Saudi Gas Distributor Price-to-Book Ratio Surges 34% on Saudi Exchange
The Natural Gas Distribution Company's price-to-book forward ratio has been under scrutiny by investors and analysts.
The company, listed on the Saudi Exchange as TADAWUL:9516, revealed its latest financial data, showing a significant increase in the price-to-book forward ratio.
The ratio now stands at 1.34, indicating that the market value of the company is higher than its book value by 34%.