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Bank Muscat (SAOG) (MUS:BKMB) Cyclically Adjusted Book per Share : ر.ع0.31 (As of Mar. 2025)


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What is Bank Muscat (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.

Bank Muscat (SAOG)'s adjusted book value per share for the three months ended in Mar. 2025 was ر.ع0.317. 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.ع0.31 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bank Muscat (SAOG)'s average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Bank Muscat (SAOG) was 10.10% per year. The lowest was 7.70% per year. And the median was 8.90% per year.

As of today (2025-07-04), Bank Muscat (SAOG)'s current stock price is ر.ع0.275. Bank Muscat (SAOG)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ر.ع0.31. Bank Muscat (SAOG)'s Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Muscat (SAOG) was 1.12. The lowest was 0.81. And the median was 0.92.


Bank Muscat (SAOG) Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Muscat (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.

Bank Muscat (SAOG) Cyclically Adjusted Book per Share Chart

Bank Muscat (SAOG) Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.24 0.27 0.28 0.30

Bank Muscat (SAOG) Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.29 0.29 0.30 0.30 0.31

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

For the Banks - Regional subindustry, Bank Muscat (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.


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

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

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


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Bank Muscat (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, Bank Muscat (SAOG)'s adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.317/134.9266*134.9266
=0.317

Current CPI (Mar. 2025) = 134.9266.

Bank Muscat (SAOG) Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.185 100.560 0.248
201409 0.189 100.428 0.254
201412 0.194 99.070 0.264
201503 0.187 99.621 0.253
201506 0.195 100.684 0.261
201509 0.201 100.392 0.270
201512 0.207 99.792 0.280
201603 0.209 100.470 0.281
201606 0.216 101.688 0.287
201609 0.215 101.861 0.285
201612 0.221 101.863 0.293
201703 0.222 102.862 0.291
201706 0.246 103.349 0.321
201709 0.245 104.136 0.317
201712 0.251 104.011 0.326
201812 0.257 105.998 0.327
201903 0.000 107.251 0.000
201909 0.000 108.329 0.000
201912 0.267 108.420 0.332
202003 0.254 108.902 0.315
202006 0.000 108.767 0.000
202009 0.279 109.815 0.343
202012 0.272 109.897 0.334
202103 0.268 111.754 0.324
202106 0.274 114.631 0.323
202109 0.280 115.734 0.326
202112 0.287 117.630 0.329
202203 0.278 121.301 0.309
202206 0.000 125.017 0.000
202209 0.000 125.227 0.000
202212 0.297 125.222 0.320
202303 0.289 127.348 0.306
202306 0.298 128.729 0.312
202309 0.307 129.860 0.319
202312 0.314 129.419 0.327
202403 0.306 131.776 0.313
202406 0.314 132.554 0.320
202409 0.321 133.029 0.326
202412 0.326 133.157 0.330
202503 0.317 134.927 0.317

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


Bank Muscat (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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.275/0.31
=0.89

* 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 Bank Muscat (SAOG) was 1.12. The lowest was 0.81. And the median was 0.92.


Be Aware

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


Bank Muscat (SAOG) Cyclically Adjusted Book per Share Related Terms

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


Bank Muscat (SAOG) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112
Bank Muscat (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, and undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include Personal, Corporate, wholesale, islamic, and international banking. It generates maximum revenue from the personal banking segment which provides products and services to individuals, including consumer loans, credit cards, deposit accounts saving deposits, foreign exchange, e-banking, remittances, bancassurance, and other branch-related services.

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