Cheapest Saudi Stocks by Price-to-Book
Saudi stocks with the lowest price-to-book (P/B) ratio, based on available data — a value-investing screen. The list updates periodically and is informational, not a recommendation.
| # | Company | Price | Change | Market Cap | P/E | Yield | P/B |
|---|---|---|---|---|---|---|---|
| 1 |  Saudi Electricity5110 | 17.00 SAR | -0.47% | 72.08B SAR | 17.71 | 4.12% | 0.27 |
| 2 |  Najran Cement Co.3002 | 5.68 SAR | +0.18% | 972.08M SAR | 25.82 | — | 0.46 |
| 3 |  Musharaka REIT Fund4335 | 3.98 SAR | -0.50% | 365.20M SAR | — | 4.82% | 0.51 |
| 4 |  Arabian Centres Co.4321 | 17.07 SAR | +1.49% | 8.09B SAR | 6.39 | 8.80% | 0.52 |
| 5 |  Northern Region Cement Co.3004 | 6.88 SAR | -0.29% | 1.25B SAR | 22.19 | 7.20% | 0.54 |
| 6 |  Tabuk Cement Co.3090 | 7.79 SAR | -0.13% | 702.00M SAR | 19.00 | 6.42% | 0.60 |
| 7 |  Arabian Shield Cooperative Insurance Co.8070 | 12.52 SAR | +0.24% | 996.89M SAR | — | — | 0.61 |
| 8 |  Al Jouf Cement Co.3091 | 5.00 SAR | +0.40% | 528.28M SAR | — | — | 0.61 |
| 9 |  Bank Aljazira1020 | 11.75 SAR | +0.95% | 14.85B SAR | 12.24 | 859.00% | 0.65 |
| 10 |  Jadwa REIT Al-Haramain Fund4332 | 5.01 SAR | +0.40% | 323.40M SAR | 24.04 | 6.94% | 0.66 |
| 11 |  Derayah REIT Fund4339 | 5.54 SAR | -0.36% | 562.26M SAR | 65.38 | 6.88% | 0.67 |
| 12 |  Mulkia Gulf Real Estate REIT Fund4336 | 4.60 SAR | -0.22% | 477.32M SAR | — | 6.96% | 0.67 |
| 13 |  Morabaha Marina Financing Company4082 | 8.02 SAR | -0.12% | 573.57M SAR | 803.00 | — | 0.69 |
| 14 |  Alinma Retail REIT Fund4345 | 4.90 SAR | +0.41% | 546.34M SAR | — | 7.34% | 0.71 |
| 15 |  Amlak International for Real Estate Finance Company1182 | 9.20 SAR | -0.22% | 990.71M SAR | 14.38 | 4.73% | 0.72 |
| 16 |  Saudi Arabian Cooperative Insurance Co.8100 | 10.55 SAR | +3.33% | 306.30M SAR | 14.26 | — | 0.74 |
| 17 |  Riyad REIT4330 | 4.98 SAR | -0.99% | 858.49M SAR | — | 6.40% | 0.74 |
| 18 |  Saudi Arabian Amiantit Co.2160 | 13.60 SAR | +0.89% | 600.03M SAR | — | — | 0.76 |
| 19 |  AlAhli REIT Fund 14338 | 6.44 SAR | 0.00% | 884.12M SAR | 49.46 | 6.84% | 0.77 |
| 20 |  Sahara International Petrochemical Company2310 | 14.24 SAR | +1.35% | 10.91B SAR | — | 6.71% | 0.78 |
| 21 |  AlJazira Takaful Taawuni Co.8012 | 12.02 SAR | +2.39% | 735.90M SAR | 20.03 | 3.59% | 0.78 |
| 22 |  Mutakamela Insurance Company8040 | 9.40 SAR | +3.30% | 541.35M SAR | 72.31 | — | 0.79 |
| 23 |  Alkhabeer REIT Fund4348 | 5.74 SAR | 0.00% | 810.80M SAR | 21.30 | 7.30% | 0.79 |
| 24 |  Alujain Corporation2170 | 28.42 SAR | -1.46% | 1.97B SAR | — | 1040.00% | 0.80 |
| 25 |  Arabia Insurance Cooperative Co.8160 | 8.41 SAR | +1.33% | 439.90M SAR | — | — | 0.80 |
| 26 |  National Gypsum Co.2090 | 14.27 SAR | +0.99% | 447.45M SAR | — | — | 0.81 |
| 27 |  Saudi Marketing Co.4006 | 13.00 SAR | +0.85% | 573.75M SAR | 23.64 | — | 0.82 |
| 28 |  Walaa Cooperative Insurance Co.8060 | 10.88 SAR | +2.54% | 1.35B SAR | — | — | 0.82 |
| 29 |  Al-Etihad Cooperative Insurance Co.8170 | 6.78 SAR | +1.80% | 333.00M SAR | — | 1029.00% | 0.83 |
