Futures Capital AD (XBUL:FCAD) PB Ratio: 11.17 (As of Jul. 25, 2026) — 45% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:FCAD Futures Capital AD XBUL:FCAD
54 GF Score
Price €16.80
GF Value €15.24
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Futures Capital AD PB Ratio?

Futures Capital AD XBUL:FCAD 54 PB Ratio is 11.17 as of Jul. 25, 2026, which is 45% below its 10-year median of 20.24. GuruFocus rates XBUL:FCAD with a GF Score™ of 54/100 and a GF Value™ of €15.24 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,600 Asset Management companies, Futures Capital AD ranks worse than 98.13% 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 (2026-07-25), Futures Capital AD's share price is €16.80. Futures Capital AD's Book Value per Share for the quarter that ended in Dec. 2025 was €1.50. Hence, Futures Capital AD's PB Ratio of today is 11.17.

Good Sign:

Futures Capital AD stock PB Ratio (=11.17) is close to 5-year low of 11.17.

The historical rank and industry rank for Futures Capital AD's PB Ratio or its related term are showing as below:

XBUL:FCAD' s PB Ratio Range Over the Past 10 Years
Min: 3.44   Med: 20.24   Max: 57.69
Current: 11.17

During the past 13 years, Futures Capital AD's highest PB Ratio was 57.69. The lowest was 3.44. And the median was 20.24.

XBUL:FCAD's PB Ratio is ranked worse than
98.13% of 1600 companies
in the Asset Management industry
Industry Median: 0.945 vs XBUL:FCAD: 11.17

During the past 12 months, Futures Capital AD's average Book Value Per Share Growth Rate was 1.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 21.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Futures Capital AD was 48.90% per year. The lowest was -13.00% per year. And the median was 1.40% per year.

Back to Basics: PB Ratio


Futures Capital AD  (XBUL:FCAD) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Futures Capital AD PB Ratio Related Terms


Futures Capital AD PB Ratio Historical Data

* Premium members only.

The historical data trend for Futures Capital AD'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.

Futures Capital AD PB Ratio Chart

Futures Capital AD Annual Data
Trend Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.50 31.05 21.88 20.11 21.28

Futures Capital AD Semi-Annual Data
Dec14 Jun15 Dec15 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.88 30.37 20.11 20.42 21.28

XBUL:FCAD vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, Futures Capital AD'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.


Futures Capital AD PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Futures Capital AD's PB Ratio distribution charts can be found below:

* The bar in red indicates where Futures Capital AD's PB Ratio falls into.


XBUL:FCAD
54GF Score
Futures Capital AD XBUL:FCAD
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Futures Capital AD 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.

Futures Capital AD's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=16.80/1.504
=11.17

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 11.17 mean?
Futures Capital AD (XBUL:FCAD) has a PB Ratio of 11.17 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Futures Capital AD and its competitors. This is 45% below median its historical median of 20.24. Over the past decade, Futures Capital AD's PB Ratio has ranged from 3.44 to 57.69. According to the industry distribution chart, Futures Capital AD ranks #1570 out of 1600 companies in the Asset Management industry, placing it in the top 98.1%.
Is Futures Capital AD's PB Ratio too high?
Futures Capital AD's current PB Ratio of 11.17 is 45% below median its 10-year median of 20.24. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 57.69. The Asset Management industry median PB Ratio is 0.95. Futures Capital AD's value of 11.17 is 1082% above this industry median. Based on the distribution chart, Futures Capital AD ranks #1570 out of 1600 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Futures Capital AD has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Futures Capital AD's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Futures Capital AD ranks #1570 out of 1600 companies for PB Ratio. This places Futures Capital AD in the lower half of its industry. The industry median PB Ratio is 0.95. Futures Capital AD's value of 11.17 is 1082% above this benchmark. Historically, Futures Capital AD's own PB Ratio has ranged from 3.44 to 57.69 over the past decade. While the company's 10-year median is 20.24 vs. the industry median of 0.95, Futures Capital AD 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 0.95, based on 1,600 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. Futures Capital AD's current PB Ratio of 11.17 is 1082% 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 Futures Capital AD and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Futures Capital AD's current PB Ratio is 11.17, which is 45% below median its own 10-year median of 20.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Futures Capital AD stock overvalued right now?
Based on GuruFocus' analysis, Futures Capital AD (XBUL:FCAD) is currently considered Fairly Valued. The stock's GF Value™ is €15.24, compared to a current price of €16.80 — trading 10.2% above its estimated fair value. The current PB Ratio is 11.17, which is 45% below median its 10-year median of 20.24 and 1082% above the Asset Management industry median of 0.95. Futures Capital AD's overall GF Score™ is 54/100 with 7 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 Futures Capital AD (XBUL:FCAD), the current PB Ratio is 11.17 as of Jul. 25, 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 Futures Capital AD (XBUL:FCAD) Overvalued in 2026?

Based on GuruFocus' analysis, Futures Capital AD stock appears to be overvalued. The current stock price of €16.80 is trading 10.2% above its estimated GF Value™ of €15.24. GuruFocus considers Futures Capital AD to be Fairly Valued.

Key valuation signals for XBUL:FCAD:

  • PB Ratio: 11.17 (45% below median its 10-year median of 20.24)
  • GF Value™: €15.24 vs. price of €16.80 (10.2% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 1082% above the Asset Management median (#1570 of 1600)

No single metric tells the full story. See the XBUL:FCAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Futures Capital AD Business Description

Address 70B Ing. Ivan Ivanov Boulevard, Floor 3, Sofia, BGR, 1303
Futures Capital AD provides foreign direct investments in the real estate, leisure, healthcare, infrastructure, energy, and technology sectors.
54GF Score

Get the complete analysis for XBUL:FCAD

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€16.80
Price
€15.24
GF Value