WAM LeadersASX:WLE +0.76%70 PB Ratio is 1.01 as of Jun. 24, 2026, which is 1% below its 10-year median of 1.02. GuruFocus rates ASX:WLE with a GF Score™ of 70/100 and a GF Value™ of A$2.32 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,606 Asset Management companies, WAM Leaders ranks worse than 57.16% on this metric.
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. As of today (2026-06-24), WAM Leaders's share price is A$1.33. WAM Leaders's Book Value per Share for the quarter that ended in Dec. 2025 was A$1.32. Hence, WAM Leaders's PB Ratio of today is 1.01.
The historical rank and industry rank for WAM Leaders's PB Ratio or its related term are showing as below:
ASX:WLE'
s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 1.02 Max: 1.34
Current: 1
During the past 8 years, WAM Leaders's highest PB Ratio was 1.34. The lowest was 0.74. And the median was 1.02.
ASX:WLE's PB Ratio is ranked worse than 57.16% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:WLE: 1.00
During the past 12 months, WAM Leaders's average Book Value Per Share Growth Rate was -0.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of WAM Leaders was 7.10% per year. The lowest was -2.10% per year. And the median was 4.40% 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.
WAM Leaders PB Ratio Related Terms
WAM Leaders PB Ratio Historical Data
* Premium members only.
The historical data trend for WAM Leaders'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, WAM Leaders'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.
WAM Leaders PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Leaders's PB Ratio distribution charts can be found below:
* The bar in red indicates where WAM Leaders'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.
WAM Leaders's PB Ratio for today is calculated as follows:
* 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.
WAM Leaders (ASX:WLE) has a PB Ratio of 1.01 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 WAM Leaders and its competitors. This is near median its historical median of 1.02. Over the past decade, WAM Leaders' PB Ratio has ranged from 0.74 to 1.34. According to the industry distribution chart, WAM Leaders ranks #918 out of 1606 companies in the Asset Management industry, placing it in the top 57.2%.
Is WAM Leaders' PB Ratio too high?
WAM Leaders' current PB Ratio of 1.01 is near median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.34. The Asset Management industry median PB Ratio is 0.95. WAM Leaders' value of 1.01 is 6.3% above this industry median. Based on the distribution chart, WAM Leaders ranks #918 out of 1606 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Leaders has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WAM Leaders' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Leaders ranks #918 out of 1606 companies for PB Ratio. This places WAM Leaders in the lower half of its industry. The industry median PB Ratio is 0.95. WAM Leaders' value of 1.01 is 6.3% above this benchmark. Historically, WAM Leaders' own PB Ratio has ranged from 0.74 to 1.34 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.95, WAM Leaders 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. WAM Leaders's current PB Ratio of 1.01 is 6.3% 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 WAM Leaders 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. WAM Leaders's current PB Ratio is 1.01, which is near median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Leaders stock overvalued right now?
Based on GuruFocus' analysis, WAM Leaders (ASX:WLE) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.32, compared to a current price of A$1.33 — trading 42.7% below its estimated fair value. The current PB Ratio is 1.01, which is near median its 10-year median of 1.02 and 6.3% above the Asset Management industry median of 0.95. WAM Leaders' overall GF Score™ is 70/100 with 3 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 WAM Leaders (ASX:WLE), the current PB Ratio is 1.01 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 WAM Leaders (ASX:WLE) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Leaders stock appears to be undervalued.
The current stock price of A$1.33 is trading 42.7% below its estimated GF Value™ of A$2.32.
GuruFocus considers WAM Leaders to be Significantly Undervalued.
Key valuation signals for ASX:WLE:
PB Ratio: 1.01 (near median its 10-year median of 1.02)
GF Value™: A$2.32 vs. price of A$1.33 (42.7% below fair value)
Industry Position: 6.3% above the Asset Management median (#918 of 1606)
No single metric tells the full story. See the ASX:WLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Leaders Ltd is an investment company. The company's investment objectives are to deliver a stream of fully franked dividends, provide capital growth over the medium-to-long term, and preserve capital. The company currently engages in investing activities, including cash, term deposits, and equity investments in listed companies. Its portfolio consists of securities of companies from various sectors such as Communication services, Financials, Consumer staples, Health care, and Information technology, among others.
70GF Score
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