The National Investor Co (ADX:TNI) PB Ratio: 0.64 (As of Jul. 17, 2026) — 25% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ADX:TNI The National Investor Co ADX:TNI
31 GF Score
Price د.إ0.64
GF Value د.إ0.94
! 4 Warning Signs
View Full Analysis

What is The National Investor Co PB Ratio?

The National Investor Co ADX:TNI 31 PB Ratio is 0.64 as of Jul. 17, 2026, which is 25% above its 10-year median of 0.51. GuruFocus rates ADX:TNI with a GF Score™ of 31/100 and a GF Value™ of د.إ0.94. The stock has 4 warning signs investors should review.

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 (2026-07-17), The National Investor Co's share price is د.إ0.63877. The National Investor Co's Book Value per Share for the quarter that ended in Dec. 2025 was د.إ1.00. Hence, The National Investor Co's PB Ratio of today is 0.64.

Warning Sign:

The National Investor Co stock PB Ratio (=0.64) is close to 10-year high of 0.65.

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

ADX:TNI' s PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.51   Max: 0.65
Current: 0.64

During the past 13 years, The National Investor Co's highest PB Ratio was 0.65. The lowest was 0.35. And the median was 0.51.

ADX:TNI's PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.96 vs ADX:TNI: 0.64

During the past 12 months, The National Investor Co's average Book Value Per Share Growth Rate was 3.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -8.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -20.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of The National Investor Co was -1.80% per year. The lowest was -56.50% per year. And the median was -14.70% per year.

Back to Basics: PB Ratio


The National Investor Co  (ADX:TNI) 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.


The National Investor Co PB Ratio Related Terms


The National Investor Co PB Ratio Historical Data

* Premium members only.

The historical data trend for The National Investor 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.

The National Investor Co PB Ratio Chart

The National Investor Co Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.46 0.42 0.58 0.64

The National Investor Co Semi-Annual Data
Mar10 Mar11 Mar14 Mar15 Mar16 Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.56 0.58 0.51 0.64

ADX:TNI vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, The National Investor 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.


The National Investor Co PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, The National Investor Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where The National Investor Co's PB Ratio falls into.


ADX:TNI
31GF Score
The National Investor Co ADX:TNI
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The National Investor 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.

The National Investor Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=0.63877/0.998
=0.64

* 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 0.64 mean?
The National Investor Co (ADX:TNI) has a PB Ratio of 0.64 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on The National Investor Co and its competitors. This is 25% above median its historical median of 0.51. Over the past decade, The National Investor Co's PB Ratio has ranged from 0.35 to 0.65.
Is The National Investor Co's PB Ratio too high?
The National Investor Co's current PB Ratio of 0.64 is 25% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.65. The Asset Management industry median PB Ratio is 0.96. The National Investor Co's value of 0.64 is 33.3% below this industry median. Overall, The National Investor Co has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does The National Investor Co's PB Ratio compare to BLK and BX?
The National Investor Co's PB Ratio of 0.64 can be compared against companies in the Asset Management industry. The industry median PB Ratio is 0.96. The National Investor Co's value of 0.64 is 33.3% below this benchmark. Historically, The National Investor Co's own PB Ratio has ranged from 0.35 to 0.65 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.96, The National Investor Co 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 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. The National Investor Co's current PB Ratio of 0.64 is 33.3% 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 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 The National Investor Co and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The National Investor Co's current PB Ratio is 0.64, which is 25% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The National Investor Co stock overvalued right now?
The National Investor Co (ADX:TNI) has a current PB Ratio of 0.64. The stock's GF Value™ is د.إ0.94, compared to a current price of د.إ0.64 — trading 32% below its estimated fair value. The current PB Ratio is 0.64, which is 25% above median its 10-year median of 0.51 and 33.3% below the Asset Management industry median of 0.96. The National Investor Co's overall GF Score™ is 31/100 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 The National Investor Co (ADX:TNI), the current PB Ratio is 0.64 as of Jul. 17, 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 The National Investor Co (ADX:TNI) Overvalued in 2026?

Based on GuruFocus' analysis, The National Investor Co stock appears to be undervalued. The current stock price of د.إ0.64 is trading 32% below its estimated GF Value™ of د.إ0.94.

Key valuation signals for ADX:TNI:

  • PB Ratio: 0.64 (25% above median its 10-year median of 0.51)
  • GF Value™: د.إ0.94 vs. price of د.إ0.64 (32% below fair value)
  • GF Score™: 31/100 with 4 warning signs
  • Industry Position: 33.3% below the Asset Management median

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


The National Investor Co Business Description

Address Al Corniche Tower, P.O. Box 47435, Mezzanine Floor, Abu Dhabi, ARE
The National Investor Co and its subsidiaries are managed as an integrated investment and financial services company. The principal activities of the Group are private equity, real estate investment, and provision of consultancy, economic feasibility consultancy and studies, commercial agencies, and hospitality.
31GF Score

Get the complete analysis for ADX:TNI

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

د.إ0.64
Price
د.إ0.94
GF Value