BMMI BSC (BAH:BMMI) Cyclically Adjusted Book per Share: BHD0.54 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:BMMI BMMI BSC BAH:BMMI
65 GF Score
Price BHD0.54
GF Value BHD0.49
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is BMMI BSC Cyclically Adjusted Book per Share?

BMMI BSC BAH:BMMI 65 Cyclically Adjusted Book per Share is BHD0.54 as of Dec. 2025. GuruFocus rates BAH:BMMI with a GF Score™ of 65/100 and a GF Value™ of BHD0.49 (Fairly Valued). 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.

BMMI BSC's adjusted book value per share for the three months ended in Dec. 2025 was BHD0.503. 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 BHD0.54 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 BMMI BSC was 6.40% per year. The lowest was 1.30% per year. And the median was 3.30% per year.

As of today (2026-07-14), BMMI BSC's current stock price is BHD0.54. BMMI BSC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was BHD0.54. BMMI BSC's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BMMI BSC was 1.84. The lowest was 0.68. And the median was 1.27.


BMMI BSC  (BAH:BMMI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.54/0.54
=1.00

* 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 BMMI BSC was 1.84. The lowest was 0.68. And the median was 1.27.


Be Aware

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


BMMI BSC Cyclically Adjusted Book per Share Related Terms


BMMI BSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for BMMI 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.

BMMI BSC Cyclically Adjusted Book per Share Chart

BMMI 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 0.49 0.52 0.53 0.54 0.54

BMMI BSC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.54 0.55 0.55 0.55 0.54

BAH:BMMI vs KR, SFM: Cyclically Adjusted Book per Share Comparison

For the Grocery Stores subindustry, BMMI 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.


BMMI BSC Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, BMMI BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BAH:BMMI
65GF Score
BMMI BSC BAH:BMMI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BMMI 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, BMMI BSC's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.503/324.0540*324.0540
=0.503

Current CPI (Dec. 2025) = 324.0540.

BMMI BSC Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.427 238.132 0.581
201606 0.439 241.018 0.590
201609 0.438 241.428 0.588
201612 0.454 241.432 0.609
201703 0.439 243.801 0.584
201706 0.452 244.955 0.598
201709 0.449 246.819 0.590
201712 0.468 246.524 0.615
201803 0.437 249.554 0.567
201806 0.444 251.989 0.571
201809 0.440 252.439 0.565
201812 0.465 251.233 0.600
201903 0.452 254.202 0.576
201906 0.464 256.143 0.587
201909 0.464 256.759 0.586
201912 0.489 256.974 0.617
202003 0.000 258.115 0.000
202006 0.465 257.797 0.585
202009 0.472 260.280 0.588
202012 0.477 260.474 0.593
202103 0.456 264.877 0.558
202106 0.452 271.696 0.539
202109 0.454 274.310 0.536
202112 0.467 278.802 0.543
202203 0.451 287.504 0.508
202206 0.460 296.311 0.503
202209 0.471 296.808 0.514
202212 0.476 296.797 0.520
202303 0.456 301.836 0.490
202306 0.467 305.109 0.496
202309 0.464 307.789 0.489
202312 0.474 306.746 0.501
202403 0.452 312.332 0.469
202406 0.466 314.175 0.481
202409 0.476 315.301 0.489
202412 0.483 315.605 0.496
202503 0.456 319.799 0.462
202506 0.474 322.561 0.476
202509 0.487 324.800 0.486
202512 0.503 324.054 0.503

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 BHD0.54 mean?
BMMI BSC (BAH:BMMI) has a Cyclically Adjusted Book per Share of BHD0.54 as of Dec. 2025. 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 BMMI BSC and its competitors.
Is BMMI BSC's Cyclically Adjusted Book per Share too high?
BMMI BSC's current Cyclically Adjusted Book per Share is BHD0.54. Overall, BMMI BSC has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BMMI BSC's Cyclically Adjusted Book per Share compare to KR and SFM?
BMMI BSC's Cyclically Adjusted Book per Share of BHD0.54 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Cyclically Adjusted Book per Share depends on the Retail - Defensive 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 BMMI BSC and its competitors. BMMI BSC's current Cyclically Adjusted Book per Share is BHD0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BMMI BSC stock overvalued right now?
Based on GuruFocus' analysis, BMMI BSC (BAH:BMMI) is currently considered Fairly Valued. The stock's GF Value™ is BHD0.49, compared to a current price of BHD0.54 — trading 10.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is BHD0.54. BMMI BSC's overall GF Score™ is 65/100 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 BMMI BSC (BAH:BMMI), the current Cyclically Adjusted Book per Share is BHD0.54 as of Dec. 2025. 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 BMMI BSC (BAH:BMMI) Overvalued in 2026?

Based on GuruFocus' analysis, BMMI BSC stock appears to be overvalued. The current stock price of BHD0.54 is trading 10.2% above its estimated GF Value™ of BHD0.49. GuruFocus considers BMMI BSC to be Fairly Valued.

Key valuation signals for BAH:BMMI:

  • Cyclically Adjusted Book per Share: BHD0.54
  • GF Value™: BHD0.49 vs. price of BHD0.54 (10.2% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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


BMMI BSC Business Description

Address 812 Shaikh Jaber Al Ahmed Al Subah Highway, P.O. Box 828, Sitra, BHR
BMMI BSC is engaged in the wholesale and retail of food, beverages, and other consumable items, logistics, and shipping services. It also owns a hotel in the Kingdom of Bahrain. The group's operations are conducted in the Kingdom of Bahrain, Qatar, United Arab Emirates, Saudi Arabia, Iraq, America, Ghana and many other countries. It has five operating segments Retail operations, Wholesale operations, Contract service and supply, Hospitality, Investment shipping, and other activities. The company generates the majority of its revenue from Wholesale operations.
65GF Score

Get the complete analysis for BAH:BMMI

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

BHD0.54
Price
BHD0.49
GF Value