Aluminium Bahrain BSC (BAH:ALBH) Cyclically Adjusted Book per Share: BHD1.19 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BAH:ALBH Aluminium Bahrain BSC BAH:ALBH
88 GF Score
Price BHD0.82
GF Value BHD1.15
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Aluminium Bahrain BSC Cyclically Adjusted Book per Share?

Aluminium Bahrain BSC BAH:ALBH -0.96% 88 Cyclically Adjusted Book per Share is BHD1.19 as of Jun. 2026. GuruFocus rates BAH:ALBH with a GF Score™ of 88/100 and a GF Value™ of BHD1.15 (Modestly Undervalued). The stock has 3 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.

Aluminium Bahrain BSC's adjusted book value per share for the three months ended in Jun. 2026 was BHD1.528. 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 BHD1.19 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Aluminium Bahrain BSC's average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.40% 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 Aluminium Bahrain BSC was 10.40% per year. The lowest was 7.90% per year. And the median was 9.50% per year.

As of today (2026-09-17), Aluminium Bahrain BSC's current stock price is BHD0.822. Aluminium Bahrain BSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BHD1.19. Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aluminium Bahrain BSC was 1.95. The lowest was 0.46. And the median was 1.04.


Aluminium Bahrain BSC  (BAH:ALBH) 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.

Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.822/1.186
=0.69

* 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 Aluminium Bahrain BSC was 1.95. The lowest was 0.46. And the median was 1.04.


Be Aware

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


Aluminium Bahrain BSC Cyclically Adjusted Book per Share Related Terms


Aluminium Bahrain BSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Aluminium Bahrain BSC'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.

Aluminium Bahrain BSC Cyclically Adjusted Book per Share Chart

Aluminium Bahrain BSC 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 0.82 0.93 1.00 1.08 1.17

Aluminium Bahrain BSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.09 1.11 1.12 1.16 1.19

BAH:ALBH vs AA, CENX, CSTM: Cyclically Adjusted Book per Share Comparison

For the Aluminum subindustry, Aluminium Bahrain 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.


Aluminium Bahrain BSC Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BAH:ALBH
88GF Score
Aluminium Bahrain BSC BAH:ALBH
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aluminium Bahrain BSC 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, Aluminium Bahrain BSC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.528/333.9520*333.9520
=1.528

Current CPI (Jun. 2026) = 333.9520.

Aluminium Bahrain BSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.686 241.428 0.949
201612 0.701 241.432 0.970
201703 0.695 243.801 0.952
201706 0.707 244.955 0.964
201709 0.725 246.819 0.981
201712 0.743 246.524 1.006
201803 0.741 249.554 0.992
201806 0.762 251.989 1.010
201809 0.771 252.439 1.020
201812 0.760 251.233 1.010
201903 0.749 254.202 0.984
201906 0.746 256.143 0.973
201909 0.754 256.759 0.981
201912 0.764 256.974 0.993
202003 0.762 258.115 0.986
202006 0.749 257.797 0.970
202009 0.741 260.280 0.951
202012 0.763 260.474 0.978
202103 0.804 264.877 1.014
202106 0.869 271.696 1.068
202109 0.958 274.310 1.166
202112 1.062 278.802 1.272
202203 1.120 287.504 1.301
202206 1.251 296.311 1.410
202209 1.260 296.808 1.418
202212 1.288 296.797 1.449
202303 1.228 301.836 1.359
202306 1.251 305.109 1.369
202309 0.000 307.789 0.000
202312 1.264 306.746 1.376
202403 1.268 312.332 1.356
202406 1.315 314.175 1.398
202409 1.332 315.301 1.411
202412 1.359 315.605 1.438
202503 1.344 319.799 1.403
202506 1.359 322.561 1.407
202509 1.397 324.800 1.436
202512 1.473 324.054 1.518
202603 1.479 330.213 1.496
202606 1.528 333.952 1.528

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 BHD1.19 mean?
Aluminium Bahrain BSC (BAH:ALBH) has a Cyclically Adjusted Book per Share of BHD1.19 as of Jun. 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 Aluminium Bahrain BSC and its competitors.
Is Aluminium Bahrain BSC's Cyclically Adjusted Book per Share too high?
Aluminium Bahrain BSC's current Cyclically Adjusted Book per Share is BHD1.19. Overall, Aluminium Bahrain BSC has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aluminium Bahrain BSC's Cyclically Adjusted Book per Share compare to AA and CENX?
Aluminium Bahrain BSC's Cyclically Adjusted Book per Share of BHD1.19 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Cyclically Adjusted Book per Share depends on the Metals & Mining 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 Aluminium Bahrain BSC and its competitors. Aluminium Bahrain BSC's current Cyclically Adjusted Book per Share is BHD1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluminium Bahrain BSC stock overvalued right now?
Based on GuruFocus' analysis, Aluminium Bahrain BSC (BAH:ALBH) is currently considered Modestly Undervalued. The stock's GF Value™ is BHD1.15, compared to a current price of BHD0.82 — trading 28.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is BHD1.19. Aluminium Bahrain BSC's overall GF Score™ is 88/100 with 3 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 Aluminium Bahrain BSC (BAH:ALBH), the current Cyclically Adjusted Book per Share is BHD1.19 as of Jun. 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 Aluminium Bahrain BSC (BAH:ALBH) Overvalued in 2026?

Based on GuruFocus' analysis, Aluminium Bahrain BSC stock appears to be undervalued. The current stock price of BHD0.82 is trading 28.5% below its estimated GF Value™ of BHD1.15. GuruFocus considers Aluminium Bahrain BSC to be Modestly Undervalued.

Key valuation signals for BAH:ALBH:

  • Cyclically Adjusted Book per Share: BHD1.19
  • GF Value™: BHD1.15 vs. price of BHD0.82 (28.5% below fair value)
  • GF Score™: 88/100 with 3 warning signs

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


Aluminium Bahrain BSC Business Description

Address 94 Road, King Hamad Highway, Building 150, Block 951, P.O. Box 570, Askar, BHR
Aluminium Bahrain BSC manufactures aluminum and aluminum related products. The company owns and operates aluminum smelter where it produces Extrusion Billets, Foundry Alloy Ingots Propertzi and Standard Ingot Form, Rolling Slabs, Tee and Standard Ingots and Liquid Metal. The other products of the company are anodes, water, power, and calcined coke. Geographically, the company operates in Kingdom of Bahrain, Europe, Rest of the Middle East and North Africa, Asia and Americas.
88GF Score

Get the complete analysis for BAH:ALBH

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

BHD0.82
Price
BHD1.15
GF Value