Trade & Value AGHAM:TAV 38 PB Ratio is 1.16 as of Jul. 07, 2026, which is 55% above its 10-year median of 0.75. GuruFocus rates HAM:TAV with a GF Score™ of 38/100 and a GF Value™ of €0.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,603 Asset Management companies, Trade & Value AG ranks worse than 71.18% 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 (2026-07-07), Trade & Value AG's share price is €1.60. Trade & Value AG's Book Value per Share for the quarter that ended in Dec. 2025 was €1.38. Hence, Trade & Value AG's PB Ratio of today is 1.16.
The historical rank and industry rank for Trade & Value AG's PB Ratio or its related term are showing as below:
HAM:TAV'
s PB Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.75 Max: 1.34
Current: 1.16
During the past 13 years, Trade & Value AG's highest PB Ratio was 1.34. The lowest was 0.41. And the median was 0.75.
HAM:TAV's PB Ratio is ranked worse than 71.18% of 1603
companies
in the Asset Management industry
Industry Median: 0.96
vs HAM:TAV: 1.16
During the past 12 months, Trade & Value AG's average Book Value Per Share Growth Rate was 3.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -13.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -16.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trade & Value AG was -3.30% per year. The lowest was -21.90% per year. And the median was -11.15% 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.
Trade & Value AG PB Ratio Related Terms
Trade & Value AG PB Ratio Historical Data
* Premium members only.
The historical data trend for Trade & Value AG'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, Trade & Value AG'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.
Trade & Value AG PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Trade & Value AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Trade & Value AG'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.
Trade & Value AG (HAM:TAV) has a PB Ratio of 1.16 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Trade & Value AG and its competitors. This is 55% above median its historical median of 0.75. Over the past decade, Trade & Value AG's PB Ratio has ranged from 0.41 to 1.34. According to the industry distribution chart, Trade & Value AG ranks #1141 out of 1603 companies in the Asset Management industry, placing it in the top 71.2%.
Is Trade & Value AG's PB Ratio too high?
Trade & Value AG's current PB Ratio of 1.16 is 55% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.34. The Asset Management industry median PB Ratio is 0.96. Trade & Value AG's value of 1.16 is 20.8% above this industry median. Based on the distribution chart, Trade & Value AG ranks #1141 out of 1603 companies in the Asset Management industry, which is below the industry midpoint. Overall, Trade & Value AG has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trade & Value AG's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Trade & Value AG ranks #1141 out of 1603 companies for PB Ratio. This places Trade & Value AG in the lower half of its industry. The industry median PB Ratio is 0.96. Trade & Value AG's value of 1.16 is 20.8% above this benchmark. Historically, Trade & Value AG's own PB Ratio has ranged from 0.41 to 1.34 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.96, Trade & Value AG 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 0.96, based on 1,603 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. Trade & Value AG's current PB Ratio of 1.16 is 20.8% 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 Trade & Value AG 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. Trade & Value AG's current PB Ratio is 1.16, which is 55% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trade & Value AG stock overvalued right now?
Based on GuruFocus' analysis, Trade & Value AG (HAM:TAV) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.46, compared to a current price of €1.60 — trading 247.8% above its estimated fair value. The current PB Ratio is 1.16, which is 55% above median its 10-year median of 0.75 and 20.8% above the Asset Management industry median of 0.96. Trade & Value AG's overall GF Score™ is 38/100 with 2 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 Trade & Value AG (HAM:TAV), the current PB Ratio is 1.16 as of Jul. 07, 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 Trade & Value AG (HAM:TAV) Overvalued in 2026?
Based on GuruFocus' analysis, Trade & Value AG stock appears to be overvalued.
The current stock price of €1.60 is trading 247.8% above its estimated GF Value™ of €0.46.
GuruFocus considers Trade & Value AG to be Significantly Overvalued.
Key valuation signals for HAM:TAV:
PB Ratio: 1.16 (55% above median its 10-year median of 0.75)
GF Value™: €0.46 vs. price of €1.60 (247.8% above fair value)
Industry Position: 20.8% above the Asset Management median (#1141 of 1603)
No single metric tells the full story. See the HAM:TAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trade & Value AG is an asset management company operating in Germany. The company focuses on investing in valued companies, undervalued assets, and turnaround stocks.
38GF Score
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