Riyad REIT Fund (SAU:4330) Cyclically Adjusted PB Ratio: 0.45 (As of Sep. 08, 2026) — Near 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.

SAU:4330 Riyad REIT Fund SAU:4330
70 GF Score
Price ﷼4.70
GF Value ﷼6.40
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Riyad REIT Fund Cyclically Adjusted PB Ratio?

Riyad REIT Fund SAU:4330 -4.67% 70 Cyclically Adjusted PB Ratio is 0.45 as of Sep. 08, 2026, which is 6% below its 10-year median of 0.48. GuruFocus rates SAU:4330 with a GF Score™ of 70/100 and a GF Value™ of ﷼6.40 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 551 REITs companies, Riyad REIT Fund ranks better than 74.41% on this metric.

As of today (2026-09-08), Riyad REIT Fund's current share price is ﷼4.70. Riyad REIT Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ﷼10.53. Riyad REIT Fund's Cyclically Adjusted PB Ratio for today is 0.45.

The historical rank and industry rank for Riyad REIT Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:

SAU:4330' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.48   Max: 0.6
Current: 0.47

During the past 11 years, Riyad REIT Fund's highest Cyclically Adjusted PB Ratio was 0.60. The lowest was 0.45. And the median was 0.48.

SAU:4330's Cyclically Adjusted PB Ratio is ranked better than
74.41% of 551 companies
in the REITs industry
Industry Median: 0.78 vs SAU:4330: 0.47

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.

Riyad REIT Fund's adjusted book value per share data of for the fiscal year that ended in Dec25 was ﷼6.756. 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 ﷼10.53 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Riyad REIT Fund  (SAU:4330) 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.


Riyad REIT Fund Cyclically Adjusted PB Ratio Related Terms


Riyad REIT Fund Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Riyad REIT Fund'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.

Riyad REIT Fund Cyclically Adjusted PB Ratio Chart

Riyad REIT Fund 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 0.00 0.00 0.62 0.47

Riyad REIT Fund Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 0.62 0.00 0.47 0.00

SAU:4330 vs HST, RHP, APLE: Cyclically Adjusted PB Ratio Comparison

For the REIT - Hotel & Motel subindustry, Riyad REIT Fund'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.


Riyad REIT Fund Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Riyad REIT Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Riyad REIT Fund's Cyclically Adjusted PB Ratio falls into.


SAU:4330
70GF Score
Riyad REIT Fund SAU:4330
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riyad REIT Fund 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.

Riyad REIT Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.70/10.53
=0.45

* 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.

Riyad REIT Fund's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Riyad REIT Fund's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=6.756/324.0540*324.0540
=6.756

Current CPI (Dec25) = 324.0540.

Riyad REIT Fund Annual Data

Book Value per Share CPI Adj_Book
201612 9.638 241.432 12.936
201712 9.779 246.524 12.854
201812 9.563 251.233 12.335
201912 9.456 256.974 11.924
202012 9.268 260.474 11.530
202112 9.311 278.802 10.822
202212 8.919 296.797 9.738
202312 8.545 306.746 9.027
202412 7.154 315.605 7.346
202512 6.756 324.054 6.756

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 0.45 mean?
Riyad REIT Fund (SAU:4330) has a Cyclically Adjusted PB Ratio of 0.45 as of Sep. 08, 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 Riyad REIT Fund and its competitors. This is near median its historical median of 0.48. Over the past decade, Riyad REIT Fund's Cyclically Adjusted PB Ratio has ranged from 0.45 to 0.60. According to the industry distribution chart, Riyad REIT Fund ranks #141 out of 551 companies in the REITs industry, placing it in the top 25.6%.
Is Riyad REIT Fund's Cyclically Adjusted PB Ratio too high?
Riyad REIT Fund's current Cyclically Adjusted PB Ratio of 0.45 is near median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.60. The REITs industry median Cyclically Adjusted PB Ratio is 0.78. Riyad REIT Fund's value of 0.45 is 42.3% below this industry median. Based on the distribution chart, Riyad REIT Fund ranks #141 out of 551 companies in the REITs industry, which is above the industry midpoint. Overall, Riyad REIT Fund has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Riyad REIT Fund's Cyclically Adjusted PB Ratio compare to HST and RHP?
According to the REITs industry distribution chart, Riyad REIT Fund ranks #141 out of 551 companies for Cyclically Adjusted PB Ratio. This puts Riyad REIT Fund in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.78. Riyad REIT Fund's value of 0.45 is 42.3% below this benchmark. Historically, Riyad REIT Fund's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 0.60 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.78, Riyad REIT Fund 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.78, based on 551 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. Riyad REIT Fund's current Cyclically Adjusted PB Ratio of 0.45 is 42.3% 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 Riyad REIT Fund and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riyad REIT Fund's current Cyclically Adjusted PB Ratio is 0.45, which is near 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 Riyad REIT Fund stock overvalued right now?
Based on GuruFocus' analysis, Riyad REIT Fund (SAU:4330) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼6.40, compared to a current price of ﷼4.70 — trading 26.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is near median its 10-year median of 0.48 and 42.3% below the REITs industry median of 0.78. Riyad REIT Fund's overall GF Score™ is 70/100 with 6 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 Riyad REIT Fund (SAU:4330), the current Cyclically Adjusted PB Ratio is 0.45 as of Sep. 08, 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 Riyad REIT Fund (SAU:4330) Overvalued in 2026?

Based on GuruFocus' analysis, Riyad REIT Fund stock appears to be undervalued. The current stock price of ﷼4.70 is trading 26.6% below its estimated GF Value™ of ﷼6.40. GuruFocus considers Riyad REIT Fund to be Modestly Undervalued.

Key valuation signals for SAU:4330:

  • Cyclically Adjusted PB Ratio: 0.45 (near median its 10-year median of 0.48)
  • GF Value™: ﷼6.40 vs. price of ﷼4.70 (26.6% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 42.3% below the REITs median (#141 of 551)

No single metric tells the full story. See the SAU:4330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riyad REIT Fund Business Description

Industry Real EstateREITs
Address 2414 - Al Shohda District, Unit No. 69, 3rd floor, Tower A1, Granada Business Park, Riyadh, SAU, 13241-7279
Riyad REIT Fund is a closed-ended Shari'ah-compliant real estate investment traded fund. It acquires, maintains, owns, and develops a portfolio of income-producing real estate assets. The primary investment objective of the REIT is to provide unitholders with current income by investing in income-producing real estate assets in Saudi Arabia. The REIT may on, a secondary basis, invest in development opportunities with profitable growth potentials that cater for specific real-estate needs, previously unavailable in certain areas.
70GF Score

Get the complete analysis for SAU:4330

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

﷼4.70
Price
﷼6.40
GF Value