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Independent Capital AGHAM:I8CK 49 PB Ratio is 0.45 as of Jul. 30, 2026, which is 38% below its 10-year median of 0.73. GuruFocus rates HAM:I8CK with a GF Score™ of 49/100 and a GF Value™ of €5.15 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,603 Asset Management companies, Independent Capital AG ranks better than 91.52% on this metric.
The historical rank and industry rank for Independent Capital AG's PB Ratio or its related term are showing as below:
HAM:I8CK'
s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.73 Max: 1.95
Current: 0.45
During the past 11 years, Independent Capital AG's highest PB Ratio was 1.95. The lowest was 0.34. And the median was 0.73.
HAM:I8CK's PB Ratio is ranked better than 91.52% of 1603
companies
in the Asset Management industry
Industry Median: 0.94
vs HAM:I8CK: 0.45
During the past 12 months, Independent Capital AG's average Book Value Per Share Growth Rate was 33.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 70.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 57.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Independent Capital AG was 91.70% per year. The lowest was -30.10% per year. And the median was -11.30% per year.
Back to Basics: PB Ratio
Independent Capital AG (HAM:I8CK) 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.
* 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, Independent Capital AG'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.
Independent Capital AG PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Independent Capital AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Independent Capital AG'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.
Independent Capital AG (HAM:I8CK) has a PB Ratio of 0.45 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Independent Capital AG and its competitors. This is 38% below median its historical median of 0.73. Over the past decade, Independent Capital AG's PB Ratio has ranged from 0.34 to 1.95. According to the industry distribution chart, Independent Capital AG ranks #136 out of 1603 companies in the Asset Management industry, placing it in the top 8.5%.
Is Independent Capital AG's PB Ratio too high?
Independent Capital AG's current PB Ratio of 0.45 is 38% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.95. The Asset Management industry median PB Ratio is 0.94. Independent Capital AG's value of 0.45 is 52.1% below this industry median. Based on the distribution chart, Independent Capital AG ranks #136 out of 1603 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Independent Capital AG has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Independent Capital AG's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Independent Capital AG ranks #136 out of 1603 companies for PB Ratio. This places Independent Capital AG in the top 9% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.94. Independent Capital AG's value of 0.45 is 52.1% below this benchmark. Historically, Independent Capital AG's own PB Ratio has ranged from 0.34 to 1.95 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.94, Independent Capital AG has consistently been below 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 0.94, based on 1,603 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. Independent Capital AG's current PB Ratio of 0.45 is 52.1% below 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 Independent Capital AG and its competitors. For the Asset Management industry, the median PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Capital AG's current PB Ratio is 0.45, which is 38% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Capital AG stock overvalued right now?
Based on GuruFocus' analysis, Independent Capital AG (HAM:I8CK) is currently considered Possible Value Trap. The stock's GF Value™ is €5.15, compared to a current price of €0.80 — trading 84.5% below its estimated fair value. The current PB Ratio is 0.45, which is 38% below median its 10-year median of 0.73 and 52.1% below the Asset Management industry median of 0.94. Independent Capital AG's overall GF Score™ is 49/100 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 Independent Capital AG (HAM:I8CK), the current PB Ratio is 0.45 as of Jul. 30, 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 Independent Capital AG (HAM:I8CK) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Capital AG stock appears to be undervalued.
The current stock price of €0.80 is trading 84.5% below its estimated GF Value™ of €5.15.
GuruFocus considers Independent Capital AG to be Possible Value Trap.
Key valuation signals for HAM:I8CK:
PB Ratio: 0.45 (38% below median its 10-year median of 0.73)
GF Value™: €5.15 vs. price of €0.80 (84.5% below fair value)
Industry Position: 52.1% below the Asset Management median (#136 of 1603)
No single metric tells the full story. See the HAM:I8CK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Capital AG is a financing solutions provider. The company follows the crowd-solution principle and supports financing projects across the world by providing comprehensive advice on country-specific funding opportunities.
49GF Score
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