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National Real Estate Co KSCKUW:NRE -1.42%16 Cyclically Adjusted PB Ratio is 0.77 as of Aug. 31, 2026, which is 60% above its 10-year median of 0.48. GuruFocus rates KUW:NRE with a GF Score™ of 16/100 and a GF Value™ of KWD0.03 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,301 Real Estate companies, National Real Estate Co KSC ranks worse than 55.19% on this metric.
The historical rank and industry rank for National Real Estate Co KSC's Cyclically Adjusted PB Ratio or its related term are showing as below:
KUW:NRE'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.48 Max: 1.32
Current: 0.78
During the past years, National Real Estate Co KSC's highest Cyclically Adjusted PB Ratio was 1.32. The lowest was 0.34. And the median was 0.48.
KUW:NRE's Cyclically Adjusted PB Ratio is ranked worse than 55.19% of 1301
companies
in the Real Estate industry
Industry Median: 0.67
vs KUW:NRE: 0.78
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 Real Estate Co KSC's adjusted book value per share data for the three months ended in Jun. 2026 was KWD0.126. 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 KWD0.18 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
National Real Estate Co KSC (KUW:NRE) 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 Real Estate Co KSC Cyclically Adjusted PB Ratio Related Terms
National Real Estate Co KSC Cyclically Adjusted PB Ratio Historical Data
* 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 Real Estate Co KSC Cyclically Adjusted PB Ratio Chart
National Real Estate Co KSC Cyclically Adjusted PB Ratio Competitor Comparison
For the Real Estate - Development subindustry, National Real Estate Co KSC'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 Real Estate Co KSC Cyclically Adjusted PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, National Real Estate Co KSC's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where National Real Estate Co KSC's Cyclically Adjusted PB Ratio falls into.
National Real Estate Co KSC 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.
* 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.
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 0.77 mean?
National Real Estate Co KSC (KUW:NRE) has a Cyclically Adjusted PB Ratio of 0.77 as of Aug. 31, 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 Real Estate Co KSC and its competitors. This is 60% above median its historical median of 0.48. Over the past decade, National Real Estate Co KSC's Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.32. According to the industry distribution chart, National Real Estate Co KSC ranks #718 out of 1301 companies in the Real Estate industry, placing it in the top 55.2%.
Is National Real Estate Co KSC's Cyclically Adjusted PB Ratio too high?
National Real Estate Co KSC's current Cyclically Adjusted PB Ratio of 0.77 is 60% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.32. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. National Real Estate Co KSC's value of 0.77 is 14.9% above this industry median. Based on the distribution chart, National Real Estate Co KSC ranks #718 out of 1301 companies in the Real Estate industry, which is below the industry midpoint. Overall, National Real Estate Co KSC has a GF Score™ of 16/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Real Estate Co KSC's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, National Real Estate Co KSC ranks #718 out of 1301 companies for Cyclically Adjusted PB Ratio. This places National Real Estate Co KSC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. National Real Estate Co KSC's value of 0.77 is 14.9% above this benchmark. Historically, National Real Estate Co KSC's own Cyclically Adjusted PB Ratio has ranged from 0.34 to 1.32 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.67, National Real Estate Co KSC 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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 Real Estate Co KSC's current Cyclically Adjusted PB Ratio of 0.77 is 14.9% 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 Real Estate Co KSC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Real Estate Co KSC's current Cyclically Adjusted PB Ratio is 0.77, which is 60% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Real Estate Co KSC stock overvalued right now?
Based on GuruFocus' analysis, National Real Estate Co KSC (KUW:NRE) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.03, compared to a current price of KWD0.14 — trading 363.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.77, which is 60% above median its 10-year median of 0.48 and 14.9% above the Real Estate industry median of 0.67. National Real Estate Co KSC's overall GF Score™ is 16/100 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 Real Estate Co KSC (KUW:NRE), the current Cyclically Adjusted PB Ratio is 0.77 as of Aug. 31, 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 Real Estate Co KSC (KUW:NRE) Overvalued in 2026?
Based on GuruFocus' analysis, National Real Estate Co KSC stock appears to be overvalued.
The current stock price of KWD0.14 is trading 363.3% above its estimated GF Value™ of KWD0.03.
GuruFocus considers National Real Estate Co KSC to be Significantly Overvalued.
Key valuation signals for KUW:NRE:
Cyclically Adjusted PB Ratio: 0.77 (60% above median its 10-year median of 0.48)
GF Value™: KWD0.03 vs. price of KWD0.14 (363.3% above fair value)
Industry Position: 14.9% above the Real Estate median (#718 of 1301)
No single metric tells the full story. See the KUW:NRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 investments 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 the United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.
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