ASX:AFI's PB Ratio is ranked worse than 63.31% of 1600
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:AFI: 1.03
During the past 12 months, Australian Foundation Investment Co's average Book Value Per Share Growth Rate was -3.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Australian Foundation Investment Co was 24.80% per year. The lowest was -7.30% per year. And the median was 4.95% per year.
Back to Basics: PB Ratio
Australian Foundation Investment Co (ASX:AFI) 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 Foundation Investment Co PB Ratio Related Terms
Australian Foundation Investment Co 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.
Australian Foundation Investment Co PB Ratio Chart
For the Asset Management subindustry, Australian Foundation Investment Co'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 Foundation Investment Co PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Australian Foundation Investment Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Australian Foundation Investment Co's PB Ratio falls into.
Australian Foundation Investment Co 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 Foundation Investment Co (ASX:AFI) has a PB Ratio of 1.03 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Australian Foundation Investment Co and its competitors. This is 13% below median its historical median of 1.19. Over the past decade, Australian Foundation Investment Co's PB Ratio has ranged from 0.92 to 1.51. According to the industry distribution chart, Australian Foundation Investment Co ranks #1013 out of 1600 companies in the Asset Management industry, placing it in the top 63.3%.
Is Australian Foundation Investment Co's PB Ratio too high?
Australian Foundation Investment Co's current PB Ratio of 1.03 is 13% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 1.51. The Asset Management industry median PB Ratio is 0.95. Australian Foundation Investment Co's value of 1.03 is 8.4% above this industry median. Based on the distribution chart, Australian Foundation Investment Co ranks #1013 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, Australian Foundation Investment Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Australian Foundation Investment Co's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Australian Foundation Investment Co ranks #1013 out of 1600 companies for PB Ratio. This places Australian Foundation Investment Co in the lower half of its industry. The industry median PB Ratio is 0.95. Australian Foundation Investment Co's value of 1.03 is 8.4% above this benchmark. Historically, Australian Foundation Investment Co's own PB Ratio has ranged from 0.92 to 1.51 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.95, Australian Foundation Investment Co 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. Australian Foundation Investment Co's current PB Ratio of 1.03 is 8.4% 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 Australian Foundation Investment Co 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 Foundation Investment Co's current PB Ratio is 1.03, which is 13% below median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Foundation Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Australian Foundation Investment Co (ASX:AFI) is currently considered Fairly Valued. The stock's GF Value™ is A$6.68, compared to a current price of A$6.89 — trading 3.1% above its estimated fair value. The current PB Ratio is 1.03, which is 13% below median its 10-year median of 1.19 and 8.4% above the Asset Management industry median of 0.95. Australian Foundation Investment Co's overall GF Score™ is 58/100 with 4 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 Foundation Investment Co (ASX:AFI), the current PB Ratio is 1.03 as of Jun. 28, 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 Foundation Investment Co (ASX:AFI) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Foundation Investment Co stock appears to be overvalued.
The current stock price of A$6.89 is trading 3.1% above its estimated GF Value™ of A$6.68.
GuruFocus considers Australian Foundation Investment Co to be Fairly Valued.
Key valuation signals for ASX:AFI:
PB Ratio: 1.03 (13% below median its 10-year median of 1.19)
GF Value™: A$6.68 vs. price of A$6.89 (3.1% above fair value)
Industry Position: 8.4% above the Asset Management median (#1013 of 1600)
No single metric tells the full story. See the ASX:AFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Foundation Investment Co Business Description
Australian Foundation Investment Co Ltd is an asset management company which invests in Australian and New Zealand equities. It aims to provide shareholders with attractive investment returns through access to a growing stream of fully franked dividends and enhancement of capital invested. Its investment goals are to pay dividends, which, over time, grow faster than the rate of inflation, and to provide attractive total returns over the medium to long term.
58GF Score
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