Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Cyclically Adjusted PB Ratio: 1.36 (As of Aug. 02, 2026) — Near 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:BKIC Bahrain Kuwait Insurance Co BSC BAH:BKIC
84 GF Score
Price BHD0.42
GF Value BHD0.74
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Bahrain Kuwait Insurance Co BSC Cyclically Adjusted PB Ratio?

Bahrain Kuwait Insurance Co BSC BAH:BKIC 84 Cyclically Adjusted PB Ratio is 1.36 as of Aug. 02, 2026, which is 9% above its 10-year median of 1.25. GuruFocus rates BAH:BKIC with a GF Score™ of 84/100 and a GF Value™ of BHD0.74 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 415 Insurance companies, Bahrain Kuwait Insurance Co BSC ranks better than 51.81% on this metric.

As of today (2026-08-02), Bahrain Kuwait Insurance Co BSC's current share price is BHD0.421. Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BHD0.31. Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted PB Ratio for today is 1.36.

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

BAH:BKIC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.25   Max: 1.65
Current: 1.36

During the past years, Bahrain Kuwait Insurance Co BSC's highest Cyclically Adjusted PB Ratio was 1.65. The lowest was 1.07. And the median was 1.25.

BAH:BKIC's Cyclically Adjusted PB Ratio is ranked better than
51.81% of 415 companies
in the Insurance industry
Industry Median: 1.43 vs BAH:BKIC: 1.36

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.

Bahrain Kuwait Insurance Co BSC's adjusted book value per share data for the three months ended in Mar. 2026 was BHD0.294. 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 BHD0.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bahrain Kuwait Insurance Co BSC  (BAH:BKIC) 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.


Bahrain Kuwait Insurance Co BSC Cyclically Adjusted PB Ratio Related Terms


Bahrain Kuwait Insurance Co BSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bahrain Kuwait Insurance Co 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.

Bahrain Kuwait Insurance Co BSC Cyclically Adjusted PB Ratio Chart

Bahrain Kuwait Insurance Co 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 1.64 1.16 1.19 1.11 1.35

Bahrain Kuwait Insurance Co 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 1.12 1.19 1.23 1.35 1.36

BAH:BKIC vs CB, PGR, TRV: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Property & Casualty subindustry, Bahrain Kuwait Insurance Co 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.


Bahrain Kuwait Insurance Co BSC Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BAH:BKIC
84GF Score
Bahrain Kuwait Insurance Co BSC BAH:BKIC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bahrain Kuwait Insurance Co 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.

Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.421/0.31
=1.36

* 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.

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

For example, Bahrain Kuwait Insurance Co 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)
=0.294/330.2130*330.2130
=0.294

Current CPI (Mar. 2026) = 330.2130.

Bahrain Kuwait Insurance Co BSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.221 241.018 0.303
201609 0.224 241.428 0.306
201612 0.226 241.432 0.309
201703 0.217 243.801 0.294
201706 0.220 244.955 0.297
201709 0.228 246.819 0.305
201712 0.230 246.524 0.308
201803 0.227 249.554 0.300
201806 0.231 251.989 0.303
201809 0.234 252.439 0.306
201812 0.240 251.233 0.315
201903 0.231 254.202 0.300
201906 0.239 256.143 0.308
201909 0.246 256.759 0.316
201912 0.251 256.974 0.323
202003 0.000 258.115 0.000
202006 0.249 257.797 0.319
202009 0.256 260.280 0.325
202012 0.265 260.474 0.336
202103 0.258 264.877 0.322
202106 0.270 271.696 0.328
202109 0.271 274.310 0.326
202112 0.274 278.802 0.325
202203 0.263 287.504 0.302
202206 0.264 296.311 0.294
202209 0.268 296.808 0.298
202212 0.284 296.797 0.316
202303 0.269 301.836 0.294
202306 0.276 305.109 0.299
202309 0.282 307.789 0.303
202312 0.297 306.746 0.320
202403 0.279 312.332 0.295
202406 0.284 314.175 0.298
202409 0.301 315.301 0.315
202412 0.304 315.605 0.318
202503 0.291 319.799 0.300
202506 0.298 322.561 0.305
202509 0.308 324.800 0.313
202512 0.315 324.054 0.321
202603 0.294 330.213 0.294

