Salhia Real Estate Co KSCP (KUW:SRE) Cyclically Adjusted PB Ratio: 1.20 (As of Aug. 29, 2026) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KUW:SRE Salhia Real Estate Co KSCP KUW:SRE
56 GF Score
Price KWD0.38
GF Value KWD0.45
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Salhia Real Estate Co KSCP Cyclically Adjusted PB Ratio?

Salhia Real Estate Co KSCP KUW:SRE -1.79% 56 Cyclically Adjusted PB Ratio is 1.20 as of Aug. 29, 2026, which is 10% below its 10-year median of 1.33. GuruFocus rates KUW:SRE with a GF Score™ of 56/100 and a GF Value™ of KWD0.45 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,298 Real Estate companies, Salhia Real Estate Co KSCP ranks worse than 71.8% on this metric.

As of today (2026-08-29), Salhia Real Estate Co KSCP's current share price is KWD0.384. Salhia Real Estate Co KSCP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was KWD0.32. Salhia Real Estate Co KSCP's Cyclically Adjusted PB Ratio for today is 1.20.

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

KUW:SRE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.33   Max: 1.83
Current: 1.2

During the past years, Salhia Real Estate Co KSCP's highest Cyclically Adjusted PB Ratio was 1.83. The lowest was 0.96. And the median was 1.33.

KUW:SRE's Cyclically Adjusted PB Ratio is ranked worse than
71.8% of 1298 companies
in the Real Estate industry
Industry Median: 0.67 vs KUW:SRE: 1.20

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.

Salhia Real Estate Co KSCP's adjusted book value per share data for the three months ended in Jun. 2026 was KWD0.300. 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 KWD0.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Salhia Real Estate Co KSCP  (KUW:SRE) 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.


Salhia Real Estate Co KSCP Cyclically Adjusted PB Ratio Related Terms


Salhia Real Estate Co KSCP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Salhia Real Estate Co KSCP'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.

Salhia Real Estate Co KSCP Cyclically Adjusted PB Ratio Chart

Salhia Real Estate Co KSCP 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 1.60 1.54 1.31 1.25 1.25

Salhia Real Estate Co KSCP 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 1.31 1.26 1.25 1.24 1.23

Salhia Real Estate Co KSCP Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Salhia Real Estate Co KSCP'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.


Salhia Real Estate Co KSCP Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Salhia Real Estate Co KSCP's Cyclically Adjusted PB Ratio falls into.


KUW:SRE
56GF Score
Salhia Real Estate Co KSCP KUW:SRE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salhia Real Estate Co KSCP 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.

Salhia Real Estate Co KSCP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.384/0.32
=1.20

* 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.

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

For example, Salhia Real Estate Co KSCP'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)
=0.3/333.9520*333.9520
=0.300

Current CPI (Jun. 2026) = 333.9520.

Salhia Real Estate Co KSCP Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.228 241.428 0.315
201612 0.232 241.432 0.321
201703 0.224 243.801 0.307
201706 0.229 244.955 0.312
201709 0.234 246.819 0.317
201712 0.240 246.524 0.325
201803 0.253 249.554 0.339
201806 0.242 251.989 0.321
201809 0.249 252.439 0.329
201812 0.250 251.233 0.332
201903 0.259 254.202 0.340
201906 0.248 256.143 0.323
201909 0.251 256.759 0.326
201912 0.272 256.974 0.353
202003 0.274 258.115 0.355
202006 0.277 257.797 0.359
202009 0.281 260.280 0.361
202012 0.277 260.474 0.355
202103 0.257 264.877 0.324
202106 0.257 271.696 0.316
202109 0.262 274.310 0.319
202112 0.269 278.802 0.322
202203 0.247 287.504 0.287
202206 0.260 296.311 0.293
202209 0.270 296.808 0.304
202212 0.281 296.797 0.316
202303 0.276 301.836 0.305
202306 0.281 305.109 0.308
202309 0.291 307.789 0.316
202312 0.299 306.746 0.326
202403 0.289 312.332 0.309
202406 0.292 314.175 0.310
202409 0.300 315.301 0.318
202412 0.303 315.605 0.321
202503 0.308 319.799 0.322
202506 0.299 322.561 0.310
202509 0.299 324.800 0.307
202512 0.302 324.054 0.311
202603 0.305 330.213 0.308
202606 0.300 333.952 0.300

