Emaar Misr for DevelopmentE (CAI:EMFD) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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CAI:EMFD Emaar Misr for Development SAE CAI:EMFD
64 GF Score
Price E£13.40
GF Value E£7.44
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Emaar Misr for DevelopmentE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Emaar Misr for DevelopmentE  (CAI:EMFD) 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.


Emaar Misr for DevelopmentE Cyclically Adjusted PB Ratio Related Terms


Emaar Misr for DevelopmentE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Emaar Misr for DevelopmentE'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.

Emaar Misr for DevelopmentE Cyclically Adjusted PB Ratio Chart

Emaar Misr for DevelopmentE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.82 0.82 1.45

Emaar Misr for DevelopmentE Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 1.38 1.81 1.45 1.65 1.74

Emaar Misr for DevelopmentE Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Emaar Misr for DevelopmentE'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.


Emaar Misr for DevelopmentE Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Emaar Misr for DevelopmentE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Emaar Misr for DevelopmentE's Cyclically Adjusted PB Ratio falls into.


CAI:EMFD
64GF Score
Emaar Misr for Development SAE CAI:EMFD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emaar Misr for DevelopmentE 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.

Emaar Misr for DevelopmentE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 is calculated as:

For example, Emaar Misr for DevelopmentE's adjusted Book Value per Share data for the three months ended in Jun. 2025 was:

Adj_Book=Book Value per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=11.869/322.5610*322.5610
=11.869

Current CPI (Jun. 2025) = 322.5610.

Emaar Misr for DevelopmentE Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.459 238.638 1.972
201509 1.462 237.945 1.982
201512 1.488 236.525 2.029
201603 1.544 238.132 2.091
201606 1.641 241.018 2.196
201609 1.723 241.428 2.302
201612 1.860 241.432 2.485
201703 1.956 243.801 2.588
201706 2.075 244.955 2.732
201709 2.181 246.819 2.850
201712 2.368 246.524 3.098
201803 2.479 249.554 3.204
201806 2.611 251.989 3.342
201809 2.756 252.439 3.522
201812 3.122 251.233 4.008
201903 3.215 254.202 4.080
201906 3.143 256.143 3.958
201909 3.261 256.759 4.097
201912 3.506 256.974 4.401
202006 3.635 257.797 4.548
202009 3.732 260.280 4.625
202012 4.022 260.474 4.981
202103 4.139 264.877 5.040
202106 4.316 271.696 5.124
202109 4.644 274.310 5.461
202112 4.932 278.802 5.706
202203 5.281 287.504 5.925
202206 5.612 296.311 6.109
202209 6.014 296.808 6.536
202212 6.381 296.797 6.935
202303 6.873 301.836 7.345
202306 7.151 305.109 7.560
202309 7.482 307.789 7.841
202312 7.885 306.746 8.292
202403 9.151 312.332 9.451
202406 9.573 314.175 9.829
202409 10.169 315.301 10.403
202412 11.150 315.605 11.396
202503 11.761 319.799 11.863
202506 11.869 322.561 11.869

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.

Is Emaar Misr for DevelopmentE (CAI:EMFD) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar Misr for DevelopmentE stock appears to be overvalued. The current stock price of E£13.40 is trading 80.1% above its estimated GF Value™ of E£7.44. GuruFocus considers Emaar Misr for DevelopmentE to be Significantly Overvalued.

Key valuation signals for CAI:EMFD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: E£7.44 vs. price of E£13.40 (80.1% above fair value)
  • GF Score™: 64/100 with 9 warning signs

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


Emaar Misr for DevelopmentE Business Description

Address Mokattam, P.O. Box 229, Cairo, EGY, 11571
Emaar Misr for Development SAE engages in the property development activities in Egypt. Its projects include Uptown Cairo, a mixed-use development project, which offers a range of amenities, including shopping centers, a business park, hotels, a spa, and golf courses. The company is also developing Mivida, a residential community, which consists of amenities, such as business and central park.
64GF Score

Get the complete analysis for CAI:EMFD

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

E£13.40
Price
E£7.44
GF Value