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BankMuscat (SAOG) (MUS:BKMB) Cyclically Adjusted PB Ratio : 0.90 (As of Jun. 14, 2024)


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What is BankMuscat (SAOG) Cyclically Adjusted PB Ratio?

As of today (2024-06-14), BankMuscat (SAOG)'s current share price is ر.ع0.251. BankMuscat (SAOG)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ر.ع0.28. BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio for today is 0.90.

The historical rank and industry rank for BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

MUS:BKMB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 0.99   Max: 1.07
Current: 0.9

During the past years, BankMuscat (SAOG)'s highest Cyclically Adjusted PB Ratio was 1.07. The lowest was 0.90. And the median was 0.99.

MUS:BKMB's Cyclically Adjusted PB Ratio is ranked better than
50.92% of 1196 companies
in the Banks industry
Industry Median: 0.91 vs MUS:BKMB: 0.90

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.

BankMuscat (SAOG)'s adjusted book value per share data for the three months ended in Dec. 2023 was ر.ع0.314. 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.ع0.28 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BankMuscat (SAOG) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BankMuscat (SAOG)'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.

BankMuscat (SAOG) Cyclically Adjusted PB Ratio Chart

BankMuscat (SAOG) 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 - - - 1.03 0.94

BankMuscat (SAOG) Quarterly Data
Dec18 Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.03 1.02 1.01 0.99 0.94

Competitive Comparison of BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, BankMuscat (SAOG)'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.


BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio falls into.



BankMuscat (SAOG) 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.

BankMuscat (SAOG)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.251/0.28
=0.90

* 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.

BankMuscat (SAOG)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, BankMuscat (SAOG)'s adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.314/129.4194*129.4194
=0.314

Current CPI (Dec. 2023) = 129.4194.

BankMuscat (SAOG) Quarterly Data

Book Value per Share CPI Adj_Book
201303 0.162 98.209 0.213
201306 0.168 98.518 0.221
201309 0.174 98.790 0.228
201312 0.182 98.326 0.240
201403 0.177 99.695 0.230
201406 0.185 100.560 0.238
201409 0.189 100.428 0.244
201412 0.194 99.070 0.253
201503 0.187 99.621 0.243
201506 0.195 100.684 0.251
201509 0.201 100.392 0.259
201512 0.207 99.792 0.268
201603 0.209 100.470 0.269
201606 0.216 101.688 0.275
201609 0.215 101.861 0.273
201612 0.221 101.863 0.281
201703 0.222 102.862 0.279
201706 0.246 103.349 0.308
201709 0.245 104.136 0.304
201712 0.251 104.011 0.312
201812 0.257 105.998 0.314
201903 0.000 107.251 0.000
201909 0.000 108.329 0.000
201912 0.267 108.420 0.319
202003 0.254 108.902 0.302
202006 0.000 108.767 0.000
202009 0.279 109.815 0.329
202012 0.272 109.897 0.320
202103 0.268 111.754 0.310
202106 0.274 114.631 0.309
202109 0.280 115.734 0.313
202112 0.287 117.630 0.316
202203 0.278 121.301 0.297
202206 0.000 125.017 0.000
202209 0.000 125.227 0.000
202212 0.297 125.222 0.307
202303 0.289 127.348 0.294
202306 0.298 128.729 0.300
202309 0.307 129.860 0.306
202312 0.314 129.419 0.314

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.


BankMuscat (SAOG)  (MUS:BKMB) 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.


BankMuscat (SAOG) Cyclically Adjusted PB Ratio Related Terms

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


BankMuscat (SAOG) (MUS:BKMB) Business Description

Traded in Other Exchanges
Address
Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112
BankMuscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a compliant financing based on various Shari'a compliant modes, undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include corporate, personal, wholesale, islamic, and international banking. It generates maximum revenue from the personal banking segment.

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