Gulf Hotels Group BSC (BAH:GHG) Cyclically Adjusted PB Ratio: 0.64 (As of Sep. 16, 2026) — 14% Below Median

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BAH:GHG Gulf Hotels Group BSC BAH:GHG
56 GF Score
Price BHD0.37
GF Value BHD0.35
Valuation Fairly Valued
! 5 Warning Signs
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What is Gulf Hotels Group BSC Cyclically Adjusted PB Ratio?

Gulf Hotels Group BSC BAH:GHG 56 Cyclically Adjusted PB Ratio is 0.64 as of Sep. 16, 2026, which is 14% below its 10-year median of 0.74. GuruFocus rates BAH:GHG with a GF Score™ of 56/100 and a GF Value™ of BHD0.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 602 Travel & Leisure companies, Gulf Hotels Group BSC ranks better than 67.94% on this metric.

As of today (2026-09-16), Gulf Hotels Group BSC's current share price is BHD0.37. Gulf Hotels Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BHD0.58. Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio for today is 0.64.

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

BAH:GHG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.74   Max: 0.9
Current: 0.66

During the past years, Gulf Hotels Group BSC's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.56. And the median was 0.74.

BAH:GHG's Cyclically Adjusted PB Ratio is ranked better than
67.94% of 602 companies
in the Travel & Leisure industry
Industry Median: 1.13 vs BAH:GHG: 0.66

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 Hotels Group BSC's adjusted book value per share data for the three months ended in Jun. 2026 was BHD0.477. 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 BHD0.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Hotels Group BSC  (BAH:GHG) 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 Hotels Group BSC Cyclically Adjusted PB Ratio Related Terms


Gulf Hotels Group BSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gulf Hotels Group 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.

Gulf Hotels Group BSC Cyclically Adjusted PB Ratio Chart

Gulf Hotels Group 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 0.65 0.72 0.78 0.62 0.72

Gulf Hotels Group BSC 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 0.82 0.71 0.72 0.69 0.63

BAH:GHG vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Gulf Hotels Group 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.


Gulf Hotels Group BSC Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio falls into.


BAH:GHG
56GF Score
Gulf Hotels Group BSC BAH:GHG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Hotels Group 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.

Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.37/0.575
=0.64

* 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 Hotels Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Gulf Hotels Group BSC'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)
=0.477/333.9520*333.9520
=0.477

Current CPI (Jun. 2026) = 333.9520.

Gulf Hotels Group BSC Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.364 238.132 0.510
201606 0.000 241.018 0.000
201609 0.443 241.428 0.613
201612 0.460 241.432 0.636
201703 0.453 243.801 0.621
201706 0.463 244.955 0.631
201709 0.451 246.819 0.610
201712 0.485 246.524 0.657
201803 0.483 249.554 0.646
201806 0.492 251.989 0.652
201809 0.497 252.439 0.657
201812 0.503 251.233 0.669
201903 0.486 254.202 0.638
201906 0.493 256.143 0.643
201909 0.501 256.759 0.652
201912 0.509 256.974 0.661
202009 0.459 260.280 0.589
202012 0.445 260.474 0.571
202103 0.435 264.877 0.548
202106 0.433 271.696 0.532
202109 0.437 274.310 0.532
202112 0.451 278.802 0.540
202203 0.441 287.504 0.512
202206 0.443 296.311 0.499
202209 0.448 296.808 0.504
202212 0.458 296.797 0.515
202303 0.446 301.836 0.493
202306 0.450 305.109 0.493
202309 0.451 307.789 0.489
202312 0.462 306.746 0.503
202403 0.447 312.332 0.478
202406 0.455 314.175 0.484
202409 0.457 315.301 0.484
202412 0.467 315.605 0.494
202503 0.453 319.799 0.473
202506 0.464 322.561 0.480
202509 0.469 324.800 0.482
202512 0.488 324.054 0.503
202603 0.468 330.213 0.473
202606 0.477 333.952 0.477

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 0.64 mean?
Gulf Hotels Group BSC (BAH:GHG) has a Cyclically Adjusted PB Ratio of 0.64 as of Sep. 16, 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 Hotels Group BSC and its competitors. This is 14% below median its historical median of 0.74. Over the past decade, Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio has ranged from 0.56 to 0.90. According to the industry distribution chart, Gulf Hotels Group BSC ranks #193 out of 602 companies in the Travel & Leisure industry, placing it in the top 32.1%.
Is Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio too high?
Gulf Hotels Group BSC's current Cyclically Adjusted PB Ratio of 0.64 is 14% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 0.90. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.13. Gulf Hotels Group BSC's value of 0.64 is 43.4% below this industry median. Based on the distribution chart, Gulf Hotels Group BSC ranks #193 out of 602 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Gulf Hotels Group BSC has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Gulf Hotels Group BSC ranks #193 out of 602 companies for Cyclically Adjusted PB Ratio. This puts Gulf Hotels Group BSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Gulf Hotels Group BSC's value of 0.64 is 43.4% below this benchmark. Historically, Gulf Hotels Group BSC's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 0.90 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 1.13, Gulf Hotels Group 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.13, based on 602 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 Hotels Group BSC's current Cyclically Adjusted PB Ratio of 0.64 is 43.4% 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 Gulf Hotels Group BSC and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Hotels Group BSC's current Cyclically Adjusted PB Ratio is 0.64, which is 14% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Hotels Group BSC stock overvalued right now?
Based on GuruFocus' analysis, Gulf Hotels Group BSC (BAH:GHG) is currently considered Fairly Valued. The stock's GF Value™ is BHD0.35, compared to a current price of BHD0.37 — trading 5.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 14% below median its 10-year median of 0.74 and 43.4% below the Travel & Leisure industry median of 1.13. Gulf Hotels Group BSC's overall GF Score™ is 56/100 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 Gulf Hotels Group BSC (BAH:GHG), the current Cyclically Adjusted PB Ratio is 0.64 as of Sep. 16, 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 Hotels Group BSC (BAH:GHG) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Hotels Group BSC stock appears to be overvalued. The current stock price of BHD0.37 is trading 5.7% above its estimated GF Value™ of BHD0.35. GuruFocus considers Gulf Hotels Group BSC to be Fairly Valued.

Key valuation signals for BAH:GHG:

  • Cyclically Adjusted PB Ratio: 0.64 (14% below median its 10-year median of 0.74)
  • GF Value™: BHD0.35 vs. price of BHD0.37 (5.7% above fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 43.4% below the Travel & Leisure median (#193 of 602)

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


Gulf Hotels Group BSC Business Description

Address Road 3801, Block 338, PO Box 580, Office 1001, Building 15, Manama, BHR
Gulf Hotels Group BSC is engaged in providing hospitality services. The company operates a diversified portfolio of hospitality and related businesses, including hotels and resorts, branded residences, food and beverage concepts, and specialized hospitality support services. The company has three segments: i) Hotel room operations including Hotel rooms and rental and executive apartments and offices, ii) Food and beverages segment including retail sale of food and beverages and convention operations, and iii) Investments and other activities segment. The majority of the revenue is generated from its Food and beverages segment. Geographically, the company's maximum revenue is generated from the Kingdom of Bahrain and the rest from the United Arab Emirates and Sri Lanka.
56GF Score

Get the complete analysis for BAH:GHG

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

BHD0.37
Price
BHD0.35
GF Value