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Garden StageGSIW 12 PB Ratio is 1.54 as of Jul. 18, 2026, which is 51% above its 10-year median of 1.02. GuruFocus rates GSIW with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 777 Capital Markets companies, Garden Stage ranks worse than 55.47% on this metric.
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. As of today (2026-07-18), Garden Stage's share price is $28.01. Garden Stage's Book Value per Share for the quarter that ended in Sep. 2025 was $18.20. Hence, Garden Stage's PB Ratio of today is 1.54.
The historical rank and industry rank for Garden Stage's PB Ratio or its related term are showing as below:
GSIW'
s PB Ratio Range Over the Past 10 Years
Min: 0.11 Med: 1.02 Max: 110.22
Current: 1.54
During the past 5 years, Garden Stage's highest PB Ratio was 110.22. The lowest was 0.11. And the median was 1.02.
GSIW's PB Ratio is ranked worse than 55.47% of 777
companies
in the Capital Markets industry
Industry Median: 1.34
vs GSIW: 1.54
During the past 12 months, Garden Stage's average Book Value Per Share Growth Rate was -79.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 266.70% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Garden Stage was 266.70% per year. The lowest was 139.40% per year. And the median was 203.05% per year.
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.
Garden Stage PB Ratio Related Terms
Garden Stage PB Ratio Historical Data
* Premium members only.
The historical data trend for Garden Stage's PB Ratio 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.
For the Capital Markets subindustry, Garden Stage'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.
Garden Stage PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Garden Stage's PB Ratio distribution charts can be found below:
* The bar in red indicates where Garden Stage'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.
Garden Stage's PB Ratio for today is calculated as follows:
* 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.
Garden Stage (GSIW) has a PB Ratio of 1.54 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Garden Stage and its competitors. This is 51% above median its historical median of 1.02. Over the past decade, Garden Stage's PB Ratio has ranged from 0.11 to 110.22. According to the industry distribution chart, Garden Stage ranks #431 out of 777 companies in the Capital Markets industry, placing it in the top 55.5%.
Is Garden Stage's PB Ratio too high?
Garden Stage's current PB Ratio of 1.54 is 51% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 110.22. The Capital Markets industry median PB Ratio is 1.34. Garden Stage's value of 1.54 is 14.9% above this industry median. Based on the distribution chart, Garden Stage ranks #431 out of 777 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Garden Stage has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Garden Stage's PB Ratio compare to MATH and HGBL?
According to the Capital Markets industry distribution chart, Garden Stage ranks #431 out of 777 companies for PB Ratio. This places Garden Stage in the lower half of its industry. The industry median PB Ratio is 1.34. Garden Stage's value of 1.54 is 14.9% above this benchmark. Historically, Garden Stage's own PB Ratio has ranged from 0.11 to 110.22 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 1.34, Garden Stage 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 a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.34, based on 777 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. Garden Stage's current PB Ratio of 1.54 is 14.9% 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 Garden Stage and its competitors. For the Capital Markets industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garden Stage's current PB Ratio is 1.54, which is 51% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garden Stage stock overvalued right now?
Garden Stage (GSIW) has a current PB Ratio of 1.54. The current PB Ratio is 1.54, which is 51% above median its 10-year median of 1.02 and 14.9% above the Capital Markets industry median of 1.34. Garden Stage's overall GF Score™ is 12/100 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 Garden Stage (GSIW), the current PB Ratio is 1.54 as of Jul. 18, 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.
Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong; and I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.
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