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 1.20 mean?
Salhia Real Estate Co KSCP (KUW:SRE) has a Cyclically Adjusted PB Ratio of 1.20 as of Aug. 29, 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 Salhia Real Estate Co KSCP and its competitors. This is 10% below median its historical median of 1.33. Over the past decade, Salhia Real Estate Co KSCP's Cyclically Adjusted PB Ratio has ranged from 0.96 to 1.83. According to the industry distribution chart, Salhia Real Estate Co KSCP ranks #932 out of 1298 companies in the Real Estate industry, placing it in the top 71.8%.
Is Salhia Real Estate Co KSCP's Cyclically Adjusted PB Ratio too high?
Salhia Real Estate Co KSCP's current Cyclically Adjusted PB Ratio of 1.20 is 10% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 1.83. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Salhia Real Estate Co KSCP's value of 1.20 is 79.1% above this industry median. Based on the distribution chart, Salhia Real Estate Co KSCP ranks #932 out of 1298 companies in the Real Estate industry, which is below the industry midpoint. Overall, Salhia Real Estate Co KSCP has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Salhia Real Estate Co KSCP's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Salhia Real Estate Co KSCP ranks #932 out of 1298 companies for Cyclically Adjusted PB Ratio. This places Salhia Real Estate Co KSCP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Salhia Real Estate Co KSCP's value of 1.20 is 79.1% above this benchmark. Historically, Salhia Real Estate Co KSCP's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 1.83 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 0.67, Salhia Real Estate Co KSCP 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 1,298 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. Salhia Real Estate Co KSCP's current Cyclically Adjusted PB Ratio of 1.20 is 79.1% 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 Salhia Real Estate Co KSCP 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. Salhia Real Estate Co KSCP's current Cyclically Adjusted PB Ratio is 1.20, which is 10% below median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salhia Real Estate Co KSCP stock overvalued right now?
Based on GuruFocus' analysis, Salhia Real Estate Co KSCP (KUW:SRE) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD0.45, compared to a current price of KWD0.38 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.20, which is 10% below median its 10-year median of 1.33 and 79.1% above the Real Estate industry median of 0.67. Salhia Real Estate Co KSCP's overall GF Score™ is 56/100 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 Salhia Real Estate Co KSCP (KUW:SRE), the current Cyclically Adjusted PB Ratio is 1.20 as of Aug. 29, 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 Salhia Real Estate Co KSCP (KUW:SRE) Overvalued in 2026?

Based on GuruFocus' analysis, Salhia Real Estate Co KSCP stock appears to be undervalued. The current stock price of KWD0.38 is trading 14.7% below its estimated GF Value™ of KWD0.45. GuruFocus considers Salhia Real Estate Co KSCP to be Modestly Undervalued.

Key valuation signals for KUW:SRE:

  • Cyclically Adjusted PB Ratio: 1.20 (10% below median its 10-year median of 1.33)
  • GF Value™: KWD0.45 vs. price of KWD0.38 (14.7% below fair value)
  • GF Score™: 56/100 with 8 warning signs
  • Industry Position: 79.1% above the Real Estate median (#932 of 1298)

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


Salhia Real Estate Co KSCP Business Description

Address Mohammed Thunayan Al-Ghanim Street, P.O. Box 23413, Salhia Complex, Safat, Kuwait City, KWT, 13095
Salhia Real Estate Co KSCP is engaged in real estate leasing and development of commercial properties and hotel operations. The company operates its following reportable segments: Real Estate Operations and Hotel Operations. Real estate operations: Consist of development and leasing of properties. Hotel operations: Consist of the hotel hospitality services provided through JW Marriott Hotel Kuwait, Courtyard Marriott Hotel-Kuwait and Arraya Ballroom Kuwait, and Marriot Executive Apartments. Key revenue is generated from Real estate operations. Geographically, the company has its projects in Kuwait, United Kingdom, and Germany.
56GF Score

Get the complete analysis for KUW:SRE

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

KWD0.38
Price
KWD0.45
GF Value