Allam Bank BSC (DFM:SALAM_BAH) Cyclically Adjusted Book per Share: د.إ1.38 (As of Mar. 2026)


DFM:SALAM_BAH Al Salam Bank BSC DFM:SALAM_BAH
77 GF Score
Price د.إ2.06
GF Value د.إ2.72
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Allam Bank BSC Cyclically Adjusted Book per Share?

Allam Bank BSC DFM:SALAM_BAH -0.96% 77 Cyclically Adjusted Book per Share is د.إ1.38 as of Mar. 2026. GuruFocus rates DFM:SALAM_BAH with a GF Score™ of 77/100 and a GF Value™ of د.إ2.72 (Modestly Undervalued). 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.

Allam Bank BSC's adjusted book value per share for the three months ended in Mar. 2026 was د.إ1.988. 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.إ1.38 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Allam Bank BSC's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 Allam Bank BSC was 2.90% per year. The lowest was 2.70% per year. And the median was 2.90% per year.

As of today (2026-07-08), Allam Bank BSC's current stock price is د.إ2.06. Allam Bank BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ1.38. Allam Bank BSC's Cyclically Adjusted PB Ratio of today is 1.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Allam Bank BSC was 1.88. The lowest was 0.47. And the median was 1.10.


Allam Bank BSC  (DFM:SALAM_BAH) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.06/1.38
=1.49

* 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 Allam Bank BSC was 1.88. The lowest was 0.47. And the median was 1.10.


Be Aware

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


Allam Bank BSC Cyclically Adjusted Book per Share Related Terms


Allam Bank BSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Allam Bank 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.

Allam Bank BSC Cyclically Adjusted Book per Share Chart

Allam Bank 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 0.98 1.11 1.08 1.09 1.17

Allam Bank 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 1.17 1.18 1.16 1.17 1.38

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

For the Banks - Regional subindustry, Allam Bank 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.


Allam Bank BSC Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DFM:SALAM_BAH
77GF Score
Al Salam Bank BSC DFM:SALAM_BAH
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allam Bank 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, Allam Bank 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)
=1.988/330.2130*330.2130
=1.988

Current CPI (Mar. 2026) = 330.2130.

Allam Bank BSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.037 241.018 1.421
201609 0.991 241.428 1.355
201612 1.209 241.432 1.654
201703 0.977 243.801 1.323
201706 0.991 244.955 1.336
201709 1.004 246.819 1.343
201712 0.937 246.524 1.255
201803 0.907 249.554 1.200
201806 0.919 251.989 1.204
201809 0.940 252.439 1.230
201812 0.948 251.233 1.246
201903 0.941 254.202 1.222
201906 0.961 256.143 1.239
201909 0.990 256.759 1.273
201912 1.011 256.974 1.299
202003 0.000 258.115 0.000
202006 0.920 257.797 1.178
202009 0.925 260.280 1.174
202012 0.891 260.474 1.130
202103 0.910 264.877 1.134
202106 0.932 271.696 1.133
202109 0.946 274.310 1.139
202112 0.965 278.802 1.143
202203 0.944 287.504 1.084
202206 0.938 296.311 1.045
202209 0.948 296.808 1.055
202212 0.986 296.797 1.097
202303 1.011 301.836 1.106
202306 1.030 305.109 1.115
202309 1.066 307.789 1.144
202312 1.099 306.746 1.183
202403 1.221 312.332 1.291
202406 1.353 314.175 1.422
202409 1.408 315.301 1.475
202412 1.686 315.605 1.764
202503 1.882 319.799 1.943
202506 1.962 322.561 2.009
202509 2.149 324.800 2.185
202512 2.090 324.054 2.130
202603 1.988 330.213 1.988

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.إ1.38 mean?
Allam Bank BSC (DFM:SALAM_BAH) has a Cyclically Adjusted Book per Share of د.إ1.38 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 Allam Bank BSC and its competitors.
Is Allam Bank BSC's Cyclically Adjusted Book per Share too high?
Allam Bank BSC's current Cyclically Adjusted Book per Share is د.إ1.38. Overall, Allam Bank BSC has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Allam Bank BSC's Cyclically Adjusted Book per Share compare to PNC and USB?
Allam Bank BSC's Cyclically Adjusted Book per Share of د.إ1.38 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 Allam Bank BSC and its competitors. Allam Bank BSC's current Cyclically Adjusted Book per Share is د.إ1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allam Bank BSC stock overvalued right now?
Based on GuruFocus' analysis, Allam Bank BSC (DFM:SALAM_BAH) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.72, compared to a current price of د.إ2.06 — trading 24.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is د.إ1.38. Allam Bank BSC's overall GF Score™ is 77/100 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 Allam Bank BSC (DFM:SALAM_BAH), the current Cyclically Adjusted Book per Share is د.إ1.38 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 Allam Bank BSC (DFM:SALAM_BAH) Overvalued in 2026?

Based on GuruFocus' analysis, Allam Bank BSC stock appears to be undervalued. The current stock price of د.إ2.06 is trading 24.3% below its estimated GF Value™ of د.إ2.72. GuruFocus considers Allam Bank BSC to be Modestly Undervalued.

Key valuation signals for DFM:SALAM_BAH:

  • Cyclically Adjusted Book per Share: د.إ1.38
  • GF Value™: د.إ2.72 vs. price of د.إ2.06 (24.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


Allam Bank BSC Business Description

Other Exchanges SALAM:Bahrain
Address Burj Al Khair 3, P.O. Box 18282, Manama, BHR
Al Salam Bank BSC is a banking corporation operating in Bahrain. It provides various Islamic banking products and services in the Kingdom of Bahrain. The company offers money market, trading, and treasury services, including short-term commodities, managing portfolios, and serving clients with a range of investment products, funds, and alternative investments. Besides, it also manages the un-deployed capital of the company by investing it in high-quality financial instruments. The company's reportable segments namely Banking, Treasury, Takaful and Investments. It generates maximum revenue from the Banking segment.
77GF Score

Get the complete analysis for DFM:SALAM_BAH

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

د.إ2.06
Price
د.إ2.72
GF Value