Bank DhofarOG (MUS:BKDB) Cyclically Adjusted PB Ratio: 0.83 (As of Jul. 26, 2026) — 46% Above Median

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Director of Data and Quant Analytics at GuruFocus
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MUS:BKDB Bank Dhofar SAOG MUS:BKDB
21 GF Score
Price ر.ع0.22
GF Value ر.ع0.19
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bank DhofarOG Cyclically Adjusted PB Ratio?

Bank DhofarOG MUS:BKDB -0.44% 21 Cyclically Adjusted PB Ratio is 0.83 as of Jul. 26, 2026, which is 46% above its 10-year median of 0.57. GuruFocus rates MUS:BKDB with a GF Score™ of 21/100 and a GF Value™ of ر.ع0.19 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,292 Banks companies, Bank DhofarOG ranks better than 74.77% on this metric.

As of today (2026-07-26), Bank DhofarOG's current share price is ر.ع0.224. Bank DhofarOG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ر.ع0.27. Bank DhofarOG's Cyclically Adjusted PB Ratio for today is 0.83.

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

MUS:BKDB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.57   Max: 0.84
Current: 0.81

During the past years, Bank DhofarOG's highest Cyclically Adjusted PB Ratio was 0.84. The lowest was 0.46. And the median was 0.57.

MUS:BKDB's Cyclically Adjusted PB Ratio is ranked better than
74.77% of 1292 companies
in the Banks industry
Industry Median: 1.27 vs MUS:BKDB: 0.81

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.

Bank DhofarOG's adjusted book value per share data for the three months ended in Mar. 2026 was ر.ع0.255. 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.ع0.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank DhofarOG  (MUS:BKDB) 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.


Bank DhofarOG Cyclically Adjusted PB Ratio Related Terms


Bank DhofarOG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank DhofarOG'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.

Bank DhofarOG Cyclically Adjusted PB Ratio Chart

Bank DhofarOG 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 0.56 0.71 0.61 0.57 0.55

Bank DhofarOG 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 0.53 0.47 0.50 0.55 0.71

MUS:BKDB vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Bank DhofarOG'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.


Bank DhofarOG Cyclically Adjusted PB Ratio vs Banks Industry

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

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


MUS:BKDB
21GF Score
Bank Dhofar SAOG MUS:BKDB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank DhofarOG 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.

Bank DhofarOG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.224/0.27
=0.83

* 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.

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

For example, Bank DhofarOG'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)
=0.255/330.2130*330.2130
=0.255

Current CPI (Mar. 2026) = 330.2130.

Bank DhofarOG Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.216 241.018 0.296
201609 0.224 241.428 0.306
201612 0.220 241.432 0.301
201703 0.199 243.801 0.270
201706 0.217 244.955 0.293
201709 0.221 246.819 0.296
201712 0.220 246.524 0.295
201803 0.218 249.554 0.288
201806 0.220 251.989 0.288
201809 0.224 252.439 0.293
201812 0.230 251.233 0.302
201903 0.223 254.202 0.290
201906 0.224 256.143 0.289
201909 0.226 256.759 0.291
201912 0.226 256.974 0.290
202003 0.223 258.115 0.285
202006 0.226 257.797 0.289
202009 0.229 260.280 0.291
202012 0.229 260.474 0.290
202103 0.231 264.877 0.288
202106 0.229 271.696 0.278
202109 0.232 274.310 0.279
202112 0.230 278.802 0.272
202203 0.230 287.504 0.264
202206 0.230 296.311 0.256
202209 0.233 296.808 0.259
202212 0.236 296.797 0.263
202303 0.234 301.836 0.256
202306 0.235 305.109 0.254
202309 0.239 307.789 0.256
202312 0.241 306.746 0.259
202403 0.236 312.332 0.250
202406 0.238 314.175 0.250
202409 0.242 315.301 0.253
202412 0.244 315.605 0.255
202503 0.239 319.799 0.247
202506 0.242 322.561 0.248
202509 0.247 324.800 0.251
202512 0.253 324.054 0.258
202603 0.255 330.213 0.255

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 0.83 mean?
Bank DhofarOG (MUS:BKDB) has a Cyclically Adjusted PB Ratio of 0.83 as of Jul. 26, 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 Bank DhofarOG and its competitors. This is 46% above median its historical median of 0.57. Over the past decade, Bank DhofarOG's Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.84. According to the industry distribution chart, Bank DhofarOG ranks #326 out of 1292 companies in the Banks industry, placing it in the top 25.2%.
Is Bank DhofarOG's Cyclically Adjusted PB Ratio too high?
Bank DhofarOG's current Cyclically Adjusted PB Ratio of 0.83 is 46% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.84. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. Bank DhofarOG's value of 0.83 is 34.6% below this industry median. Based on the distribution chart, Bank DhofarOG ranks #326 out of 1292 companies in the Banks industry, which is above the industry midpoint. Overall, Bank DhofarOG has a GF Score™ of 21/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank DhofarOG's Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Bank DhofarOG ranks #326 out of 1292 companies for Cyclically Adjusted PB Ratio. This puts Bank DhofarOG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Bank DhofarOG's value of 0.83 is 34.6% below this benchmark. Historically, Bank DhofarOG's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.84 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.27, Bank DhofarOG 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 a Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.27, based on 1,292 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. Bank DhofarOG's current Cyclically Adjusted PB Ratio of 0.83 is 34.6% 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 Bank DhofarOG and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank DhofarOG's current Cyclically Adjusted PB Ratio is 0.83, which is 46% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank DhofarOG stock overvalued right now?
Based on GuruFocus' analysis, Bank DhofarOG (MUS:BKDB) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.19, compared to a current price of ر.ع0.22 — trading 17.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.83, which is 46% above median its 10-year median of 0.57 and 34.6% below the Banks industry median of 1.27. Bank DhofarOG's overall GF Score™ is 21/100 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 Bank DhofarOG (MUS:BKDB), the current Cyclically Adjusted PB Ratio is 0.83 as of Jul. 26, 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 Bank DhofarOG (MUS:BKDB) Overvalued in 2026?

Based on GuruFocus' analysis, Bank DhofarOG stock appears to be overvalued. The current stock price of ر.ع0.22 is trading 17.9% above its estimated GF Value™ of ر.ع0.19. GuruFocus considers Bank DhofarOG to be Modestly Overvalued.

Key valuation signals for MUS:BKDB:

  • Cyclically Adjusted PB Ratio: 0.83 (46% above median its 10-year median of 0.57)
  • GF Value™: ر.ع0.19 vs. price of ر.ع0.22 (17.9% above fair value)
  • GF Score™: 21/100 with 6 warning signs
  • Industry Position: 34.6% below the Banks median (#326 of 1292)

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


Bank DhofarOG Business Description

Address Behind Centeral Bank of Oman, P.O.Box No: 1507, Ruwi, Muscat, OMN, 112
Bank Dhofar SAOG is engaged in corporate, retail, and investment banking activities. The Bank offers products and services such as savings accounts, investment advisory, investment management, and treasury services. It is organized into four main business segments: Retail Banking, which includes private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages; Corporate Banking, which includes direct debit facilities, current accounts, deposits, overdrafts, loans and other credit facilities, and foreign currency and derivative products; Treasury and Investments; and Islamic Banking. The Bank generates the majority of its revenue from the Corporate Banking segment.
21GF Score

Get the complete analysis for MUS:BKDB

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

ر.ع0.22
Price
ر.ع0.19
GF Value