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GFH Financial Group BSC (KUW:GFH) Cyclically Adjusted PB Ratio : 1.09 (As of Jun. 20, 2024)


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What is GFH Financial Group BSC Cyclically Adjusted PB Ratio?

As of today (2024-06-20), GFH Financial Group BSC's current share price is KWD0.087. GFH Financial Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KWD0.08. GFH Financial Group BSC's Cyclically Adjusted PB Ratio for today is 1.09.

The historical rank and industry rank for GFH Financial Group BSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

KUW:GFH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 0.9   Max: 1.07
Current: 0.97

During the past years, GFH Financial Group BSC's highest Cyclically Adjusted PB Ratio was 1.07. The lowest was 0.81. And the median was 0.90.

KUW:GFH's Cyclically Adjusted PB Ratio is ranked worse than
55.57% of 1202 companies
in the Banks industry
Industry Median: 0.9 vs KUW:GFH: 0.97

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.

GFH Financial Group BSC's adjusted book value per share data for the three months ended in Mar. 2024 was KWD0.081. 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 KWD0.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GFH Financial Group BSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GFH Financial Group 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.

* Premium members only.

GFH Financial Group BSC Cyclically Adjusted PB Ratio Chart

GFH Financial Group BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.81

GFH Financial Group BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.91 0.97 0.88 0.81 1.03

Competitive Comparison of GFH Financial Group BSC's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, GFH Financial Group 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.


GFH Financial Group BSC's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, GFH Financial Group BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where GFH Financial Group BSC's Cyclically Adjusted PB Ratio falls into.



GFH Financial Group 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.

GFH Financial Group BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.087/0.08
=1.09

* 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.

GFH Financial Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, GFH Financial Group BSC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.081/131.7762*131.7762
=0.081

Current CPI (Mar. 2024) = 131.7762.

GFH Financial Group BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.029 99.070 0.039
201503 0.031 99.621 0.041
201506 0.031 100.684 0.041
201509 0.066 100.392 0.087
201512 0.066 99.792 0.087
201603 0.066 100.470 0.087
201606 0.066 101.688 0.086
201609 0.066 101.861 0.085
201612 0.085 101.863 0.110
201703 0.082 102.862 0.105
201706 0.106 103.349 0.135
201709 0.085 104.136 0.108
201712 0.089 104.011 0.113
201803 0.093 105.290 0.116
201806 0.096 106.317 0.119
201809 0.088 106.507 0.109
201812 0.086 105.998 0.107
201903 0.085 107.251 0.104
201906 0.084 108.070 0.102
201909 0.093 108.329 0.113
201912 0.087 108.420 0.106
202003 0.000 108.902 0.000
202006 0.074 108.767 0.090
202009 0.077 109.815 0.092
202012 0.080 109.897 0.096
202103 0.080 111.754 0.094
202106 0.082 114.631 0.094
202109 0.081 115.734 0.092
202112 0.082 117.630 0.092
202203 0.089 121.301 0.097
202206 0.086 125.017 0.091
202209 0.085 125.227 0.089
202212 0.088 125.222 0.093
202303 0.084 127.348 0.087
202306 0.086 128.729 0.088
202309 0.088 129.860 0.089
202312 0.087 129.419 0.089
202403 0.081 131.776 0.081

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.


GFH Financial Group BSC  (KUW:GFH) 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.


GFH Financial Group BSC Cyclically Adjusted PB Ratio Related Terms

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GFH Financial Group BSC (KUW:GFH) Business Description

Address
Block 346, Road 4626, Building 1398, East Tower, P.O. Box 10006, Office 2901, 29th Floor, Bahrain Financial Harbour, Manama, BHR
GFH Financial Group BSC is an Islamic wholesale investment bank. The firm is organized into three operating segments Investment Banking, Commercial Banking and Proprietary and treasury. Substantial revenue is generated from Proprietary and Treasury operations. The Group has primary operations in Bahrain. The investment banking segment focuses on private equity and asset management activities, Commercial Banking includes all sharia compliant corporate banking and retail banking activities of the Group provided through the Group's subsidiary, Proprietary and treasury includes all common costs and activities that are undertaken at the Group level, including treasury and residual proprietary and co-investment assets.

GFH Financial Group BSC (KUW:GFH) Headlines

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