Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
XSpring Capital PCLBKK:XPG 38 PB Ratio is 0.43 as of Aug. 13, 2026, which is 39% below its 10-year median of 0.70. GuruFocus rates BKK:XPG with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,596 Asset Management companies, XSpring Capital PCL ranks better than 92.61% on this metric.
The historical rank and industry rank for XSpring Capital PCL's PB Ratio or its related term are showing as below:
BKK:XPG'
s PB Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.7 Max: 7.43
Current: 0.43
During the past 13 years, XSpring Capital PCL's highest PB Ratio was 7.43. The lowest was 0.29. And the median was 0.70.
BKK:XPG's PB Ratio is ranked better than 92.61% of 1596
companies
in the Asset Management industry
Industry Median: 0.96
vs BKK:XPG: 0.43
During the past 12 months, XSpring Capital PCL'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 -0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of XSpring Capital PCL was 25.70% per year. The lowest was -14.40% per year. And the median was -0.70% 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.
XSpring Capital PCL PB Ratio Related Terms
XSpring Capital PCL PB Ratio Historical Data
* Premium members only.
The historical data trend for XSpring Capital PCL'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, XSpring Capital PCL'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.
XSpring Capital PCL PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, XSpring Capital PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where XSpring Capital PCL'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.
XSpring Capital PCL (BKK:XPG) has a PB Ratio of 0.43 as of Aug. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on XSpring Capital PCL and its competitors. This is 39% below median its historical median of 0.70. Over the past decade, XSpring Capital PCL's PB Ratio has ranged from 0.29 to 7.43. According to the industry distribution chart, XSpring Capital PCL ranks #118 out of 1596 companies in the Asset Management industry, placing it in the top 7.4%.
Is XSpring Capital PCL's PB Ratio too high?
XSpring Capital PCL's current PB Ratio of 0.43 is 39% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 7.43. The Asset Management industry median PB Ratio is 0.96. XSpring Capital PCL's value of 0.43 is 55.2% below this industry median. Based on the distribution chart, XSpring Capital PCL ranks #118 out of 1596 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, XSpring Capital PCL has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does XSpring Capital PCL's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, XSpring Capital PCL ranks #118 out of 1596 companies for PB Ratio. This places XSpring Capital PCL in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. XSpring Capital PCL's value of 0.43 is 55.2% below this benchmark. Historically, XSpring Capital PCL's own PB Ratio has ranged from 0.29 to 7.43 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.96, XSpring Capital PCL 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 0.96, based on 1,596 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. XSpring Capital PCL's current PB Ratio of 0.43 is 55.2% 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 XSpring Capital PCL and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XSpring Capital PCL's current PB Ratio is 0.43, which is 39% below median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XSpring Capital PCL stock overvalued right now?
XSpring Capital PCL (BKK:XPG) has a current PB Ratio of 0.43. The current PB Ratio is 0.43, which is 39% below median its 10-year median of 0.70 and 55.2% below the Asset Management industry median of 0.96. XSpring Capital PCL's overall GF Score™ is 38/100 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 XSpring Capital PCL (BKK:XPG), the current PB Ratio is 0.43 as of Aug. 13, 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.
XSpring Capital PCL is engaged in investment holding in other businesses. The subsidiaries' businesses include fund management business, non-performing assets management business, digital asset business and investment holding business. The company's reportable segments are as follows: i) Securities segment, ii) Fund asset management segment, iii) Digital assets segment, iv) Asset management, and v) Investment and other segment. The majority of the company's revenue is derived from the Fund asset management segment.
38GF Score
Get the complete analysis for BKK:XPG
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
BKK:XPG has been successfully added to your 
