Shuaa Capital PSC (DFM:SHUAA) Cyclically Adjusted PB Ratio: 0.32 (As of Jul. 24, 2026) — 20% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

DFM:SHUAA Shuaa Capital PSC DFM:SHUAA
24 GF Score
Price د.إ0.20
GF Value د.إ0.09
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Shuaa Capital PSC Cyclically Adjusted PB Ratio?

Shuaa Capital PSC DFM:SHUAA 24 Cyclically Adjusted PB Ratio is 0.32 as of Jul. 24, 2026, which is 20% below its 10-year median of 0.40. GuruFocus rates DFM:SHUAA with a GF Score™ of 24/100 and a GF Value™ of د.إ0.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,000 Asset Management companies, Shuaa Capital PSC ranks better than 86.6% on this metric.

As of today (2026-07-24), Shuaa Capital PSC's current share price is د.إ0.196. Shuaa Capital PSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ0.62. Shuaa Capital PSC's Cyclically Adjusted PB Ratio for today is 0.32.

The historical rank and industry rank for Shuaa Capital PSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

DFM:SHUAA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.4   Max: 0.85
Current: 0.32

During the past years, Shuaa Capital PSC's highest Cyclically Adjusted PB Ratio was 0.85. The lowest was 0.13. And the median was 0.40.

DFM:SHUAA's Cyclically Adjusted PB Ratio is ranked better than
86.6% of 1000 companies
in the Asset Management industry
Industry Median: 0.85 vs DFM:SHUAA: 0.32

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.

Shuaa Capital PSC's adjusted book value per share data for the three months ended in Mar. 2026 was د.إ0.156. 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.إ0.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shuaa Capital PSC  (DFM:SHUAA) 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.


Shuaa Capital PSC Cyclically Adjusted PB Ratio Related Terms


Shuaa Capital PSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shuaa Capital PSC'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.

Shuaa Capital PSC Cyclically Adjusted PB Ratio Chart

Shuaa Capital PSC 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 0.74 0.45 0.25 0.31 0.38

Shuaa Capital PSC 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 0.31 0.36 0.38 0.38 0.30

DFM:SHUAA vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Shuaa Capital PSC'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.


Shuaa Capital PSC Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Shuaa Capital PSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shuaa Capital PSC's Cyclically Adjusted PB Ratio falls into.


DFM:SHUAA
24GF Score
Shuaa Capital PSC DFM:SHUAA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shuaa Capital PSC 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.

Shuaa Capital PSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.196/0.62
=0.32

* 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.

Shuaa Capital PSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shuaa Capital PSC'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)
=0.156/330.2130*330.2130
=0.156

Current CPI (Mar. 2026) = 330.2130.

Shuaa Capital PSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.826 241.018 1.132
201609 0.793 241.428 1.085
201612 0.775 241.432 1.060
201703 0.798 243.801 1.081
201706 0.809 244.955 1.091
201709 0.831 246.819 1.112
201712 0.844 246.524 1.131
201803 0.816 249.554 1.080
201806 0.830 251.989 1.088
201809 0.861 252.439 1.126
201812 0.310 251.233 0.407
201903 0.762 254.202 0.990
201906 0.301 256.143 0.388
201909 0.527 256.759 0.678
201912 0.578 256.974 0.743
202003 0.413 258.115 0.528
202006 0.519 257.797 0.665
202009 0.561 260.280 0.712
202012 0.588 260.474 0.745
202103 0.603 264.877 0.752
202106 0.607 271.696 0.738
202109 0.615 274.310 0.740
202112 0.573 278.802 0.679
202203 0.571 287.504 0.656
202206 0.492 296.311 0.548
202209 0.481 296.808 0.535
202212 0.492 296.797 0.547
202303 0.498 301.836 0.545
202306 0.501 305.109 0.542
202309 0.268 307.789 0.288
202312 0.136 306.746 0.146
202403 0.094 312.332 0.099
202406 0.083 314.175 0.087
202409 0.073 315.301 0.076
202412 0.024 315.605 0.025
202503 0.161 319.799 0.166
202506 0.173 322.561 0.177
202509 0.170 324.800 0.173
202512 0.159 324.054 0.162
202603 0.156 330.213 0.156

