Gulf Mushroom Products CoOG (MUS:GMPI) Cyclically Adjusted PB Ratio: 2.21 (As of Jul. 25, 2026) — 70% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MUS:GMPI Gulf Mushroom Products Co SAOG MUS:GMPI
68 GF Score
Price ر.ع0.42
GF Value ر.ع0.25
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Gulf Mushroom Products CoOG Cyclically Adjusted PB Ratio?

Gulf Mushroom Products CoOG MUS:GMPI 68 Cyclically Adjusted PB Ratio is 2.21 as of Jul. 25, 2026, which is 70% above its 10-year median of 1.30. GuruFocus rates MUS:GMPI with a GF Score™ of 68/100 and a GF Value™ of ر.ع0.25 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,439 Consumer Packaged Goods companies, Gulf Mushroom Products CoOG ranks worse than 71.3% on this metric.

As of today (2026-07-25), Gulf Mushroom Products CoOG's current share price is ر.ع0.419. Gulf Mushroom Products CoOG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was ر.ع0.19. Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio for today is 2.21.

The historical rank and industry rank for Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio or its related term are showing as below:

MUS:GMPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 1.3   Max: 2.28
Current: 2.28

During the past years, Gulf Mushroom Products CoOG's highest Cyclically Adjusted PB Ratio was 2.28. The lowest was 1.09. And the median was 1.30.

MUS:GMPI's Cyclically Adjusted PB Ratio is ranked worse than
71.3% of 1439 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs MUS:GMPI: 2.28

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.

Gulf Mushroom Products CoOG's adjusted book value per share data for the three months ended in Dec. 2025 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.ع0.19 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Mushroom Products CoOG  (MUS:GMPI) 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.


Gulf Mushroom Products CoOG Cyclically Adjusted PB Ratio Related Terms


Gulf Mushroom Products CoOG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gulf Mushroom Products 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.

Gulf Mushroom Products CoOG Cyclically Adjusted PB Ratio Chart

Gulf Mushroom Products CoOG Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.28 1.25 1.13 1.57

Gulf Mushroom Products CoOG Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25
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 1.19 1.13 1.11 1.08 1.57

MUS:GMPI vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Gulf Mushroom Products 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.


Gulf Mushroom Products CoOG Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio falls into.


MUS:GMPI
68GF Score
Gulf Mushroom Products Co SAOG MUS:GMPI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gulf Mushroom Products 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.

Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.419/0.19
=2.21

* 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.

Gulf Mushroom Products CoOG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Gulf Mushroom Products CoOG's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.255/324.0540*324.0540
=0.255

Current CPI (Dec. 2025) = 324.0540.

