National Bank of Fujairah PSC (ADX:NBF) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

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.
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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:NBF National Bank of Fujairah PSC ADX:NBF
56 GF Score
Price د.إ5.00
GF Value د.إ5.17
Valuation Fairly Valued
! 5 Warning Signs
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What is National Bank of Fujairah PSC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Bank of Fujairah PSC  (ADX:NBF) 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.


National Bank of Fujairah PSC Cyclically Adjusted PB Ratio Related Terms


National Bank of Fujairah PSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for National Bank of Fujairah PSC'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.

National Bank of Fujairah PSC Cyclically Adjusted PB Ratio Chart

National Bank of Fujairah PSC 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 1.91 1.71 1.53 1.27 1.67

National Bank of Fujairah PSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.30 1.31 1.67 1.76 0.00

National Bank of Fujairah PSC Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, National Bank of Fujairah PSC'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 Fujairah PSC Cyclically Adjusted PB Ratio vs Banks Industry

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

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


ADX:NBF
56GF Score
National Bank of Fujairah PSC ADX:NBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Bank of Fujairah PSC 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.

National Bank of Fujairah PSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, National Bank of Fujairah PSC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.044/333.9520*333.9520
=3.044

Current CPI (Jun. 2026) = 333.9520.

National Bank of Fujairah PSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.275 241.428 3.147
201612 2.303 241.432 3.186
201703 2.142 243.801 2.934
201706 2.380 244.955 3.245
201709 2.427 246.819 3.284
201712 2.459 246.524 3.331
201803 2.366 249.554 3.166
201806 2.449 251.989 3.246
201809 2.243 252.439 2.967
201812 2.301 251.233 3.059
201903 2.326 254.202 3.056
201906 2.418 256.143 3.153
201909 2.483 256.759 3.229
201912 2.853 256.974 3.708
202003 2.772 258.115 3.586
202006 2.781 257.797 3.603
202009 2.790 260.280 3.580
202012 2.548 260.474 3.267
202103 2.554 264.877 3.220
202106 2.556 271.696 3.142
202109 2.451 274.310 2.984
202112 2.550 278.802 3.054
202203 2.558 287.504 2.971
202206 2.573 296.311 2.900
202209 2.596 296.808 2.921
202212 2.628 296.797 2.957
202303 2.703 301.836 2.991
202306 2.764 305.109 3.025
202309 2.840 307.789 3.081
202312 2.950 306.746 3.212
202403 2.963 312.332 3.168
202406 3.031 314.175 3.222
202409 3.615 315.301 3.829
202412 2.657 315.605 2.811
202503 2.635 319.799 2.752
202506 2.766 322.561 2.864
202509 2.900 324.800 2.982
202512 3.003 324.054 3.095
202603 3.110 330.213 3.145
202606 3.044 333.952 3.044

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.

Is National Bank of Fujairah PSC (ADX:NBF) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank of Fujairah PSC stock appears to be undervalued. The current stock price of د.إ5.00 is trading 3.3% below its estimated GF Value™ of د.إ5.17. GuruFocus considers National Bank of Fujairah PSC to be Fairly Valued.

Key valuation signals for ADX:NBF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: د.إ5.17 vs. price of د.إ5.00 (3.3% below fair value)
  • GF Score™: 56/100 with 5 warning signs

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


National Bank of Fujairah PSC Business Description

Address Hamad Bin Abdullah Street, P.O. Box 887, Fujairah, ARE
National Bank of Fujairah PSC is a UAE-based commercial bank. It provides commercial banking products and services in the United Arab Emirates. The group conducts its activity through segments namely, Corporate and Institutional Banking; Business Banking, Retail Banking; and Treasury, Asset and Liability Management and others. Its products and services include current, savings and fixed deposit, and personal, auto, home, and construction loans, as well as guarantees, overdrafts, and term lending solutions. The company's majority of the revenue is generated from the Business Banking segment which offers a products and services including credit and trade finance products, and services to small and medium sized customers through separate units and accepts deposits.
56GF Score

Get the complete analysis for ADX:NBF

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

د.إ5.00
Price
د.إ5.17
GF Value