.162
201609 2.172 241.428 2.971
201612 2.055 241.432 2.811
201703 1.758 243.801 2.381
201706 1.786 244.955 2.408
201709 1.732 246.819 2.317
201712 1.795 246.524 2.404
201803 1.756 249.554 2.324
201806 1.757 251.989 2.302
201809 1.799 252.439 2.353
201812 1.900 251.233 2.497
201903 1.703 254.202 2.212
201906 1.628 256.143 2.099
201909 1.532 256.759 1.970
201912 1.493 256.974 1.919
202003 1.337 258.115 1.710
202006 1.479 257.797 1.894
202009 1.524 260.280 1.933
202012 1.609 260.474 2.040
202103 1.610 264.877 2.007
202106 1.691 271.696 2.055
202109 1.708 274.310 2.056
202112 1.758 278.802 2.082
202203 1.762 287.504 2.024
202206 1.731 296.311 1.929
202209 1.783 296.808 1.984
202212 1.864 296.797 2.074
202303 1.822 301.836 1.993
202306 1.871 305.109 2.025
202309 1.918 307.789 2.058
202312 2.015 306.746 2.169
202403 1.995 312.332 2.109
202406 2.077 314.175 2.183
202409 2.092 315.301 2.191
202412 2.122 315.605 2.220
202503 2.065 319.799 2.132
202506 2.132 322.561 2.183
202509 2.201 324.800 2.238
202512 2.560 324.054 2.609
202603 2.491 330.213 2.491

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of د.إ2.21 mean?
Al Waha Capital PJSC (ADX:WAHA) has a Cyclically Adjusted Book per Share of د.إ2.21 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Al Waha Capital PJSC and its competitors.
Is Al Waha Capital PJSC's Cyclically Adjusted Book per Share too high?
Al Waha Capital PJSC's current Cyclically Adjusted Book per Share is د.إ2.21. Overall, Al Waha Capital PJSC has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Waha Capital PJSC's Cyclically Adjusted Book per Share compare to BLK and BX?
Al Waha Capital PJSC's Cyclically Adjusted Book per Share of د.إ2.21 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Al Waha Capital PJSC and its competitors. Al Waha Capital PJSC's current Cyclically Adjusted Book per Share is د.إ2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Waha Capital PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Waha Capital PJSC (ADX:WAHA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.51, compared to a current price of د.إ1.87 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is د.إ2.21. Al Waha Capital PJSC's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Al Waha Capital PJSC (ADX:WAHA), the current Cyclically Adjusted Book per Share is د.إ2.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Al Waha Capital PJSC (ADX:WAHA) Overvalued in 2026?

Based on GuruFocus' analysis, Al Waha Capital PJSC stock appears to be undervalued. The current stock price of د.إ1.87 is trading 25.5% below its estimated GF Value™ of د.إ2.51. GuruFocus considers Al Waha Capital PJSC to be Modestly Undervalued.

Key valuation signals for ADX:WAHA:

  • Cyclically Adjusted Book per Share: د.إ2.21
  • GF Value™: د.إ2.51 vs. price of د.إ1.87 (25.5% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the ADX:WAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Waha Capital PJSC Business Description

Address PO Box 28922, 17th Floor, Al Khatem Tower ADGM, al maryah island, Abu Dhabi, ARE
Al Waha Capital PJSC is engaged in investment management activities carried out directly. The Company's objective is to generate returns from capital appreciation and investment income by investing in a diversified portfolio across public markets, industrial real estate, investments in infrastructure, healthcare, fintech and oil and gas. It has four segments Waha Land, Public Markets, Corporate, and Private Investment. The company generates majority of revenue from Private Investment. The Private Investments segment holds all of the Group's proprietary investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Its funds are Waha Emerging Markets Credit Fund, Waha MENA Equity Fund, and Waha Islamic Income Fund.
62GF Score

Get the complete analysis for ADX:WAHA

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

د.إ1.87
Price
د.إ2.51
GF Value