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Gulf Hotels Group BSC (BAH:GHG) Cyclically Adjusted PB Ratio : 0.81 (As of May. 29, 2024)


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What is Gulf Hotels Group BSC Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Gulf Hotels Group BSC's current share price is BHD0.43. Gulf Hotels Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was BHD0.53. Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio for today is 0.81.

The historical rank and industry rank for Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

BAH:GHG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.75   Max: 0.83
Current: 0.82

During the past years, Gulf Hotels Group BSC's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.64. And the median was 0.75.

BAH:GHG's Cyclically Adjusted PB Ratio is ranked better than
64.78% of 602 companies
in the Travel & Leisure industry
Industry Median: 1.385 vs BAH:GHG: 0.82

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.

Gulf Hotels Group BSC's adjusted book value per share data for the three months ended in Mar. 2024 was BHD0.447. 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 BHD0.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gulf Hotels Group BSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gulf Hotels Group BSC'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.

* Premium members only.

Gulf Hotels Group BSC Cyclically Adjusted PB Ratio Chart

Gulf Hotels Group BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.66 0.73 0.79

Gulf Hotels Group BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.76 0.80 0.79 0.79 0.81

Competitive Comparison of Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio

For the Lodging subindustry, Gulf Hotels Group BSC'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.


Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio falls into.



Gulf Hotels Group BSC 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.

Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.43/0.53
=0.81

* 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.

Gulf Hotels Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Gulf Hotels Group BSC's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.447/131.7762*131.7762
=0.447

Current CPI (Mar. 2024) = 131.7762.

Gulf Hotels Group BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.343 100.560 0.449
201409 0.355 100.428 0.466
201412 0.364 99.070 0.484
201503 0.347 99.621 0.459
201506 0.362 100.684 0.474
201509 0.370 100.392 0.486
201512 0.378 99.792 0.499
201603 0.364 100.470 0.477
201606 0.430 101.688 0.557
201609 0.443 101.861 0.573
201612 0.460 101.863 0.595
201703 0.453 102.862 0.580
201706 0.463 103.349 0.590
201709 0.474 104.136 0.600
201712 0.495 104.011 0.627
201803 0.483 105.290 0.605
201806 0.492 106.317 0.610
201809 0.497 106.507 0.615
201812 0.503 105.998 0.625
201903 0.486 107.251 0.597
201906 0.494 108.070 0.602
201909 0.501 108.329 0.609
201912 0.509 108.420 0.619
202003 0.000 108.902 0.000
202006 0.464 108.767 0.562
202009 0.459 109.815 0.551
202012 0.445 109.897 0.534
202103 0.435 111.754 0.513
202106 0.433 114.631 0.498
202109 0.437 115.734 0.498
202112 0.451 117.630 0.505
202203 0.441 121.301 0.479
202206 0.443 125.017 0.467
202209 0.448 125.227 0.471
202212 0.458 125.222 0.482
202303 0.446 127.348 0.462
202306 0.450 128.729 0.461
202309 0.451 129.860 0.458
202312 0.462 129.419 0.470
202403 0.447 131.776 0.447

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.


Gulf Hotels Group BSC  (BAH:GHG) 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.


Gulf Hotels Group BSC Cyclically Adjusted PB Ratio Related Terms

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Gulf Hotels Group BSC (BAH:GHG) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 580, Manama, BHR
Gulf Hotels Group BSC is involved in providing hospitality services. The company owns and operates the Gulf Hotel and Crown Plaza Hotels in the Kingdom of Bahrain and Gulf Court Hotel Business Bay in Dubai, UAE, GHG Colombo in Sri Lanka. The company has three segments; Hotel operations including Hotel rooms and rental and executive apartments and offices, food and beverage including the sale of food and beverages, and convention operations, and Investments and other activities including Investment activities of the Group. The company generates revenue on letting hotel rooms and sale of food and beverages.