Alahli REIT Fund 1 (SAU:4338) PB Ratio: 0.77 (As of Jul. 17, 2026) — 13% Below Median

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Vera Yuan
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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:4338 Alahli REIT Fund 1 SAU:4338
72 GF Score
Price ﷼6.47
GF Value ﷼8.34
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is Alahli REIT Fund 1 PB Ratio?

Alahli REIT Fund 1 SAU:4338 +0.62% 72 PB Ratio is 0.77 as of Jul. 17, 2026, which is 13% below its 10-year median of 0.88. GuruFocus rates SAU:4338 with a GF Score™ of 72/100 and a GF Value™ of ﷼8.34 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 922 REITs companies, Alahli REIT Fund 1 ranks better than 62.47% 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 (2026-07-17), Alahli REIT Fund 1's share price is ﷼6.47. Alahli REIT Fund 1's Book Value per Share for the quarter that ended in Dec. 2025 was ﷼8.38. Hence, Alahli REIT Fund 1's PB Ratio of today is 0.77.

Good Sign:

Alahli REIT Fund 1 stock PB Ratio (=0.76) is close to 10-year low of 0.72.

The historical rank and industry rank for Alahli REIT Fund 1's PB Ratio or its related term are showing as below:

SAU:4338' s PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 0.88   Max: 1.45
Current: 0.76

During the past 8 years, Alahli REIT Fund 1's highest PB Ratio was 1.45. The lowest was 0.72. And the median was 0.88.

SAU:4338's PB Ratio is ranked better than
62.47% of 922 companies
in the REITs industry
Industry Median: 0.86 vs SAU:4338: 0.76

During the past 12 months, Alahli REIT Fund 1's average Book Value Per Share Growth Rate was -3.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.70% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Alahli REIT Fund 1 was -2.10% per year. The lowest was -3.30% per year. And the median was -2.40% per year.

Back to Basics: PB Ratio


Alahli REIT Fund 1  (SAU:4338) 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.


Alahli REIT Fund 1 PB Ratio Related Terms


Alahli REIT Fund 1 PB Ratio Historical Data

* Premium members only.

The historical data trend for Alahli REIT Fund 1'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.

Alahli REIT Fund 1 PB Ratio Chart

Alahli REIT Fund 1 Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 1.20 1.09 1.01 0.81 0.75

Alahli REIT Fund 1 Semi-Annual Data
Jun18 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 1.01 0.88 0.81 0.81 0.75

SAU:4338 vs VICI, WPC: PB Ratio Comparison

For the REIT - Diversified subindustry, Alahli REIT Fund 1'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.


Alahli REIT Fund 1 PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Alahli REIT Fund 1's PB Ratio distribution charts can be found below:

* The bar in red indicates where Alahli REIT Fund 1's PB Ratio falls into.


SAU:4338
72GF Score
Alahli REIT Fund 1 SAU:4338
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alahli REIT Fund 1 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.

Alahli REIT Fund 1's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=6.47/8.38
=0.77

* 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 0.77 mean?
Alahli REIT Fund 1 (SAU:4338) has a PB Ratio of 0.77 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 Alahli REIT Fund 1 and its competitors. This is 13% below median its historical median of 0.88. Over the past decade, Alahli REIT Fund 1's PB Ratio has ranged from 0.72 to 1.45. According to the industry distribution chart, Alahli REIT Fund 1 ranks #346 out of 922 companies in the REITs industry, placing it in the top 37.5%.
Is Alahli REIT Fund 1's PB Ratio too high?
Alahli REIT Fund 1's current PB Ratio of 0.77 is 13% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.45. The REITs industry median PB Ratio is 0.86. Alahli REIT Fund 1's value of 0.77 is 10.5% below this industry median. Based on the distribution chart, Alahli REIT Fund 1 ranks #346 out of 922 companies in the REITs industry, which is above the industry midpoint. Overall, Alahli REIT Fund 1 has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alahli REIT Fund 1's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Alahli REIT Fund 1 ranks #346 out of 922 companies for PB Ratio. This puts Alahli REIT Fund 1 in the upper half of its industry. The industry median PB Ratio is 0.86. Alahli REIT Fund 1's value of 0.77 is 10.5% below this benchmark. Historically, Alahli REIT Fund 1's own PB Ratio has ranged from 0.72 to 1.45 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.86, Alahli REIT Fund 1 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 922 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. Alahli REIT Fund 1's current PB Ratio of 0.77 is 10.5% 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 Alahli REIT Fund 1 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. Alahli REIT Fund 1's current PB Ratio is 0.77, which is 13% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alahli REIT Fund 1 stock overvalued right now?
Based on GuruFocus' analysis, Alahli REIT Fund 1 (SAU:4338) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼8.34, compared to a current price of ﷼6.47 — trading 22.4% below its estimated fair value. The current PB Ratio is 0.77, which is 13% below median its 10-year median of 0.88 and 10.5% below the REITs industry median of 0.86. Alahli REIT Fund 1's overall GF Score™ is 72/100 with 10 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 Alahli REIT Fund 1 (SAU:4338), the current PB Ratio is 0.77 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 Alahli REIT Fund 1 (SAU:4338) Overvalued in 2026?

Based on GuruFocus' analysis, Alahli REIT Fund 1 stock appears to be undervalued. The current stock price of ﷼6.47 is trading 22.4% below its estimated GF Value™ of ﷼8.34. GuruFocus considers Alahli REIT Fund 1 to be Modestly Undervalued.

Key valuation signals for SAU:4338:

  • PB Ratio: 0.77 (13% below median its 10-year median of 0.88)
  • GF Value™: ﷼8.34 vs. price of ﷼6.47 (22.4% below fair value)
  • GF Score™: 72/100 with 10 warning signs
  • Industry Position: 10.5% below the REITs median (#346 of 922)

No single metric tells the full story. See the SAU:4338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alahli REIT Fund 1 Business Description

Industry Real EstateREITs
Address King Saud Road, P.O. Box 22216, Regional Building of National Commercial Bank, Riyadh, SAU, 11495
Alahli REIT Fund 1 invests in income-producing properties. Its objective is to provide periodic rental income to Unitholders through investing in developed income-generating properties and to potentially provide capital growth by developing and/or expanding and/or selling assets. The Fund invests mainly in developed income-generating real estate assets and may invest part of its assets and cash surplus in Murabaha transactions and short-term deposits in Saudi Riyals with banks that are licensed by the Saudi Central Bank (SAMA) and operate in Saudi Arabia. The Fund may also invest in public money market funds approved by CMA.
72GF Score

Get the complete analysis for SAU:4338

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

﷼6.47
Price
﷼8.34
GF Value