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Pershing Square HoldingsLSE:PSH -0.36%55 PB Ratio is 0.61 as of Jul. 14, 2026, which is 22% below its 10-year median of 0.78. GuruFocus rates LSE:PSH with a GF Score™ of 55/100 and a GF Value™ of £42.69 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,602 Asset Management companies, Pershing Square Holdings ranks better than 85.14% on this metric.
Pershing Square Holdings Ltd stock PB Ratio (=0.6) is close to 3-year low of 0.6.
The historical rank and industry rank for Pershing Square Holdings's PB Ratio or its related term are showing as below:
LSE:PSH'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.78 Max: 19.16
Current: 0.6
During the past 12 years, Pershing Square Holdings's highest PB Ratio was 19.16. The lowest was 0.51. And the median was 0.78.
LSE:PSH's PB Ratio is ranked better than 85.14% of 1602
companies
in the Asset Management industry
Industry Median: 0.96
vs LSE:PSH: 0.60
During the past 12 months, Pershing Square Holdings's average Book Value Per Share Growth Rate was 20.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 53.50% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Pershing Square Holdings was 218.90% per year. The lowest was 7.50% per year. And the median was 37.70% per year.
Back to Basics: PB Ratio
Pershing Square Holdings (LSE:PSH) 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, Pershing Square 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.
Pershing Square Holdings PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pershing Square Holdings'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.
Pershing Square Holdings (LSE:PSH) has a PB Ratio of 0.61 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 Pershing Square Holdings and its competitors. This is 22% below median its historical median of 0.78. Over the past decade, Pershing Square Holdings' PB Ratio has ranged from 0.51 to 19.16. According to the industry distribution chart, Pershing Square Holdings ranks #238 out of 1602 companies in the Asset Management industry, placing it in the top 14.9%.
Is Pershing Square Holdings' PB Ratio too high?
Pershing Square Holdings' current PB Ratio of 0.61 is 22% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 19.16. The Asset Management industry median PB Ratio is 0.96. Pershing Square Holdings' value of 0.61 is 36.5% below this industry median. Based on the distribution chart, Pershing Square Holdings ranks #238 out of 1602 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Pershing Square Holdings has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pershing Square Holdings' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Pershing Square Holdings ranks #238 out of 1602 companies for PB Ratio. This places Pershing Square Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. Pershing Square Holdings' value of 0.61 is 36.5% below this benchmark. Historically, Pershing Square Holdings' own PB Ratio has ranged from 0.51 to 19.16 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.96, Pershing Square Holdings 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 0.96, 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. Pershing Square Holdings's current PB Ratio of 0.61 is 36.5% 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 Pershing Square Holdings 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. Pershing Square Holdings's current PB Ratio is 0.61, which is 22% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pershing Square Holdings (LSE:PSH) is currently considered Fairly Valued. The stock's GF Value™ is £42.69, compared to a current price of £38.76 — trading 9.2% below its estimated fair value. The current PB Ratio is 0.61, which is 22% below median its 10-year median of 0.78 and 36.5% below the Asset Management industry median of 0.96. Pershing Square Holdings' overall GF Score™ is 55/100 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 Pershing Square Holdings (LSE:PSH), the current PB Ratio is 0.61 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 Pershing Square Holdings (LSE:PSH) Overvalued in 2026?
Based on GuruFocus' analysis, Pershing Square Holdings stock appears to be undervalued.
The current stock price of £38.76 is trading 9.2% below its estimated GF Value™ of £42.69.
GuruFocus considers Pershing Square Holdings to be Fairly Valued.
Key valuation signals for LSE:PSH:
PB Ratio: 0.61 (22% below median its 10-year median of 0.78)
GF Value™: £42.69 vs. price of £38.76 (9.2% below fair value)
Industry Position: 36.5% below the Asset Management median (#238 of 1602)
No single metric tells the full story. See the LSE:PSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pershing Square Holdings Ltd is a closed-ended investment scheme. The company's investment objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. It seeks to achieve its investment objective through long and occasionally short positions in equity or debt securities of public U.S. and non-U.S. issuers, derivative instruments, and other financial instruments.
55GF Score
Get the complete analysis for LSE:PSH
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