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 1.36 mean?
Bahrain Kuwait Insurance Co BSC (BAH:BKIC) has a Cyclically Adjusted PB Ratio of 1.36 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 Bahrain Kuwait Insurance Co BSC and its competitors. This is near median its historical median of 1.25. Over the past decade, Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted PB Ratio has ranged from 1.07 to 1.65. According to the industry distribution chart, Bahrain Kuwait Insurance Co BSC ranks #200 out of 415 companies in the Insurance industry, placing it in the top 48.2%.
Is Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted PB Ratio too high?
Bahrain Kuwait Insurance Co BSC's current Cyclically Adjusted PB Ratio of 1.36 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.65. The Insurance industry median Cyclically Adjusted PB Ratio is 1.43. Bahrain Kuwait Insurance Co BSC's value of 1.36 is 4.9% below this industry median. Based on the distribution chart, Bahrain Kuwait Insurance Co BSC ranks #200 out of 415 companies in the Insurance industry, which is above the industry midpoint. Overall, Bahrain Kuwait Insurance Co BSC has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bahrain Kuwait Insurance Co BSC's Cyclically Adjusted PB Ratio compare to CB and PGR?
According to the Insurance industry distribution chart, Bahrain Kuwait Insurance Co BSC ranks #200 out of 415 companies for Cyclically Adjusted PB Ratio. This puts Bahrain Kuwait Insurance Co BSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Bahrain Kuwait Insurance Co BSC's value of 1.36 is 4.9% below this benchmark. Historically, Bahrain Kuwait Insurance Co BSC's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 1.65 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.43, Bahrain Kuwait Insurance Co 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 an Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.43, based on 415 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. Bahrain Kuwait Insurance Co BSC's current Cyclically Adjusted PB Ratio of 1.36 is 4.9% 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 Bahrain Kuwait Insurance Co BSC and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bahrain Kuwait Insurance Co BSC's current Cyclically Adjusted PB Ratio is 1.36, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bahrain Kuwait Insurance Co BSC stock overvalued right now?
Based on GuruFocus' analysis, Bahrain Kuwait Insurance Co BSC (BAH:BKIC) is currently considered Significantly Undervalued. The stock's GF Value™ is BHD0.74, compared to a current price of BHD0.42 — trading 43.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.36, which is near median its 10-year median of 1.25 and 4.9% below the Insurance industry median of 1.43. Bahrain Kuwait Insurance Co BSC's overall GF Score™ is 84/100 with 5 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 Bahrain Kuwait Insurance Co BSC (BAH:BKIC), the current Cyclically Adjusted PB Ratio is 1.36 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 Bahrain Kuwait Insurance Co BSC (BAH:BKIC) Overvalued in 2026?

Based on GuruFocus' analysis, Bahrain Kuwait Insurance Co BSC stock appears to be undervalued. The current stock price of BHD0.42 is trading 43.1% below its estimated GF Value™ of BHD0.74. GuruFocus considers Bahrain Kuwait Insurance Co BSC to be Significantly Undervalued.

Key valuation signals for BAH:BKIC:

  • Cyclically Adjusted PB Ratio: 1.36 (near median its 10-year median of 1.25)
  • GF Value™: BHD0.74 vs. price of BHD0.42 (43.1% below fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 4.9% below the Insurance median (#200 of 415)

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


Bahrain Kuwait Insurance Co BSC Business Description

Address BKIC Tower 2775, Road 2835, PO Box 10166, Block 428, Seef District, Manama, BHR
Bahrain Kuwait Insurance Co BSC is a Bahrain-based insurance company. The operating segments of the company are Marine and general, Motor, Medical, and Life. Marine and general offers insurance policies to cover various risks of fire, general accident and engineering, group life, marine cargo, marine hull and marine aviation and special contingency; Motor offers insurance policies to cover risks of a motor third party, motor comprehensive and extended warranty; Medical offers insurance policies to cover risks of medical; and Life offers insurance policies to cover risks of group life, education, protection and savings. It generates Majority of revenue from the Marine and general segment.
84GF Score

Get the complete analysis for BAH:BKIC

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

BHD0.42
Price
BHD0.74
GF Value