Amanat Holdings PJSC (DFM:AMANAT) Cyclically Adjusted PS Ratio: 6.52 (As of Jul. 16, 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.

DFM:AMANAT Amanat Holdings PJSC DFM:AMANAT
79 GF Score
Price د.إ1.37
GF Value د.إ1.45
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Amanat Holdings PJSC Cyclically Adjusted PS Ratio?

Amanat Holdings PJSC DFM:AMANAT +0.74% 79 Cyclically Adjusted PS Ratio is 6.52 as of Jul. 16, 2026, which is 4% above its 10-year median of 6.29. GuruFocus rates DFM:AMANAT with a GF Score™ of 79/100 and a GF Value™ of د.إ1.45 (Fairly Valued). The stock has 5 warning signs investors should review. Among 902 Asset Management companies, Amanat Holdings PJSC ranks better than 56.76% on this metric.

As of today (2026-07-16), Amanat Holdings PJSC's current share price is د.إ1.37. Amanat Holdings PJSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was د.إ0.21. Amanat Holdings PJSC's Cyclically Adjusted PS Ratio for today is 6.52.

The historical rank and industry rank for Amanat Holdings PJSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

DFM:AMANAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.68   Med: 6.29   Max: 7.4
Current: 6.59

During the past years, Amanat Holdings PJSC's highest Cyclically Adjusted PS Ratio was 7.40. The lowest was 5.68. And the median was 6.29.

DFM:AMANAT's Cyclically Adjusted PS Ratio is ranked better than
56.76% of 902 companies
in the Asset Management industry
Industry Median: 7.66 vs DFM:AMANAT: 6.59

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Amanat Holdings PJSC's adjusted revenue per share data for the three months ended in Mar. 2026 was د.إ0.120. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is د.إ0.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amanat Holdings PJSC  (DFM:AMANAT) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Amanat Holdings PJSC Cyclically Adjusted PS Ratio Related Terms


Amanat Holdings PJSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Amanat Holdings PJSC's Cyclically Adjusted PS 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.

Amanat Holdings PJSC Cyclically Adjusted PS Ratio Chart

Amanat Holdings PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 6.90 6.52

Amanat Holdings PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 6.61 6.04 5.90 6.52 5.69

DFM:AMANAT vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Amanat Holdings PJSC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Amanat Holdings PJSC Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Amanat Holdings PJSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Amanat Holdings PJSC's Cyclically Adjusted PS Ratio falls into.


DFM:AMANAT
79GF Score
Amanat Holdings PJSC DFM:AMANAT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amanat Holdings PJSC Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Amanat Holdings PJSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.37/0.21
=6.52

* 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.

Amanat Holdings PJSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Amanat Holdings PJSC's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.12/330.2130*330.2130
=0.120

Current CPI (Mar. 2026) = 330.2130.

Amanat Holdings PJSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.008 241.018 0.011
201609 0.009 241.428 0.012
201612 0.009 241.432 0.012
201703 0.010 243.801 0.014
201706 0.009 244.955 0.012
201709 0.011 246.819 0.015
201712 0.006 246.524 0.008
201803 0.011 249.554 0.015
201806 0.009 251.989 0.012
201809 0.009 252.439 0.012
201812 0.030 251.233 0.039
201903 0.028 254.202 0.036
201906 0.026 256.143 0.034
201909 0.015 256.759 0.019
201912 0.029 256.974 0.037
202003 0.023 258.115 0.029
202006 0.017 257.797 0.022
202009 0.010 260.280 0.013
202012 0.027 260.474 0.034
202103 0.039 264.877 0.049
202106 0.122 271.696 0.148
202109 0.052 274.310 0.063
202112 0.062 278.802 0.073
202203 0.057 287.504 0.065
202206 0.057 296.311 0.064
202209 0.033 296.808 0.037
202212 0.080 296.797 0.089
202303 0.078 301.836 0.085
202306 0.084 305.109 0.091
202309 0.048 307.789 0.051
202312 0.089 306.746 0.096
202403 0.093 312.332 0.098
202406 0.089 314.175 0.094
202409 0.052 315.301 0.054
202412 0.081 315.605 0.085
202503 0.097 319.799 0.100
202506 0.103 322.561 0.105
202509 0.069 324.800 0.070
202512 0.099 324.054 0.101
202603 0.120 330.213 0.120

