National Real Estate Co KSC (KUW:NRE) Price-to-Tangible-Book : 0.53 (As of May. 18, 2024)

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What is National Real Estate Co KSC Price-to-Tangible-Book?

As of today (2024-05-18), National Real Estate Co KSC's share price is KWD0.094. National Real Estate Co KSC's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was KWD0.18. Hence, National Real Estate Co KSC's Price to Tangible Book Ratio of today is 0.53.

The historical rank and industry rank for National Real Estate Co KSC's Price-to-Tangible-Book or its related term are showing as below:

KUW:NRE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.32 Med: 0.47 Max: 1.06
Current: 0.53

During the past 13 years, National Real Estate Co KSC's highest Price to Tangible Book Ratio was 1.06. The lowest was 0.32. And the median was 0.47.

KUW:NRE's Price-to-Tangible-Book is ranked better than
70.65% of 1724 companies
in the Real Estate industry
Industry Median: 0.85 vs KUW:NRE: 0.53

A closely related ratio is called PB Ratio. As of today, National Real Estate Co KSC's share price is KWD0.094. National Real Estate Co KSC's Book Value per Sharefor the quarter that ended in Mar. 2024 was KWD0.18. Hence, National Real Estate Co KSC's P/B Ratio of today is 0.53.

National Real Estate Co KSC Price-to-Tangible-Book Historical Data

The historical data trend for National Real Estate Co KSC's Price-to-Tangible-Book 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.

National Real Estate Co KSC Price-to-Tangible-Book Chart

National Real Estate Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.48

0.42

0.76

0.65

0.36

National Real Estate Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.39	0.41	0.35	0.36	0.57

Competitive Comparison of National Real Estate Co KSC's Price-to-Tangible-Book

For the Real Estate - Development subindustry, National Real Estate Co KSC's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

National Real Estate Co KSC's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, National Real Estate Co KSC's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where National Real Estate Co KSC's Price-to-Tangible-Book falls into.

National Real Estate Co KSC Price-to-Tangible-Book Calculation

National Real Estate Co KSC's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.094	/	0.178
	=	0.53

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

National Real Estate Co KSC Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of National Real Estate Co KSC's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

National Real Estate Co KSC (KUW:NRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » National Real Estate Co KSC (KUW:NRE) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Al-Shuhada Street, P.O. Box 22644, 58th Floor, Al-Hamra Tower, Sharq, Safat, Kuwait, KWT, 13087

Website

http://www.nrec.com.kw

National Real Estate Co KSC (NREC) is a real estate investment and development company. The company is engaged in the purchase, development, and sale of land, management of real estate properties, real estate construction, and maintenance services. The company reports in two segments: Real Estate and others which include development, trading, leasing, and management of real estate properties and other activities, and the Investments segment which consists of investment in an associate, joint venture, and equity securities. The portfolio of company projects includes Residential, Malls, commercial, industrial, warehousing, and resorts. NREC has development projects in United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.