Al Ahli Bank Of Kuwait (KUW:ABK) Price-to-Tangible-Book : 1.16 (As of May. 29, 2024)

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What is Al Ahli Bank Of Kuwait Price-to-Tangible-Book?

As of today (2024-05-29), Al Ahli Bank Of Kuwait's share price is KWD0.274. Al Ahli Bank Of Kuwait's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was KWD0.24. Hence, Al Ahli Bank Of Kuwait's Price to Tangible Book Ratio of today is 1.16.

The historical rank and industry rank for Al Ahli Bank Of Kuwait's Price-to-Tangible-Book or its related term are showing as below:

KUW:ABK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 0.91 Max: 1.27
Current: 1.14

During the past 13 years, Al Ahli Bank Of Kuwait's highest Price to Tangible Book Ratio was 1.27. The lowest was 0.43. And the median was 0.91.

KUW:ABK's Price-to-Tangible-Book is ranked worse than
64.15% of 1442 companies
in the Banks industry
Industry Median: 0.92 vs KUW:ABK: 1.14

A closely related ratio is called PB Ratio. As of today, Al Ahli Bank Of Kuwait's share price is KWD0.274. Al Ahli Bank Of Kuwait's Book Value per Sharefor the quarter that ended in Mar. 2024 was KWD0.24. Hence, Al Ahli Bank Of Kuwait's P/B Ratio of today is 1.14.

Al Ahli Bank Of Kuwait Price-to-Tangible-Book Historical Data

The historical data trend for Al Ahli Bank Of Kuwait's Price-to-Tangible-Book 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.

* Premium members only.

Al Ahli Bank Of Kuwait Price-to-Tangible-Book Chart

Al Ahli Bank Of Kuwait Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.61

0.59

0.72

0.98

0.90

Al Ahli Bank Of Kuwait Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.06	0.75	0.97	0.90	1.03

Competitive Comparison of Al Ahli Bank Of Kuwait's Price-to-Tangible-Book

For the Banks - Regional subindustry, Al Ahli Bank Of Kuwait's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Al Ahli Bank Of Kuwait's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Al Ahli Bank Of Kuwait's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Al Ahli Bank Of Kuwait's Price-to-Tangible-Book falls into.

Al Ahli Bank Of Kuwait Price-to-Tangible-Book Calculation

Al Ahli Bank Of Kuwait's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.274	/	0.237
	=	1.16

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Al Ahli Bank Of Kuwait Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Al Ahli Bank Of Kuwait's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Ahli Bank Of Kuwait (KUW:ABK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Al Ahli Bank Of Kuwait (KUW:ABK) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Al Safat Square, Ahmed Al Jaber Street, P.O. Box 1387, Safat, Kuwait City, KWT, 13014

Website

https://www.eahli.com

Al Ahli Bank Of Kuwait is a company engaged in the banking sector, primarily in Kuwait, United Arab Emirates, and Egypt. The group is organized into three business segments. The commercial Banking segment comprises a full range of credit, deposit, and related banking services provided to its corporate and institutional customers. Treasury and Investments segment comprises treasury services provided to customers and balance sheet management activities including money market, derivatives, propriety investment activities, assets management and the residual impact of inter-segment fund transfer pricing, and the Retail and private banking segment comprising products and services to customers which includes loans, credit cards, and wealth management.

Al Ahli Bank Of Kuwait (KUW:ABK) Headlines

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