Al Suwadi Power CoOG (MUS:SUWP) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SUWP Al Suwadi Power Co SAOG MUS:SUWP
61 GF Score
Price ر.ع0.18
GF Value ر.ع0.08
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Al Suwadi Power CoOG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Al Suwadi Power CoOG  (MUS:SUWP) 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.


Al Suwadi Power CoOG Cyclically Adjusted PB Ratio Related Terms


Al Suwadi Power CoOG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Al Suwadi Power 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.

Al Suwadi Power CoOG Cyclically Adjusted PB Ratio Chart

Al Suwadi Power CoOG 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 0.00 0.14 0.41 0.97

Al Suwadi Power CoOG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.44 0.84 0.97 1.09 0.00

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

For the Utilities - Independent Power Producers subindustry, Al Suwadi Power 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.


Al Suwadi Power CoOG Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Al Suwadi Power CoOG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Al Suwadi Power CoOG's Cyclically Adjusted PB Ratio falls into.


MUS:SUWP
61GF Score
Al Suwadi Power Co SAOG MUS:SUWP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Suwadi Power 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.

Al Suwadi Power CoOG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Al Suwadi Power CoOG's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.179/333.9520*333.9520
=0.179

Current CPI (Jun. 2026) = 333.9520.

Al Suwadi Power CoOG Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.109 241.428 0.151
201612 0.110 241.432 0.152
201703 0.102 243.801 0.140
201706 0.110 244.955 0.150
201709 0.122 246.819 0.165
201712 0.115 246.524 0.156
201803 0.116 249.554 0.155
201806 0.123 251.989 0.163
201809 0.134 252.439 0.177
201812 0.122 251.233 0.162
201903 0.116 254.202 0.152
201906 0.120 256.143 0.156
201909 0.129 256.759 0.168
201912 0.123 256.974 0.160
202003 0.113 258.115 0.146
202006 0.121 257.797 0.157
202009 0.134 260.280 0.172
202012 0.128 260.474 0.164
202103 0.127 264.877 0.160
202106 0.137 271.696 0.168
202109 0.148 274.310 0.180
202112 0.143 278.802 0.171
202203 0.145 287.504 0.168
202206 0.155 296.311 0.175
202209 0.169 296.808 0.190
202212 0.163 296.797 0.183
202303 0.000 301.836 0.000
202306 0.173 305.109 0.189
202309 0.185 307.789 0.201
202312 0.183 306.746 0.199
202403 0.181 312.332 0.194
202406 0.189 314.175 0.201
202409 0.201 315.301 0.213
202412 0.189 315.605 0.200
202503 0.188 319.799 0.196
202506 0.199 322.561 0.206
202509 0.212 324.800 0.218
202512 0.205 324.054 0.211
202603 0.168 330.213 0.170
202606 0.179 333.952 0.179

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.

Is Al Suwadi Power CoOG (MUS:SUWP) Overvalued in 2026?

Based on GuruFocus' analysis, Al Suwadi Power CoOG stock appears to be overvalued. The current stock price of ر.ع0.18 is trading 130% above its estimated GF Value™ of ر.ع0.08. GuruFocus considers Al Suwadi Power CoOG to be Significantly Overvalued.

Key valuation signals for MUS:SUWP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ر.ع0.08 vs. price of ر.ع0.18 (130% above fair value)
  • GF Score™: 61/100 with 4 warning signs

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


Al Suwadi Power CoOG Business Description

Address Muscat Grand Mall Building No. 5, Street No. 35, P.O. Box 39, Bareeq Al Shatti, Level 1 (South East), Al Khuwair, Muscat, OMN, 103
Al Suwadi Power Co SAOG is an Oman-based company. The company owns the Barka 3 Power Plant in the Al Batinah region of the Sultanate of Oman. The Company's objectives are to develop, finance, design, construct, operate, maintain, insure and own a power generating facility (the Barka 3 Power Plant with a capacity of about 750MW, 'the Plant'), and associated gas interconnection facilities and other relevant infrastructure; to make available the demonstrated power capacity; and to sell the electrical energy generated to Nama Power and Water Procurement Company SAOC (PWP).
61GF Score

Get the complete analysis for MUS:SUWP

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

ر.ع0.18
Price
ر.ع0.08
GF Value