Solidarity Bahrain BSC (BAH:SOLID) Cyclically Adjusted PB Ratio: 1.52 (As of Jul. 26, 2026) — 29% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:SOLID Solidarity Bahrain BSC BAH:SOLID
42 GF Score
Price BHD0.40
GF Value BHD0.68
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Solidarity Bahrain BSC Cyclically Adjusted PB Ratio?

Solidarity Bahrain BSC BAH:SOLID 42 Cyclically Adjusted PB Ratio is 1.52 as of Jul. 26, 2026, which is 29% above its 10-year median of 1.18. GuruFocus rates BAH:SOLID with a GF Score™ of 42/100 and a GF Value™ of BHD0.68 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 418 Insurance companies, Solidarity Bahrain BSC ranks worse than 54.55% on this metric.

As of today (2026-07-26), Solidarity Bahrain BSC's current share price is BHD0.395. Solidarity Bahrain BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BHD0.26. Solidarity Bahrain BSC's Cyclically Adjusted PB Ratio for today is 1.52.

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

BAH:SOLID' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.18   Max: 2
Current: 1.53

During the past years, Solidarity Bahrain BSC's highest Cyclically Adjusted PB Ratio was 2.00. The lowest was 0.82. And the median was 1.18.

BAH:SOLID's Cyclically Adjusted PB Ratio is ranked worse than
54.55% of 418 companies
in the Insurance industry
Industry Median: 1.415 vs BAH:SOLID: 1.53

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.

Solidarity Bahrain BSC's adjusted book value per share data for the three months ended in Mar. 2026 was BHD0.548. 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 BHD0.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Solidarity Bahrain BSC  (BAH:SOLID) 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.


Solidarity Bahrain BSC Cyclically Adjusted PB Ratio Related Terms


Solidarity Bahrain BSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solidarity 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.

Solidarity Bahrain BSC Cyclically Adjusted PB Ratio Chart

Solidarity 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 1.25 0.90 1.17 1.38 1.78

Solidarity 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 1.52 1.68 1.95 1.78 1.67

BAH:SOLID vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, Solidarity 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.


Solidarity Bahrain BSC Cyclically Adjusted PB Ratio vs Insurance Industry

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

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


BAH:SOLID
42GF Score
Solidarity Bahrain BSC BAH:SOLID
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solidarity 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.395/0.26
=1.52

* 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.

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

For example, Solidarity 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)
=0.548/330.2130*330.2130
=0.548

Current CPI (Mar. 2026) = 330.2130.

Solidarity Bahrain BSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.163 241.018 0.223
201609 0.164 241.428 0.224
201612 0.162 241.432 0.222
201703 0.161 243.801 0.218
201706 0.159 244.955 0.214
201709 0.155 246.819 0.207
201712 0.154 246.524 0.206
201803 0.147 249.554 0.195
201806 0.162 251.989 0.212
201809 0.165 252.439 0.216
201812 0.169 251.233 0.222
201903 0.166 254.202 0.216
201906 0.170 256.143 0.219
201909 0.174 256.759 0.224
201912 0.178 256.974 0.229
202003 0.000 258.115 0.000
202006 0.173 257.797 0.222
202009 0.179 260.280 0.227
202012 0.185 260.474 0.235
202103 0.179 264.877 0.223
202106 0.184 271.696 0.224
202109 0.190 274.310 0.229
202112 0.196 278.802 0.232
202203 0.190 287.504 0.218
202206 0.185 296.311 0.206
202209 0.188 296.808 0.209
202212 0.193 296.797 0.215
202303 0.185 301.836 0.202
202306 0.192 305.109 0.208
202309 0.199 307.789 0.213
202312 0.214 306.746 0.230
202403 0.202 312.332 0.214
202406 0.208 314.175 0.219
202409 0.214 315.301 0.224
202412 0.232 315.605 0.243
202503 0.403 319.799 0.416
202506 0.497 322.561 0.509
202509 0.559 324.800 0.568
202512 0.567 324.054 0.578
202603 0.548 330.213 0.548

