Saif Power (KAR:SPWL) Cyclically Adjusted PB Ratio: 0.23 (As of Aug. 02, 2026) — 32% Below Median

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KAR:SPWL Saif Power Ltd KAR:SPWL
72 GF Score
Price ₨9.05
GF Value ₨8.61
Valuation Fairly Valued
! 6 Warning Signs
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What is Saif Power Cyclically Adjusted PB Ratio?

Saif Power KAR:SPWL -0.55% 72 Cyclically Adjusted PB Ratio is 0.23 as of Aug. 02, 2026, which is 32% below its 10-year median of 0.34. GuruFocus rates KAR:SPWL with a GF Score™ of 72/100 and a GF Value™ of ₨8.61 (Fairly Valued). The stock has 6 warning signs investors should review. Among 278 Utilities - Independent Power Producers companies, Saif Power ranks better than 87.77% on this metric.

As of today (2026-08-02), Saif Power's current share price is ₨9.05. Saif Power's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨39.78. Saif Power's Cyclically Adjusted PB Ratio for today is 0.23.

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

KAR:SPWL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.34   Max: 0.53
Current: 0.23

During the past years, Saif Power's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.23. And the median was 0.34.

KAR:SPWL's Cyclically Adjusted PB Ratio is ranked better than
87.77% of 278 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.095 vs KAR:SPWL: 0.23

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.

Saif Power's adjusted book value per share data for the three months ended in Mar. 2026 was ₨27.088. 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 ₨39.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saif Power  (KAR:SPWL) 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.


Saif Power Cyclically Adjusted PB Ratio Related Terms


Saif Power Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Saif Power'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.

Saif Power Cyclically Adjusted PB Ratio Chart

Saif Power 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 0.00 0.00 0.50 0.35 0.28

Saif Power 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 0.35 0.29 0.27 0.28 0.24

KAR:SPWL vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Saif Power'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.


Saif Power Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Saif Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Saif Power's Cyclically Adjusted PB Ratio falls into.


KAR:SPWL
72GF Score
Saif Power Ltd KAR:SPWL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saif Power 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.

Saif Power's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.05/39.78
=0.23

* 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.

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

For example, Saif Power'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)
=27.088/330.2130*330.2130
=27.088

Current CPI (Mar. 2026) = 330.2130.

Saif Power Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 23.846 241.432 32.615
201703 0.000 243.801 0.000
201706 25.368 244.955 34.197
201709 25.296 246.819 33.843
201712 26.900 246.524 36.032
201803 28.869 249.554 38.200
201806 28.904 251.989 37.877
201809 30.964 252.439 40.504
201812 31.170 251.233 40.969
201903 33.381 254.202 43.363
201906 34.154 256.143 44.030
201909 36.851 256.759 47.393
201912 38.306 256.974 49.223
202003 40.625 258.115 51.973
202006 40.066 257.797 51.321
202009 40.107 260.280 50.883
202012 41.206 260.474 52.238
202103 42.383 264.877 52.837
202106 40.724 271.696 49.495
202109 41.891 274.310 50.428
202112 42.801 278.802 50.693
202203 36.647 287.504 42.091
202206 37.707 296.311 42.021
202209 35.122 296.808 39.075
202212 36.395 296.797 40.493
202303 36.130 301.836 39.527
202306 32.408 305.109 35.074
202309 33.092 307.789 35.503
202312 31.480 306.746 33.888
202403 32.788 312.332 34.665
202406 32.679 314.175 34.347
202409 32.814 315.301 34.366
202412 29.061 315.605 30.406
202503 29.154 319.799 30.103
202506 28.320 322.561 28.992
202509 28.150 324.800 28.619
202512 26.939 324.054 27.451
202603 27.088 330.213 27.088

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 0.23 mean?
Saif Power (KAR:SPWL) has a Cyclically Adjusted PB Ratio of 0.23 as of Aug. 02, 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 Saif Power and its competitors. This is 32% below median its historical median of 0.34. Over the past decade, Saif Power's Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.53. According to the industry distribution chart, Saif Power ranks #34 out of 278 companies in the Utilities - Independent Power Producers industry, placing it in the top 12.2%.
Is Saif Power's Cyclically Adjusted PB Ratio too high?
Saif Power's current Cyclically Adjusted PB Ratio of 0.23 is 32% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.53. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.10. Saif Power's value of 0.23 is 79% below this industry median. Based on the distribution chart, Saif Power ranks #34 out of 278 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Saif Power has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saif Power's Cyclically Adjusted PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Saif Power ranks #34 out of 278 companies for Cyclically Adjusted PB Ratio. This places Saif Power in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.10. Saif Power's value of 0.23 is 79% below this benchmark. Historically, Saif Power's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 0.53 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.10, Saif Power 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.10, based on 278 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. Saif Power's current Cyclically Adjusted PB Ratio of 0.23 is 79% 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 Saif Power and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saif Power's current Cyclically Adjusted PB Ratio is 0.23, which is 32% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saif Power stock overvalued right now?
Based on GuruFocus' analysis, Saif Power (KAR:SPWL) is currently considered Fairly Valued. The stock's GF Value™ is ₨8.61, compared to a current price of ₨9.05 — trading 5.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.23, which is 32% below median its 10-year median of 0.34 and 79% below the Utilities - Independent Power Producers industry median of 1.10. Saif Power's overall GF Score™ is 72/100 with 6 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 Saif Power (KAR:SPWL), the current Cyclically Adjusted PB Ratio is 0.23 as of Aug. 02, 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 Saif Power (KAR:SPWL) Overvalued in 2026?

Based on GuruFocus' analysis, Saif Power stock appears to be overvalued. The current stock price of ₨9.05 is trading 5.1% above its estimated GF Value™ of ₨8.61. GuruFocus considers Saif Power to be Fairly Valued.

Key valuation signals for KAR:SPWL:

  • Cyclically Adjusted PB Ratio: 0.23 (32% below median its 10-year median of 0.34)
  • GF Value™: ₨8.61 vs. price of ₨9.05 (5.1% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 79% below the Utilities - Independent Power Producers median (#34 of 278)

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


Saif Power Business Description

Address Fazal-ul-Haq Road, Block E, 1st Floor, Kashmir Commercial Complex, Blue Area, Islamabad, PB, PAK
Saif Power Ltd is an independent power producer based in Pakistan. Its principal activities are to own, operate and maintain a combined cycle power plant and sell the electricity to Central Power Purchasing Agency Guarantee (CPPA-G).
72GF Score

Get the complete analysis for KAR:SPWL

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

₨9.05
Price
₨8.61
GF Value