| 30 |  ARTEX Industrial Investment Company2340 | 11.02 SAR | +1.19% | 884.81M SAR | 42.38 | — | 0.84 |
| 31 |  Wataniya Insurance Co.8300 | 13.76 SAR | +3.54% | 531.60M SAR | 14.80 | — | 0.85 |
| 32 |  Saudi Awwal Bank (SAB)1060 | 33.68 SAR | +0.90% | 69.21B SAR | 8.84 | 599.00% | 0.85 |
| 33 |  Arab National Bank1080 | 21.04 SAR | +1.69% | 43.97B SAR | 8.45 | 628.00% | 0.85 |
| 34 |  Umm Al-Qura Cement Company3005 | 13.73 SAR | -1.58% | 767.25M SAR | 16.54 | — | 0.85 |
| 35 |  Arabian Cement Co.3010 | 22.72 SAR | +0.71% | 2.27B SAR | 13.77 | 6.61% | 0.86 |
| 36 |  Makkah Construction4300 | 17.92 SAR | +0.22% | 19.35B SAR | 17.07 | — | 0.86 |
| 37 |  SHL Finance Co.1183 | 15.40 SAR | +1.12% | 1.52B SAR | 30.20 | 328.00% | 0.88 |
| 38 |  National Industrialization (TASNEE)2060 | 9.84 SAR | +0.92% | 6.58B SAR | — | — | 0.88 |
| 39 |  Kingdom Holding4280 | 13.50 SAR | -6.38% | 50.03B SAR | 23.28 | 2.07% | 0.88 |
| 40 |  Zain Saudi Arabia7030 | 10.90 SAR | +0.18% | 9.80B SAR | 16.27 | 4.24% | 0.88 |
| 41 |  City Cement Co.3003 | 11.69 SAR | +0.43% | 1.63B SAR | 12.71 | 988.00% | 0.91 |
| 42 |  Eastern Province Cement Co.3080 | 25.40 SAR | +0.08% | 2.11B SAR | 10.81 | 6.28% | 0.92 |
| 43 |  Southern Province Cement3050 | 20.30 SAR | +1.10% | 2.84B SAR | — | 4.74% | 0.93 |
| 44 |  Yanbu Cement Co.3060 | 15.22 SAR | +0.26% | 2.58B SAR | 23.06 | 9.41% | 0.94 |
| 45 |  Nayifat Finance Company4081 | 9.94 SAR | -0.10% | 1.16B SAR | 14.20 | 834.00% | 0.94 |
| 46 |  Banque Saudi Fransi1050 | 19.55 SAR | +1.82% | 48.36B SAR | 9.87 | 557.00% | 0.95 |
| 47 |  SEDCO Capital REIT Fund4344 | 7.85 SAR | +0.90% | 1.39B SAR | 17.69 | 7.75% | 0.95 |
| 48 |  Taleem REIT Fund4333 | 10.67 SAR | +0.85% | 524.79M SAR | 15.59 | 7.00% | 0.95 |
| 49 |  Saudi Investment Bank1030 | 13.41 SAR | +0.83% | 16.73B SAR | 7.98 | 451.00% | 0.95 |
| 50 |  Saudi Lime Industries Company9566 | 13.25 SAR | -5.36% | 323.40M SAR | 13.25 | 286.00% | 0.97 |
Price-to-book (P/B) is the share price divided by the book value of equity per share. A stock trading at twice its book value has a P/B of 2. It's a core value-investing tool, especially for banks, insurers, and asset-heavy sectors.
This list ranks Saudi stocks from the lowest P/B upward using the latest available data, excluding negative book values and small caps to reduce noise.
Note: a low multiple isn't always a bargain — it can fall because the market expects earnings to decline or sees asset-quality issues. Pair P/B with return on equity (ROE) and earnings quality. Informational and educational, not investment advice.
Frequently asked questions
What is the P/B ratio?
Price-to-book is the share price divided by book value of equity per share — how much you pay for each riyal of the company's net book assets.
Does a low P/B mean a stock is cheap?
Not always. It can fall because the market expects earnings declines or asset-quality issues. Pair it with return on equity (ROE).
Which sectors suit P/B best?
It's widely used for banks, insurers, and asset-heavy sectors, where book value is more meaningful.