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Arbitrage Investment AGHAM:L1AK 40 PB Ratio is 4.50 as of Sep. 04, 2026, which is 226% above its 10-year median of 1.38. GuruFocus rates HAM:L1AK with a GF Score™ of 40/100. The stock has 1 warning sign investors should review. Among 1,593 Asset Management companies, Arbitrage Investment AG ranks worse than 93.22% on this metric.
Arbitrage Investment AG stock PB Ratio (=4.46) is close to 5-year high of 4.46.
The historical rank and industry rank for Arbitrage Investment AG's PB Ratio or its related term are showing as below:
HAM:L1AK'
s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.38 Max: 16.57
Current: 4.5
During the past 13 years, Arbitrage Investment AG's highest PB Ratio was 16.57. The lowest was 0.32. And the median was 1.38.
HAM:L1AK's PB Ratio is ranked worse than 93.22% of 1593
companies
in the Asset Management industry
Industry Median: 0.94
vs HAM:L1AK: 4.50
During the past 12 months, Arbitrage Investment AG's average Book Value Per Share Growth Rate was -1.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -32.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 18.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Arbitrage Investment AG was 108.20% per year. The lowest was -53.00% per year. And the median was 27.90% 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.
* 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, Arbitrage Investment 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.
Arbitrage Investment AG PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Arbitrage Investment AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Arbitrage Investment 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.
Arbitrage Investment AG (HAM:L1AK) has a PB Ratio of 4.50 as of Sep. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Arbitrage Investment AG and its competitors. This is 226% above median its historical median of 1.38. Over the past decade, Arbitrage Investment AG's PB Ratio has ranged from 0.32 to 16.57. According to the industry distribution chart, Arbitrage Investment AG ranks #1485 out of 1593 companies in the Asset Management industry, placing it in the top 93.2%.
Is Arbitrage Investment AG's PB Ratio too high?
Arbitrage Investment AG's current PB Ratio of 4.50 is 226% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 16.57. The Asset Management industry median PB Ratio is 0.94. Arbitrage Investment AG's value of 4.50 is 378.7% above this industry median. Based on the distribution chart, Arbitrage Investment AG ranks #1485 out of 1593 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Arbitrage Investment AG has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Arbitrage Investment AG's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Arbitrage Investment AG ranks #1485 out of 1593 companies for PB Ratio. This places Arbitrage Investment AG in the lower half of its industry. The industry median PB Ratio is 0.94. Arbitrage Investment AG's value of 4.50 is 378.7% above this benchmark. Historically, Arbitrage Investment AG's own PB Ratio has ranged from 0.32 to 16.57 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.94, Arbitrage Investment AG 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 0.94, based on 1,593 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. Arbitrage Investment AG's current PB Ratio of 4.50 is 378.7% 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 Arbitrage Investment 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. Arbitrage Investment AG's current PB Ratio is 4.50, which is 226% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arbitrage Investment AG stock overvalued right now?
Arbitrage Investment AG (HAM:L1AK) has a current PB Ratio of 4.50. The current PB Ratio is 4.50, which is 226% above median its 10-year median of 1.38 and 378.7% above the Asset Management industry median of 0.94. Arbitrage Investment AG's overall GF Score™ is 40/100 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 Arbitrage Investment AG (HAM:L1AK), the current PB Ratio is 4.50 as of Sep. 04, 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.
Arbitrage Investment AG is a diversified investment and holding company that operates a wide range of business activities through its subsidiaries. Its investment focuses on identifying and supporting companies in long-term growth areas that drive innovation, with a particular focus on minimizing risks through arbitrage. The company is active in various sectors, including investment management, investment management, real estate leasing, fintech solutions, renewable energy, pharmaceutical publishing, biotechnology, over-the-counter (OTC) drugs, medical technology, medical equipment and consumables, in-vitro diagnostics, wearables, the Internet of Medical Things (IoMT), as well as recycling and reuse (second life) of electronic components, medical technology, consumer electronics.
40GF Score
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