Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Price-to-Tangible-Book : 1.88 (As of Apr. 28, 2024)

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What is Kuwait And Middle East Financial Investment Co Price-to-Tangible-Book?

As of today (2024-04-28), Kuwait And Middle East Financial Investment Co's share price is KWD0.0997. Kuwait And Middle East Financial Investment Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was KWD0.05. Hence, Kuwait And Middle East Financial Investment Co's Price to Tangible Book Ratio of today is 1.88.

The historical rank and industry rank for Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book or its related term are showing as below:

KUW:KMEFIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.77 Med: 1.33 Max: 3.1
Current: 1.99

During the past 13 years, Kuwait And Middle East Financial Investment Co's highest Price to Tangible Book Ratio was 3.10. The lowest was 0.77. And the median was 1.33.

KUW:KMEFIC's Price-to-Tangible-Book is ranked worse than
85.54% of 1625 companies
in the Asset Management industry
Industry Median: 0.94 vs KUW:KMEFIC: 1.99

A closely related ratio is called PB Ratio. As of today, Kuwait And Middle East Financial Investment Co's share price is KWD0.0997. Kuwait And Middle East Financial Investment Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was KWD0.09. Hence, Kuwait And Middle East Financial Investment Co's P/B Ratio of today is 1.08.

Kuwait And Middle East Financial Investment Co Price-to-Tangible-Book Historical Data

The historical data trend for Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book 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.

* Premium members only.

Kuwait And Middle East Financial Investment Co Price-to-Tangible-Book Chart

Kuwait And Middle East Financial Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.10

2.00

1.90

1.23

1.60

Kuwait And Middle East Financial Investment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.23	1.29	1.18	1.35	1.60

Competitive Comparison of Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book

For the Asset Management subindustry, Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book falls into.

Kuwait And Middle East Financial Investment Co Price-to-Tangible-Book Calculation

Kuwait And Middle East Financial Investment Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.0997	/	0.053
	=	1.88

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Kuwait And Middle East Financial Investment Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Kuwait And Middle East Financial Investment Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arabian Gulf Street, Khalid Tower, Block 1, Building No.1, Al-Qibla – First Commercial District, Kuwait, KWT, 13009

Website

https://www.kmefic.com.kw

Kuwait And Middle East Financial Investment Co is a Kuwait-based asset management company. The business activity of the group functions through Asset Management, Brokerage and Online Trading, Credit Operations, and Investment and Treasury segments of which it generates the majority of revenue from Asset Management segments. The Asset Management segment is engaged in providing third-party fund and portfolio management services on a fiduciary basis. Besides, the firm is also engaged in other activities such as providing margin loans, money market placements, real estate activities, and proprietary trading in equity stocks and funds. Geographically, the business presence of the firm is seen in both Kuwait and the international market.

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