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 6.52 mean?
Amanat Holdings PJSC (DFM:AMANAT) has a Cyclically Adjusted PS Ratio of 6.52 as of Jul. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Amanat Holdings PJSC and its competitors. This is near median its historical median of 6.29. Over the past decade, Amanat Holdings PJSC's Cyclically Adjusted PS Ratio has ranged from 5.68 to 7.40. According to the industry distribution chart, Amanat Holdings PJSC ranks #390 out of 902 companies in the Asset Management industry, placing it in the top 43.2%.
Is Amanat Holdings PJSC's Cyclically Adjusted PS Ratio too high?
Amanat Holdings PJSC's current Cyclically Adjusted PS Ratio of 6.52 is near median its 10-year median of 6.29. Over the past 10 years, this metric has ranged from a low of 5.68 to a high of 7.40. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.66. Amanat Holdings PJSC's value of 6.52 is 14.9% below this industry median. Based on the distribution chart, Amanat Holdings PJSC ranks #390 out of 902 companies in the Asset Management industry, which is above the industry midpoint. Overall, Amanat Holdings PJSC has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Amanat Holdings PJSC's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Amanat Holdings PJSC ranks #390 out of 902 companies for Cyclically Adjusted PS Ratio. This puts Amanat Holdings PJSC in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.66. Amanat Holdings PJSC's value of 6.52 is 14.9% below this benchmark. Historically, Amanat Holdings PJSC's own Cyclically Adjusted PS Ratio has ranged from 5.68 to 7.40 over the past decade. While the company's 10-year median is 6.29 vs. the industry median of 7.66, Amanat Holdings PJSC 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 PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.66, based on 902 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Amanat Holdings PJSC's current Cyclically Adjusted PS Ratio of 6.52 is 14.9% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Amanat Holdings PJSC and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amanat Holdings PJSC's current Cyclically Adjusted PS Ratio is 6.52, which is near median its own 10-year median of 6.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amanat Holdings PJSC stock overvalued right now?
Based on GuruFocus' analysis, Amanat Holdings PJSC (DFM:AMANAT) is currently considered Fairly Valued. The stock's GF Value™ is د.إ1.45, compared to a current price of د.إ1.37 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.52, which is near median its 10-year median of 6.29 and 14.9% below the Asset Management industry median of 7.66. Amanat Holdings PJSC's overall GF Score™ is 79/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Amanat Holdings PJSC (DFM:AMANAT), the current Cyclically Adjusted PS Ratio is 6.52 as of Jul. 16, 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 Amanat Holdings PJSC (DFM:AMANAT) Overvalued in 2026?

Based on GuruFocus' analysis, Amanat Holdings PJSC stock appears to be undervalued. The current stock price of د.إ1.37 is trading 5.5% below its estimated GF Value™ of د.إ1.45. GuruFocus considers Amanat Holdings PJSC to be Fairly Valued.

Key valuation signals for DFM:AMANAT:

  • Cyclically Adjusted PS Ratio: 6.52 (near median its 10-year median of 6.29)
  • GF Value™: د.إ1.45 vs. price of د.إ1.37 (5.5% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 14.9% below the Asset Management median (#390 of 902)

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


Amanat Holdings PJSC Business Description

Address One Central, The Offices 5, Level 1, Unit 107 and 108, P.O. Box 121012, Dubai, ARE
Amanat Holdings PJSC is engaged in investing in companies and enterprises in the fields of education and healthcare as well as managing, developing and operating such companies and enterprises. Its operating segment includes Education and Healthcare.
79GF Score

Get the complete analysis for DFM:AMANAT

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

د.إ1.37
Price
د.إ1.45
GF Value