Express Kenya (NAI:XPRS) PB Ratio: 0.71 (As of Jul. 24, 2026) — 92% 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.

NAI:XPRS Express Kenya PLC NAI:XPRS
45 GF Score
Price KES6.98
GF Value KES2.55
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Express Kenya PB Ratio?

Express Kenya NAI:XPRS +1.45% 45 PB Ratio is 0.71 as of Jul. 24, 2026, which is 92% above its 10-year median of 0.37. GuruFocus rates NAI:XPRS with a GF Score™ of 45/100 and a GF Value™ of KES2.55 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,047 Business Services companies, Express Kenya ranks better than 83.29% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-24), Express Kenya's share price is KES6.98. Express Kenya's Book Value per Share for the quarter that ended in Dec. 2025 was KES9.90. Hence, Express Kenya's PB Ratio of today is 0.71.

The historical rank and industry rank for Express Kenya's PB Ratio or its related term are showing as below:

NAI:XPRS' s PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.37   Max: 10.98
Current: 0.7

During the past 13 years, Express Kenya's highest PB Ratio was 10.98. The lowest was 0.24. And the median was 0.37.

NAI:XPRS's PB Ratio is ranked better than
83.29% of 1047 companies
in the Business Services industry
Industry Median: 1.65 vs NAI:XPRS: 0.70

During the past 12 months, Express Kenya's average Book Value Per Share Growth Rate was 15.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -8.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Express Kenya was 175.80% per year. The lowest was -51.10% per year. And the median was -7.55% per year.

Back to Basics: PB Ratio


Express Kenya  (NAI:XPRS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

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


Express Kenya PB Ratio Related Terms


Express Kenya PB Ratio Historical Data

* Premium members only.

The historical data trend for Express Kenya's 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.

Express Kenya PB Ratio Chart

Express Kenya Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.36 0.34 0.42 0.75

Express Kenya Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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 0.36 0.36 0.34 0.42 0.75

NAI:XPRS vs CTAS, CPRT, ULS: PB Ratio Comparison

For the Specialty Business Services subindustry, Express Kenya's PB Ratio, along with its competitors' market caps and 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.


Express Kenya PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Express Kenya's PB Ratio distribution charts can be found below:

* The bar in red indicates where Express Kenya's PB Ratio falls into.


NAI:XPRS
45GF Score
Express Kenya PLC NAI:XPRS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Express Kenya PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Express Kenya's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=6.98/9.897
=0.71

* 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.

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

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

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.71 mean?
Express Kenya (NAI:XPRS) has a PB Ratio of 0.71 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Express Kenya and its competitors. This is 92% above median its historical median of 0.37. Over the past decade, Express Kenya's PB Ratio has ranged from 0.24 to 10.98. According to the industry distribution chart, Express Kenya ranks #175 out of 1047 companies in the Business Services industry, placing it in the top 16.7%.
Is Express Kenya's PB Ratio too high?
Express Kenya's current PB Ratio of 0.71 is 92% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 10.98. The Business Services industry median PB Ratio is 1.65. Express Kenya's value of 0.71 is 57% below this industry median. Based on the distribution chart, Express Kenya ranks #175 out of 1047 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Express Kenya has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Express Kenya's PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Express Kenya ranks #175 out of 1047 companies for PB Ratio. This places Express Kenya in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.65. Express Kenya's value of 0.71 is 57% below this benchmark. Historically, Express Kenya's own PB Ratio has ranged from 0.24 to 10.98 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.65, Express Kenya 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 PB Ratio for a Business Services company?
The median PB Ratio among Business Services companies is 1.65, based on 1,047 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Express Kenya's current PB Ratio of 0.71 is 57% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Express Kenya and its competitors. For the Business Services industry, the median PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Express Kenya's current PB Ratio is 0.71, which is 92% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Express Kenya stock overvalued right now?
Based on GuruFocus' analysis, Express Kenya (NAI:XPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is KES2.55, compared to a current price of KES6.98 — trading 173.7% above its estimated fair value. The current PB Ratio is 0.71, which is 92% above median its 10-year median of 0.37 and 57% below the Business Services industry median of 1.65. Express Kenya's overall GF Score™ is 45/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Express Kenya (NAI:XPRS), the current PB Ratio is 0.71 as of Jul. 24, 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 Express Kenya (NAI:XPRS) Overvalued in 2026?

Based on GuruFocus' analysis, Express Kenya stock appears to be overvalued. The current stock price of KES6.98 is trading 173.7% above its estimated GF Value™ of KES2.55. GuruFocus considers Express Kenya to be Significantly Overvalued.

Key valuation signals for NAI:XPRS:

  • PB Ratio: 0.71 (92% above median its 10-year median of 0.37)
  • GF Value™: KES2.55 vs. price of KES6.98 (173.7% above fair value)
  • GF Score™: 45/100 with 9 warning signs
  • Industry Position: 57% below the Business Services median (#175 of 1047)

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


Express Kenya Business Description

Address Road A, Off Enterprise Road, Industrial Area, P.O. Box 40433, Express House, Nairobi, KEN, 00100
Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as warehousing and logistics services. It operates through the following segments: Warehousing, and Real Estate. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties. Geographically, the company operates only in Kenya.
45GF Score

Get the complete analysis for NAI:XPRS

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

KES6.98
Price
KES2.55
GF Value