Risma (CAS:RIS) Cyclically Adjusted Book per Share: MAD115.20 (As of Dec. 2025)


CAS:RIS Risma SA CAS:RIS
79 GF Score
Price MAD334.90
GF Value MAD355.09
Valuation Fairly Valued
! 5 Warning Signs
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What is Risma Cyclically Adjusted Book per Share?

Risma CAS:RIS +0.72% 79 Cyclically Adjusted Book per Share is MAD115.20 as of Dec. 2025. GuruFocus rates CAS:RIS with a GF Score™ of 79/100 and a GF Value™ of MAD355.09 (Fairly Valued). The stock has 5 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.

Risma's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was MAD117.813. 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 MAD115.20 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Risma's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.20% 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 Risma was -0.10% per year. The lowest was -2.00% per year. And the median was -0.80% per year.

As of today (2026-06-29), Risma's current stock price is MAD 334.90. Risma's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was MAD115.20. Risma's Cyclically Adjusted PB Ratio of today is 2.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Risma was 3.84. The lowest was 0.64. And the median was 1.34.


Risma  (CAS:RIS) 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.

Risma's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=334.90/115.20
=2.91

* 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 Risma was 3.84. The lowest was 0.64. And the median was 1.34.


Be Aware

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


Risma Cyclically Adjusted Book per Share Related Terms


Risma Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Risma'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.

Risma Cyclically Adjusted Book per Share Chart

Risma 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 115.51 115.59 114.35 112.92 115.20

Risma Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 114.35 0.00 112.92 0.00 115.20

CAS:RIS vs MAR, HLT, H: Cyclically Adjusted Book per Share Comparison

For the Lodging subindustry, Risma'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.


Risma Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Risma's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CAS:RIS
79GF Score
Risma SA CAS:RIS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Risma 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, Risma's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=117.813/324.0540*324.0540
=117.813

Current CPI (Dec. 2025) = 324.0540.

Risma Annual Data

Book Value per Share CPI Adj_Book
201612 100.953 241.432 135.501
201712 94.740 246.524 124.535
201812 100.209 251.233 129.255
201912 107.748 256.974 135.874
202012 86.374 260.474 107.457
202112 74.381 278.802 86.454
202212 84.996 296.797 92.802
202312 103.206 306.746 109.029
202412 110.365 315.605 113.320
202512 117.813 324.054 117.813

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 MAD115.20 mean?
Risma (CAS:RIS) has a Cyclically Adjusted Book per Share of MAD115.20 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 Risma and its competitors.
Is Risma's Cyclically Adjusted Book per Share too high?
Risma's current Cyclically Adjusted Book per Share is MAD115.20. Overall, Risma has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Risma's Cyclically Adjusted Book per Share compare to MAR and HLT?
Risma's Cyclically Adjusted Book per Share of MAD115.20 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure 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 Risma and its competitors. Risma's current Cyclically Adjusted Book per Share is MAD115.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Risma stock overvalued right now?
Based on GuruFocus' analysis, Risma (CAS:RIS) is currently considered Fairly Valued. The stock's GF Value™ is MAD355.09, compared to a current price of MAD334.90 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is MAD115.20. Risma's overall GF Score™ is 79/100 with 5 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 Risma (CAS:RIS), the current Cyclically Adjusted Book per Share is MAD115.20 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 Risma (CAS:RIS) Overvalued in 2026?

Based on GuruFocus' analysis, Risma stock appears to be undervalued. The current stock price of MAD334.90 is trading 5.7% below its estimated GF Value™ of MAD355.09. GuruFocus considers Risma to be Fairly Valued.

Key valuation signals for CAS:RIS:

  • Cyclically Adjusted Book per Share: MAD115.20
  • GF Value™: MAD355.09 vs. price of MAD334.90 (5.7% below fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Risma Business Description

Address 97, Boulevard Massira El Khadra, 5th floor, Casablanca, MAR
Risma SA is a tourist operator in Morocco. The company engages in acquisition. construction and running of hotels and tourist facilities in Morocco.
79GF Score

Get the complete analysis for CAS:RIS

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

MAD334.90
Price
MAD355.09
GF Value