Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Future Generation AustraliaASX:FGX -2.88%60 PB Ratio is 0.97 as of Jul. 14, 2026, which is 1% above its 10-year median of 0.96. GuruFocus rates ASX:FGX with a GF Score™ of 60/100 and a GF Value™ of A$1.39 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,602 Asset Management companies, Future Generation Australia ranks worse than 57.62% on this metric.
The historical rank and industry rank for Future Generation Australia's PB Ratio or its related term are showing as below:
ASX:FGX'
s PB Ratio Range Over the Past 10 Years
Min: 0.67 Med: 0.96 Max: 1.15
Current: 0.97
During the past 13 years, Future Generation Australia's highest PB Ratio was 1.15. The lowest was 0.67. And the median was 0.96.
ASX:FGX's PB Ratio is ranked worse than 57.62% of 1602
companies
in the Asset Management industry
Industry Median: 0.96
vs ASX:FGX: 0.97
During the past 12 months, Future Generation Australia's average Book Value Per Share Growth Rate was 4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Future Generation Australia was 20.70% per year. The lowest was -88.20% per year. And the median was 1.70% per year.
Back to Basics: PB Ratio
Future Generation Australia (ASX:FGX) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Future Generation Australia PB Ratio Related Terms
Future Generation Australia PB Ratio 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.
For the Asset Management subindustry, Future Generation Australia's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Future Generation Australia PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Future Generation Australia's PB Ratio distribution charts can be found below:
* The bar in red indicates where Future Generation Australia's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Future Generation Australia (ASX:FGX) has a PB Ratio of 0.97 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Future Generation Australia and its competitors. This is near median its historical median of 0.96. Over the past decade, Future Generation Australia's PB Ratio has ranged from 0.67 to 1.15. According to the industry distribution chart, Future Generation Australia ranks #923 out of 1602 companies in the Asset Management industry, placing it in the top 57.6%.
Is Future Generation Australia's PB Ratio too high?
Future Generation Australia's current PB Ratio of 0.97 is near median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.15. The Asset Management industry median PB Ratio is 0.96. Future Generation Australia's value of 0.97 is 1% above this industry median. Based on the distribution chart, Future Generation Australia ranks #923 out of 1602 companies in the Asset Management industry, which is below the industry midpoint. Overall, Future Generation Australia has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Future Generation Australia's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Future Generation Australia ranks #923 out of 1602 companies for PB Ratio. This places Future Generation Australia in the lower half of its industry. The industry median PB Ratio is 0.96. Future Generation Australia's value of 0.97 is 1% above this benchmark. Historically, Future Generation Australia's own PB Ratio has ranged from 0.67 to 1.15 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.96, Future Generation Australia has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,602 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Future Generation Australia's current PB Ratio of 0.97 is 1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Future Generation Australia and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Generation Australia's current PB Ratio is 0.97, which is near median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Generation Australia stock overvalued right now?
Based on GuruFocus' analysis, Future Generation Australia (ASX:FGX) is currently considered Fairly Valued. The stock's GF Value™ is A$1.39, compared to a current price of A$1.35 — trading 2.9% below its estimated fair value. The current PB Ratio is 0.97, which is near median its 10-year median of 0.96 and 1% above the Asset Management industry median of 0.96. Future Generation Australia's overall GF Score™ is 60/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Future Generation Australia (ASX:FGX), the current PB Ratio is 0.97 as of Jul. 14, 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 Future Generation Australia (ASX:FGX) Overvalued in 2026?
Based on GuruFocus' analysis, Future Generation Australia stock appears to be undervalued.
The current stock price of A$1.35 is trading 2.9% below its estimated GF Value™ of A$1.39.
GuruFocus considers Future Generation Australia to be Fairly Valued.
Key valuation signals for ASX:FGX:
PB Ratio: 0.97 (near median its 10-year median of 0.96)
GF Value™: A$1.39 vs. price of A$1.35 (2.9% below fair value)
Industry Position: 1% above the Asset Management median (#923 of 1602)
No single metric tells the full story. See the ASX:FGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Generation Australia Ltd is an investment company engaged in investing activities, including cash, term deposits, and investments in underlying funds managed by Australian equity fund managers.
60GF Score
Get the complete analysis for ASX:FGX
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:FGX has been successfully added to your 
