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Ithmaar Holding BSCDFM:ITHMR 42 Cyclically Adjusted PB Ratio is 0.38 as of Sep. 22, 2026, which is 52% above its 10-year median of 0.25. GuruFocus rates DFM:ITHMR with a GF Score™ of 42/100 and a GF Value™ of د.إ0.21 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,272 Banks companies, Ithmaar Holding BSC ranks better than 97.72% on this metric.
The historical rank and industry rank for Ithmaar Holding BSC's Cyclically Adjusted PB Ratio or its related term are showing as below:
DFM:ITHMR'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.25 Max: 0.51
Current: 0.16
During the past years, Ithmaar Holding BSC's highest Cyclically Adjusted PB Ratio was 0.51. The lowest was 0.10. And the median was 0.25.
DFM:ITHMR's Cyclically Adjusted PB Ratio is ranked better than 97.72% of 1272
companies
in the Banks industry
Industry Median: 1.29
vs DFM:ITHMR: 0.16
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.
Ithmaar Holding BSC's adjusted book value per share data for the three months ended in Jun. 2026 was د.إ0.227. 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 د.إ0.51 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ithmaar Holding BSC (DFM:ITHMR) 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.
Ithmaar Holding BSC Cyclically Adjusted PB Ratio Related Terms
Ithmaar Holding BSC Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Ithmaar Holding 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.
Ithmaar Holding BSC Cyclically Adjusted PB Ratio Chart
DFM:ITHMR vs USB, PNC: Cyclically Adjusted PB Ratio Comparison
For the Banks - Regional subindustry, Ithmaar Holding 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.
Ithmaar Holding BSC Cyclically Adjusted PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Ithmaar Holding BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ithmaar Holding BSC's Cyclically Adjusted PB Ratio falls into.
Ithmaar Holding 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.
Ithmaar Holding BSC's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.38 mean?
Ithmaar Holding BSC (DFM:ITHMR) has a Cyclically Adjusted PB Ratio of 0.38 as of Sep. 22, 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 Ithmaar Holding BSC and its competitors. This is 52% above median its historical median of 0.25. Over the past decade, Ithmaar Holding BSC's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.51. According to the industry distribution chart, Ithmaar Holding BSC ranks #29 out of 1272 companies in the Banks industry, placing it in the top 2.3%.
Is Ithmaar Holding BSC's Cyclically Adjusted PB Ratio too high?
Ithmaar Holding BSC's current Cyclically Adjusted PB Ratio of 0.38 is 52% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.51. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Ithmaar Holding BSC's value of 0.38 is 70.5% below this industry median. Based on the distribution chart, Ithmaar Holding BSC ranks #29 out of 1272 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Ithmaar Holding BSC has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ithmaar Holding BSC's Cyclically Adjusted PB Ratio compare to USB and PNC?
According to the Banks industry distribution chart, Ithmaar Holding BSC ranks #29 out of 1272 companies for Cyclically Adjusted PB Ratio. This places Ithmaar Holding BSC in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.29. Ithmaar Holding BSC's value of 0.38 is 70.5% below this benchmark. Historically, Ithmaar Holding BSC's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.51 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 1.29, Ithmaar Holding 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,272 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. Ithmaar Holding BSC's current Cyclically Adjusted PB Ratio of 0.38 is 70.5% 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 Ithmaar Holding BSC and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ithmaar Holding BSC's current Cyclically Adjusted PB Ratio is 0.38, which is 52% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ithmaar Holding BSC stock overvalued right now?
Based on GuruFocus' analysis, Ithmaar Holding BSC (DFM:ITHMR) is currently considered Fairly Valued. The stock's GF Value™ is د.إ0.21, compared to a current price of د.إ0.20 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.38, which is 52% above median its 10-year median of 0.25 and 70.5% below the Banks industry median of 1.29. Ithmaar Holding BSC's overall GF Score™ is 42/100 with 1 warning sign 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 Ithmaar Holding BSC (DFM:ITHMR), the current Cyclically Adjusted PB Ratio is 0.38 as of Sep. 22, 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 Ithmaar Holding BSC (DFM:ITHMR) Overvalued in 2026?
Based on GuruFocus' analysis, Ithmaar Holding BSC stock appears to be undervalued.
The current stock price of د.إ0.20 is trading 6.7% below its estimated GF Value™ of د.إ0.21.
GuruFocus considers Ithmaar Holding BSC to be Fairly Valued.
Key valuation signals for DFM:ITHMR:
Cyclically Adjusted PB Ratio: 0.38 (52% above median its 10-year median of 0.25)
GF Value™: د.إ0.21 vs. price of د.إ0.20 (6.7% below fair value)
Industry Position: 70.5% below the Banks median (#29 of 1272)
No single metric tells the full story. See the DFM:ITHMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ithmaar Holding BSC is a Bahrain-based Islamic financial services group operating through subsidiaries that provide Sharia-compliant retail, corporate, and private banking, as well as investment banking, asset management, and takaful (Islamic insurance). Its main banking operations are conducted via Ithmaar Bank in Bahrain and Faysal Bank in Pakistan, with additional activities in real estate and equipment leasing. The group serves retail customers, corporations, and institutions, offering deposit-taking, financing, and investment products structured to comply with Islamic principles, including the prohibition of interest. Revenue is generated predominantly from retail and corporate banking through financing income and fees, supplemented by investment and asset management activities. Operations are concentrated in Bahrain and Pakistan, with a presence in other regional markets. Ithmaar Holding is listed on the Bahrain Bourse and previously on the Dubai Financial Market.
42GF Score
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