Emaar the Economic City JSC (SAU:4220) Cyclically Adjusted PB Ratio: 0.53 (As of Sep. 03, 2026) — 36% Below Median

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Director of Data and Quant Analytics at GuruFocus
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SAU:4220 Emaar the Economic City JSC SAU:4220
61 GF Score
Price ﷼9.85
GF Value ﷼19.53
Valuation Possible Value Trap
! 5 Warning Signs
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What is Emaar the Economic City JSC Cyclically Adjusted PB Ratio?

Emaar the Economic City JSC SAU:4220 -0.51% 61 Cyclically Adjusted PB Ratio is 0.53 as of Sep. 03, 2026, which is 36% below its 10-year median of 0.83. GuruFocus rates SAU:4220 with a GF Score™ of 61/100 and a GF Value™ of ﷼19.53 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,301 Real Estate companies, Emaar the Economic City JSC ranks better than 57.34% on this metric.

As of today (2026-09-03), Emaar the Economic City JSC's current share price is ﷼9.85. Emaar the Economic City JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼18.75. Emaar the Economic City JSC's Cyclically Adjusted PB Ratio for today is 0.53.

The historical rank and industry rank for Emaar the Economic City JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

SAU:4220' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.83   Max: 1.36
Current: 0.52

During the past years, Emaar the Economic City JSC's highest Cyclically Adjusted PB Ratio was 1.36. The lowest was 0.45. And the median was 0.83.

SAU:4220's Cyclically Adjusted PB Ratio is ranked better than
57.34% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs SAU:4220: 0.52

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.

Emaar the Economic City JSC's adjusted book value per share data for the three months ended in Jun. 2026 was ﷼10.282. 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 ﷼18.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emaar the Economic City JSC  (SAU:4220) 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.


Emaar the Economic City JSC Cyclically Adjusted PB Ratio Related Terms


Emaar the Economic City JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Emaar the Economic City JSC'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.

Emaar the Economic City JSC Cyclically Adjusted PB Ratio Chart

Emaar the Economic City JSC 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 1.20 0.83 0.81 0.93 0.52

Emaar the Economic City JSC 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 0.67 0.71 0.52 0.51 0.53

Emaar the Economic City JSC Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Emaar the Economic City JSC'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.


Emaar the Economic City JSC Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Emaar the Economic City JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Emaar the Economic City JSC's Cyclically Adjusted PB Ratio falls into.


SAU:4220
61GF Score
Emaar the Economic City JSC SAU:4220
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emaar the Economic City JSC 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.

Emaar the Economic City JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.85/18.75
=0.53

* 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.

Emaar the Economic City JSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Emaar the Economic City JSC'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)
=10.282/333.9520*333.9520
=10.282

Current CPI (Jun. 2026) = 333.9520.

Emaar the Economic City JSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.625 241.428 29.912
201612 19.866 241.432 27.479
201703 19.821 243.801 27.150
201706 19.913 244.955 27.148
201709 19.981 246.819 27.035
201712 20.408 246.524 27.646
201803 20.418 249.554 27.323
201806 20.305 251.989 26.909
201809 19.964 252.439 26.410
201812 19.493 251.233 25.911
201903 20.080 254.202 26.380
201906 19.762 256.143 25.765
201909 19.227 256.759 25.007
201912 18.097 256.974 23.518
202003 17.328 258.115 22.419
202006 16.789 257.797 21.749
202009 16.337 260.280 20.961
202012 14.651 260.474 18.784
202103 14.429 264.877 18.192
202106 10.481 271.696 12.883
202109 15.563 274.310 18.947
202112 14.862 278.802 17.802
202203 14.752 287.504 17.135
202206 14.279 296.311 16.093
202209 13.896 296.808 15.635
202212 12.718 296.797 14.310
202303 12.387 301.836 13.705
202306 12.592 305.109 13.782
202309 12.639 307.789 13.713
202312 12.243 306.746 13.329
202403 11.569 312.332 12.370
202406 10.919 314.175 11.606
202409 10.022 315.301 10.615
202412 10.066 315.605 10.651
202503 9.816 319.799 10.250
202506 9.733 322.561 10.077
202509 9.464 324.800 9.731
202512 10.585 324.054 10.908
202603 10.382 330.213 10.500
202606 10.282 333.952 10.282

