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Mabanee Co KPSC (KUW:MABANEE) Cyclically Adjusted PB Ratio : 2.25 (As of May. 25, 2024)


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What is Mabanee Co KPSC Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Mabanee Co KPSC's current share price is KWD0.832. Mabanee Co KPSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KWD0.37. Mabanee Co KPSC's Cyclically Adjusted PB Ratio for today is 2.25.

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

KUW:MABANEE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.02   Med: 2.33   Max: 2.78
Current: 2.2

During the past years, Mabanee Co KPSC's highest Cyclically Adjusted PB Ratio was 2.78. The lowest was 2.02. And the median was 2.33.

KUW:MABANEE's Cyclically Adjusted PB Ratio is ranked worse than
86.17% of 1338 companies
in the Real Estate industry
Industry Median: 0.71 vs KUW:MABANEE: 2.20

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.

Mabanee Co KPSC's adjusted book value per share data for the three months ended in Mar. 2024 was KWD0.443. 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 KWD0.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mabanee Co KPSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mabanee Co KPSC'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.

Mabanee Co KPSC Cyclically Adjusted PB Ratio Chart

Mabanee Co KPSC 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 - - 2.38 2.34 2.24

Mabanee Co KPSC 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 1.94 2.32 2.22 2.24 2.13

Competitive Comparison of Mabanee Co KPSC's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Mabanee Co KPSC'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.


Mabanee Co KPSC's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mabanee Co KPSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mabanee Co KPSC's Cyclically Adjusted PB Ratio falls into.



Mabanee Co KPSC 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.

Mabanee Co KPSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.832/0.37
=2.25

* 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.

Mabanee Co KPSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Mabanee Co KPSC'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)
=0.443/131.7762*131.7762
=0.443

Current CPI (Mar. 2024) = 131.7762.

Mabanee Co KPSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.180 100.560 0.236
201409 0.000 100.428 0.000
201412 0.189 99.070 0.251
201503 0.199 99.621 0.263
201506 0.199 100.684 0.260
201509 0.207 100.392 0.272
201512 0.218 99.792 0.288
201603 0.220 100.470 0.289
201606 0.229 101.688 0.297
201609 0.237 101.861 0.307
201612 0.248 101.863 0.321
201703 0.258 102.862 0.331
201706 0.260 103.349 0.332
201709 0.267 104.136 0.338
201712 0.276 104.011 0.350
201803 0.284 105.290 0.355
201806 0.287 106.317 0.356
201809 0.297 106.507 0.367
201812 0.306 105.998 0.380
201903 0.316 107.251 0.388
201906 0.319 108.070 0.389
201909 0.329 108.329 0.400
201912 0.339 108.420 0.412
202003 0.347 108.902 0.420
202006 0.331 108.767 0.401
202009 0.337 109.815 0.404
202012 0.345 109.897 0.414
202103 0.329 111.754 0.388
202106 0.358 114.631 0.412
202109 0.368 115.734 0.419
202112 0.379 117.630 0.425
202203 0.378 121.301 0.411
202206 0.390 125.017 0.411
202209 0.403 125.227 0.424
202212 0.412 125.222 0.434
202303 0.411 127.348 0.425
202306 0.423 128.729 0.433
202309 0.436 129.860 0.442
202312 0.445 129.419 0.453
202403 0.443 131.776 0.443

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.


Mabanee Co KPSC  (KUW:MABANEE) 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.


Mabanee Co KPSC Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Mabanee Co KPSC's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mabanee Co KPSC (KUW:MABANEE) Business Description

Traded in Other Exchanges
N/A
Address
Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, P.O. Box 5132, The Avenues - 2nd Avenue, Entrance 9, Safat, Kuwait, KWT, 13052
Mabanee Co KPSC is a Kuwait-based company which sells, purchases, develops, and operates real estate properties in Kuwait and abroad, including hotels, guest houses, residential and touristic complexes. The company operates through business segments namely Construction and real estate investment, Financial investments, and Hotel operations. It generates maximum revenue from Construction and real estate investment segment. The Construction and real estate investment segment include real estate development, project leasing and construction activity for self or others.

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