National Industrialization Co (SAU:2060) Cyclically Adjusted PB Ratio: 0.60 (As of Aug. 29, 2026) — 21% Below Median

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SAU:2060 National Industrialization Co SAU:2060
50 GF Score
Price ﷼9.47
GF Value ﷼7.17
Valuation Significantly Overvalued
! 8 Warning Signs
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What is National Industrialization Co Cyclically Adjusted PB Ratio?

National Industrialization Co SAU:2060 +1.83% 50 Cyclically Adjusted PB Ratio is 0.60 as of Aug. 29, 2026, which is 21% below its 10-year median of 0.76. GuruFocus rates SAU:2060 with a GF Score™ of 50/100 and a GF Value™ of ﷼7.17 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,098 Chemicals companies, National Industrialization Co ranks better than 83.97% on this metric.

As of today (2026-08-29), National Industrialization Co's current share price is ﷼9.47. National Industrialization Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼15.73. National Industrialization Co's Cyclically Adjusted PB Ratio for today is 0.60.

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

SAU:2060' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.76   Max: 1.6
Current: 0.6

During the past years, National Industrialization Co's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.54. And the median was 0.76.

SAU:2060's Cyclically Adjusted PB Ratio is ranked better than
83.97% of 1098 companies
in the Chemicals industry
Industry Median: 1.655 vs SAU:2060: 0.60

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 Industrialization Co's adjusted book value per share data for the three months ended in Jun. 2026 was ﷼10.331. 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 ﷼15.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Industrialization Co  (SAU:2060) 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 Industrialization Co Cyclically Adjusted PB Ratio Related Terms


National Industrialization Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for National Industrialization 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.

National Industrialization Co Cyclically Adjusted PB Ratio Chart

National Industrialization 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 1.27 0.76 0.77 0.66 0.59

National Industrialization 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 0.61 0.72 0.59 0.59 0.57

SAU:2060 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, National Industrialization 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.


National Industrialization Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, National Industrialization Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where National Industrialization Co's Cyclically Adjusted PB Ratio falls into.


SAU:2060
50GF Score
National Industrialization Co SAU:2060
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Industrialization 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.

National Industrialization Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.47/15.73
=0.60

* 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 Industrialization Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, National Industrialization 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)
=10.331/333.9520*333.9520
=10.331

Current CPI (Jun. 2026) = 333.9520.

National Industrialization Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.044 241.428 16.660
201612 10.960 241.432 15.160
201703 11.342 243.801 15.536
201706 11.436 244.955 15.591
201709 11.931 246.819 16.143
201712 12.485 246.524 16.913
201803 13.186 249.554 17.645
201806 13.532 251.989 17.933
201809 13.810 252.439 18.269
201812 13.974 251.233 18.575
201903 14.286 254.202 18.768
201906 14.897 256.143 19.422
201909 14.909 256.759 19.391
201912 11.700 256.974 15.205
202003 11.300 258.115 14.620
202006 11.202 257.797 14.511
202009 11.207 260.280 14.379
202012 10.868 260.474 13.934
202103 11.379 264.877 14.346
202106 12.039 271.696 14.798
202109 12.452 274.310 15.159
202112 13.009 278.802 15.582
202203 14.087 287.504 16.363
202206 14.248 296.311 16.058
202209 14.242 296.808 16.024
202212 14.374 296.797 16.173
202303 14.507 301.836 16.051
202306 14.463 305.109 15.830
202309 14.428 307.789 15.654
202312 14.466 306.746 15.749
202403 14.248 312.332 15.234
202406 14.255 314.175 15.152
202409 14.508 315.301 15.366
202412 14.433 315.605 15.272
202503 15.674 319.799 16.368
202506 15.667 322.561 16.220
202509 14.910 324.800 15.330
202512 11.701 324.054 12.058
202603 11.190 330.213 11.317
202606 10.331 333.952 10.331

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 0.60 mean?
National Industrialization Co (SAU:2060) has a Cyclically Adjusted PB Ratio of 0.60 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 National Industrialization Co and its competitors. This is 21% below median its historical median of 0.76. Over the past decade, National Industrialization Co's Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.60. According to the industry distribution chart, National Industrialization Co ranks #176 out of 1098 companies in the Chemicals industry, placing it in the top 16%.
Is National Industrialization Co's Cyclically Adjusted PB Ratio too high?
National Industrialization Co's current Cyclically Adjusted PB Ratio of 0.60 is 21% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.60. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. National Industrialization Co's value of 0.60 is 63.7% below this industry median. Based on the distribution chart, National Industrialization Co ranks #176 out of 1098 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, National Industrialization Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Industrialization Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, National Industrialization Co ranks #176 out of 1098 companies for Cyclically Adjusted PB Ratio. This places National Industrialization Co in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.66. National Industrialization Co's value of 0.60 is 63.7% below this benchmark. Historically, National Industrialization Co's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.60 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.66, National Industrialization 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.66, based on 1,098 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 Industrialization Co's current Cyclically Adjusted PB Ratio of 0.60 is 63.7% 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 National Industrialization Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Industrialization Co's current Cyclically Adjusted PB Ratio is 0.60, which is 21% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Industrialization Co stock overvalued right now?
Based on GuruFocus' analysis, National Industrialization Co (SAU:2060) is currently considered Significantly Overvalued. The stock's GF Value™ is ﷼7.17, compared to a current price of ﷼9.47 — trading 32.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is 21% below median its 10-year median of 0.76 and 63.7% below the Chemicals industry median of 1.66. National Industrialization Co's overall GF Score™ is 50/100 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 Industrialization Co (SAU:2060), the current Cyclically Adjusted PB Ratio is 0.60 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 National Industrialization Co (SAU:2060) Overvalued in 2026?

Based on GuruFocus' analysis, National Industrialization Co stock appears to be overvalued. The current stock price of ﷼9.47 is trading 32.1% above its estimated GF Value™ of ﷼7.17. GuruFocus considers National Industrialization Co to be Significantly Overvalued.

Key valuation signals for SAU:2060:

  • Cyclically Adjusted PB Ratio: 0.60 (21% below median its 10-year median of 0.76)
  • GF Value™: ﷼7.17 vs. price of ﷼9.47 (32.1% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 63.7% below the Chemicals median (#176 of 1098)

No single metric tells the full story. See the SAU:2060 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Industrialization Co Business Description

Address Eastern Ring Road, P.O. Box 26707, The Business Gate, Building No. C3, Qurtuba Area, Riyadh, SAU, 11496
National Industrialization Co is engaged in industrial investment and transfer of advanced industrial technology to the Kingdom of Saudi Arabia. The Group operates in the manufacturing and marketing of products in various segments including petrochemicals, chemicals, metals, wires, plastics and industrial and automotive batteries. Additionally, the Group also provides the technical industrial services to engineering and mechanical sectors. It provides technical testing to equipment, and industrial, chemical, petrochemical, and metallurgical plants and water desalination and power generation plants. Its segment consists of Metallurgy, Petrochemicals, Downstream, and Others. The company generates maximum revenue from the Petrochemicals segment. It derives maximum revenue from Saudi Arabia.
50GF Score

Get the complete analysis for SAU:2060

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

﷼9.47
Price
﷼7.17
GF Value