Bank Muscat (SAOG) (MUS:BKMB) Cyclically Adjusted PS Ratio: 4.90 (As of Jul. 18, 2026) — 2963% Above Median

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MUS:BKMB Bank Muscat (SAOG) MUS:BKMB
52 GF Score
Price ر.ع0.39
GF Value ر.ع0.31
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Bank Muscat (SAOG) Cyclically Adjusted PS Ratio?

Bank Muscat (SAOG) MUS:BKMB -0.25% 52 Cyclically Adjusted PS Ratio is 4.90 as of Jul. 18, 2026, which is 2963% above its 10-year median of 0.16. GuruFocus rates MUS:BKMB with a GF Score™ of 52/100 and a GF Value™ of ر.ع0.31 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,303 Banks companies, Bank Muscat (SAOG) ranks worse than 78.59% on this metric.

As of today (2026-07-18), Bank Muscat (SAOG)'s current share price is ر.ع0.392. Bank Muscat (SAOG)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ر.ع0.08. Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio for today is 4.90.

The historical rank and industry rank for Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

MUS:BKMB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.16   Max: 6.09
Current: 5.1

During the past years, Bank Muscat (SAOG)'s highest Cyclically Adjusted PS Ratio was 6.09. The lowest was 0.04. And the median was 0.16.

MUS:BKMB's Cyclically Adjusted PS Ratio is ranked worse than
78.59% of 1303 companies
in the Banks industry
Industry Median: 3.37 vs MUS:BKMB: 5.10

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.

Bank Muscat (SAOG)'s adjusted revenue per share data for the three months ended in Mar. 2026 was ر.ع0.019. 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 ر.ع0.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Muscat (SAOG)  (MUS:BKMB) 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.


Bank Muscat (SAOG) Cyclically Adjusted PS Ratio Related Terms


Bank Muscat (SAOG) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bank Muscat (SAOG)'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.

Bank Muscat (SAOG) Cyclically Adjusted PS Ratio Chart

Bank Muscat (SAOG) 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 0.06 0.16 3.76 3.40 4.34

Bank Muscat (SAOG) 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 3.36 3.62 4.39 4.34 6.24

MUS:BKMB vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Bank Muscat (SAOG)'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.


Bank Muscat (SAOG) Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio falls into.


MUS:BKMB
52GF Score
Bank Muscat (SAOG) MUS:BKMB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Muscat (SAOG) 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.

Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.392/0.08
=4.90

* 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.

Bank Muscat (SAOG)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bank Muscat (SAOG)'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)
=0.019/330.2130*330.2130
=0.019

Current CPI (Mar. 2026) = 330.2130.

Bank Muscat (SAOG) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 0.015 237.945 0.021
201512 0.011 236.525 0.015
201603 0.014 238.132 0.019
201606 0.014 241.018 0.019
201609 0.015 241.428 0.021
201612 0.014 241.432 0.019
201703 0.014 243.801 0.019
201706 0.013 244.955 0.018
201709 0.015 246.819 0.020
201712 0.016 246.524 0.021
201812 0.000 251.233 0.000
201903 0.015 254.202 0.019
201906 0.016 256.143 0.021
201909 0.016 256.759 0.021
201912 0.016 256.974 0.021
202003 0.015 258.115 0.019
202006 0.015 257.797 0.019
202009 0.015 260.280 0.019
202012 0.015 260.474 0.019
202103 0.016 264.877 0.020
202106 0.016 271.696 0.019
202109 0.015 274.310 0.018
202112 0.015 278.802 0.018
202203 0.015 287.504 0.017
202206 0.017 296.311 0.019
202209 0.016 296.808 0.018
202212 0.016 296.797 0.018
202303 0.016 301.836 0.018
202306 0.017 305.109 0.018
202309 0.017 307.789 0.018
202312 0.017 306.746 0.018
202403 0.018 312.332 0.019
202406 0.018 314.175 0.019
202409 0.018 315.301 0.019
202412 0.033 315.605 0.035
202503 0.019 319.799 0.020
202506 0.020 322.561 0.020
202509 0.003 324.800 0.003
202512 0.036 324.054 0.037
202603 0.019 330.213 0.019

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 4.90 mean?
Bank Muscat (SAOG) (MUS:BKMB) has a Cyclically Adjusted PS Ratio of 4.90 as of Jul. 18, 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 Bank Muscat (SAOG) and its competitors. This is 2963% above median its historical median of 0.16. Over the past decade, Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio has ranged from 0.04 to 6.09. According to the industry distribution chart, Bank Muscat (SAOG) ranks #1024 out of 1303 companies in the Banks industry, placing it in the top 78.6%.
Is Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio too high?
Bank Muscat (SAOG)'s current Cyclically Adjusted PS Ratio of 4.90 is 2963% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 6.09. The Banks industry median Cyclically Adjusted PS Ratio is 3.37. Bank Muscat (SAOG)'s value of 4.90 is 45.4% above this industry median. Based on the distribution chart, Bank Muscat (SAOG) ranks #1024 out of 1303 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank Muscat (SAOG) has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank Muscat (SAOG)'s Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Bank Muscat (SAOG) ranks #1024 out of 1303 companies for Cyclically Adjusted PS Ratio. This places Bank Muscat (SAOG) in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.37. Bank Muscat (SAOG)'s value of 4.90 is 45.4% above this benchmark. Historically, Bank Muscat (SAOG)'s own Cyclically Adjusted PS Ratio has ranged from 0.04 to 6.09 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 3.37, Bank Muscat (SAOG) 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 PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.37, based on 1,303 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. Bank Muscat (SAOG)'s current Cyclically Adjusted PS Ratio of 4.90 is 45.4% 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 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 Bank Muscat (SAOG) and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank Muscat (SAOG)'s current Cyclically Adjusted PS Ratio is 4.90, which is 2963% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Muscat (SAOG) stock overvalued right now?
Based on GuruFocus' analysis, Bank Muscat (SAOG) (MUS:BKMB) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.31, compared to a current price of ر.ع0.39 — trading 26.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.90, which is 2963% above median its 10-year median of 0.16 and 45.4% above the Banks industry median of 3.37. Bank Muscat (SAOG)'s overall GF Score™ is 52/100 with 2 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 Bank Muscat (SAOG) (MUS:BKMB), the current Cyclically Adjusted PS Ratio is 4.90 as of Jul. 18, 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 Bank Muscat (SAOG) (MUS:BKMB) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Muscat (SAOG) stock appears to be overvalued. The current stock price of ر.ع0.39 is trading 26.5% above its estimated GF Value™ of ر.ع0.31. GuruFocus considers Bank Muscat (SAOG) to be Modestly Overvalued.

Key valuation signals for MUS:BKMB:

  • Cyclically Adjusted PS Ratio: 4.90 (2963% above median its 10-year median of 0.16)
  • GF Value™: ر.ع0.31 vs. price of ر.ع0.39 (26.5% above fair value)
  • GF Score™: 52/100 with 2 warning signs
  • Industry Position: 45.4% above the Banks median (#1024 of 1303)

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


Bank Muscat (SAOG) Business Description

Other Exchanges BKM:UK
Address Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112
Bank Muscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a-compliant financing based on various Shari'a-compliant modes, and undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include Personal, Corporate, Wholesale, Islamic, and International banking. It generates the majority of revenue from the personal banking segment, which provides products and services to individuals, including consumer loans, credit cards, deposit accounts, savings deposits, foreign exchange, e-banking, remittances, bancassurance, and other branch-related services.
52GF Score

Get the complete analysis for MUS:BKMB

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

ر.ع0.39
Price
ر.ع0.31
GF Value