Real Bulland JSC (XBUL:RBL) PB Ratio: 1.21 (As of Jul. 23, 2026) — 44% Below Median

Author: Vera Yuan 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.

XBUL:RBL Real Bulland JSC XBUL:RBL
62 GF Score
Price €0.80
GF Value €1.38
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Real Bulland JSC PB Ratio?

Real Bulland JSC XBUL:RBL 62 PB Ratio is 1.21 as of Jul. 23, 2026, which is 44% below its 10-year median of 2.16. GuruFocus rates XBUL:RBL with a GF Score™ of 62/100 and a GF Value™ of €1.38 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,712 Real Estate companies, Real Bulland JSC ranks worse than 85.98% 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 (2026-07-23), Real Bulland JSC's share price is €0.80. Real Bulland JSC's Book Value per Share for the quarter that ended in Jun. 2026 was €0.66. Hence, Real Bulland JSC's PB Ratio of today is 1.21.

Good Sign:

Real Bulland JSC stock PB Ratio (=1.21) is close to 10-year low of 1.14.

The historical rank and industry rank for Real Bulland JSC's PB Ratio or its related term are showing as below:

XBUL:RBL' s PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 2.16   Max: 2.87
Current: 1.21

During the past 13 years, Real Bulland JSC's highest PB Ratio was 2.87. The lowest was 1.14. And the median was 2.16.

XBUL:RBL's PB Ratio is ranked worse than
85.98% of 1712 companies
in the Real Estate industry
Industry Median: 0.81 vs XBUL:RBL: 1.21

During the past 12 months, Real Bulland JSC's average Book Value Per Share Growth Rate was 3.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Real Bulland JSC was 11.70% per year. The lowest was -3.60% per year. And the median was 2.10% per year.

Back to Basics: PB Ratio


Real Bulland JSC  (XBUL:RBL) 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.


Real Bulland JSC PB Ratio Related Terms


Real Bulland JSC PB Ratio Historical Data

* Premium members only.

The historical data trend for Real Bulland JSC'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.

Real Bulland JSC PB Ratio Chart

Real Bulland JSC 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 2.43 2.14 1.95 1.95 2.12

Real Bulland JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.03 2.24 2.12 2.17 1.14

XBUL:RBL vs CBRE, BEKE, JLL: PB Ratio Comparison

For the Real Estate Services subindustry, Real Bulland JSC'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.


Real Bulland JSC PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Real Bulland JSC's PB Ratio distribution charts can be found below:

* The bar in red indicates where Real Bulland JSC's PB Ratio falls into.


XBUL:RBL
62GF Score
Real Bulland JSC XBUL:RBL
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Bulland JSC 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.

Real Bulland JSC's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=0.80/0.66
=1.21

* 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 1.21 mean?
Real Bulland JSC (XBUL:RBL) has a PB Ratio of 1.21 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Real Bulland JSC and its competitors. This is 44% below median its historical median of 2.16. Over the past decade, Real Bulland JSC's PB Ratio has ranged from 1.14 to 2.87. According to the industry distribution chart, Real Bulland JSC ranks #1472 out of 1712 companies in the Real Estate industry, placing it in the top 86%.
Is Real Bulland JSC's PB Ratio too high?
Real Bulland JSC's current PB Ratio of 1.21 is 44% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.87. The Real Estate industry median PB Ratio is 0.81. Real Bulland JSC's value of 1.21 is 49.4% above this industry median. Based on the distribution chart, Real Bulland JSC ranks #1472 out of 1712 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Real Bulland JSC has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Real Bulland JSC's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Real Bulland JSC ranks #1472 out of 1712 companies for PB Ratio. This places Real Bulland JSC in the lower half of its industry. The industry median PB Ratio is 0.81. Real Bulland JSC's value of 1.21 is 49.4% above this benchmark. Historically, Real Bulland JSC's own PB Ratio has ranged from 1.14 to 2.87 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 0.81, Real Bulland JSC 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,712 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. Real Bulland JSC's current PB Ratio of 1.21 is 49.4% 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 Real Bulland JSC and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Real Bulland JSC's current PB Ratio is 1.21, which is 44% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Bulland JSC stock overvalued right now?
Based on GuruFocus' analysis, Real Bulland JSC (XBUL:RBL) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.38, compared to a current price of €0.80 — trading 42% below its estimated fair value. The current PB Ratio is 1.21, which is 44% below median its 10-year median of 2.16 and 49.4% above the Real Estate industry median of 0.81. Real Bulland JSC's overall GF Score™ is 62/100 with 2 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 Real Bulland JSC (XBUL:RBL), the current PB Ratio is 1.21 as of Jul. 23, 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 Real Bulland JSC (XBUL:RBL) Overvalued in 2026?

Based on GuruFocus' analysis, Real Bulland JSC stock appears to be undervalued. The current stock price of €0.80 is trading 42% below its estimated GF Value™ of €1.38. GuruFocus considers Real Bulland JSC to be Significantly Undervalued.

Key valuation signals for XBUL:RBL:

  • PB Ratio: 1.21 (44% below median its 10-year median of 2.16)
  • GF Value™: €1.38 vs. price of €0.80 (42% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 49.4% above the Real Estate median (#1472 of 1712)

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


Real Bulland JSC Business Description

Address 19 Georg Washington Street, 1st Floor, Sofia, BGR, 1301
Real Bulland JSC is a real estate company. It is engaged in the acquisition of agricultural land, which is used for agricultural production for renting or leasing to agricultural producers as well as the selling of concentrated and consolidated land.
62GF Score

Get the complete analysis for XBUL:RBL

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

€0.80
Price
€1.38
GF Value