National Industries Group HoldingK (DFM:NIND) Cyclically Adjusted PB Ratio: 1.07 (As of Aug. 21, 2026) — 14% Above Median

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DFM:NIND National Industries Group Holding SAK DFM:NIND
37 GF Score
Price د.إ3.37
GF Value د.إ2.59
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is National Industries Group HoldingK Cyclically Adjusted PB Ratio?

National Industries Group HoldingK DFM:NIND 37 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 21, 2026, which is 14% above its 10-year median of 0.94. GuruFocus rates DFM:NIND with a GF Score™ of 37/100 and a GF Value™ of د.إ2.59 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 445 Conglomerates companies, National Industries Group HoldingK ranks worse than 51.46% on this metric.

As of today (2026-08-21), National Industries Group HoldingK's current share price is د.إ3.37. National Industries Group HoldingK's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was د.إ3.16. National Industries Group HoldingK's Cyclically Adjusted PB Ratio for today is 1.07.

The historical rank and industry rank for National Industries Group HoldingK's Cyclically Adjusted PB Ratio or its related term are showing as below:

DFM:NIND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.94   Max: 1.33
Current: 1.05

During the past years, National Industries Group HoldingK's highest Cyclically Adjusted PB Ratio was 1.33. The lowest was 0.49. And the median was 0.94.

DFM:NIND's Cyclically Adjusted PB Ratio is ranked worse than
51.46% of 445 companies
in the Conglomerates industry
Industry Median: 1.01 vs DFM:NIND: 1.05

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.

National Industries Group HoldingK's adjusted book value per share data for the three months ended in Jun. 2026 was د.إ2.733. 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 د.إ3.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Industries Group HoldingK  (DFM:NIND) 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.


National Industries Group HoldingK Cyclically Adjusted PB Ratio Related Terms


National Industries Group HoldingK Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for National Industries Group HoldingK'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.

National Industries Group HoldingK Cyclically Adjusted PB Ratio Chart

National Industries Group HoldingK Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.87 0.85 1.07 1.33

National Industries Group HoldingK Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.14 1.24 1.33 1.00 1.07

DFM:NIND vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, National Industries Group HoldingK'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.


National Industries Group HoldingK Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, National Industries Group HoldingK's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where National Industries Group HoldingK's Cyclically Adjusted PB Ratio falls into.


DFM:NIND
37GF Score
National Industries Group Holding SAK DFM:NIND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Industries Group HoldingK 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.

National Industries Group HoldingK's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.37/3.16
=1.07

* 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.

National Industries Group HoldingK's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, National Industries Group HoldingK's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.733/333.9520*333.9520
=2.733

Current CPI (Jun. 2026) = 333.9520.

National Industries Group HoldingK Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.924 241.428 2.661
201612 1.985 241.432 2.746
201703 2.021 243.801 2.768
201706 1.972 244.955 2.688
201709 2.077 246.819 2.810
201712 2.071 246.524 2.805
201803 2.131 249.554 2.852
201806 2.051 251.989 2.718
201809 2.089 252.439 2.764
201812 1.943 251.233 2.583
201903 2.094 254.202 2.751
201906 2.018 256.143 2.631
201909 1.935 256.759 2.517
201912 2.082 256.974 2.706
202003 1.741 258.115 2.253
202006 1.749 257.797 2.266
202009 1.791 260.280 2.298
202012 1.801 260.474 2.309
202103 1.929 264.877 2.432
202106 2.107 271.696 2.590
202109 2.173 274.310 2.645
202112 2.236 278.802 2.678
202203 2.159 287.504 2.508
202206 2.450 296.311 2.761
202209 2.323 296.808 2.614
202212 2.329 296.797 2.621
202303 2.351 301.836 2.601
202306 2.268 305.109 2.482
202309 2.284 307.789 2.478
202312 2.386 306.746 2.598
202403 2.517 312.332 2.691
202406 2.499 314.175 2.656
202409 2.528 315.301 2.678
202412 2.635 315.605 2.788
202503 2.691 319.799 2.810
202506 2.690 322.561 2.785
202509 2.768 324.800 2.846
202512 2.855 324.054 2.942
202603 2.803 330.213 2.835
202606 2.733 333.952 2.733

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.

What does a Cyclically Adjusted PB Ratio of 1.07 mean?
National Industries Group HoldingK (DFM:NIND) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 21, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on National Industries Group HoldingK and its competitors. This is 14% above median its historical median of 0.94. Over the past decade, National Industries Group HoldingK's Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.33. According to the industry distribution chart, National Industries Group HoldingK ranks #229 out of 445 companies in the Conglomerates industry, placing it in the top 51.5%.
Is National Industries Group HoldingK's Cyclically Adjusted PB Ratio too high?
National Industries Group HoldingK's current Cyclically Adjusted PB Ratio of 1.07 is 14% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.33. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. National Industries Group HoldingK's value of 1.07 is 5.9% above this industry median. Based on the distribution chart, National Industries Group HoldingK ranks #229 out of 445 companies in the Conglomerates industry, which is below the industry midpoint. Overall, National Industries Group HoldingK has a GF Score™ of 37/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Industries Group HoldingK's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, National Industries Group HoldingK ranks #229 out of 445 companies for Cyclically Adjusted PB Ratio. This places National Industries Group HoldingK in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. National Industries Group HoldingK's value of 1.07 is 5.9% above this benchmark. Historically, National Industries Group HoldingK's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.33 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.01, National Industries Group HoldingK 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 PB Ratio for a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 445 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Industries Group HoldingK's current Cyclically Adjusted PB Ratio of 1.07 is 5.9% 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 PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on National Industries Group HoldingK and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Industries Group HoldingK's current Cyclically Adjusted PB Ratio is 1.07, which is 14% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Industries Group HoldingK stock overvalued right now?
Based on GuruFocus' analysis, National Industries Group HoldingK (DFM:NIND) is currently considered Modestly Overvalued. The stock's GF Value™ is د.إ2.59, compared to a current price of د.إ3.37 — trading 30.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is 14% above median its 10-year median of 0.94 and 5.9% above the Conglomerates industry median of 1.01. National Industries Group HoldingK's overall GF Score™ is 37/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For National Industries Group HoldingK (DFM:NIND), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 21, 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 National Industries Group HoldingK (DFM:NIND) Overvalued in 2026?

Based on GuruFocus' analysis, National Industries Group HoldingK stock appears to be overvalued. The current stock price of د.إ3.37 is trading 30.1% above its estimated GF Value™ of د.إ2.59. GuruFocus considers National Industries Group HoldingK to be Modestly Overvalued.

Key valuation signals for DFM:NIND:

  • Cyclically Adjusted PB Ratio: 1.07 (14% above median its 10-year median of 0.94)
  • GF Value™: د.إ2.59 vs. price of د.إ3.37 (30.1% above fair value)
  • GF Score™: 37/100 with 8 warning signs
  • Industry Position: 5.9% above the Conglomerates median (#229 of 445)

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


National Industries Group HoldingK Business Description

Other Exchanges NIND:Kuwait
Address Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005
National Industries Group Holding SAK operates in investment and its objectives are owning stocks and shares, lending money, owning industrial equities such as patents, and royalties, and owning real estate and movable property. The company has four segments Investments, Building Materials and Contracting services, Specialist Engineering and Hotel and IT operations. Geographically, it generates the majority of revenue from the Kuwait region.
37GF Score

Get the complete analysis for DFM:NIND

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

د.إ3.37
Price
د.إ2.59
GF Value