Meezan Bank (KAR:MEBL) Cyclically Adjusted Book per Share: ₨69.92 (As of Mar. 2026)


KAR:MEBL Meezan Bank Ltd KAR:MEBL
78 GF Score
Price ₨565.12
GF Value ₨242.43
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Meezan Bank Cyclically Adjusted Book per Share?

Meezan Bank KAR:MEBL -0.29% 78 Cyclically Adjusted Book per Share is ₨69.92 as of Mar. 2026. GuruFocus rates KAR:MEBL with a GF Score™ of 78/100 and a GF Value™ of ₨242.43 (Significantly Overvalued). The stock has 7 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.

Meezan Bank's adjusted book value per share for the three months ended in Mar. 2026 was ₨157.921. 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 ₨69.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Meezan Bank's average Cyclically Adjusted Book Growth Rate was 28.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 27.50% 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 Meezan Bank was 27.50% per year. The lowest was 26.20% per year. And the median was 26.85% per year.

As of today (2026-07-08), Meezan Bank's current stock price is ₨565.12. Meezan Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨69.92. Meezan Bank's Cyclically Adjusted PB Ratio of today is 8.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Meezan Bank was 7.95. The lowest was 2.50. And the median was 4.84.


Meezan Bank  (KAR:MEBL) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=565.12/69.92
=8.08

* 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 Meezan Bank was 7.95. The lowest was 2.50. And the median was 4.84.


Be Aware

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


Meezan Bank Cyclically Adjusted Book per Share Related Terms


Meezan Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Meezan Bank'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.

Meezan Bank Cyclically Adjusted Book per Share Chart

Meezan Bank 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 25.29 31.51 38.80 50.81 65.31

Meezan Bank 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 54.53 58.26 62.06 65.31 69.92

Meezan Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Meezan Bank'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.


Meezan Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


KAR:MEBL
78GF Score
Meezan Bank Ltd KAR:MEBL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meezan Bank 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, Meezan Bank'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)
=157.921/330.2130*330.2130
=157.921

Current CPI (Mar. 2026) = 330.2130.

Meezan Bank Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.790 241.018 24.374
201609 17.823 241.428 24.377
201612 19.463 241.432 26.620
201703 19.420 243.801 26.303
201706 20.068 244.955 27.053
201709 21.575 246.819 28.865
201712 20.899 246.524 27.994
201803 21.292 249.554 28.174
201806 22.251 251.989 29.158
201809 24.493 252.439 32.039
201812 23.787 251.233 31.265
201903 24.239 254.202 31.487
201906 25.577 256.143 32.973
201909 27.334 256.759 35.154
201912 34.427 256.974 44.239
202003 34.358 258.115 43.955
202006 36.851 257.797 47.203
202009 41.512 260.280 52.666
202012 40.213 260.474 50.980
202103 42.077 264.877 52.456
202106 44.805 271.696 54.455
202109 47.404 274.310 57.065
202112 49.868 278.802 59.064
202203 51.788 287.504 59.481
202206 53.787 296.311 59.941
202209 59.510 296.808 66.208
202212 65.897 296.797 73.316
202303 69.863 301.836 76.431
202306 77.855 305.109 84.261
202309 87.806 307.789 94.203
202312 105.216 306.746 113.265
202403 110.627 312.332 116.960
202406 118.595 314.175 124.649
202409 130.960 315.301 137.154
202412 140.252 315.605 146.744
202503 140.498 319.799 145.073
202506 150.229 322.561 153.793
202509 155.307 324.800 157.895
202512 158.660 324.054 161.676
202603 157.921 330.213 157.921

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 ₨69.92 mean?
Meezan Bank (KAR:MEBL) has a Cyclically Adjusted Book per Share of ₨69.92 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 Meezan Bank and its competitors.
Is Meezan Bank's Cyclically Adjusted Book per Share too high?
Meezan Bank's current Cyclically Adjusted Book per Share is ₨69.92. Overall, Meezan Bank has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meezan Bank's Cyclically Adjusted Book per Share compare to competitors?
Meezan Bank's Cyclically Adjusted Book per Share of ₨69.92 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 Meezan Bank and its competitors. Meezan Bank's current Cyclically Adjusted Book per Share is ₨69.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meezan Bank stock overvalued right now?
Based on GuruFocus' analysis, Meezan Bank (KAR:MEBL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨242.43, compared to a current price of ₨565.12 — trading 133.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₨69.92. Meezan Bank's overall GF Score™ is 78/100 with 7 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 Meezan Bank (KAR:MEBL), the current Cyclically Adjusted Book per Share is ₨69.92 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 Meezan Bank (KAR:MEBL) Overvalued in 2026?

Based on GuruFocus' analysis, Meezan Bank stock appears to be overvalued. The current stock price of ₨565.12 is trading 133.1% above its estimated GF Value™ of ₨242.43. GuruFocus considers Meezan Bank to be Significantly Overvalued.

Key valuation signals for KAR:MEBL:

  • Cyclically Adjusted Book per Share: ₨69.92
  • GF Value™: ₨242.43 vs. price of ₨565.12 (133.1% above fair value)
  • GF Score™: 78/100 with 7 warning signs

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


Meezan Bank Business Description

Address Meezan House C-25, Estate Avenue, SITE, Karachi, SD, PAK, 75730
Meezan Bank Ltd is an Islamic commercial bank registered in Pakistan. It is engaged in corporate, commercial, consumer, investment and retail banking activities. The group also provides credit facilities for import finance, export re-finance, long-term finance, documentary credit requirements and project financing needs of customers. In addition, it offers investment banking solutions, commercial banking as well as providing diverse financial solutions to small and medium enterprises. Its reportable segments are Corporate and Commercial Banking, Retail Banking, Trading and Sales, and Others. Geographically, the Bank operates only in Pakistan.
78GF Score

Get the complete analysis for KAR:MEBL

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

₨565.12
Price
₨242.43
GF Value