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.
The historical rank and industry rank for True Partner Capital Holding's PB Ratio or its related term are showing as below:
HKSE:08657'
s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.84 Max: 9.59
Current: 6.2
During the past 8 years, True Partner Capital Holding's highest PB Ratio was 9.59. The lowest was 0.78. And the median was 1.84.
HKSE:08657's PB Ratio is ranked worse than 95.24% of 1598
companies
in the Asset Management industry
Industry Median: 0.95
vs HKSE:08657: 6.20
During the past 12 months, True Partner Capital Holding's average Book Value Per Share Growth Rate was -57.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -50.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -39.00% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of True Partner Capital Holding was 25.80% per year. The lowest was -50.50% per year. And the median was -25.60% 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.
True Partner Capital Holding PB Ratio Related Terms
True Partner Capital Holding PB Ratio Historical Data
* 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, True Partner Capital Holding'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.
True Partner Capital Holding PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, True Partner Capital Holding's PB Ratio distribution charts can be found below:
* The bar in red indicates where True Partner Capital Holding'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.
True Partner Capital Holding (HKSE:08657) has a PB Ratio of 6.33 as of Aug. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on True Partner Capital Holding and its competitors. This is 244% above median its historical median of 1.84. Over the past decade, True Partner Capital Holding's PB Ratio has ranged from 0.78 to 9.59. According to the industry distribution chart, True Partner Capital Holding ranks #1522 out of 1598 companies in the Asset Management industry, placing it in the top 95.2%.
Is True Partner Capital Holding's PB Ratio too high?
True Partner Capital Holding's current PB Ratio of 6.33 is 244% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 9.59. The Asset Management industry median PB Ratio is 0.95. True Partner Capital Holding's value of 6.33 is 566.3% above this industry median. Based on the distribution chart, True Partner Capital Holding ranks #1522 out of 1598 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, True Partner Capital Holding has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True Partner Capital Holding's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, True Partner Capital Holding ranks #1522 out of 1598 companies for PB Ratio. This places True Partner Capital Holding in the lower half of its industry. The industry median PB Ratio is 0.95. True Partner Capital Holding's value of 6.33 is 566.3% above this benchmark. Historically, True Partner Capital Holding's own PB Ratio has ranged from 0.78 to 9.59 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 0.95, True Partner Capital Holding 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 1,598 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. True Partner Capital Holding's current PB Ratio of 6.33 is 566.3% 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 True Partner Capital Holding 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. True Partner Capital Holding's current PB Ratio is 6.33, which is 244% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True Partner Capital Holding stock overvalued right now?
Based on GuruFocus' analysis, True Partner Capital Holding (HKSE:08657) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.31 — trading 14.8% above its estimated fair value. The current PB Ratio is 6.33, which is 244% above median its 10-year median of 1.84 and 566.3% above the Asset Management industry median of 0.95. True Partner Capital Holding's overall GF Score™ is 34/100 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 True Partner Capital Holding (HKSE:08657), the current PB Ratio is 6.33 as of Aug. 08, 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 True Partner Capital Holding (HKSE:08657) Overvalued in 2026?
Based on GuruFocus' analysis, True Partner Capital Holding stock appears to be overvalued.
The current stock price of HK$0.31 is trading 14.8% above its estimated GF Value™ of HK$0.27.
GuruFocus considers True Partner Capital Holding to be Modestly Overvalued.
Key valuation signals for HKSE:08657:
PB Ratio: 6.33 (244% above median its 10-year median of 1.84)
GF Value™: HK$0.27 vs. price of HK$0.31 (14.8% above fair value)
Industry Position: 566.3% above the Asset Management median (#1522 of 1598)
No single metric tells the full story. See the HKSE:08657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
True Partner Capital Holding Ltd is an investment holding company. Through its subsidiaries, it is principally engaged in the fund management business, derivative trading, and providing consultancy services. The Group trades in listed derivatives across different financial markets to generate uncorrelated returns for its clients and investors, with an emphasis on outperformance in times of market turmoil, and also provides specifically engineered solutions for qualified investors seeking to optimize the risk-reward profile of their portfolios. Its operating segments are: Asset management and consultancy services, which generate maximum revenue, and Derivative trading. Geographically, the Group generates maximum revenue from Hong Kong and the rest from Chicago.
34GF Score
Get the complete analysis for HKSE:08657
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
HKSE:08657 has been successfully added to your 
