Kuwait Real Estate Co (KUW:KRE) Price-to-Tangible-Book : 1.28 (As of Jun. 23, 2024)

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What is Kuwait Real Estate Co Price-to-Tangible-Book?

As of today (2024-06-23), Kuwait Real Estate Co's share price is KWD0.22. Kuwait Real Estate Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was KWD0.17. Hence, Kuwait Real Estate Co's Price to Tangible Book Ratio of today is 1.28.

The historical rank and industry rank for Kuwait Real Estate Co's Price-to-Tangible-Book or its related term are showing as below:

KUW:KRE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.31 Med: 0.51 Max: 1.34
Current: 1.29

During the past 13 years, Kuwait Real Estate Co's highest Price to Tangible Book Ratio was 1.34. The lowest was 0.31. And the median was 0.51.

KUW:KRE's Price-to-Tangible-Book is ranked worse than
70.47% of 1717 companies
in the Real Estate industry
Industry Median: 0.8 vs KUW:KRE: 1.29

A closely related ratio is called PB Ratio. As of today, Kuwait Real Estate Co's share price is KWD0.22. Kuwait Real Estate Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was KWD0.17. Hence, Kuwait Real Estate Co's P/B Ratio of today is 1.28.

Kuwait Real Estate Co Price-to-Tangible-Book Historical Data

The historical data trend for Kuwait Real Estate Co'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.

Kuwait Real Estate Co Price-to-Tangible-Book Chart

Kuwait Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.71

0.81

1.27

0.78

1.29

Kuwait Real Estate Co 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															0.76	0.87	1.11	1.29	1.34

Competitive Comparison of Kuwait Real Estate Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Kuwait Real Estate Co'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.

Kuwait Real Estate Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kuwait Real Estate Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Kuwait Real Estate Co's Price-to-Tangible-Book falls into.

Kuwait Real Estate Co Price-to-Tangible-Book Calculation

Kuwait Real Estate Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.22	/	0.172
	=	1.28

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.

Kuwait Real Estate Co Price-to-Tangible-Book Related Terms

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

Kuwait Real Estate Co (KUW:KRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kuwait Real Estate Co (KUW:KRE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Darwazat Abdul Razak Street, P.O Box 1257, 8th Floor, Block B, Souk Al Kuwait Building, Safat, Kuwait City, KWT, 13013

Website

https://www.aqarat.com.kw

Kuwait Real Estate Co is a Kuwait-based shareholding company that operates in the real estate sector. It is engaged in dealing with a range of real estate activities, including the sale, purchase, renting out, and leasing of lands and real estate properties, erecting buildings, prepare and implementing studies of private and public real estate projects. It has two operating segments, including real estate and investment. The real estate segment contributes to the majority of the revenue. Its geographical segments are Kuwait; Other Middle Eastern Countries; the United States, Europe, and other countries.