Salalah Port Services Co (MUS:SPSI) Cyclically Adjusted PB Ratio: 1.17 (As of Aug. 02, 2026) — Near 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:SPSI Salalah Port Services Co MUS:SPSI
50 GF Score
Price ر.ع0.53
GF Value ر.ع0.36
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Salalah Port Services Co Cyclically Adjusted PB Ratio?

Salalah Port Services Co MUS:SPSI 50 Cyclically Adjusted PB Ratio is 1.17 as of Aug. 02, 2026, which is 1% below its 10-year median of 1.18. GuruFocus rates MUS:SPSI with a GF Score™ of 50/100 and a GF Value™ of ر.ع0.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 737 Transportation companies, Salalah Port Services Co ranks better than 58.62% on this metric.

As of today (2026-08-02), Salalah Port Services Co's current share price is ر.ع0.528. Salalah Port Services Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ر.ع0.45. Salalah Port Services Co's Cyclically Adjusted PB Ratio for today is 1.17.

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

MUS:SPSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.18   Max: 2.07
Current: 1.07

During the past years, Salalah Port Services Co's highest Cyclically Adjusted PB Ratio was 2.07. The lowest was 0.55. And the median was 1.18.

MUS:SPSI's Cyclically Adjusted PB Ratio is ranked better than
58.62% of 737 companies
in the Transportation industry
Industry Median: 1.27 vs MUS:SPSI: 1.07

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.

Salalah Port Services Co's adjusted book value per share data for the three months ended in Mar. 2026 was ر.ع0.406. 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.ع0.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Salalah Port Services Co  (MUS:SPSI) 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.


Salalah Port Services Co Cyclically Adjusted PB Ratio Related Terms


Salalah Port Services Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Salalah Port Services Co'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.

Salalah Port Services Co Cyclically Adjusted PB Ratio Chart

Salalah Port Services Co 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 1.77 1.32 0.89 0.66 0.75

Salalah Port Services Co 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 0.55 0.57 0.56 0.75 1.29

MUS:SPSI vs KEX: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Salalah Port Services Co'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.


Salalah Port Services Co Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Salalah Port Services Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Salalah Port Services Co's Cyclically Adjusted PB Ratio falls into.


MUS:SPSI
50GF Score
Salalah Port Services Co MUS:SPSI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salalah Port Services Co 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.

Salalah Port Services Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.528/0.45
=1.17

* 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.

Salalah Port Services Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Salalah Port Services Co'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)
=0.406/330.2130*330.2130
=0.406

Current CPI (Mar. 2026) = 330.2130.

Salalah Port Services Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.283 241.018 0.388
201609 0.290 241.428 0.397
201612 0.300 241.432 0.410
201703 0.296 243.801 0.401
201706 0.283 244.955 0.381
201709 0.297 246.819 0.397
201712 0.311 246.524 0.417
201803 0.306 249.554 0.405
201806 0.301 251.989 0.394
201809 0.286 252.439 0.374
201812 0.326 251.233 0.428
201903 0.320 254.202 0.416
201906 0.323 256.143 0.416
201909 0.330 256.759 0.424
201912 0.342 256.974 0.439
202003 0.379 258.115 0.485
202006 0.384 257.797 0.492
202009 0.393 260.280 0.499
202012 0.405 260.474 0.513
202103 0.389 264.877 0.485
202106 0.394 271.696 0.479
202109 0.402 274.310 0.484
202112 0.405 278.802 0.480
202203 0.401 287.504 0.461
202206 0.403 296.311 0.449
202209 0.407 296.808 0.453
202212 0.413 296.797 0.459
202303 0.410 301.836 0.449
202306 0.417 305.109 0.451
202309 0.483 307.789 0.518
202312 0.303 306.746 0.326
202403 0.879 312.332 0.929
202406 0.431 314.175 0.453
202409 0.421 315.301 0.441
202412 0.422 315.605 0.442
202503 0.412 319.799 0.425
202506 0.425 322.561 0.435
202509 0.413 324.800 0.420
202512 0.488 324.054 0.497
202603 0.406 330.213 0.406

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 1.17 mean?
Salalah Port Services Co (MUS:SPSI) has a Cyclically Adjusted PB Ratio of 1.17 as of Aug. 02, 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 Salalah Port Services Co and its competitors. This is near median its historical median of 1.18. Over the past decade, Salalah Port Services Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.07. According to the industry distribution chart, Salalah Port Services Co ranks #305 out of 737 companies in the Transportation industry, placing it in the top 41.4%.
Is Salalah Port Services Co's Cyclically Adjusted PB Ratio too high?
Salalah Port Services Co's current Cyclically Adjusted PB Ratio of 1.17 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.07. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Salalah Port Services Co's value of 1.17 is 7.9% below this industry median. Based on the distribution chart, Salalah Port Services Co ranks #305 out of 737 companies in the Transportation industry, which is above the industry midpoint. Overall, Salalah Port Services Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salalah Port Services Co's Cyclically Adjusted PB Ratio compare to KEX?
According to the Transportation industry distribution chart, Salalah Port Services Co ranks #305 out of 737 companies for Cyclically Adjusted PB Ratio. This puts Salalah Port Services Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Salalah Port Services Co's value of 1.17 is 7.9% below this benchmark. Historically, Salalah Port Services Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.07 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.27, Salalah Port Services Co 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 737 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. Salalah Port Services Co's current Cyclically Adjusted PB Ratio of 1.17 is 7.9% 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 Salalah Port Services Co and its competitors. For the Transportation 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. Salalah Port Services Co's current Cyclically Adjusted PB Ratio is 1.17, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salalah Port Services Co stock overvalued right now?
Based on GuruFocus' analysis, Salalah Port Services Co (MUS:SPSI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.36, compared to a current price of ر.ع0.53 — trading 46.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.17, which is near median its 10-year median of 1.18 and 7.9% below the Transportation industry median of 1.27. Salalah Port Services Co's overall GF Score™ is 50/100 with 5 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 Salalah Port Services Co (MUS:SPSI), the current Cyclically Adjusted PB Ratio is 1.17 as of Aug. 02, 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 Salalah Port Services Co (MUS:SPSI) Overvalued in 2026?

Based on GuruFocus' analysis, Salalah Port Services Co stock appears to be overvalued. The current stock price of ر.ع0.53 is trading 46.7% above its estimated GF Value™ of ر.ع0.36. GuruFocus considers Salalah Port Services Co to be Significantly Overvalued.

Key valuation signals for MUS:SPSI:

  • Cyclically Adjusted PB Ratio: 1.17 (near median its 10-year median of 1.18)
  • GF Value™: ر.ع0.36 vs. price of ر.ع0.53 (46.7% above fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 7.9% below the Transportation median (#305 of 737)

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


Salalah Port Services Co Business Description

Address Al Sarooj, Way No. 2601, Fourth Floor, Office 401, P.O. Box 105, PC 118, Beach One Building, Muscat, OMN, 211
Salalah Port Services Co operates the Port of Salalah, which is in the east-west shipping lane of the Sultanate of Oman. Its port activity includes leasing, equipping, operating, and managing Terminals and Cargo. The group operates with two business divisions; Container Terminal and General Cargo Terminal, of which it derives maximum revenue from Container Terminal. Its geographical area of operation includes Oman, Europe, and others of which the Europe region accounts for a larger share of the revenue.
50GF Score

Get the complete analysis for MUS:SPSI

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

ر.ع0.53
Price
ر.ع0.36
GF Value