Ithmaar Holding BSC (DFM:ITHMR) Cyclically Adjusted Book per Share: د.إ0.78 (As of Mar. 2026)


DFM:ITHMR Ithmaar Holding BSC DFM:ITHMR
38 GF Score
Price د.إ0.20
GF Value د.إ0.26
Valuation Fairly Valued
! 2 Warning Signs
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What is Ithmaar Holding BSC Cyclically Adjusted Book per Share?

Ithmaar Holding BSC DFM:ITHMR -1.00% 38 Cyclically Adjusted Book per Share is د.إ0.78 as of Mar. 2026. GuruFocus rates DFM:ITHMR with a GF Score™ of 38/100 and a GF Value™ of د.إ0.26 (Fairly Valued). The stock has 2 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.

Ithmaar Holding BSC's adjusted book value per share for the three months ended in Mar. 2026 was د.إ0.017. 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.إ0.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ithmaar Holding BSC's average Cyclically Adjusted Book Growth Rate was -11.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -7.00% 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 Ithmaar Holding BSC was -2.10% per year. The lowest was -14.00% per year. And the median was -5.30% per year.

As of today (2026-06-28), Ithmaar Holding BSC's current stock price is د.إ0.198. Ithmaar Holding BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ0.78. Ithmaar Holding BSC's Cyclically Adjusted PB Ratio of today is 0.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ithmaar Holding BSC was 0.51. The lowest was 0.10. And the median was 0.25.


Ithmaar Holding BSC  (DFM:ITHMR) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.198/0.78
=0.25

* 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 Ithmaar Holding BSC was 0.51. The lowest was 0.10. And the median was 0.25.


Be Aware

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


Ithmaar Holding BSC Cyclically Adjusted Book per Share Related Terms


Ithmaar Holding BSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ithmaar Holding 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.

Ithmaar Holding BSC Cyclically Adjusted Book per Share Chart

Ithmaar Holding 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 0.69 0.70 0.98 1.90 1.08

Ithmaar Holding BSC 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 1.63 1.22 1.27 1.08 0.78

DFM:ITHMR vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Ithmaar Holding 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.


Ithmaar Holding BSC Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Ithmaar Holding BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DFM:ITHMR
38GF Score
Ithmaar Holding BSC DFM:ITHMR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ithmaar Holding 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, Ithmaar Holding BSC'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)
=0.017/330.2130*330.2130
=0.017

Current CPI (Mar. 2026) = 330.2130.

Ithmaar Holding BSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.520 241.018 0.712
201609 0.532 241.428 0.728
201612 0.538 241.432 0.736
201703 0.559 243.801 0.757
201706 0.552 244.955 0.744
201709 0.533 246.819 0.713
201712 0.448 246.524 0.600
201803 0.295 249.554 0.390
201806 0.234 251.989 0.307
201809 0.236 252.439 0.309
201812 0.147 251.233 0.193
201903 0.152 254.202 0.197
201906 0.118 256.143 0.152
201909 0.132 256.759 0.170
201912 0.121 256.974 0.155
202003 0.000 258.115 0.000
202006 0.011 257.797 0.014
202009 0.013 260.280 0.016
202012 0.019 260.474 0.024
202103 0.043 264.877 0.054
202106 0.049 271.696 0.060
202109 0.015 274.310 0.018
202112 0.048 278.802 0.057
202203 2.649 287.504 3.043
202206 2.561 296.311 2.854
202209 0.008 296.808 0.009
202212 0.006 296.797 0.007
202303 0.001 301.836 0.001
202306 0.006 305.109 0.006
202309 0.006 307.789 0.006
202312 0.005 306.746 0.005
202403 0.194 312.332 0.205
202406 3.502 314.175 3.681
202409 3.864 315.301 4.047
202412 0.014 315.605 0.015
202503 0.016 319.799 0.017
202506 0.017 322.561 0.017
202509 0.019 324.800 0.019
202512 0.015 324.054 0.015
202603 0.017 330.213 0.017

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.إ0.78 mean?
Ithmaar Holding BSC (DFM:ITHMR) has a Cyclically Adjusted Book per Share of د.إ0.78 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 Ithmaar Holding BSC and its competitors.
Is Ithmaar Holding BSC's Cyclically Adjusted Book per Share too high?
Ithmaar Holding BSC's current Cyclically Adjusted Book per Share is د.إ0.78. Overall, Ithmaar Holding BSC has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ithmaar Holding BSC's Cyclically Adjusted Book per Share compare to PNC and USB?
Ithmaar Holding BSC's Cyclically Adjusted Book per Share of د.إ0.78 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Ithmaar Holding BSC and its competitors. Ithmaar Holding BSC's current Cyclically Adjusted Book per Share is د.إ0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ithmaar Holding BSC stock overvalued right now?
Based on GuruFocus' analysis, Ithmaar Holding BSC (DFM:ITHMR) is currently considered Fairly Valued. The stock's GF Value™ is د.إ0.26, compared to a current price of د.إ0.20 — trading 23.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is د.إ0.78. Ithmaar Holding BSC's overall GF Score™ is 38/100 with 2 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 Ithmaar Holding BSC (DFM:ITHMR), the current Cyclically Adjusted Book per Share is د.إ0.78 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 Ithmaar Holding BSC (DFM:ITHMR) Overvalued in 2026?

Based on GuruFocus' analysis, Ithmaar Holding BSC stock appears to be undervalued. The current stock price of د.إ0.20 is trading 23.8% below its estimated GF Value™ of د.إ0.26. GuruFocus considers Ithmaar Holding BSC to be Fairly Valued.

Key valuation signals for DFM:ITHMR:

  • Cyclically Adjusted Book per Share: د.إ0.78
  • GF Value™: د.إ0.26 vs. price of د.إ0.20 (23.8% below fair value)
  • GF Score™: 38/100 with 2 warning signs

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


Ithmaar Holding BSC Business Description

Other Exchanges ITHMR:Bahrain
Address Seef Tower, P.O. Box 2820, Seef District, Manama, BHR
Ithmaar Holding BSC is engaged in providing financial services, including retail, commercial, asset management, private banking, takaful, equipment leasing, and real estate development. It also acts as a manager, on a trustee basis of funds deposited for investment in accordance with Islamic laws and principles, particularly regarding the prohibition of receiving or paying interest. The group's business segment includes Retail and Corporate banking, where it receives customer funds, and deposits and extends financing to its retail and corporate clients; Asset Management/ Investment Banking, where it directly participates in investment opportunities and Others. Majority of the company's revenue is generated from Retail & Corporate Banking segment.
38GF Score

Get the complete analysis for DFM:ITHMR

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

د.إ0.20
Price
د.إ0.26
GF Value