Gulf Investment House KSC (ADX:GIH) Cyclically Adjusted PB Ratio: 3.26 (As of Jul. 28, 2026) — 29% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ADX:GIH Gulf Investment House KSC ADX:GIH
28 GF Score
Price د.إ1.89
GF Value د.إ1.72
! 2 Warning Signs
View Full Analysis

What is Gulf Investment House KSC Cyclically Adjusted PB Ratio?

Gulf Investment House KSC ADX:GIH 28 Cyclically Adjusted PB Ratio is 3.26 as of Jul. 28, 2026, which is 29% above its 10-year median of 2.53. GuruFocus rates ADX:GIH with a GF Score™ of 28/100 and a GF Value™ of د.إ1.72. The stock has 2 warning signs investors should review. Among 1,001 Asset Management companies, Gulf Investment House KSC ranks worse than 92.41% on this metric.

As of today (2026-07-28), Gulf Investment House KSC's current share price is د.إ1.89. Gulf Investment House KSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ0.58. Gulf Investment House KSC's Cyclically Adjusted PB Ratio for today is 3.26.

The historical rank and industry rank for Gulf Investment House KSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

ADX:GIH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 2.53   Max: 6.21
Current: 4.11

During the past years, Gulf Investment House KSC's highest Cyclically Adjusted PB Ratio was 6.21. The lowest was 0.26. And the median was 2.53.

ADX:GIH's Cyclically Adjusted PB Ratio is ranked worse than
92.41% of 1001 companies
in the Asset Management industry
Industry Median: 0.84 vs ADX:GIH: 4.11

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.

Gulf Investment House KSC's adjusted book value per share data for the three months ended in Mar. 2026 was د.إ1.463. 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 د.إ0.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Investment House KSC  (ADX:GIH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Gulf Investment House KSC Cyclically Adjusted PB Ratio Related Terms


Gulf Investment House KSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gulf Investment House KSC's Cyclically Adjusted PB Ratio 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.

Gulf Investment House KSC Cyclically Adjusted PB Ratio Chart

Gulf Investment House KSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 2.59 2.15 4.32 4.06

Gulf Investment House KSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 4.06 3.88 4.37 4.06 3.18

ADX:GIH vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Gulf Investment House KSC'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.


Gulf Investment House KSC Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Gulf Investment House KSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Investment House KSC's Cyclically Adjusted PB Ratio falls into.


ADX:GIH
28GF Score
Gulf Investment House KSC ADX:GIH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Investment House KSC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Gulf Investment House KSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.89/0.58
=3.26

* 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.

Gulf Investment House KSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Gulf Investment House KSC'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)
=1.463/330.2130*330.2130
=1.463

Current CPI (Mar. 2026) = 330.2130.

Gulf Investment House KSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.026 241.018 2.776
201609 1.899 241.428 2.597
201612 1.831 241.432 2.504
201703 1.531 243.801 2.074
201706 1.513 244.955 2.040
201709 1.495 246.819 2.000
201712 1.570 246.524 2.103
201803 1.493 249.554 1.976
201806 1.547 251.989 2.027
201809 1.262 252.439 1.651
201812 1.061 251.233 1.395
201903 1.058 254.202 1.374
201906 1.056 256.143 1.361
201909 1.058 256.759 1.361
201912 1.052 256.974 1.352
202003 1.055 258.115 1.350
202006 1.042 257.797 1.335
202009 1.033 260.280 1.311
202012 1.042 260.474 1.321
202103 1.028 264.877 1.282
202106 1.250 271.696 1.519
202109 1.197 274.310 1.441
202112 1.225 278.802 1.451
202203 1.238 287.504 1.422
202206 1.240 296.311 1.382
202209 1.240 296.808 1.380
202212 1.246 296.797 1.386
202303 1.259 301.836 1.377
202306 1.280 305.109 1.385
202309 1.281 307.789 1.374
202312 1.303 306.746 1.403
202403 1.301 312.332 1.375
202406 1.301 314.175 1.367
202409 1.302 315.301 1.364
202412 1.339 315.605 1.401
202503 1.334 319.799 1.377
202506 1.331 322.561 1.363
202509 1.294 324.800 1.316
202512 1.456 324.054 1.484
202603 1.463 330.213 1.463

