Central SecuritiesCET +0.50%49 PB Ratio is 0.86 as of Jun. 25, 2026, which is 2% below its 10-year median of 0.88. GuruFocus rates CET with a GF Score™ of 49/100 and a GF Value™ of $48.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,606 Asset Management companies, Central Securities ranks better than 68.31% on this metric.
The historical rank and industry rank for Central Securities's PB Ratio or its related term are showing as below:
CET'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.88 Max: 1.13
Current: 0.86
During the past 13 years, Central Securities's highest PB Ratio was 1.13. The lowest was 0.58. And the median was 0.88.
CET's PB Ratio is ranked better than 68.31% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs CET: 0.86
During the past 12 months, Central Securities's average Book Value Per Share Growth Rate was 11.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Central Securities was 17.60% per year. The lowest was -1.40% per year. And the median was 5.60% per year.
Back to Basics: PB Ratio
Central Securities (AMEX:CET) 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.
Central Securities PB Ratio Related Terms
Central Securities PB Ratio Historical Data
* Premium members only.
The historical data trend for Central Securities'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, Central Securities'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.
Central Securities PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Central Securities's PB Ratio distribution charts can be found below:
* The bar in red indicates where Central Securities'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.
Central Securities (CET) has a PB Ratio of 0.86 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 Central Securities and its competitors. This is near median its historical median of 0.88. Over the past decade, Central Securities' PB Ratio has ranged from 0.58 to 1.13. According to the industry distribution chart, Central Securities ranks #509 out of 1606 companies in the Asset Management industry, placing it in the top 31.7%.
Is Central Securities' PB Ratio too high?
Central Securities' current PB Ratio of 0.86 is near median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.13. The Asset Management industry median PB Ratio is 0.95. Central Securities' value of 0.86 is 9.5% below this industry median. Based on the distribution chart, Central Securities ranks #509 out of 1606 companies in the Asset Management industry, which is above the industry midpoint. Overall, Central Securities has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Central Securities' PB Ratio compare to ECAT and DXYZ?
According to the Asset Management industry distribution chart, Central Securities ranks #509 out of 1606 companies for PB Ratio. This puts Central Securities in the upper half of its industry. The industry median PB Ratio is 0.95. Central Securities' value of 0.86 is 9.5% below this benchmark. Historically, Central Securities' own PB Ratio has ranged from 0.58 to 1.13 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.95, Central Securities 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 1,606 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. Central Securities's current PB Ratio of 0.86 is 9.5% 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 Central Securities 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. Central Securities's current PB Ratio is 0.86, which is near median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Securities stock overvalued right now?
Based on GuruFocus' analysis, Central Securities (CET) is currently considered Fairly Valued. The stock's GF Value™ is $48.47, compared to a current price of $51.83 — trading 6.9% above its estimated fair value. The current PB Ratio is 0.86, which is near median its 10-year median of 0.88 and 9.5% below the Asset Management industry median of 0.95. Central Securities' overall GF Score™ is 49/100 with 5 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 Central Securities (CET), the current PB Ratio is 0.86 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 Central Securities (CET) Overvalued in 2026?
Based on GuruFocus' analysis, Central Securities stock appears to be overvalued.
The current stock price of $51.83 is trading 6.9% above its estimated GF Value™ of $48.47.
GuruFocus considers Central Securities to be Fairly Valued.
Key valuation signals for CET:
PB Ratio: 0.86 (near median its 10-year median of 0.88)
GF Value™: $48.47 vs. price of $51.83 (6.9% above fair value)
Industry Position: 9.5% below the Asset Management median (#509 of 1606)
No single metric tells the full story. See the CET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Securities Corp is a non-diversified closed-end management investment company. The company's investment objective is long-term growth of capital. It invests in common stocks, bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks, and corporations.
49GF Score
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