Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) Cyclically Adjusted PB Ratio: 1.74 (As of Sep. 14, 2026) — 66% Above 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:THURAYA Dar AL Thuraya Real Estate Co KSCC KUW:THURAYA
12 GF Score
Price KWD0.24
! 3 Warning Signs
View Full Analysis

What is Dar AL Thuraya Real Estate Co KSCC Cyclically Adjusted PB Ratio?

Dar AL Thuraya Real Estate Co KSCC KUW:THURAYA +6.11% 12 Cyclically Adjusted PB Ratio is 1.74 as of Sep. 14, 2026, which is 66% above its 10-year median of 1.05. GuruFocus rates KUW:THURAYA with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 1,300 Real Estate companies, Dar AL Thuraya Real Estate Co KSCC ranks worse than 82.15% on this metric.

As of today (2026-09-14), Dar AL Thuraya Real Estate Co KSCC's current share price is KWD0.243. Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was KWD0.14. Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio for today is 1.74.

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

KUW:THURAYA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.05   Max: 3.45
Current: 1.68

During the past years, Dar AL Thuraya Real Estate Co KSCC's highest Cyclically Adjusted PB Ratio was 3.45. The lowest was 0.73. And the median was 1.05.

KUW:THURAYA's Cyclically Adjusted PB Ratio is ranked worse than
82.15% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs KUW:THURAYA: 1.68

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.

Dar AL Thuraya Real Estate Co KSCC's adjusted book value per share data for the three months ended in Jun. 2026 was KWD0.139. 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 KWD0.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dar AL Thuraya Real Estate Co KSCC  (KUW:THURAYA) 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.


Dar AL Thuraya Real Estate Co KSCC Cyclically Adjusted PB Ratio Related Terms


Dar AL Thuraya Real Estate Co KSCC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dar AL Thuraya Real Estate Co KSCC'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.

Dar AL Thuraya Real Estate Co KSCC Cyclically Adjusted PB Ratio Chart

Dar AL Thuraya Real Estate Co KSCC 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 0.00 1.64 1.00 0.81 1.42

Dar AL Thuraya Real Estate Co KSCC 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 0.87 1.55 1.42 2.32 2.52

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

For the Real Estate Services subindustry, Dar AL Thuraya Real Estate Co KSCC'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.


Dar AL Thuraya Real Estate Co KSCC Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio falls into.


KUW:THURAYA
12GF Score
Dar AL Thuraya Real Estate Co KSCC KUW:THURAYA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dar AL Thuraya Real Estate Co KSCC 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.

Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.243/0.14
=1.74

* 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.

Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dar AL Thuraya Real Estate Co KSCC'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)
=0.139/333.9520*333.9520
=0.139

Current CPI (Jun. 2026) = 333.9520.

Dar AL Thuraya Real Estate Co KSCC Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.119 241.428 0.165
201612 0.102 241.432 0.141
201703 0.000 243.801 0.000
201706 0.101 244.955 0.138
201709 0.101 246.819 0.137
201712 0.097 246.524 0.131
201803 0.097 249.554 0.130
201806 0.000 251.989 0.000
201809 0.100 252.439 0.132
201812 0.101 251.233 0.134
201903 0.103 254.202 0.135
201906 0.106 256.143 0.138
201909 0.107 256.759 0.139
201912 0.105 256.974 0.136
202003 0.105 258.115 0.136
202006 0.106 257.797 0.137
202009 0.106 260.280 0.136
202012 0.109 260.474 0.140
202103 0.109 264.877 0.137
202106 0.109 271.696 0.134
202109 0.109 274.310 0.133
202112 0.115 278.802 0.138
202203 0.116 287.504 0.135
202206 0.116 296.311 0.131
202209 0.117 296.808 0.132
202212 0.118 296.797 0.133
202303 0.118 301.836 0.131
202306 0.119 305.109 0.130
202309 0.119 307.789 0.129
202312 0.120 306.746 0.131
202403 0.121 312.332 0.129
202406 0.122 314.175 0.130
202409 0.122 315.301 0.129
202412 0.136 315.605 0.144
202503 0.137 319.799 0.143
202506 0.138 322.561 0.143
202509 0.139 324.800 0.143
202512 0.138 324.054 0.142
202603 0.138 330.213 0.140
202606 0.139 333.952 0.139

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 1.74 mean?
Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) has a Cyclically Adjusted PB Ratio of 1.74 as of Sep. 14, 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 Dar AL Thuraya Real Estate Co KSCC and its competitors. This is 66% above median its historical median of 1.05. Over the past decade, Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio has ranged from 0.73 to 3.45. According to the industry distribution chart, Dar AL Thuraya Real Estate Co KSCC ranks #1068 out of 1300 companies in the Real Estate industry, placing it in the top 82.2%.
Is Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio too high?
Dar AL Thuraya Real Estate Co KSCC's current Cyclically Adjusted PB Ratio of 1.74 is 66% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 3.45. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. Dar AL Thuraya Real Estate Co KSCC's value of 1.74 is 163.6% above this industry median. Based on the distribution chart, Dar AL Thuraya Real Estate Co KSCC ranks #1068 out of 1300 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Dar AL Thuraya Real Estate Co KSCC has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Dar AL Thuraya Real Estate Co KSCC's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Dar AL Thuraya Real Estate Co KSCC ranks #1068 out of 1300 companies for Cyclically Adjusted PB Ratio. This places Dar AL Thuraya Real Estate Co KSCC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. Dar AL Thuraya Real Estate Co KSCC's value of 1.74 is 163.6% above this benchmark. Historically, Dar AL Thuraya Real Estate Co KSCC's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 3.45 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.66, Dar AL Thuraya Real Estate Co KSCC 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 0.66, based on 1,300 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. Dar AL Thuraya Real Estate Co KSCC's current Cyclically Adjusted PB Ratio of 1.74 is 163.6% 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 Dar AL Thuraya Real Estate Co KSCC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dar AL Thuraya Real Estate Co KSCC's current Cyclically Adjusted PB Ratio is 1.74, which is 66% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dar AL Thuraya Real Estate Co KSCC stock overvalued right now?
Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) has a current Cyclically Adjusted PB Ratio of 1.74. The current Cyclically Adjusted PB Ratio is 1.74, which is 66% above median its 10-year median of 1.05 and 163.6% above the Real Estate industry median of 0.66. Dar AL Thuraya Real Estate Co KSCC's overall GF Score™ is 12/100 with 3 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 Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA), the current Cyclically Adjusted PB Ratio is 1.74 as of Sep. 14, 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.

Dar AL Thuraya Real Estate Co KSCC Business Description

Address Ali Al Salem Street, Block 11, P.O. Box 1376, Building No. 21, Al Faris Commercial Tower, Mezzanine Floor, Al Qibla area, Safat, KWT, 13014
Dar AL Thuraya Real Estate Co KSCC operates in the real estate market. It provides real estate management, property, project, and construction management services; and real estate consultancy services. The company has three business segments. The Investment properties engaged in buying, selling and increasing the capital value of investment properties. The Investments segment engaged in Investment in subsidiaries and equity shares. And the others unallocated items include Assets, liabilities, revenues and expenses not allocated within the above segments. It generates maximum revenue from the Investment properties segment and geographically from Kuwait.
12GF Score

Get the complete analysis for KUW:THURAYA

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

KWD0.24
Price