L1 Long Short FundASX:LSF +1.32%61 PB Ratio is 1.25 as of Jun. 25, 2026, which is 28% above its 10-year median of 0.98. GuruFocus rates ASX:LSF with a GF Score™ of 61/100 and a GF Value™ of A$13.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,606 Asset Management companies, L1 Long Short Fund ranks worse than 74.53% on this metric.
The historical rank and industry rank for L1 Long Short Fund's PB Ratio or its related term are showing as below:
ASX:LSF'
s PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.98 Max: 1.49
Current: 1.25
During the past 8 years, L1 Long Short Fund's highest PB Ratio was 1.49. The lowest was 0.45. And the median was 0.98.
ASX:LSF's PB Ratio is ranked worse than 74.53% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:LSF: 1.25
During the past 12 months, L1 Long Short Fund's average Book Value Per Share Growth Rate was 26.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.40% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of L1 Long Short Fund was 18.50% per year. The lowest was 4.20% per year. And the median was 12.00% per year.
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.
L1 Long Short Fund PB Ratio Related Terms
L1 Long Short Fund PB Ratio Historical Data
* Premium members only.
The historical data trend for L1 Long Short Fund'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, L1 Long Short Fund'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.
L1 Long Short Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, L1 Long Short Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where L1 Long Short Fund'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.
L1 Long Short Fund (ASX:LSF) has a PB Ratio of 1.25 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on L1 Long Short Fund and its competitors. This is 28% above median its historical median of 0.98. Over the past decade, L1 Long Short Fund's PB Ratio has ranged from 0.45 to 1.49. According to the industry distribution chart, L1 Long Short Fund ranks #1197 out of 1606 companies in the Asset Management industry, placing it in the top 74.5%.
Is L1 Long Short Fund's PB Ratio too high?
L1 Long Short Fund's current PB Ratio of 1.25 is 28% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.49. The Asset Management industry median PB Ratio is 0.95. L1 Long Short Fund's value of 1.25 is 31.6% above this industry median. Based on the distribution chart, L1 Long Short Fund ranks #1197 out of 1606 companies in the Asset Management industry, which is below the industry midpoint. Overall, L1 Long Short Fund has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L1 Long Short Fund's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Long Short Fund ranks #1197 out of 1606 companies for PB Ratio. This places L1 Long Short Fund in the lower half of its industry. The industry median PB Ratio is 0.95. L1 Long Short Fund's value of 1.25 is 31.6% above this benchmark. Historically, L1 Long Short Fund's own PB Ratio has ranged from 0.45 to 1.49 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.95, L1 Long Short Fund 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. L1 Long Short Fund's current PB Ratio of 1.25 is 31.6% 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 L1 Long Short Fund 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. L1 Long Short Fund's current PB Ratio is 1.25, which is 28% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Long Short Fund stock overvalued right now?
Based on GuruFocus' analysis, L1 Long Short Fund (ASX:LSF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$13.52, compared to a current price of A$4.60 — trading 66% below its estimated fair value. The current PB Ratio is 1.25, which is 28% above median its 10-year median of 0.98 and 31.6% above the Asset Management industry median of 0.95. L1 Long Short Fund's overall GF Score™ is 61/100 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 L1 Long Short Fund (ASX:LSF), the current PB Ratio is 1.25 as of Jun. 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 L1 Long Short Fund (ASX:LSF) Overvalued in 2026?
Based on GuruFocus' analysis, L1 Long Short Fund stock appears to be undervalued.
The current stock price of A$4.60 is trading 66% below its estimated GF Value™ of A$13.52.
GuruFocus considers L1 Long Short Fund to be Significantly Undervalued.
Key valuation signals for ASX:LSF:
PB Ratio: 1.25 (28% above median its 10-year median of 0.98)
GF Value™: A$13.52 vs. price of A$4.60 (66% below fair value)
Industry Position: 31.6% above the Asset Management median (#1197 of 1606)
No single metric tells the full story. See the ASX:LSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry, being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.
61GF Score
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