Alexander Forbes Group HoldingsJSE:AFH -1.74%68 PB Ratio is 2.42 as of Jul. 11, 2026, which is 77% above its 10-year median of 1.37. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.65 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 466 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks worse than 79.83% on this metric.
The historical rank and industry rank for Alexander Forbes Group Holdings's PB Ratio or its related term are showing as below:
JSE:AFH'
s PB Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1.37 Max: 2.92
Current: 2.43
During the past 13 years, Alexander Forbes Group Holdings's highest PB Ratio was 2.92. The lowest was 0.76. And the median was 1.37.
JSE:AFH's PB Ratio is ranked worse than 79.83% of 466
companies
in the Diversified Financial Services industry
Industry Median: 1.38
vs JSE:AFH: 2.43
During the past 12 months, Alexander Forbes Group Holdings's average Book Value Per Share Growth Rate was -3.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Alexander Forbes Group Holdings was 41.70% per year. The lowest was -12.90% per year. And the median was -0.80% per year.
Back to Basics: PB Ratio
Alexander Forbes Group Holdings (JSE:AFH) 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.
Alexander Forbes Group Holdings PB Ratio Related Terms
Alexander Forbes Group Holdings 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 Financial Conglomerates subindustry, Alexander Forbes Group Holdings'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.
Alexander Forbes Group Holdings PB Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Alexander Forbes Group Holdings's PB Ratio falls into.
Alexander Forbes Group Holdings PB Ratio Calculation
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.
Alexander Forbes Group Holdings (JSE:AFH) has a PB Ratio of 2.42 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Alexander Forbes Group Holdings and its competitors. This is 77% above median its historical median of 1.37. Over the past decade, Alexander Forbes Group Holdings' PB Ratio has ranged from 0.76 to 2.92. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #372 out of 466 companies in the Diversified Financial Services industry, placing it in the top 79.8%.
Is Alexander Forbes Group Holdings' PB Ratio too high?
Alexander Forbes Group Holdings' current PB Ratio of 2.42 is 77% above median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.92. The Diversified Financial Services industry median PB Ratio is 1.38. Alexander Forbes Group Holdings' value of 2.42 is 75.4% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #372 out of 466 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' PB Ratio compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #372 out of 466 companies for PB Ratio. This places Alexander Forbes Group Holdings in the lower half of its industry. The industry median PB Ratio is 1.38. Alexander Forbes Group Holdings' value of 2.42 is 75.4% above this benchmark. Historically, Alexander Forbes Group Holdings' own PB Ratio has ranged from 0.76 to 2.92 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 1.38, Alexander Forbes Group Holdings 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 Diversified Financial Services company?
The median PB Ratio among Diversified Financial Services companies is 1.38, based on 466 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. Alexander Forbes Group Holdings's current PB Ratio of 2.42 is 75.4% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current PB Ratio is 2.42, which is 77% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.65, compared to a current price of R7.35 — trading 15% below its estimated fair value. The current PB Ratio is 2.42, which is 77% above median its 10-year median of 1.37 and 75.4% above the Diversified Financial Services industry median of 1.38. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 with 5 warning signs 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 Alexander Forbes Group Holdings (JSE:AFH), the current PB Ratio is 2.42 as of Jul. 11, 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued.
The current stock price of R7.35 is trading 15% below its estimated GF Value™ of R8.65.
GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.
Key valuation signals for JSE:AFH:
PB Ratio: 2.42 (77% above median its 10-year median of 1.37)
GF Value™: R8.65 vs. price of R7.35 (15% below fair value)
Industry Position: 75.4% above the Diversified Financial Services median (#372 of 466)
No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexander Forbes Group Holdings Business Description
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score
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