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 0.53 mean?
Emaar the Economic City JSC (SAU:4220) has a Cyclically Adjusted PB Ratio of 0.53 as of Sep. 03, 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 Emaar the Economic City JSC and its competitors. This is 36% below median its historical median of 0.83. Over the past decade, Emaar the Economic City JSC's Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.36. According to the industry distribution chart, Emaar the Economic City JSC ranks #555 out of 1301 companies in the Real Estate industry, placing it in the top 42.7%.
Is Emaar the Economic City JSC's Cyclically Adjusted PB Ratio too high?
Emaar the Economic City JSC's current Cyclically Adjusted PB Ratio of 0.53 is 36% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.36. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Emaar the Economic City JSC's value of 0.53 is 20.9% below this industry median. Based on the distribution chart, Emaar the Economic City JSC ranks #555 out of 1301 companies in the Real Estate industry, which is above the industry midpoint. Overall, Emaar the Economic City JSC has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Emaar the Economic City JSC's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Emaar the Economic City JSC ranks #555 out of 1301 companies for Cyclically Adjusted PB Ratio. This puts Emaar the Economic City JSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Emaar the Economic City JSC's value of 0.53 is 20.9% below this benchmark. Historically, Emaar the Economic City JSC's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.36 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.67, Emaar the Economic City JSC 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 0.67, 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. Emaar the Economic City JSC's current Cyclically Adjusted PB Ratio of 0.53 is 20.9% 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 Emaar the Economic City JSC 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. Emaar the Economic City JSC's current Cyclically Adjusted PB Ratio is 0.53, which is 36% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar the Economic City JSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar the Economic City JSC (SAU:4220) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼19.53, compared to a current price of ﷼9.85 — trading 49.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.53, which is 36% below median its 10-year median of 0.83 and 20.9% below the Real Estate industry median of 0.67. Emaar the Economic City JSC's overall GF Score™ is 61/100 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 Emaar the Economic City JSC (SAU:4220), the current Cyclically Adjusted PB Ratio is 0.53 as of Sep. 03, 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 Emaar the Economic City JSC (SAU:4220) Overvalued in 2026?

Based on GuruFocus' analysis, Emaar the Economic City JSC stock appears to be undervalued. The current stock price of ﷼9.85 is trading 49.6% below its estimated GF Value™ of ﷼19.53. GuruFocus considers Emaar the Economic City JSC to be Possible Value Trap.

Key valuation signals for SAU:4220:

  • Cyclically Adjusted PB Ratio: 0.53 (36% below median its 10-year median of 0.83)
  • GF Value™: ﷼19.53 vs. price of ﷼9.85 (49.6% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 20.9% below the Real Estate median (#555 of 1301)

No single metric tells the full story. See the SAU:4220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emaar the Economic City JSC Business Description

Address BayLaSun - Juman street, king Abdullah Economic City, unit 1, Rabigh, SAU, 23964
Emaar the Economic City JSC is a real estate development and management company. The main activity of the company is the development of the King Abdullah Economic City (KAEC). It is also engaged in the development of real estate in the economic and other zones and other development activities, including infrastructures, promotion, marketing and sale of land within development areas, development of buildings and housing units, and construction on behalf of other parties. The company's reportable segments includes Residential business, Industrial development, Hospitality and leisure, Education services, and City operations. Key revenue is derived from its Residential business segment which includes revenue from sale/lease rental income of land and units for residential purposes.
61GF Score

Get the complete analysis for SAU:4220

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

﷼9.85
Price
﷼19.53
GF Value