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 0.32 mean?
Shuaa Capital PSC (DFM:SHUAA) has a Cyclically Adjusted PB Ratio of 0.32 as of Jul. 24, 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 Shuaa Capital PSC and its competitors. This is 20% below median its historical median of 0.40. Over the past decade, Shuaa Capital PSC's Cyclically Adjusted PB Ratio has ranged from 0.13 to 0.85. According to the industry distribution chart, Shuaa Capital PSC ranks #134 out of 1000 companies in the Asset Management industry, placing it in the top 13.4%.
Is Shuaa Capital PSC's Cyclically Adjusted PB Ratio too high?
Shuaa Capital PSC's current Cyclically Adjusted PB Ratio of 0.32 is 20% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.85. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Shuaa Capital PSC's value of 0.32 is 62.4% below this industry median. Based on the distribution chart, Shuaa Capital PSC ranks #134 out of 1000 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Shuaa Capital PSC has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shuaa Capital PSC's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Shuaa Capital PSC ranks #134 out of 1000 companies for Cyclically Adjusted PB Ratio. This places Shuaa Capital PSC in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.85. Shuaa Capital PSC's value of 0.32 is 62.4% below this benchmark. Historically, Shuaa Capital PSC's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 0.85 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.85, Shuaa Capital PSC 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 1,000 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. Shuaa Capital PSC's current Cyclically Adjusted PB Ratio of 0.32 is 62.4% 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 Shuaa Capital PSC and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shuaa Capital PSC's current Cyclically Adjusted PB Ratio is 0.32, which is 20% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shuaa Capital PSC stock overvalued right now?
Based on GuruFocus' analysis, Shuaa Capital PSC (DFM:SHUAA) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ0.09, compared to a current price of د.إ0.20 — trading 117.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 20% below median its 10-year median of 0.40 and 62.4% below the Asset Management industry median of 0.85. Shuaa Capital PSC's overall GF Score™ is 24/100 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 Shuaa Capital PSC (DFM:SHUAA), the current Cyclically Adjusted PB Ratio is 0.32 as of Jul. 24, 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 Shuaa Capital PSC (DFM:SHUAA) Overvalued in 2026?

Based on GuruFocus' analysis, Shuaa Capital PSC stock appears to be overvalued. The current stock price of د.إ0.20 is trading 117.8% above its estimated GF Value™ of د.إ0.09. GuruFocus considers Shuaa Capital PSC to be Significantly Overvalued.

Key valuation signals for DFM:SHUAA:

  • Cyclically Adjusted PB Ratio: 0.32 (20% below median its 10-year median of 0.40)
  • GF Value™: د.إ0.09 vs. price of د.إ0.20 (117.8% above fair value)
  • GF Score™: 24/100 with 4 warning signs
  • Industry Position: 62.4% below the Asset Management median (#134 of 1000)

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


Shuaa Capital PSC Business Description

Address The H Hotel Dubai, Office Tower, Level 15, Office No. 1502, Dubai, ARE
Shuaa Capital PSC is an investment company that provides a range of asset management, corporate finance advisory, capital markets, lending, and credit services to institutions, governments, and small and medium-sized enterprises. Its operating segments include Asset Management, Investment Banking, and Corporate. It acts as a banking, finance, and investment advisor and a financial and monetary intermediary to the company. The company operates mainly in the Arab region in general, the U.A.E., and G.C.C. markets, & is actively involved in public & private capital markets in the region. The majority of its revenue is derived from the asset management segment, which manages real estate funds & projects, investment portfolios, and funds in the regional equities, fixed income, & other sectors.
24GF Score

Get the complete analysis for DFM:SHUAA

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

د.إ0.20
Price
د.إ0.09
GF Value