Hearts And Minds InvestmentsASX:HM1 37 PB Ratio is 0.85 as of Jun. 26, 2026, which is 7% below its 10-year median of 0.91. GuruFocus rates ASX:HM1 with a GF Score™ of 37/100 and a GF Value™ of A$1.51 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,604 Asset Management companies, Hearts And Minds Investments ranks better than 68.08% on this metric.
Hearts And Minds Investments Ltd stock PB Ratio (=0.85) is close to 2-year low of 0.79.
The historical rank and industry rank for Hearts And Minds Investments's PB Ratio or its related term are showing as below:
ASX:HM1'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.91 Max: 1.44
Current: 0.85
During the past 7 years, Hearts And Minds Investments's highest PB Ratio was 1.44. The lowest was 0.51. And the median was 0.91.
ASX:HM1's PB Ratio is ranked better than 68.08% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:HM1: 0.85
During the past 12 months, Hearts And Minds Investments's average Book Value Per Share Growth Rate was -3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Hearts And Minds Investments was 6.90% per year. The lowest was -8.10% per year. And the median was 0.55% per year.
Back to Basics: PB Ratio
Hearts And Minds Investments (ASX:HM1) 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.
Hearts And Minds Investments PB Ratio Related Terms
Hearts And Minds Investments 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, Hearts And Minds 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.
Hearts And Minds Investments PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hearts And Minds Investments's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hearts And Minds 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.
Hearts And Minds Investments (ASX:HM1) has a PB Ratio of 0.85 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 Hearts And Minds Investments and its competitors. This is near median its historical median of 0.91. Over the past decade, Hearts And Minds Investments' PB Ratio has ranged from 0.51 to 1.44. According to the industry distribution chart, Hearts And Minds Investments ranks #512 out of 1604 companies in the Asset Management industry, placing it in the top 31.9%.
Is Hearts And Minds Investments' PB Ratio too high?
Hearts And Minds Investments' current PB Ratio of 0.85 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.44. The Asset Management industry median PB Ratio is 0.95. Hearts And Minds Investments' value of 0.85 is 10.5% below this industry median. Based on the distribution chart, Hearts And Minds Investments ranks #512 out of 1604 companies in the Asset Management industry, which is above the industry midpoint. Overall, Hearts And Minds Investments has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hearts And Minds Investments' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Hearts And Minds Investments ranks #512 out of 1604 companies for PB Ratio. This puts Hearts And Minds Investments in the upper half of its industry. The industry median PB Ratio is 0.95. Hearts And Minds Investments' value of 0.85 is 10.5% below this benchmark. Historically, Hearts And Minds Investments' own PB Ratio has ranged from 0.51 to 1.44 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.95, Hearts And Minds 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. Hearts And Minds Investments's current PB Ratio of 0.85 is 10.5% 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 Hearts And Minds 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. Hearts And Minds Investments's current PB Ratio is 0.85, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hearts And Minds Investments stock overvalued right now?
Based on GuruFocus' analysis, Hearts And Minds Investments (ASX:HM1) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.51, compared to a current price of A$2.86 — trading 89.4% above its estimated fair value. The current PB Ratio is 0.85, which is near median its 10-year median of 0.91 and 10.5% below the Asset Management industry median of 0.95. Hearts And Minds Investments' overall GF Score™ is 37/100 with 1 warning sign 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 Hearts And Minds Investments (ASX:HM1), the current PB Ratio is 0.85 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.
Is Hearts And Minds Investments (ASX:HM1) Overvalued in 2026?
Based on GuruFocus' analysis, Hearts And Minds Investments stock appears to be overvalued.
The current stock price of A$2.86 is trading 89.4% above its estimated GF Value™ of A$1.51.
GuruFocus considers Hearts And Minds Investments to be Significantly Overvalued.
Key valuation signals for ASX:HM1:
PB Ratio: 0.85 (near median its 10-year median of 0.91)
GF Value™: A$1.51 vs. price of A$2.86 (89.4% above fair value)
Industry Position: 10.5% below the Asset Management median (#512 of 1604)
No single metric tells the full story. See the ASX:HM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, the company has investments in the United States, Australia, Hong Kong, Germany, Canada, and the United Kingdom.
37GF Score
Get the complete analysis for ASX:HM1
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:HM1 has been successfully added to your 
