First Milling Co (SAU:2283) PB Ratio: 2.58 (As of Jul. 28, 2026) — 30% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:2283 First Milling Co SAU:2283
63 GF Score
Price ﷼49.00
GF Value ﷼73.86
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is First Milling Co PB Ratio?

First Milling Co SAU:2283 -1.84% 63 PB Ratio is 2.58 as of Jul. 28, 2026, which is 30% below its 10-year median of 3.71. GuruFocus rates SAU:2283 with a GF Score™ of 63/100 and a GF Value™ of ﷼73.86 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,901 Consumer Packaged Goods companies, First Milling Co ranks worse than 75.54% 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 (2026-07-28), First Milling Co's share price is ﷼49.00. First Milling Co's Book Value per Share for the quarter that ended in Mar. 2026 was ﷼18.97. Hence, First Milling Co's PB Ratio of today is 2.58.

The historical rank and industry rank for First Milling Co's PB Ratio or its related term are showing as below:

SAU:2283' s PB Ratio Range Over the Past 10 Years
Min: 2.43   Med: 3.71   Max: 6.33
Current: 2.58

During the past 5 years, First Milling Co's highest PB Ratio was 6.33. The lowest was 2.43. And the median was 3.71.

SAU:2283's PB Ratio is ranked worse than
75.54% of 1901 companies
in the Consumer Packaged Goods industry
Industry Median: 1.35 vs SAU:2283: 2.58

During the past 12 months, First Milling Co's average Book Value Per Share Growth Rate was 10.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of First Milling Co was 12.40% per year. The lowest was 12.40% per year. And the median was 12.40% per year.

Back to Basics: PB Ratio


First Milling Co  (SAU:2283) 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.


First Milling Co PB Ratio Related Terms


First Milling Co PB Ratio Historical Data

* Premium members only.

The historical data trend for First Milling Co'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.

First Milling Co PB Ratio Chart

First Milling Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
0.00 0.00 4.67 3.55 2.55

First Milling Co Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.66 3.00 2.98 2.55 2.98

SAU:2283 vs KHC, GIS: PB Ratio Comparison

For the Packaged Foods subindustry, First Milling Co'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.


First Milling Co PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Milling Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where First Milling Co's PB Ratio falls into.


SAU:2283
63GF Score
First Milling Co SAU:2283
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Milling Co 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.

First Milling Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=49.00/18.974
=2.58

* 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 2.58 mean?
First Milling Co (SAU:2283) has a PB Ratio of 2.58 as of Jul. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Milling Co and its competitors. This is 30% below median its historical median of 3.71. Over the past decade, First Milling Co's PB Ratio has ranged from 2.43 to 6.33. According to the industry distribution chart, First Milling Co ranks #1436 out of 1901 companies in the Consumer Packaged Goods industry, placing it in the top 75.5%.
Is First Milling Co's PB Ratio too high?
First Milling Co's current PB Ratio of 2.58 is 30% below median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 6.33. The Consumer Packaged Goods industry median PB Ratio is 1.35. First Milling Co's value of 2.58 is 91.1% above this industry median. Based on the distribution chart, First Milling Co ranks #1436 out of 1901 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, First Milling Co has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Milling Co's PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Milling Co ranks #1436 out of 1901 companies for PB Ratio. This places First Milling Co in the lower half of its industry. The industry median PB Ratio is 1.35. First Milling Co's value of 2.58 is 91.1% above this benchmark. Historically, First Milling Co's own PB Ratio has ranged from 2.43 to 6.33 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 1.35, First Milling Co has consistently been above 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 Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.35, based on 1,901 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. First Milling Co's current PB Ratio of 2.58 is 91.1% above 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 First Milling Co and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Milling Co's current PB Ratio is 2.58, which is 30% below median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Milling Co stock overvalued right now?
Based on GuruFocus' analysis, First Milling Co (SAU:2283) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼73.86, compared to a current price of ﷼49.00 — trading 33.7% below its estimated fair value. The current PB Ratio is 2.58, which is 30% below median its 10-year median of 3.71 and 91.1% above the Consumer Packaged Goods industry median of 1.35. First Milling Co's overall GF Score™ is 63/100 with 4 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 First Milling Co (SAU:2283), the current PB Ratio is 2.58 as of Jul. 28, 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 First Milling Co (SAU:2283) Overvalued in 2026?

Based on GuruFocus' analysis, First Milling Co stock appears to be undervalued. The current stock price of ﷼49.00 is trading 33.7% below its estimated GF Value™ of ﷼73.86. GuruFocus considers First Milling Co to be Significantly Undervalued.

Key valuation signals for SAU:2283:

  • PB Ratio: 2.58 (30% below median its 10-year median of 3.71)
  • GF Value™: ﷼73.86 vs. price of ﷼49.00 (33.7% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 91.1% above the Consumer Packaged Goods median (#1436 of 1901)

No single metric tells the full story. See the SAU:2283 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Milling Co Business Description

Address Jeddah Islamic Port, between gates 7 and 8, PO Box: 16165, Jeddah, SAU, 22312
First Milling Co is principally engaged in flour production and related wheat products, feed and bran within the Kingdom of Saudi Arabia. It serves various business clients, including factories, commercial bakeries, restaurants, and catering companies, as well as other clients such as wholesalers, modern and traditional traders, farmers, feed distributors, and retailers. The company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments, namely Jeddah, Qassim, Tabuk and Al Ahsa. The majority of revenue is derived from the production of flour, feed and bran in Jeddah.
63GF Score

Get the complete analysis for SAU:2283

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

﷼49.00
Price
﷼73.86
GF Value