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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for True Partner Capital Holding's Median PS Value or its related term are showing as below:
HKSE:08657's Price-to-Median-PS-Value is not ranked *
in the Asset Management industry.
Industry Median: 1.04 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
True Partner Capital Holding (HKSE:08657) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
True Partner Capital Holding's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
0.31
/
0.00
=
* 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.
True Partner Capital Holding Median PS Value Related Terms
True Partner Capital Holding Median PS Value Historical Data
* 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.
True Partner Capital Holding Median PS Value Chart
HKSE:08657 vs BLK, BX, KKR: Median PS Value Comparison
For the Asset Management subindustry, True Partner Capital Holding's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
True Partner Capital Holding Price-to-Median-PS-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, True Partner Capital Holding's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where True Partner Capital Holding's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. True Partner Capital Holding's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.021.
* 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.
True Partner Capital Holding (HKSE:08657) has a Median PS Value of HK$0.00 as of Aug. 07, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on True Partner Capital Holding and its competitors. According to the industry distribution chart, True Partner Capital Holding ranks #999999 out of 303 companies in the Asset Management industry.
Is True Partner Capital Holding's Median PS Value too high?
True Partner Capital Holding's current Median PS Value is HK$0.00. Based on the distribution chart, True Partner Capital Holding ranks #999999 out of 303 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, True Partner Capital Holding has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True Partner Capital Holding's Median PS Value compare to BLK and BX?
According to the Asset Management industry distribution chart, True Partner Capital Holding ranks #999999 out of 303 companies for Median PS Value. This places True Partner Capital Holding in the lower half of its industry. The industry median Median PS Value is 1.04. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for an Asset Management company?
The median Median PS Value among Asset Management companies is 1.04, based on 303 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on True Partner Capital Holding and its competitors. For the Asset Management industry, the median Median PS Value is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True Partner Capital Holding's current Median PS Value is HK$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Partner Capital Holding stock overvalued right now?
Based on GuruFocus' analysis, True Partner Capital Holding (HKSE:08657) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.31 — trading 14.8% above its estimated fair value. The current Median PS Value is HK$0.00. True Partner Capital Holding's overall GF Score™ is 34/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For True Partner Capital Holding (HKSE:08657), the current Median PS Value is HK$0.00 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is True Partner Capital Holding (HKSE:08657) Overvalued in 2026?
Based on GuruFocus' analysis, True Partner Capital Holding stock appears to be overvalued.
The current stock price of HK$0.31 is trading 14.8% above its estimated GF Value™ of HK$0.27.
GuruFocus considers True Partner Capital Holding to be Modestly Overvalued.
Key valuation signals for HKSE:08657:
Median PS Value: HK$0.00
GF Value™: HK$0.27 vs. price of HK$0.31 (14.8% above fair value)
No single metric tells the full story. See the HKSE:08657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Partner Capital Holding Ltd is an investment holding company. Through its subsidiaries, it is principally engaged in the fund management business, derivative trading, and providing consultancy services. The Group trades in listed derivatives across different financial markets to generate uncorrelated returns for its clients and investors, with an emphasis on outperformance in times of market turmoil, and also provides specifically engineered solutions for qualified investors seeking to optimize the risk-reward profile of their portfolios. Its operating segments are: Asset management and consultancy services, which generate maximum revenue, and Derivative trading. Geographically, the Group generates maximum revenue from Hong Kong and the rest from Chicago.
34GF Score
Get the complete analysis for HKSE:08657
Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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