Gulf Mushroom Products CoOG Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.108 238.343 0.147
201409 0.108 238.031 0.147
201412 0.118 234.812 0.163
201503 0.121 236.119 0.166
201506 0.123 238.638 0.167
201509 0.135 237.945 0.184
201512 0.125 236.525 0.171
201603 0.128 238.132 0.174
201606 0.129 241.018 0.173
201609 0.130 241.428 0.174
201612 0.132 241.432 0.177
201703 0.133 243.801 0.177
201706 0.134 244.955 0.177
201709 0.134 246.819 0.176
201712 0.137 246.524 0.180
201803 0.140 249.554 0.182
201806 0.142 251.989 0.183
201809 0.142 252.439 0.182
201906 0.148 256.143 0.187
201909 0.149 256.759 0.188
202006 0.152 257.797 0.191
202009 0.140 260.280 0.174
202103 0.000 264.877 0.000
202106 0.151 271.696 0.180
202109 0.154 274.310 0.182
202203 0.162 287.504 0.183
202206 0.172 296.311 0.188
202209 0.175 296.808 0.191
202212 0.182 296.797 0.199
202303 0.183 301.836 0.196
202306 0.191 305.109 0.203
202309 0.196 307.789 0.206
202312 0.201 306.746 0.212
202403 0.000 312.332 0.000
202406 0.209 314.175 0.216
202409 0.216 315.301 0.222
202412 0.226 315.605 0.232
202503 0.219 319.799 0.222
202506 0.232 322.561 0.233
202512 0.255 324.054 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 2.21 mean?
Gulf Mushroom Products CoOG (MUS:GMPI) has a Cyclically Adjusted PB Ratio of 2.21 as of Jul. 25, 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 Gulf Mushroom Products CoOG and its competitors. This is 70% above median its historical median of 1.30. Over the past decade, Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio has ranged from 1.09 to 2.28. According to the industry distribution chart, Gulf Mushroom Products CoOG ranks #1026 out of 1439 companies in the Consumer Packaged Goods industry, placing it in the top 71.3%.
Is Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio too high?
Gulf Mushroom Products CoOG's current Cyclically Adjusted PB Ratio of 2.21 is 70% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 2.28. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Gulf Mushroom Products CoOG's value of 2.21 is 74% above this industry median. Based on the distribution chart, Gulf Mushroom Products CoOG ranks #1026 out of 1439 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Gulf Mushroom Products CoOG has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Mushroom Products CoOG's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Gulf Mushroom Products CoOG ranks #1026 out of 1439 companies for Cyclically Adjusted PB Ratio. This places Gulf Mushroom Products CoOG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Gulf Mushroom Products CoOG's value of 2.21 is 74% above this benchmark. Historically, Gulf Mushroom Products CoOG's own Cyclically Adjusted PB Ratio has ranged from 1.09 to 2.28 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.27, Gulf Mushroom Products CoOG has consistently been above 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,439 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. Gulf Mushroom Products CoOG's current Cyclically Adjusted PB Ratio of 2.21 is 74% above 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 Gulf Mushroom Products CoOG and its competitors. For the Consumer Packaged Goods 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. Gulf Mushroom Products CoOG's current Cyclically Adjusted PB Ratio is 2.21, which is 70% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Mushroom Products CoOG stock overvalued right now?
Based on GuruFocus' analysis, Gulf Mushroom Products CoOG (MUS:GMPI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.25, compared to a current price of ر.ع0.42 — trading 67.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.21, which is 70% above median its 10-year median of 1.30 and 74% above the Consumer Packaged Goods industry median of 1.27. Gulf Mushroom Products CoOG's overall GF Score™ is 68/100 with 3 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 Gulf Mushroom Products CoOG (MUS:GMPI), the current Cyclically Adjusted PB Ratio is 2.21 as of Jul. 25, 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 Gulf Mushroom Products CoOG (MUS:GMPI) Overvalued in 2026?

Based on GuruFocus' analysis, Gulf Mushroom Products CoOG stock appears to be overvalued. The current stock price of ر.ع0.42 is trading 67.6% above its estimated GF Value™ of ر.ع0.25. GuruFocus considers Gulf Mushroom Products CoOG to be Significantly Overvalued.

Key valuation signals for MUS:GMPI:

  • Cyclically Adjusted PB Ratio: 2.21 (70% above median its 10-year median of 1.30)
  • GF Value™: ر.ع0.25 vs. price of ر.ع0.42 (67.6% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 74% above the Consumer Packaged Goods median (#1026 of 1439)

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


Gulf Mushroom Products CoOG Business Description

Address PO Box 383, Barka, OMN, 320
Gulf Mushroom Products Co SAOG is engaged in the cultivation, processing, and marketing of mushrooms. The company's products are marketed under the name Gulf Fresh and include fresh white button mushrooms, baby mushrooms, giant fresh mushrooms, brown mushrooms, and portabella mushrooms, among others. Gulf Mushroom markets its products through a network of distributors located in the Middle East markets, such as Dubai, Qatar, Bahrain, Kuwait, and Saudi Arabia.
68GF Score

Get the complete analysis for MUS:GMPI

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

ر.ع0.42
Price
ر.ع0.25
GF Value