Australian Ethical InvestmentASX:AEF -0.74%98 PB Ratio is 9.98 as of Jun. 24, 2026, which is 44% below its 10-year median of 17.89. GuruFocus rates ASX:AEF with a GF Score™ of 98/100 and a GF Value™ of A$6.36 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,606 Asset Management companies, Australian Ethical Investment ranks worse than 97.88% on this metric.
Australian Ethical Investment Ltd stock PB Ratio (=10.79) is close to 5-year low of 10.79.
The historical rank and industry rank for Australian Ethical Investment's PB Ratio or its related term are showing as below:
ASX:AEF'
s PB Ratio Range Over the Past 10 Years
Min: 6.92 Med: 17.89 Max: 68.28
Current: 9.98
During the past 13 years, Australian Ethical Investment's highest PB Ratio was 68.28. The lowest was 6.92. And the median was 17.89.
ASX:AEF's PB Ratio is ranked worse than 97.88% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:AEF: 9.98
During the past 12 months, Australian Ethical Investment's average Book Value Per Share Growth Rate was 31.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.70% 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 12.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Australian Ethical Investment was 17.70% per year. The lowest was -7.60% per year. And the median was 9.10% per year.
Back to Basics: PB Ratio
Australian Ethical Investment (ASX:AEF) 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.
Australian Ethical Investment PB Ratio Related Terms
Australian Ethical Investment 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 Asset Management subindustry, Australian Ethical Investment'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.
Australian Ethical Investment PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Australian Ethical Investment's PB Ratio distribution charts can be found below:
* The bar in red indicates where Australian Ethical Investment's PB Ratio falls into.
Australian Ethical Investment 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.
Australian Ethical Investment (ASX:AEF) has a PB Ratio of 9.98 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Australian Ethical Investment and its competitors. This is 44% below median its historical median of 17.89. Over the past decade, Australian Ethical Investment's PB Ratio has ranged from 6.92 to 68.28. According to the industry distribution chart, Australian Ethical Investment ranks #1572 out of 1606 companies in the Asset Management industry, placing it in the top 97.9%.
Is Australian Ethical Investment's PB Ratio too high?
Australian Ethical Investment's current PB Ratio of 9.98 is 44% below median its 10-year median of 17.89. Over the past 10 years, this metric has ranged from a low of 6.92 to a high of 68.28. The Asset Management industry median PB Ratio is 0.95. Australian Ethical Investment's value of 9.98 is 950.5% above this industry median. Based on the distribution chart, Australian Ethical Investment ranks #1572 out of 1606 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Australian Ethical Investment has a GF Score™ of 98/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Australian Ethical Investment's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Australian Ethical Investment ranks #1572 out of 1606 companies for PB Ratio. This places Australian Ethical Investment in the lower half of its industry. The industry median PB Ratio is 0.95. Australian Ethical Investment's value of 9.98 is 950.5% above this benchmark. Historically, Australian Ethical Investment's own PB Ratio has ranged from 6.92 to 68.28 over the past decade. While the company's 10-year median is 17.89 vs. the industry median of 0.95, Australian Ethical Investment 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 1,606 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. Australian Ethical Investment's current PB Ratio of 9.98 is 950.5% 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 Australian Ethical Investment 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. Australian Ethical Investment's current PB Ratio is 9.98, which is 44% below median its own 10-year median of 17.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Ethical Investment stock overvalued right now?
Based on GuruFocus' analysis, Australian Ethical Investment (ASX:AEF) is currently considered Possible Value Trap. The stock's GF Value™ is A$6.36, compared to a current price of A$4.05 — trading 36.3% below its estimated fair value. The current PB Ratio is 9.98, which is 44% below median its 10-year median of 17.89 and 950.5% above the Asset Management industry median of 0.95. Australian Ethical Investment's overall GF Score™ is 98/100 with 2 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 Australian Ethical Investment (ASX:AEF), the current PB Ratio is 9.98 as of Jun. 24, 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 Australian Ethical Investment (ASX:AEF) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Ethical Investment stock appears to be undervalued.
The current stock price of A$4.05 is trading 36.3% below its estimated GF Value™ of A$6.36.
GuruFocus considers Australian Ethical Investment to be Possible Value Trap.
Key valuation signals for ASX:AEF:
PB Ratio: 9.98 (44% below median its 10-year median of 17.89)
GF Value™: A$6.36 vs. price of A$4.05 (36.3% below fair value)
Industry Position: 950.5% above the Asset Management median (#1572 of 1606)
No single metric tells the full story. See the ASX:AEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Ethical Investment Business Description
Australian Ethical Investment Ltd is an Australian-based company engaged in the operating segment of Funds Management. The company is involved in acting as the responsible entity for a range of public offer ethically managed investment schemes and acting as the Trustee of the Australian Ethical Retail Superannuation Fund (Super Fund). The various products offered by the company are Super, Managed funds, ETFs, Insurance, and Pension.
98GF Score
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