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 1.52 mean?
Solidarity Bahrain BSC (BAH:SOLID) has a Cyclically Adjusted PB Ratio of 1.52 as of Jul. 26, 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 Solidarity Bahrain BSC and its competitors. This is 29% above median its historical median of 1.18. Over the past decade, Solidarity Bahrain BSC's Cyclically Adjusted PB Ratio has ranged from 0.82 to 2.00. According to the industry distribution chart, Solidarity Bahrain BSC ranks #228 out of 418 companies in the Insurance industry, placing it in the top 54.5%.
Is Solidarity Bahrain BSC's Cyclically Adjusted PB Ratio too high?
Solidarity Bahrain BSC's current Cyclically Adjusted PB Ratio of 1.52 is 29% above median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.00. The Insurance industry median Cyclically Adjusted PB Ratio is 1.42. Solidarity Bahrain BSC's value of 1.52 is 7.4% above this industry median. Based on the distribution chart, Solidarity Bahrain BSC ranks #228 out of 418 companies in the Insurance industry, which is below the industry midpoint. Overall, Solidarity Bahrain BSC has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solidarity Bahrain BSC's Cyclically Adjusted PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Solidarity Bahrain BSC ranks #228 out of 418 companies for Cyclically Adjusted PB Ratio. This places Solidarity Bahrain BSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Solidarity Bahrain BSC's value of 1.52 is 7.4% above this benchmark. Historically, Solidarity Bahrain BSC's own Cyclically Adjusted PB Ratio has ranged from 0.82 to 2.00 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.42, Solidarity Bahrain BSC has consistently been above 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 1.42, based on 418 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. Solidarity Bahrain BSC's current Cyclically Adjusted PB Ratio of 1.52 is 7.4% above 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 Solidarity Bahrain BSC and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solidarity Bahrain BSC's current Cyclically Adjusted PB Ratio is 1.52, which is 29% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solidarity Bahrain BSC stock overvalued right now?
Based on GuruFocus' analysis, Solidarity Bahrain BSC (BAH:SOLID) is currently considered Possible Value Trap. The stock's GF Value™ is BHD0.68, compared to a current price of BHD0.40 — trading 41.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 29% above median its 10-year median of 1.18 and 7.4% above the Insurance industry median of 1.42. Solidarity Bahrain BSC's overall GF Score™ is 42/100 with 4 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 Solidarity Bahrain BSC (BAH:SOLID), the current Cyclically Adjusted PB Ratio is 1.52 as of Jul. 26, 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 Solidarity Bahrain BSC (BAH:SOLID) Overvalued in 2026?

Based on GuruFocus' analysis, Solidarity Bahrain BSC stock appears to be undervalued. The current stock price of BHD0.40 is trading 41.9% below its estimated GF Value™ of BHD0.68. GuruFocus considers Solidarity Bahrain BSC to be Possible Value Trap.

Key valuation signals for BAH:SOLID:

  • Cyclically Adjusted PB Ratio: 1.52 (29% above median its 10-year median of 1.18)
  • GF Value™: BHD0.68 vs. price of BHD0.40 (41.9% below fair value)
  • GF Score™: 42/100 with 4 warning signs
  • Industry Position: 7.4% above the Insurance median (#228 of 418)

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


Solidarity Bahrain BSC Business Description

Address Road 2825, PO Box 5282, Flat 71, 7th Floor - Seef Tower, Building 2080, Block 428, Seef Area, Manama, BHR
Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides motor insurance, home insurance, car insurance, personal accident insurance, medical insurance, travel insurance, and other products. The company operates in the business segments, namely, Non-motor, which includes fire, marine, general accident, liability, Aviation, and engineering lines of business; Motor; Medical; Group Life, which includes group life and credit life business; and Family Takaful, which includes long-term decreasing term and level term business. The maximum of the company's revenue is from the Motor segment. Geographically operates in Bahrain, the UAE, Saudi Arabia, Oman, Kuwait, and other countries.
42GF Score

Get the complete analysis for BAH:SOLID

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

BHD0.40
Price
BHD0.68
GF Value