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Allam Bank BSC (BAH:SALAM) Cyclically Adjusted PB Ratio : 1.74 (As of Jun. 18, 2024)


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What is Allam Bank BSC Cyclically Adjusted PB Ratio?

As of today (2024-06-18), Allam Bank BSC's current share price is BHD0.243. Allam Bank BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was BHD0.14. Allam Bank BSC's Cyclically Adjusted PB Ratio for today is 1.74.

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

BAH:SALAM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.7   Max: 1.74
Current: 1.72

During the past years, Allam Bank BSC's highest Cyclically Adjusted PB Ratio was 1.74. The lowest was 0.54. And the median was 0.70.

BAH:SALAM's Cyclically Adjusted PB Ratio is ranked worse than
84.85% of 1201 companies
in the Banks industry
Industry Median: 0.9 vs BAH:SALAM: 1.72

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.

Allam Bank BSC's adjusted book value per share data for the three months ended in Mar. 2024 was BHD0.145. 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 BHD0.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Allam Bank BSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Allam Bank 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.

* Premium members only.

Allam Bank BSC Cyclically Adjusted PB Ratio Chart

Allam Bank BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.66 0.66 1.37

Allam Bank BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.65 1.01 1.19 1.37 1.48

Competitive Comparison of Allam Bank BSC's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Allam Bank 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.


Allam Bank BSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Allam Bank BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Allam Bank 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.

Allam Bank BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.243/0.14
=1.74

* 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.

Allam Bank BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Allam Bank BSC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.145/131.7762*131.7762
=0.145

Current CPI (Mar. 2024) = 131.7762.

Allam Bank BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.163 100.560 0.214
201409 0.115 100.428 0.151
201412 0.116 99.070 0.154
201503 0.114 99.621 0.151
201506 0.115 100.684 0.151
201509 0.116 100.392 0.152
201512 0.116 99.792 0.153
201603 0.114 100.470 0.150
201606 0.115 101.688 0.149
201609 0.118 101.861 0.153
201612 0.144 101.863 0.186
201703 0.116 102.862 0.149
201706 0.118 103.349 0.150
201709 0.119 104.136 0.151
201712 0.111 104.011 0.141
201803 0.108 105.290 0.135
201806 0.109 106.317 0.135
201809 0.112 106.507 0.139
201812 0.113 105.998 0.140
201903 0.112 107.251 0.138
201906 0.114 108.070 0.139
201909 0.118 108.329 0.144
201912 0.120 108.420 0.146
202003 0.000 108.902 0.000
202006 0.109 108.767 0.132
202009 0.110 109.815 0.132
202012 0.106 109.897 0.127
202103 0.108 111.754 0.127
202106 0.111 114.631 0.128
202109 0.112 115.734 0.128
202112 0.115 117.630 0.129
202203 0.112 121.301 0.122
202206 0.111 125.017 0.117
202209 0.113 125.227 0.119
202212 0.117 125.222 0.123
202303 0.120 127.348 0.124
202306 0.122 128.729 0.125
202309 0.127 129.860 0.129
202312 0.131 129.419 0.133
202403 0.145 131.776 0.145

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.


Allam Bank BSC  (BAH:SALAM) 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.


Allam Bank BSC Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Allam Bank BSC's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Allam Bank BSC (BAH:SALAM) Business Description

Traded in Other Exchanges
Address
Burj Al Khair 3, P.O.Box 18282, Manama, BHR
Al Salam Bank BSC is a banking corporation operating in Bahrain. It provides various Islamic banking products and services in the Kingdom of Bahrain. The company offers money market, trading, and treasury services, including short-term commodities, managing portfolios, and serving clients with a range of investment products, funds, and alternative investments. Besides, it also manages the un-deployed capital of the company by investing it in high-quality financial instruments. The company's reportable segments namely Banking, Treasury, Takaful and Investments. It generates maximum revenue from the Banking segment.

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