Musharaka REIT (SAU:4335) PB Ratio: 0.53 (As of Jul. 20, 2026) — 40% Below Median

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Founder & CEO of GuruFocus
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SAU:4335 Musharaka REIT SAU:4335
62 GF Score
Price ﷼3.72
GF Value ﷼4.38
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Musharaka REIT PB Ratio?

Musharaka REIT SAU:4335 -1.33% 62 PB Ratio is 0.53 as of Jul. 20, 2026, which is 40% below its 10-year median of 0.89. GuruFocus rates SAU:4335 with a GF Score™ of 62/100 and a GF Value™ of ﷼4.38 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 928 REITs companies, Musharaka REIT ranks better than 83.08% 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 (2026-07-20), Musharaka REIT's share price is ﷼3.72. Musharaka REIT's Book Value per Share for the quarter that ended in Dec. 2025 was ﷼6.98. Hence, Musharaka REIT's PB Ratio of today is 0.53.

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

SAU:4335' s PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.89   Max: 1.38
Current: 0.53

During the past 10 years, Musharaka REIT's highest PB Ratio was 1.38. The lowest was 0.47. And the median was 0.89.

SAU:4335's PB Ratio is ranked better than
83.08% of 928 companies
in the REITs industry
Industry Median: 0.86 vs SAU:4335: 0.53

During the past 12 months, Musharaka REIT's average Book Value Per Share Growth Rate was -17.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -9.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.30% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Musharaka REIT was 11.70% per year. The lowest was -9.10% per year. And the median was -3.40% per year.

Back to Basics: PB Ratio


Musharaka REIT  (SAU:4335) 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.


Musharaka REIT PB Ratio Related Terms


Musharaka REIT PB Ratio Historical Data

* Premium members only.

The historical data trend for Musharaka REIT'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.

Musharaka REIT PB Ratio Chart

Musharaka REIT 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 1.02 0.95 0.65 0.56 0.58

Musharaka REIT Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 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 0.65 0.56 0.56 0.51 0.58

SAU:4335 vs VICI, WPC: PB Ratio Comparison

For the REIT - Diversified subindustry, Musharaka REIT'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.


Musharaka REIT PB Ratio vs REITs Industry

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

* The bar in red indicates where Musharaka REIT's PB Ratio falls into.


SAU:4335
62GF Score
Musharaka REIT SAU:4335
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Musharaka REIT 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.

Musharaka REIT's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=3.72/6.976
=0.53

* 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 0.53 mean?
Musharaka REIT (SAU:4335) has a PB Ratio of 0.53 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Musharaka REIT and its competitors. This is 40% below median its historical median of 0.89. Over the past decade, Musharaka REIT's PB Ratio has ranged from 0.47 to 1.38. According to the industry distribution chart, Musharaka REIT ranks #157 out of 928 companies in the REITs industry, placing it in the top 16.9%.
Is Musharaka REIT's PB Ratio too high?
Musharaka REIT's current PB Ratio of 0.53 is 40% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.38. The REITs industry median PB Ratio is 0.86. Musharaka REIT's value of 0.53 is 38.4% below this industry median. Based on the distribution chart, Musharaka REIT ranks #157 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Musharaka REIT has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Musharaka REIT's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Musharaka REIT ranks #157 out of 928 companies for PB Ratio. This places Musharaka REIT in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Musharaka REIT's value of 0.53 is 38.4% below this benchmark. Historically, Musharaka REIT's own PB Ratio has ranged from 0.47 to 1.38 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.86, Musharaka REIT 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 REITs company?
The median PB Ratio among REITs companies is 0.86, based on 928 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. Musharaka REIT's current PB Ratio of 0.53 is 38.4% 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 Musharaka REIT and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Musharaka REIT's current PB Ratio is 0.53, which is 40% below median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Musharaka REIT stock overvalued right now?
Based on GuruFocus' analysis, Musharaka REIT (SAU:4335) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼4.38, compared to a current price of ﷼3.72 — trading 15.1% below its estimated fair value. The current PB Ratio is 0.53, which is 40% below median its 10-year median of 0.89 and 38.4% below the REITs industry median of 0.86. Musharaka REIT's overall GF Score™ is 62/100 with 7 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 Musharaka REIT (SAU:4335), the current PB Ratio is 0.53 as of Jul. 20, 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 Musharaka REIT (SAU:4335) Overvalued in 2026?

Based on GuruFocus' analysis, Musharaka REIT stock appears to be undervalued. The current stock price of ﷼3.72 is trading 15.1% below its estimated GF Value™ of ﷼4.38. GuruFocus considers Musharaka REIT to be Modestly Undervalued.

Key valuation signals for SAU:4335:

  • PB Ratio: 0.53 (40% below median its 10-year median of 0.89)
  • GF Value™: ﷼4.38 vs. price of ﷼3.72 (15.1% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 38.4% below the REITs median (#157 of 928)

No single metric tells the full story. See the SAU:4335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Musharaka REIT Business Description

Industry Real EstateREITs
Address Prince Turky Bin Abdulaziz Street, Adeer Tower, 13th Floor, PO. Box 712, Al Khobar, SAU, 31952
Musharaka REIT is a closed-end real estate investment fund. Its investment objective is to invest in developing properties that are qualified to generate periodic rental income, while its dividend policy is to distribute at least 90 percent of the Fund's net profit as cash dividends to the unit holders annually. The fund invests in residential, commercial, industrial, and hospitality real estate assets located across different cities in Saudi Arabia.
62GF Score

Get the complete analysis for SAU:4335

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

﷼3.72
Price
﷼4.38
GF Value