MEFIC REIT (SAU:4346) Price-to-Tangible-Book : 0.74 (As of Jun. 23, 2024)

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What is MEFIC REIT Price-to-Tangible-Book?

As of today (2024-06-23), MEFIC REIT's share price is ﷼4.52. MEFIC REIT's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was ﷼6.08. Hence, MEFIC REIT's Price to Tangible Book Ratio of today is 0.74.

The historical rank and industry rank for MEFIC REIT's Price-to-Tangible-Book or its related term are showing as below:

SAU:4346' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.74 Med: 0.95 Max: 1.27
Current: 0.74

During the past 5 years, MEFIC REIT's highest Price to Tangible Book Ratio was 1.27. The lowest was 0.74. And the median was 0.95.

SAU:4346's Price-to-Tangible-Book is ranked better than
58.11% of 845 companies
in the REITs industry
Industry Median: 0.81 vs SAU:4346: 0.74

A closely related ratio is called PB Ratio. As of today, MEFIC REIT's share price is ﷼4.52. MEFIC REIT's Book Value per Sharefor the quarter that ended in Jun. 2023 was ﷼7.34. Hence, MEFIC REIT's P/B Ratio of today is 0.62.

MEFIC REIT Price-to-Tangible-Book Historical Data

The historical data trend for MEFIC REIT'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.

MEFIC REIT Price-to-Tangible-Book Chart

MEFIC REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

1.27

0.82

MEFIC REIT Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial					-	1.27	1.04	0.82	0.85

Competitive Comparison of MEFIC REIT's Price-to-Tangible-Book

For the REIT - Diversified subindustry, MEFIC REIT'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.

MEFIC REIT's Price-to-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where MEFIC REIT's Price-to-Tangible-Book falls into.

MEFIC REIT Price-to-Tangible-Book Calculation

MEFIC REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	4.52	/	6.076
	=	0.74

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.

MEFIC REIT Price-to-Tangible-Book Related Terms

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

MEFIC REIT (SAU:4346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MEFIC REIT (SAU:4346) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

7702 King Fahad Road, MEFIC Tower, 7th floor, Riyadh, SAU, 12333

Website

https://www.mefic.com.sa

MEFIC REIT is a real estate investment fund. The Fund's primary investment objective is to provide its unitholders with regular income by investing in income-generating properties assets located in Saudi Arabia and the Gulf countries. The Fund generally seeks to acquire or invest in hotel, commercial, administrative, office towers, and/or logistic, residential and/or mixed-use income-generating real estate assets.

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