Ajial Real Estate & Entertainment Co (KUW:AREEC) Cyclically Adjusted PB Ratio: 0.41 (As of Aug. 19, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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KUW:AREEC Ajial Real Estate & Entertainment Co KUW:AREEC
46 GF Score
Price KWD0.30
GF Value KWD0.35
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ajial Real Estate & Entertainment Co Cyclically Adjusted PB Ratio?

Ajial Real Estate & Entertainment Co KUW:AREEC 46 Cyclically Adjusted PB Ratio is 0.41 as of Aug. 19, 2026, which is 8% above its 10-year median of 0.38. GuruFocus rates KUW:AREEC with a GF Score™ of 46/100 and a GF Value™ of KWD0.35 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,385 Real Estate companies, Ajial Real Estate & Entertainment Co ranks better than 67.44% on this metric.

As of today (2026-08-19), Ajial Real Estate & Entertainment Co's current share price is KWD0.30. Ajial Real Estate & Entertainment Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was KWD0.74. Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio for today is 0.41.

The historical rank and industry rank for Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

KUW:AREEC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.38   Max: 0.46
Current: 0.4

During the past years, Ajial Real Estate & Entertainment Co's highest Cyclically Adjusted PB Ratio was 0.46. The lowest was 0.26. And the median was 0.38.

KUW:AREEC's Cyclically Adjusted PB Ratio is ranked better than
67.44% of 1385 companies
in the Real Estate industry
Industry Median: 0.68 vs KUW:AREEC: 0.40

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.

Ajial Real Estate & Entertainment Co's adjusted book value per share data for the three months ended in Jun. 2026 was KWD0.679. 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 KWD0.74 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Ajial Real Estate & Entertainment Co Cyclically Adjusted PB Ratio Related Terms


Ajial Real Estate & Entertainment Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

Ajial Real Estate & Entertainment Co Cyclically Adjusted PB Ratio Chart

Ajial Real Estate & Entertainment Co 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 0.42 0.39 0.35 0.38 0.44

Ajial Real Estate & Entertainment Co 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 0.35 0.40 0.44 0.42 0.42

KUW:AREEC vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

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


Ajial Real Estate & Entertainment Co Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio falls into.


KUW:AREEC
46GF Score
Ajial Real Estate & Entertainment Co KUW:AREEC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ajial Real Estate & Entertainment Co 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.

Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.30/0.74
=0.41

* 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.

Ajial Real Estate & Entertainment Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ajial Real Estate & Entertainment Co'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)
=0.679/333.9520*333.9520
=0.679

Current CPI (Jun. 2026) = 333.9520.

Ajial Real Estate & Entertainment Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 0.564 241.432 0.780
201703 0.570 243.801 0.781
201706 0.572 244.955 0.780
201709 0.579 246.819 0.783
201712 0.577 246.524 0.782
201803 0.578 249.554 0.773
201806 0.585 251.989 0.775
201809 0.588 252.439 0.778
201812 0.585 251.233 0.778
201903 0.590 254.202 0.775
201906 0.595 256.143 0.776
201909 0.600 256.759 0.780
201912 0.595 256.974 0.773
202003 0.600 258.115 0.776
202006 0.602 257.797 0.780
202009 0.636 260.280 0.816
202012 0.602 260.474 0.772
202103 0.610 264.877 0.769
202106 0.615 271.696 0.756
202109 0.619 274.310 0.754
202112 0.622 278.802 0.745
202203 0.621 287.504 0.721
202206 0.626 296.311 0.706
202209 0.630 296.808 0.709
202212 0.637 296.797 0.717
202303 0.641 301.836 0.709
202306 0.642 305.109 0.703
202309 0.650 307.789 0.705
202312 0.653 306.746 0.711
202403 0.652 312.332 0.697
202406 0.660 314.175 0.702
202409 0.668 315.301 0.708
202412 0.672 315.605 0.711
202503 0.660 319.799 0.689
202506 0.669 322.561 0.693
202509 0.679 324.800 0.698
202512 0.682 324.054 0.703
202603 0.670 330.213 0.678
202606 0.679 333.952 0.679