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

What does a Cyclically Adjusted PB Ratio of 3.26 mean?
Gulf Investment House KSC (ADX:GIH) has a Cyclically Adjusted PB Ratio of 3.26 as of Jul. 28, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Gulf Investment House KSC and its competitors. This is 29% above median its historical median of 2.53. Over the past decade, Gulf Investment House KSC's Cyclically Adjusted PB Ratio has ranged from 0.26 to 6.21. According to the industry distribution chart, Gulf Investment House KSC ranks #925 out of 1001 companies in the Asset Management industry, placing it in the top 92.4%.
Is Gulf Investment House KSC's Cyclically Adjusted PB Ratio too high?
Gulf Investment House KSC's current Cyclically Adjusted PB Ratio of 3.26 is 29% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 6.21. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Gulf Investment House KSC's value of 3.26 is 288.1% above this industry median. Based on the distribution chart, Gulf Investment House KSC ranks #925 out of 1001 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Gulf Investment House KSC has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Investment House KSC's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Gulf Investment House KSC ranks #925 out of 1001 companies for Cyclically Adjusted PB Ratio. This places Gulf Investment House KSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Gulf Investment House KSC's value of 3.26 is 288.1% above this benchmark. Historically, Gulf Investment House KSC's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 6.21 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 0.84, Gulf Investment House KSC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 1,001 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gulf Investment House KSC's current Cyclically Adjusted PB Ratio of 3.26 is 288.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Gulf Investment House KSC and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Investment House KSC's current Cyclically Adjusted PB Ratio is 3.26, which is 29% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Investment House KSC stock overvalued right now?
Gulf Investment House KSC (ADX:GIH) has a current Cyclically Adjusted PB Ratio of 3.26. The stock's GF Value™ is د.إ1.72, compared to a current price of د.إ1.89 — trading 9.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.26, which is 29% above median its 10-year median of 2.53 and 288.1% above the Asset Management industry median of 0.84. Gulf Investment House KSC's overall GF Score™ is 28/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Gulf Investment House KSC (ADX:GIH), the current Cyclically Adjusted PB Ratio is 3.26 as of Jul. 28, 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 Gulf Investment House KSC (ADX:GIH) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Investment House KSC stock appears to be overvalued. The current stock price of د.إ1.89 is trading 9.9% above its estimated GF Value™ of د.إ1.72.

Key valuation signals for ADX:GIH:

  • Cyclically Adjusted PB Ratio: 3.26 (29% above median its 10-year median of 2.53)
  • GF Value™: د.إ1.72 vs. price of د.إ1.89 (9.9% above fair value)
  • GF Score™: 28/100 with 2 warning signs
  • Industry Position: 288.1% above the Asset Management median (#925 of 1001)

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


Gulf Investment House KSC Business Description

Other Exchanges GIH:Kuwait
Address Fadh Al Salem Street, Al Qibla, Block 6, 8th Floor, Building 165, Jawharat AlKhaleej Complex, Safat, Kuwait, KWT, 13149
Gulf Investment House KSC (GIH) is a financial services company. It is engaged in investment activities and related financial and advisory services. The company also trades and invests in properties. The company derives majority of its revenue from Investment. The operating segments of the group are Investments, Manufacturing and Real estate. It derives a majority of revenue from the Investments segment. It earns fees and commission income from a diverse range of asset management, investment banking, custody, and brokerage services provided to the customers.
28GF Score

Get the complete analysis for ADX:GIH

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

د.إ1.89
Price
د.إ1.72
GF Value