Watania International Holding PJSC (DFM:WATANIA) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.

DFM:WATANIA Watania International Holding PJSC DFM:WATANIA
37 GF Score
Price د.إ0.68
GF Value د.إ0.69
Valuation Fairly Valued
! 3 Warning Signs
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What is Watania International Holding PJSC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Watania International Holding PJSC  (DFM:WATANIA) 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.


Watania International Holding PJSC Cyclically Adjusted PB Ratio Related Terms


Watania International Holding PJSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Watania International Holding PJSC'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.

Watania International Holding PJSC Cyclically Adjusted PB Ratio Chart

Watania International Holding PJSC 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 1.59 0.82 0.68 0.76 0.70

Watania International Holding PJSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.68 0.72 0.70 0.64 0.00

DFM:WATANIA vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, Watania International Holding PJSC'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.


Watania International Holding PJSC Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Watania International Holding PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Watania International Holding PJSC's Cyclically Adjusted PB Ratio falls into.


DFM:WATANIA
37GF Score
Watania International Holding PJSC DFM:WATANIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Watania International Holding PJSC 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.

Watania International Holding PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Watania International Holding PJSC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.046/333.9520*333.9520
=1.046

Current CPI (Jun. 2026) = 333.9520.

Watania International Holding PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.479 241.428 0.663
201612 0.513 241.432 0.710
201703 0.536 243.801 0.734
201706 0.729 244.955 0.994
201709 0.756 246.819 1.023
201712 0.774 246.524 1.048
201803 0.793 249.554 1.061
201806 0.805 251.989 1.067
201809 0.828 252.439 1.095
201812 0.819 251.233 1.089
201903 0.833 254.202 1.094
201906 0.826 256.143 1.077
201909 0.838 256.759 1.090
201912 0.851 256.974 1.106
202003 0.868 258.115 1.123
202006 0.888 257.797 1.150
202009 0.955 260.280 1.225
202012 0.970 260.474 1.244
202103 1.018 264.877 1.283
202106 0.967 271.696 1.189
202109 0.975 274.310 1.187
202112 1.065 278.802 1.276
202203 1.053 287.504 1.223
202206 0.940 296.311 1.059
202209 0.897 296.808 1.009
202212 0.840 296.797 0.945
202303 0.838 301.836 0.927
202306 0.834 305.109 0.913
202309 0.823 307.789 0.893
202312 0.865 306.746 0.942
202403 0.905 312.332 0.968
202406 0.908 314.175 0.965
202409 0.895 315.301 0.948
202412 0.881 315.605 0.932
202503 0.905 319.799 0.945
202506 0.940 322.561 0.973
202509 0.991 324.800 1.019
202512 1.047 324.054 1.079
202603 1.025 330.213 1.037
202606 1.046 333.952 1.046

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 Watania International Holding PJSC (DFM:WATANIA) Overvalued in 2026?

Based on GuruFocus' analysis, Watania International Holding PJSC stock appears to be undervalued. The current stock price of د.إ0.68 is trading 2.2% below its estimated GF Value™ of د.إ0.69. GuruFocus considers Watania International Holding PJSC to be Fairly Valued.

Key valuation signals for DFM:WATANIA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: د.إ0.69 vs. price of د.إ0.68 (2.2% below fair value)
  • GF Score™: 37/100 with 3 warning signs

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


Watania International Holding PJSC Business Description

Address The Galleries, Building 2, Level 13, Downtown Jebel Ali, Dubai, ARE
Watania International Holding PJSC is an Investment holding company. The principal activity of the company includes investment in subsidiaries and securities such as agricultural, commercial, educational, energy, industrial, technological, and tourist enterprises & management, outer space projects, health care, sports, and water enterprises & development, oil & natural gas projects. The company's segments include: General takaful; Group family; and Family. It derives maximum revenue from General Takaful segment.
37GF Score

Get the complete analysis for DFM:WATANIA

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

د.إ0.68
Price
د.إ0.69
GF Value