Combined Group Contracting K C (KUW:CGC) Cyclically Adjusted Book per Share: KWD0.34 (As of Mar. 2026)


KUW:CGC Combined Group Contracting SA K C KUW:CGC
77 GF Score
Price KWD0.94
GF Value KWD1.07
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Combined Group Contracting K C Cyclically Adjusted Book per Share?

Combined Group Contracting K C KUW:CGC +1.30% 77 Cyclically Adjusted Book per Share is KWD0.34 as of Mar. 2026. GuruFocus rates KUW:CGC with a GF Score™ of 77/100 and a GF Value™ of KWD1.07 (Modestly Undervalued). The stock has 3 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.

Combined Group Contracting K C's adjusted book value per share for the three months ended in Mar. 2026 was KWD0.428. 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 KWD0.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Combined Group Contracting K C's average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% 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 Combined Group Contracting K C was 7.40% per year. The lowest was 3.20% per year. And the median was 4.60% per year.

As of today (2026-07-09), Combined Group Contracting K C's current stock price is KWD0.938. Combined Group Contracting K C's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was KWD0.34. Combined Group Contracting K C's Cyclically Adjusted PB Ratio of today is 2.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Combined Group Contracting K C was 3.48. The lowest was 0.79. And the median was 1.47.


Combined Group Contracting K C  (KUW:CGC) 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.

Combined Group Contracting K C's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.938/0.34
=2.76

* 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 Combined Group Contracting K C was 3.48. The lowest was 0.79. And the median was 1.47.


Be Aware

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


Combined Group Contracting K C Cyclically Adjusted Book per Share Related Terms


Combined Group Contracting K C Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Combined Group Contracting K C'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.

Combined Group Contracting K C Cyclically Adjusted Book per Share Chart

Combined Group Contracting K C 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 0.28 0.30 0.31 0.32 0.33

Combined Group Contracting K C 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 0.32 0.33 0.33 0.33 0.34

KUW:CGC vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.


Combined Group Contracting K C Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Cyclically Adjusted PB Ratio falls into.


KUW:CGC
77GF Score
Combined Group Contracting SA K C KUW:CGC
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Combined Group Contracting K C 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, Combined Group Contracting K C'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)
=0.428/330.2130*330.2130
=0.428

Current CPI (Mar. 2026) = 330.2130.

Combined Group Contracting K C Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.230 241.018 0.315
201609 0.235 241.428 0.321
201612 0.254 241.432 0.347
201703 0.257 243.801 0.348
201706 0.241 244.955 0.325
201709 0.247 246.819 0.330
201712 0.264 246.524 0.354
201803 0.271 249.554 0.359
201806 0.259 251.989 0.339
201809 0.263 252.439 0.344
201812 0.273 251.233 0.359
201903 0.286 254.202 0.372
201906 0.272 256.143 0.351
201909 0.274 256.759 0.352
201912 0.274 256.974 0.352
202003 0.256 258.115 0.328
202006 0.235 257.797 0.301
202009 0.235 260.280 0.298
202012 0.224 260.474 0.284
202103 0.228 264.877 0.284
202106 0.227 271.696 0.276
202109 0.253 274.310 0.305
202112 0.273 278.802 0.323
202203 0.280 287.504 0.322
202206 0.269 296.311 0.300
202209 0.283 296.808 0.315
202212 0.307 296.797 0.342
202303 0.317 301.836 0.347
202306 0.299 305.109 0.324
202309 0.309 307.789 0.332
202312 0.328 306.746 0.353
202403 0.346 312.332 0.366
202406 0.329 314.175 0.346
202409 0.337 315.301 0.353
202412 0.352 315.605 0.368
202503 0.363 319.799 0.375
202506 0.348 322.561 0.356
202509 0.402 324.800 0.409
202512 0.418 324.054 0.426
202603 0.428 330.213 0.428

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 KWD0.34 mean?
Combined Group Contracting K C (KUW:CGC) has a Cyclically Adjusted Book per Share of KWD0.34 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 Combined Group Contracting K C and its competitors.
Is Combined Group Contracting K C's Cyclically Adjusted Book per Share too high?
Combined Group Contracting K C's current Cyclically Adjusted Book per Share is KWD0.34. Overall, Combined Group Contracting K C has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Combined Group Contracting K C's Cyclically Adjusted Book per Share compare to PWR and FIX?
Combined Group Contracting K C's Cyclically Adjusted Book per Share of KWD0.34 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 Combined Group Contracting K C and its competitors. Combined Group Contracting K C's current Cyclically Adjusted Book per Share is KWD0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Group Contracting K C stock overvalued right now?
Based on GuruFocus' analysis, Combined Group Contracting K C (KUW:CGC) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD1.07, compared to a current price of KWD0.94 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is KWD0.34. Combined Group Contracting K C's overall GF Score™ is 77/100 with 3 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 Combined Group Contracting K C (KUW:CGC), the current Cyclically Adjusted Book per Share is KWD0.34 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 Combined Group Contracting K C (KUW:CGC) Overvalued in 2026?

Based on GuruFocus' analysis, Combined Group Contracting K C stock appears to be undervalued. The current stock price of KWD0.94 is trading 12.3% below its estimated GF Value™ of KWD1.07. GuruFocus considers Combined Group Contracting K C to be Modestly Undervalued.

Key valuation signals for KUW:CGC:

  • Cyclically Adjusted Book per Share: KWD0.34
  • GF Value™: KWD1.07 vs. price of KWD0.94 (12.3% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


Combined Group Contracting K C Business Description

Address Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049
Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction of residential, commercial, and governmental buildings, roads, and infrastructure, and oil and gas-related development projects. Its service centers are Ready Mix plant, Asphalt Factories, Heavy Equipment, and Service Centers. The Group is divided into functional divisions to manage its various lines of business. The Group operates mainly in the State of Kuwait and other Gulf countries. The Group's segments are: the State of Kuwait segment and the Gulf Countries segment. It generates the majority of its revenue from the State of Kuwait segment.
77GF Score

Get the complete analysis for KUW:CGC

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

KWD0.94
Price
KWD1.07
GF Value