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BankMuscat (SAOG) (MUS:BKMB) Cyclically Adjusted Book per Share : ر.ع0.28 (As of Dec. 2023)


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What is BankMuscat (SAOG) Cyclically Adjusted Book per Share?

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.

BankMuscat (SAOG)'s adjusted book value per share for the three months ended in Dec. 2023 was ر.ع0.314. 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 ر.ع0.28 for the trailing ten years ended in Dec. 2023.

During the past 12 months, BankMuscat (SAOG)'s average Cyclically Adjusted Book Growth Rate was 3.70% 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.

As of today (2024-06-14), BankMuscat (SAOG)'s current stock price is ر.ع0.251. BankMuscat (SAOG)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ر.ع0.28. BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio of today is 0.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BankMuscat (SAOG) was 1.07. The lowest was 0.90. And the median was 0.99.


BankMuscat (SAOG) Cyclically Adjusted Book per Share Historical Data

The historical data trend for BankMuscat (SAOG)'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.

* Premium members only.

BankMuscat (SAOG) Cyclically Adjusted Book per Share Chart

BankMuscat (SAOG) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.27 0.28

BankMuscat (SAOG) Quarterly Data
Dec18 Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.27 0.27 0.27 0.28 0.28

Competitive Comparison of BankMuscat (SAOG)'s Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, BankMuscat (SAOG)'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.


BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio falls into.



BankMuscat (SAOG) 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, BankMuscat (SAOG)'s adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.314/129.4194*129.4194
=0.314

Current CPI (Dec. 2023) = 129.4194.

BankMuscat (SAOG) Quarterly Data

Book Value per Share CPI Adj_Book
201303 0.162 98.209 0.213
201306 0.168 98.518 0.221
201309 0.174 98.790 0.228
201312 0.182 98.326 0.240
201403 0.177 99.695 0.230
201406 0.185 100.560 0.238
201409 0.189 100.428 0.244
201412 0.194 99.070 0.253
201503 0.187 99.621 0.243
201506 0.195 100.684 0.251
201509 0.201 100.392 0.259
201512 0.207 99.792 0.268
201603 0.209 100.470 0.269
201606 0.216 101.688 0.275
201609 0.215 101.861 0.273
201612 0.221 101.863 0.281
201703 0.222 102.862 0.279
201706 0.246 103.349 0.308
201709 0.245 104.136 0.304
201712 0.251 104.011 0.312
201812 0.257 105.998 0.314
201903 0.000 107.251 0.000
201909 0.000 108.329 0.000
201912 0.267 108.420 0.319
202003 0.254 108.902 0.302
202006 0.000 108.767 0.000
202009 0.279 109.815 0.329
202012 0.272 109.897 0.320
202103 0.268 111.754 0.310
202106 0.274 114.631 0.309
202109 0.280 115.734 0.313
202112 0.287 117.630 0.316
202203 0.278 121.301 0.297
202206 0.000 125.017 0.000
202209 0.000 125.227 0.000
202212 0.297 125.222 0.307
202303 0.289 127.348 0.294
202306 0.298 128.729 0.300
202309 0.307 129.860 0.306
202312 0.314 129.419 0.314

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


BankMuscat (SAOG)  (MUS:BKMB) 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.

BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.251/0.28
=0.90

* 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 BankMuscat (SAOG) was 1.07. The lowest was 0.90. And the median was 0.99.


Be Aware

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


BankMuscat (SAOG) Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of BankMuscat (SAOG)'s Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


BankMuscat (SAOG) (MUS:BKMB) Business Description

Industry
Traded in Other Exchanges
Address
Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112
BankMuscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a compliant financing based on various Shari'a compliant modes, undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include corporate, personal, wholesale, islamic, and international banking. It generates maximum revenue from the personal banking segment.

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