Al Batinah Power CoOG (MUS:BATP) Cyclically Adjusted PB Ratio: 1.08 (As of Jul. 16, 2026) — 112% Above Median

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MUS:BATP Al Batinah Power Co SAOG MUS:BATP
73 GF Score
Price ر.ع0.18
GF Value ر.ع0.09
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Al Batinah Power CoOG Cyclically Adjusted PB Ratio?

Al Batinah Power CoOG MUS:BATP -0.54% 73 Cyclically Adjusted PB Ratio is 1.08 as of Jul. 16, 2026, which is 112% above its 10-year median of 0.51. GuruFocus rates MUS:BATP with a GF Score™ of 73/100 and a GF Value™ of ر.ع0.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 284 Utilities - Independent Power Producers companies, Al Batinah Power CoOG ranks better than 51.06% on this metric.

As of today (2026-07-16), Al Batinah Power CoOG's current share price is ر.ع0.183. Al Batinah Power CoOG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ر.ع0.17. Al Batinah Power CoOG's Cyclically Adjusted PB Ratio for today is 1.08.

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

MUS:BATP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.51   Max: 1.29
Current: 1.11

During the past years, Al Batinah Power CoOG's highest Cyclically Adjusted PB Ratio was 1.29. The lowest was 0.13. And the median was 0.51.

MUS:BATP's Cyclically Adjusted PB Ratio is ranked better than
51.06% of 284 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13 vs MUS:BATP: 1.11

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.

Al Batinah Power CoOG's adjusted book value per share data for the three months ended in Mar. 2026 was ر.ع0.167. 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 ر.ع0.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Al Batinah Power CoOG  (MUS:BATP) 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.


Al Batinah Power CoOG Cyclically Adjusted PB Ratio Related Terms


Al Batinah Power CoOG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Al Batinah Power CoOG'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.

Al Batinah Power CoOG Cyclically Adjusted PB Ratio Chart

Al Batinah Power CoOG 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 0.14 0.43 0.97

Al Batinah Power CoOG 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 0.43 0.44 0.84 0.97 1.11

MUS:BATP vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Al Batinah Power CoOG'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.


Al Batinah Power CoOG Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

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

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


MUS:BATP
73GF Score
Al Batinah Power Co SAOG MUS:BATP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Batinah Power CoOG 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.

Al Batinah Power CoOG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.183/0.17
=1.08

* 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.

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

For example, Al Batinah Power CoOG'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)
=0.167/330.2130*330.2130
=0.167

Current CPI (Mar. 2026) = 330.2130.

Al Batinah Power CoOG Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.093 241.018 0.127
201609 0.106 241.428 0.145
201612 0.106 241.432 0.145
201703 0.098 243.801 0.133
201706 0.106 244.955 0.143
201709 0.118 246.819 0.158
201712 0.112 246.524 0.150
201803 0.113 249.554 0.150
201806 0.120 251.989 0.157
201809 0.132 252.439 0.173
201812 0.120 251.233 0.158
201903 0.114 254.202 0.148
201906 0.118 256.143 0.152
201909 0.127 256.759 0.163
201912 0.122 256.974 0.157
202003 0.111 258.115 0.142
202006 0.119 257.797 0.152
202009 0.133 260.280 0.169
202012 0.128 260.474 0.162
202103 0.127 264.877 0.158
202106 0.137 271.696 0.167
202109 0.149 274.310 0.179
202112 0.144 278.802 0.171
202203 0.145 287.504 0.167
202206 0.156 296.311 0.174
202209 0.171 296.808 0.190
202212 0.164 296.797 0.182
202303 0.161 301.836 0.176
202306 0.174 305.109 0.188
202309 0.186 307.789 0.200
202312 0.182 306.746 0.196
202403 0.180 312.332 0.190
202406 0.190 314.175 0.200
202409 0.202 315.301 0.212
202412 0.190 315.605 0.199
202503 0.189 319.799 0.195
202506 0.200 322.561 0.205
202509 0.214 324.800 0.218
202512 0.206 324.054 0.210
202603 0.167 330.213 0.167

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 1.08 mean?
Al Batinah Power CoOG (MUS:BATP) has a Cyclically Adjusted PB Ratio of 1.08 as of Jul. 16, 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 Al Batinah Power CoOG and its competitors. This is 112% above median its historical median of 0.51. Over the past decade, Al Batinah Power CoOG's Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.29. According to the industry distribution chart, Al Batinah Power CoOG ranks #139 out of 284 companies in the Utilities - Independent Power Producers industry, placing it in the top 48.9%.
Is Al Batinah Power CoOG's Cyclically Adjusted PB Ratio too high?
Al Batinah Power CoOG's current Cyclically Adjusted PB Ratio of 1.08 is 112% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.29. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.13. Al Batinah Power CoOG's value of 1.08 is 4.4% below this industry median. Based on the distribution chart, Al Batinah Power CoOG ranks #139 out of 284 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Al Batinah Power CoOG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Batinah Power CoOG's Cyclically Adjusted PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Al Batinah Power CoOG ranks #139 out of 284 companies for Cyclically Adjusted PB Ratio. This puts Al Batinah Power CoOG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Al Batinah Power CoOG's value of 1.08 is 4.4% below this benchmark. Historically, Al Batinah Power CoOG's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.29 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.13, Al Batinah Power CoOG 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 1.13, based on 284 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. Al Batinah Power CoOG's current Cyclically Adjusted PB Ratio of 1.08 is 4.4% 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 Al Batinah Power CoOG and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Batinah Power CoOG's current Cyclically Adjusted PB Ratio is 1.08, which is 112% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Batinah Power CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Batinah Power CoOG (MUS:BATP) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.18 — trading 103.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.08, which is 112% above median its 10-year median of 0.51 and 4.4% below the Utilities - Independent Power Producers industry median of 1.13. Al Batinah Power CoOG's overall GF Score™ is 73/100 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 Al Batinah Power CoOG (MUS:BATP), the current Cyclically Adjusted PB Ratio is 1.08 as of Jul. 16, 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 Al Batinah Power CoOG (MUS:BATP) Overvalued in 2026?

Based on GuruFocus' analysis, Al Batinah Power CoOG stock appears to be overvalued. The current stock price of ر.ع0.18 is trading 103.3% above its estimated GF Value™ of ر.ع0.09. GuruFocus considers Al Batinah Power CoOG to be Significantly Overvalued.

Key valuation signals for MUS:BATP:

  • Cyclically Adjusted PB Ratio: 1.08 (112% above median its 10-year median of 0.51)
  • GF Value™: ر.ع0.09 vs. price of ر.ع0.18 (103.3% above fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 4.4% below the Utilities - Independent Power Producers median (#139 of 284)

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


Al Batinah Power CoOG Business Description

Address Street No. 35, Al Khuwair, P.O. Box 39, Bareeq Al Shatti, Muscat Grand Mall, Flat No. 501, Building No. 5, Level 1 (South-East), Muscat, OMN, 103
Al Batinah Power Co SAOG is a company that owns a power generating facility. It develops, finance, designs, constructs, operates, maintains, insure and owns Sohar 2 Power Plant and associated gas interconnection facilities. The Sohar 2 Power Plant is located in the Al Batinah region of the Sultanate of Oman.
73GF Score

Get the complete analysis for MUS:BATP

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

ر.ع0.18
Price
ر.ع0.09
GF Value