Ajial Real Estate & Entertainment Co (KUW:AREEC) Price-to-Tangible-Book : 0.43 (As of May. 19, 2024)

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What is Ajial Real Estate & Entertainment Co Price-to-Tangible-Book?

As of today (2024-05-19), Ajial Real Estate & Entertainment Co's share price is KWD0.279. Ajial Real Estate & Entertainment Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was KWD0.65. Hence, Ajial Real Estate & Entertainment Co's Price to Tangible Book Ratio of today is 0.43.

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

KUW:AREEC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.19 Med: 0.28 Max: 0.47
Current: 0.43

During the past 13 years, Ajial Real Estate & Entertainment Co's highest Price to Tangible Book Ratio was 0.47. The lowest was 0.19. And the median was 0.28.

KUW:AREEC's Price-to-Tangible-Book is ranked better than
75.93% of 1724 companies
in the Real Estate industry
Industry Median: 0.85 vs KUW:AREEC: 0.43

A closely related ratio is called PB Ratio. As of today, Ajial Real Estate & Entertainment Co's share price is KWD0.279. Ajial Real Estate & Entertainment Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was KWD0.65. Hence, Ajial Real Estate & Entertainment Co's P/B Ratio of today is 0.43.

Ajial Real Estate & Entertainment Co Price-to-Tangible-Book Historical Data

The historical data trend for Ajial Real Estate & Entertainment Co'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.

Ajial Real Estate & Entertainment Co Price-to-Tangible-Book Chart

Ajial Real Estate & Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.27

0.28

0.45

0.42

0.38

Ajial Real Estate & Entertainment Co 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															0.38	0.37	0.37	0.38	0.40

Competitive Comparison of Ajial Real Estate & Entertainment Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Ajial Real Estate & Entertainment Co'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.

Ajial Real Estate & Entertainment Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

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

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

Ajial Real Estate & Entertainment Co Price-to-Tangible-Book Calculation

Ajial Real Estate & Entertainment Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.279	/	0.652
	=	0.43

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.

Ajial Real Estate & Entertainment Co Price-to-Tangible-Book Related Terms

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

Ajial Real Estate & Entertainment Co (KUW:AREEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ajial Real Estate & Entertainment Co (KUW:AREEC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

Al Hamra Tower, 26th Floor, Office No. 2, P.O. Box 22448, Safat, Kuwait City, KWT, 13085

Website

http://www.ajial-realestate.com

Ajial Real Estate & Entertainment Co is a real estate company. Its activities include buying and selling lands, renting and selling of real estate domestically and outside Kuwait, establishing and maintaining residential complexes, the building of commercial markets and entertainment centres, touristic facilities and special accommodations, provide contracting services and trading of building materials. The company's segments include Real estate investing activities that invests and trades in real estate and construction or development of real estate for the sale; and Equities and other investing activities that invest in financial and real estate funds and manages the group's liquidity requirements.

Ajial Real Estate & Entertainment Co (KUW:AREEC) Headlines

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