WAM MicrocapASX:WMI 61 PB Ratio is 0.97 as of Jun. 26, 2026, which is 16% below its 10-year median of 1.15. GuruFocus rates ASX:WMI with a GF Score™ of 61/100 and a GF Value™ of A$1.59 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,607 Asset Management companies, WAM Microcap ranks worse than 52.89% 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 (2026-06-26), WAM Microcap's share price is A$1.425. WAM Microcap's Book Value per Share for the quarter that ended in Dec. 2025 was A$1.47. Hence, WAM Microcap's PB Ratio of today is 0.97.
Good Sign:
WAM Microcap Ltd stock PB Ratio (=0.94) is close to 5-year low of 0.94.
The historical rank and industry rank for WAM Microcap's PB Ratio or its related term are showing as below:
ASX:WMI'
s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 1.15 Max: 1.74
Current: 0.97
During the past 7 years, WAM Microcap's highest PB Ratio was 1.74. The lowest was 0.77. And the median was 1.15.
ASX:WMI's PB Ratio is ranked worse than 52.89% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:WMI: 0.97
During the past 12 months, WAM Microcap's average Book Value Per Share Growth Rate was 3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.20% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of WAM Microcap was 3.30% per year. The lowest was -4.80% per year. And the median was 0.45% 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 Microcap PB Ratio Related Terms
WAM Microcap PB Ratio Historical Data
* Premium members only.
The historical data trend for WAM Microcap'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 Microcap'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 Microcap PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, WAM Microcap's PB Ratio distribution charts can be found below:
* The bar in red indicates where WAM Microcap'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 Microcap'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 Microcap (ASX:WMI) has a PB Ratio of 0.97 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 WAM Microcap and its competitors. This is 16% below median its historical median of 1.15. Over the past decade, WAM Microcap's PB Ratio has ranged from 0.77 to 1.74. According to the industry distribution chart, WAM Microcap ranks #850 out of 1607 companies in the Asset Management industry, placing it in the top 52.9%.
Is WAM Microcap's PB Ratio too high?
WAM Microcap's current PB Ratio of 0.97 is 16% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.74. The Asset Management industry median PB Ratio is 0.95. WAM Microcap's value of 0.97 is 2.1% above this industry median. Based on the distribution chart, WAM Microcap ranks #850 out of 1607 companies in the Asset Management industry, which is below the industry midpoint. Overall, WAM Microcap has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WAM Microcap's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Microcap ranks #850 out of 1607 companies for PB Ratio. This places WAM Microcap in the lower half of its industry. The industry median PB Ratio is 0.95. WAM Microcap's value of 0.97 is 2.1% above this benchmark. Historically, WAM Microcap's own PB Ratio has ranged from 0.77 to 1.74 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.95, WAM Microcap 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 1,607 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 Microcap's current PB Ratio of 0.97 is 2.1% 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 Microcap 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 Microcap's current PB Ratio is 0.97, which is 16% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Microcap stock overvalued right now?
Based on GuruFocus' analysis, WAM Microcap (ASX:WMI) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.59, compared to a current price of A$1.43 — trading 10.4% below its estimated fair value. The current PB Ratio is 0.97, which is 16% below median its 10-year median of 1.15 and 2.1% above the Asset Management industry median of 0.95. WAM Microcap's overall GF Score™ is 61/100 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 WAM Microcap (ASX:WMI), the current PB Ratio is 0.97 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 WAM Microcap (ASX:WMI) Overvalued in 2026?
Based on GuruFocus' analysis, WAM Microcap stock appears to be undervalued.
The current stock price of A$1.43 is trading 10.4% below its estimated GF Value™ of A$1.59.
GuruFocus considers WAM Microcap to be Modestly Undervalued.
Key valuation signals for ASX:WMI:
PB Ratio: 0.97 (16% below median its 10-year median of 1.15)
GF Value™: A$1.59 vs. price of A$1.43 (10.4% below fair value)
Industry Position: 2.1% above the Asset Management median (#850 of 1607)
No single metric tells the full story. See the ASX:WMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAM Microcap Ltd is an investment company based in Australia. Its investment objectives are to deliver a stream of fully franked dividends, provide capital growth in the medium-to-long term, and preserve capital. The company is engaged in making investments in listed companies, and provides investors access to a portfolio of undervalued micro-cap growth companies with a market capitalisation of less than 300 million dollars at the time of acquisition. WAM Microcap also provides exposure to relative value arbitrage and market mispricing opportunities.
61GF Score
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