National Bank of OmanOG (MUS:NBOB) Cyclically Adjusted Book per Share: ر.ع0.44 (As of Mar. 2026)


MUS:NBOB National Bank of Oman SAOG MUS:NBOB
49 GF Score
Price ر.ع0.50
GF Value ر.ع0.30
Valuation Significantly Overvalued
! 7 Warning Signs
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What is National Bank of OmanOG Cyclically Adjusted Book per Share?

National Bank of OmanOG MUS:NBOB -0.40% 49 Cyclically Adjusted Book per Share is ر.ع0.44 as of Mar. 2026. GuruFocus rates MUS:NBOB with a GF Score™ of 49/100 and a GF Value™ of ر.ع0.30 (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.

National Bank of OmanOG's adjusted book value per share for the three months ended in Mar. 2026 was ر.ع0.628. 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.ع0.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, National Bank of OmanOG's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% 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 National Bank of OmanOG was 7.10% per year. The lowest was 4.60% per year. And the median was 5.90% per year.

As of today (2026-07-08), National Bank of OmanOG's current stock price is ر.ع0.497. National Bank of OmanOG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ر.ع0.44. National Bank of OmanOG's Cyclically Adjusted PB Ratio of today is 1.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of National Bank of OmanOG was 1.13. The lowest was 0.42. And the median was 0.72.


National Bank of OmanOG  (MUS:NBOB) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.497/0.44
=1.13

* 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 National Bank of OmanOG was 1.13. The lowest was 0.42. And the median was 0.72.


Be Aware

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


National Bank of OmanOG Cyclically Adjusted Book per Share Related Terms


National Bank of OmanOG Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for National Bank of OmanOG'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.

National Bank of OmanOG Cyclically Adjusted Book per Share Chart

National Bank of OmanOG 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 0.35 0.35 0.38 0.40 0.43

National Bank of OmanOG 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 0.41 0.42 0.43 0.43 0.44

MUS:NBOB vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, National Bank of OmanOG'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.


National Bank of OmanOG Cyclically Adjusted PB Ratio vs Banks Industry

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

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


MUS:NBOB
49GF Score
National Bank of Oman SAOG MUS:NBOB
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Bank of OmanOG 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, National Bank of OmanOG'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)
=0.628/330.2130*330.2130
=0.628

Current CPI (Mar. 2026) = 330.2130.

National Bank of OmanOG Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.318 241.018 0.436
201609 0.326 241.428 0.446
201612 0.331 241.432 0.453
201703 0.325 243.801 0.440
201706 0.328 244.955 0.442
201709 0.333 246.819 0.446
201712 0.336 246.524 0.450
201803 0.314 249.554 0.415
201806 0.319 251.989 0.418
201809 0.326 252.439 0.426
201812 0.330 251.233 0.434
201903 0.321 254.202 0.417
201906 0.325 256.143 0.419
201909 0.335 256.759 0.431
201912 0.340 256.974 0.437
202003 0.325 258.115 0.416
202006 0.327 257.797 0.419
202009 0.328 260.280 0.416
202012 0.326 260.474 0.413
202103 0.330 264.877 0.411
202106 0.335 271.696 0.407
202109 0.340 274.310 0.409
202112 0.342 278.802 0.405
202203 0.345 287.504 0.396
202206 0.348 296.311 0.388
202209 0.357 296.808 0.397
202212 0.394 296.797 0.438
202303 0.396 301.836 0.433
202306 0.401 305.109 0.434
202309 0.410 307.789 0.440
202312 0.415 306.746 0.447
202403 0.416 312.332 0.440
202406 0.422 314.175 0.444
202409 0.431 315.301 0.451
202412 0.472 315.605 0.494
202503 0.472 319.799 0.487
202506 0.483 322.561 0.494
202509 0.499 324.800 0.507
202512 0.615 324.054 0.627
202603 0.628 330.213 0.628

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 ر.ع0.44 mean?
National Bank of OmanOG (MUS:NBOB) has a Cyclically Adjusted Book per Share of ر.ع0.44 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 National Bank of OmanOG and its competitors.
Is National Bank of OmanOG's Cyclically Adjusted Book per Share too high?
National Bank of OmanOG's current Cyclically Adjusted Book per Share is ر.ع0.44. Overall, National Bank of OmanOG has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of OmanOG's Cyclically Adjusted Book per Share compare to PNC and USB?
National Bank of OmanOG's Cyclically Adjusted Book per Share of ر.ع0.44 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 National Bank of OmanOG and its competitors. National Bank of OmanOG's current Cyclically Adjusted Book per Share is ر.ع0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of OmanOG stock overvalued right now?
Based on GuruFocus' analysis, National Bank of OmanOG (MUS:NBOB) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.30, compared to a current price of ر.ع0.50 — trading 65.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is ر.ع0.44. National Bank of OmanOG's overall GF Score™ is 49/100 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 National Bank of OmanOG (MUS:NBOB), the current Cyclically Adjusted Book per Share is ر.ع0.44 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 National Bank of OmanOG (MUS:NBOB) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank of OmanOG stock appears to be overvalued. The current stock price of ر.ع0.50 is trading 65.7% above its estimated GF Value™ of ر.ع0.30. GuruFocus considers National Bank of OmanOG to be Significantly Overvalued.

Key valuation signals for MUS:NBOB:

  • Cyclically Adjusted Book per Share: ر.ع0.44
  • GF Value™: ر.ع0.30 vs. price of ر.ع0.50 (65.7% above fair value)
  • GF Score™: 49/100 with 7 warning signs

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


National Bank of OmanOG Business Description

Address Ruwi, P.O. Box 751, Muscat, OMN, 112
National Bank of Oman SAOG operates with segments including Retail Banking, Wholesale Banking, International Banking, Islamic Banking, and the Funding Centre. Retail Banking offers products and facilities to individual and high net-worth customers, including personal loans, housing loans, credit cards, term loans, and deposit accounts. Wholesale Banking generates the maximum revenue and provides lending, deposits, trade finance, treasury, foreign exchange, and investment banking services. International Banking includes operations in the UAE and Egypt, while Islamic Banking offers Shari'a-compliant products. The Funding Centre manages liquidity, fund allocation, and investments, including asset/liability management and cash instruments. The company generates maximum revenue from Oman.
49GF Score

Get the complete analysis for MUS:NBOB

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

ر.ع0.50
Price
ر.ع0.30
GF Value