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 0.41 mean?
Ajial Real Estate & Entertainment Co (KUW:AREEC) has a Cyclically Adjusted PB Ratio of 0.41 as of Aug. 19, 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 Ajial Real Estate & Entertainment Co and its competitors. This is near median its historical median of 0.38. Over the past decade, Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio has ranged from 0.26 to 0.46. According to the industry distribution chart, Ajial Real Estate & Entertainment Co ranks #451 out of 1385 companies in the Real Estate industry, placing it in the top 32.6%.
Is Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio too high?
Ajial Real Estate & Entertainment Co's current Cyclically Adjusted PB Ratio of 0.41 is near median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.46. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Ajial Real Estate & Entertainment Co's value of 0.41 is 39.7% below this industry median. Based on the distribution chart, Ajial Real Estate & Entertainment Co ranks #451 out of 1385 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ajial Real Estate & Entertainment Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ajial Real Estate & Entertainment Co's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Ajial Real Estate & Entertainment Co ranks #451 out of 1385 companies for Cyclically Adjusted PB Ratio. This puts Ajial Real Estate & Entertainment Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Ajial Real Estate & Entertainment Co's value of 0.41 is 39.7% below this benchmark. Historically, Ajial Real Estate & Entertainment Co's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 0.46 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.68, Ajial Real Estate & Entertainment Co has consistently been below 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,385 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. Ajial Real Estate & Entertainment Co's current Cyclically Adjusted PB Ratio of 0.41 is 39.7% below 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 Ajial Real Estate & Entertainment Co and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajial Real Estate & Entertainment Co's current Cyclically Adjusted PB Ratio is 0.41, which is near median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajial Real Estate & Entertainment Co stock overvalued right now?
Based on GuruFocus' analysis, Ajial Real Estate & Entertainment Co (KUW:AREEC) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD0.35, compared to a current price of KWD0.30 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.41, which is near median its 10-year median of 0.38 and 39.7% below the Real Estate industry median of 0.68. Ajial Real Estate & Entertainment Co's overall GF Score™ is 46/100 with 5 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 Ajial Real Estate & Entertainment Co (KUW:AREEC), the current Cyclically Adjusted PB Ratio is 0.41 as of Aug. 19, 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 Ajial Real Estate & Entertainment Co (KUW:AREEC) Overvalued in 2026?

Based on GuruFocus' analysis, Ajial Real Estate & Entertainment Co stock appears to be undervalued. The current stock price of KWD0.30 is trading 14.3% below its estimated GF Value™ of KWD0.35. GuruFocus considers Ajial Real Estate & Entertainment Co to be Modestly Undervalued.

Key valuation signals for KUW:AREEC:

  • Cyclically Adjusted PB Ratio: 0.41 (near median its 10-year median of 0.38)
  • GF Value™: KWD0.35 vs. price of KWD0.30 (14.3% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 39.7% below the Real Estate median (#451 of 1385)

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


Ajial Real Estate & Entertainment Co Business Description

Address Hawally, Block 5, Beirut Street, Al-Andalus Complex, 16th Floor, P.O. Box 44301, Hawally, KWT, 32058
Ajial Real Estate & Entertainment Co is engaged in all real estate activities including buying and selling lands, real estate and renting and leasing thereof inside and outside Kuwait. It establishes and maintains buildings and real estate projects including establishment of residential complexes thereof and commercial markets and entertainment centres, touristic facilities and building special accommodations. The group has three operating segments: real estate, entertainment and investment. The majority of the revenue is derived from real estate segments that comprise investment, rental of and trading in real estate and construction or development of real estate for the sale in the ordinary course of business and other related real estate services.
46GF Score

Get the complete analysis for KUW:AREEC

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

KWD0.30
Price
KWD0.35
GF Value