Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Cyclically Adjusted PB Ratio: 1.62 (As of Jul. 26, 2026) — 116% Above Median

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MUS:SSPW Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
66 GF Score
Price ر.ع0.26
GF Value ر.ع0.11
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Sembcorplalah Power & Water CompanyOG Cyclically Adjusted PB Ratio?

Sembcorplalah Power & Water CompanyOG MUS:SSPW +1.57% 66 Cyclically Adjusted PB Ratio is 1.62 as of Jul. 26, 2026, which is 116% above its 10-year median of 0.75. GuruFocus rates MUS:SSPW with a GF Score™ of 66/100 and a GF Value™ of ر.ع0.11 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 279 Utilities - Independent Power Producers companies, Sembcorplalah Power & Water CompanyOG ranks worse than 60.93% on this metric.

As of today (2026-07-26), Sembcorplalah Power & Water CompanyOG's current share price is ر.ع0.259. Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ر.ع0.16. Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio for today is 1.62.

The historical rank and industry rank for Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio or its related term are showing as below:

MUS:SSPW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.75   Max: 1.64
Current: 1.64

During the past years, Sembcorplalah Power & Water CompanyOG's highest Cyclically Adjusted PB Ratio was 1.64. The lowest was 0.42. And the median was 0.75.

MUS:SSPW's Cyclically Adjusted PB Ratio is ranked worse than
60.93% of 279 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.11 vs MUS:SSPW: 1.64

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.

Sembcorplalah Power & Water CompanyOG's adjusted book value per share data for the three months ended in Mar. 2026 was ر.ع0.203. 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.ع0.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sembcorplalah Power & Water CompanyOG  (MUS:SSPW) 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.


Sembcorplalah Power & Water CompanyOG Cyclically Adjusted PB Ratio Related Terms


Sembcorplalah Power & Water CompanyOG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sembcorplalah Power & Water CompanyOG'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.

Sembcorplalah Power & Water CompanyOG Cyclically Adjusted PB Ratio Chart

Sembcorplalah Power & Water CompanyOG 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 0.54 0.66 0.71 1.36

Sembcorplalah Power & Water CompanyOG 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 0.68 0.70 1.33 1.36 1.45

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

For the Utilities - Independent Power Producers subindustry, Sembcorplalah Power & Water CompanyOG'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.


Sembcorplalah Power & Water CompanyOG Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio falls into.


MUS:SSPW
66GF Score
Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sembcorplalah Power & Water CompanyOG 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.

Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.259/0.16
=1.62

* 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.

Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sembcorplalah Power & Water CompanyOG'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)
=0.203/330.2130*330.2130
=0.203

Current CPI (Mar. 2026) = 330.2130.

Sembcorplalah Power & Water CompanyOG Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.084 241.018 0.115
201609 0.091 241.428 0.124
201612 0.092 241.432 0.126
201703 0.090 243.801 0.122
201706 0.095 244.955 0.128
201709 0.099 246.819 0.132
201712 0.097 246.524 0.130
201803 0.101 249.554 0.134
201806 0.107 251.989 0.140
201809 0.110 252.439 0.144
201812 0.103 251.233 0.135
201903 0.102 254.202 0.132
201906 0.105 256.143 0.135
201909 0.108 256.759 0.139
201912 0.106 256.974 0.136
202003 0.105 258.115 0.134
202006 0.111 257.797 0.142
202009 0.116 260.280 0.147
202012 0.114 260.474 0.145
202103 0.119 264.877 0.148
202106 0.126 271.696 0.153
202109 0.131 274.310 0.158
202112 0.133 278.802 0.158
202203 0.141 287.504 0.162
202206 0.149 296.311 0.166
202209 0.155 296.808 0.172
202212 0.155 296.797 0.172
202303 0.159 301.836 0.174
202306 0.166 305.109 0.180
202309 0.171 307.789 0.183
202312 0.169 306.746 0.182
202403 0.172 312.332 0.182
202406 0.178 314.175 0.187
202409 0.183 315.301 0.192
202412 0.182 315.605 0.190
202503 0.187 319.799 0.193
202506 0.194 322.561 0.199
202509 0.199 324.800 0.202
202512 0.198 324.054 0.202
202603 0.203 330.213 0.203

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 1.62 mean?
Sembcorplalah Power & Water CompanyOG (MUS:SSPW) has a Cyclically Adjusted PB Ratio of 1.62 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 Sembcorplalah Power & Water CompanyOG and its competitors. This is 116% above median its historical median of 0.75. Over the past decade, Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.64. According to the industry distribution chart, Sembcorplalah Power & Water CompanyOG ranks #170 out of 279 companies in the Utilities - Independent Power Producers industry, placing it in the top 60.9%.
Is Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio too high?
Sembcorplalah Power & Water CompanyOG's current Cyclically Adjusted PB Ratio of 1.62 is 116% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.64. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.11. Sembcorplalah Power & Water CompanyOG's value of 1.62 is 45.9% above this industry median. Based on the distribution chart, Sembcorplalah Power & Water CompanyOG ranks #170 out of 279 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Sembcorplalah Power & Water CompanyOG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sembcorplalah Power & Water CompanyOG's Cyclically Adjusted PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Sembcorplalah Power & Water CompanyOG ranks #170 out of 279 companies for Cyclically Adjusted PB Ratio. This places Sembcorplalah Power & Water CompanyOG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.11. Sembcorplalah Power & Water CompanyOG's value of 1.62 is 45.9% above this benchmark. Historically, Sembcorplalah Power & Water CompanyOG's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.64 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.11, Sembcorplalah Power & Water CompanyOG 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.11, based on 279 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. Sembcorplalah Power & Water CompanyOG's current Cyclically Adjusted PB Ratio of 1.62 is 45.9% 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 Sembcorplalah Power & Water CompanyOG and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sembcorplalah Power & Water CompanyOG's current Cyclically Adjusted PB Ratio is 1.62, which is 116% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sembcorplalah Power & Water CompanyOG stock overvalued right now?
Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG (MUS:SSPW) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.11, compared to a current price of ر.ع0.26 — trading 135.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.62, which is 116% above median its 10-year median of 0.75 and 45.9% above the Utilities - Independent Power Producers industry median of 1.11. Sembcorplalah Power & Water CompanyOG's overall GF Score™ is 66/100 with 7 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW), the current Cyclically Adjusted PB Ratio is 1.62 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Overvalued in 2026?

Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG stock appears to be overvalued. The current stock price of ر.ع0.26 is trading 135.5% above its estimated GF Value™ of ر.ع0.11. GuruFocus considers Sembcorplalah Power & Water CompanyOG to be Significantly Overvalued.

Key valuation signals for MUS:SSPW:

  • Cyclically Adjusted PB Ratio: 1.62 (116% above median its 10-year median of 0.75)
  • GF Value™: ر.ع0.11 vs. price of ر.ع0.26 (135.5% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 45.9% above the Utilities - Independent Power Producers median (#170 of 279)

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


Sembcorplalah Power & Water CompanyOG Business Description

Address PO Box 1466, Salalah, OMN, 211
Sembcorp Salalah Power & Water Company SAOG develops, owns, and operates an electricity generation and seawater desalination plant located between the towns of Taqah and Mirbat. The plant meets the growing power and water demands of the region over the short, medium, and long term. The company generates its revenues from PWPA with Oman Power & Water Procurement Company. Under the terms of the PWPA, the plant's contracted power and water capacity are sold exclusively to OPWP on a long-term take-or-pay basis.
66GF Score

Get the complete analysis for MUS:SSPW

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

ر.ع0.26
Price
ر.ع0.11
GF Value