Aluminium Bahrain BSC (BAH:ALBH) Cyclically Adjusted PB Ratio: 0.79 (As of Aug. 02, 2026) — 25% Below 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.

BAH:ALBH Aluminium Bahrain BSC BAH:ALBH
100 GF Score
Price BHD0.92
GF Value BHD1.16
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Aluminium Bahrain BSC Cyclically Adjusted PB Ratio?

Aluminium Bahrain BSC BAH:ALBH -0.33% 100 Cyclically Adjusted PB Ratio is 0.79 as of Aug. 02, 2026, which is 25% below its 10-year median of 1.05. GuruFocus rates BAH:ALBH with a GF Score™ of 100/100 and a GF Value™ of BHD1.16 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,535 Metals & Mining companies, Aluminium Bahrain BSC ranks better than 63.91% on this metric.

As of today (2026-08-02), Aluminium Bahrain BSC's current share price is BHD0.915. Aluminium Bahrain BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BHD1.16. Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio for today is 0.79.

The historical rank and industry rank for Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

BAH:ALBH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.05   Max: 1.95
Current: 0.79

During the past years, Aluminium Bahrain BSC's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.46. And the median was 1.05.

BAH:ALBH's Cyclically Adjusted PB Ratio is ranked better than
63.91% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs BAH:ALBH: 0.79

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.

Aluminium Bahrain BSC's adjusted book value per share data for the three months ended in Mar. 2026 was BHD1.482. 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 BHD1.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aluminium Bahrain BSC  (BAH:ALBH) 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.


Aluminium Bahrain BSC Cyclically Adjusted PB Ratio Related Terms


Aluminium Bahrain BSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aluminium Bahrain BSC'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.

Aluminium Bahrain BSC Cyclically Adjusted PB Ratio Chart

Aluminium Bahrain BSC 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 1.00 1.21 1.17 1.24 0.98

Aluminium Bahrain BSC 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 1.04 0.90 0.81 0.98 0.76

BAH:ALBH vs AA, CENX, CSTM: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Aluminium Bahrain BSC'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.


Aluminium Bahrain BSC Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio falls into.


BAH:ALBH
100GF Score
Aluminium Bahrain BSC BAH:ALBH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aluminium Bahrain BSC 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.

Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.915/1.16
=0.79

* 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.

Aluminium Bahrain BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Aluminium Bahrain BSC'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)
=1.482/330.2130*330.2130
=1.482

Current CPI (Mar. 2026) = 330.2130.

Aluminium Bahrain BSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.681 241.018 0.933
201609 0.691 241.428 0.945
201612 0.701 241.432 0.959
201703 0.700 243.801 0.948
201706 0.713 244.955 0.961
201709 0.727 246.819 0.973
201712 0.743 246.524 0.995
201803 0.741 249.554 0.981
201806 0.762 251.989 0.999
201809 0.773 252.439 1.011
201812 0.760 251.233 0.999
201903 0.749 254.202 0.973
201906 0.746 256.143 0.962
201909 0.750 256.759 0.965
201912 0.760 256.974 0.977
202003 0.758 258.115 0.970
202006 0.744 257.797 0.953
202009 0.739 260.280 0.938
202012 0.763 260.474 0.967
202103 0.804 264.877 1.002
202106 0.869 271.696 1.056
202109 0.958 274.310 1.153
202112 1.062 278.802 1.258
202203 1.120 287.504 1.286
202206 1.251 296.311 1.394
202209 1.260 296.808 1.402
202212 1.288 296.797 1.433
202303 1.228 301.836 1.343
202306 1.251 305.109 1.354
202309 1.252 307.789 1.343
202312 1.264 306.746 1.361
202403 1.268 312.332 1.341
202406 1.315 314.175 1.382
202409 1.332 315.301 1.395
202412 1.359 315.605 1.422
202503 1.344 319.799 1.388
202506 1.359 322.561 1.391
202509 1.396 324.800 1.419
202512 1.472 324.054 1.500
202603 1.482 330.213 1.482

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 0.79 mean?
Aluminium Bahrain BSC (BAH:ALBH) has a Cyclically Adjusted PB Ratio of 0.79 as of Aug. 02, 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 Aluminium Bahrain BSC and its competitors. This is 25% below median its historical median of 1.05. Over the past decade, Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.95. According to the industry distribution chart, Aluminium Bahrain BSC ranks #554 out of 1535 companies in the Metals & Mining industry, placing it in the top 36.1%.
Is Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio too high?
Aluminium Bahrain BSC's current Cyclically Adjusted PB Ratio of 0.79 is 25% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.95. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Aluminium Bahrain BSC's value of 0.79 is 43.6% below this industry median. Based on the distribution chart, Aluminium Bahrain BSC ranks #554 out of 1535 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Aluminium Bahrain BSC has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aluminium Bahrain BSC's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Aluminium Bahrain BSC ranks #554 out of 1535 companies for Cyclically Adjusted PB Ratio. This puts Aluminium Bahrain BSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Aluminium Bahrain BSC's value of 0.79 is 43.6% below this benchmark. Historically, Aluminium Bahrain BSC's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.95 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.40, Aluminium Bahrain BSC has consistently been below 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 a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.40, based on 1,535 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. Aluminium Bahrain BSC's current Cyclically Adjusted PB Ratio of 0.79 is 43.6% below 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 Aluminium Bahrain BSC and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aluminium Bahrain BSC's current Cyclically Adjusted PB Ratio is 0.79, which is 25% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluminium Bahrain BSC stock overvalued right now?
Based on GuruFocus' analysis, Aluminium Bahrain BSC (BAH:ALBH) is currently considered Modestly Undervalued. The stock's GF Value™ is BHD1.16, compared to a current price of BHD0.92 — trading 21.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 25% below median its 10-year median of 1.05 and 43.6% below the Metals & Mining industry median of 1.40. Aluminium Bahrain BSC's overall GF Score™ is 100/100 with 3 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 Aluminium Bahrain BSC (BAH:ALBH), the current Cyclically Adjusted PB Ratio is 0.79 as of Aug. 02, 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 Aluminium Bahrain BSC (BAH:ALBH) Overvalued in 2026?

Based on GuruFocus' analysis, Aluminium Bahrain BSC stock appears to be undervalued. The current stock price of BHD0.92 is trading 21.1% below its estimated GF Value™ of BHD1.16. GuruFocus considers Aluminium Bahrain BSC to be Modestly Undervalued.

Key valuation signals for BAH:ALBH:

  • Cyclically Adjusted PB Ratio: 0.79 (25% below median its 10-year median of 1.05)
  • GF Value™: BHD1.16 vs. price of BHD0.92 (21.1% below fair value)
  • GF Score™: 100/100 with 3 warning signs
  • Industry Position: 43.6% below the Metals & Mining median (#554 of 1535)

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


Aluminium Bahrain BSC Business Description

Address 94 Road, King Hamad Highway, Building 150, Block 951, P.O. Box 570, Askar, BHR
Aluminium Bahrain BSC manufactures aluminum and aluminum related products. The company owns and operates aluminum smelter where it produces Extrusion Billets, Foundry Alloy Ingots Propertzi and Standard Ingot Form, Rolling Slabs, Tee and Standard Ingots and Liquid Metal. The other products of the company are anodes, water, power, and calcined coke. Geographically, the company operates in Kingdom of Bahrain, Europe, Rest of the Middle East and North Africa, Asia and Americas.
100GF Score

Get the complete analysis for BAH:ALBH

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

BHD0.92
Price
BHD1.16
GF Value