Flagship InvestmentsASX:FSI -3.28%33 PB Ratio is 0.59 as of Jun. 26, 2026, which is 36% below its 10-year median of 0.92. GuruFocus rates ASX:FSI with a GF Score™ of 33/100. Among 1,604 Asset Management companies, Flagship Investments ranks better than 84.48% on this metric.
The historical rank and industry rank for Flagship Investments's PB Ratio or its related term are showing as below:
ASX:FSI'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.92 Max: 1.24
Current: 0.59
During the past 13 years, Flagship Investments's highest PB Ratio was 1.24. The lowest was 0.54. And the median was 0.92.
ASX:FSI's PB Ratio is ranked better than 84.48% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:FSI: 0.59
During the past 12 months, Flagship Investments's average Book Value Per Share Growth Rate was -18.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.70% 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 Flagship Investments was 16.60% per year. The lowest was -42.20% per year. And the median was 1.65% per year.
Back to Basics: PB Ratio
Flagship Investments (ASX:FSI) 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.
Flagship Investments PB Ratio Related Terms
Flagship Investments PB Ratio Historical Data
* Premium members only.
The historical data trend for Flagship Investments'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.
For the Asset Management subindustry, Flagship Investments'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.
Flagship Investments PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Flagship Investments's PB Ratio distribution charts can be found below:
* The bar in red indicates where Flagship Investments'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.
Flagship Investments (ASX:FSI) has a PB Ratio of 0.59 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Flagship Investments and its competitors. This is 36% below median its historical median of 0.92. Over the past decade, Flagship Investments' PB Ratio has ranged from 0.54 to 1.24. According to the industry distribution chart, Flagship Investments ranks #249 out of 1604 companies in the Asset Management industry, placing it in the top 15.5%.
Is Flagship Investments' PB Ratio too high?
Flagship Investments' current PB Ratio of 0.59 is 36% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.24. The Asset Management industry median PB Ratio is 0.95. Flagship Investments' value of 0.59 is 37.9% below this industry median. Based on the distribution chart, Flagship Investments ranks #249 out of 1604 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Flagship Investments has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Flagship Investments' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Flagship Investments ranks #249 out of 1604 companies for PB Ratio. This places Flagship Investments in the top 16% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.95. Flagship Investments' value of 0.59 is 37.9% below this benchmark. Historically, Flagship Investments' own PB Ratio has ranged from 0.54 to 1.24 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.95, Flagship Investments 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 0.95, based on 1,604 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. Flagship Investments's current PB Ratio of 0.59 is 37.9% 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 Flagship Investments 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. Flagship Investments's current PB Ratio is 0.59, which is 36% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flagship Investments stock overvalued right now?
Flagship Investments (ASX:FSI) has a current PB Ratio of 0.59. The current PB Ratio is 0.59, which is 36% below median its 10-year median of 0.92 and 37.9% below the Asset Management industry median of 0.95. Flagship Investments' overall GF Score™ is 33/100. 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 Flagship Investments (ASX:FSI), the current PB Ratio is 0.59 as of Jun. 26, 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.
Flagship Investments Ltd is an investment company that provides its investors access to the portfolio of Australian growth companies. The company's investment objective is to achieve medium to long-term capital growth and income by investing in a diversified portfolio of Australian companies; to preserve and enhance the NTA backing per share after allowing for inflation; and to provide shareholders with a fully franked dividend, which will grow at a rate over the rate of inflation.
33GF Score
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