Coronation Fund ManagersJSE:CML +1.58%76 PB Ratio is 5.45 as of Jun. 26, 2026, which is 21% below its 10-year median of 6.88. GuruFocus rates JSE:CML with a GF Score™ of 76/100 and a GF Value™ of R42.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,604 Asset Management companies, Coronation Fund Managers ranks worse than 95.32% on this metric.
The historical rank and industry rank for Coronation Fund Managers's PB Ratio or its related term are showing as below:
JSE:CML'
s PB Ratio Range Over the Past 10 Years
Min: 4.67 Med: 6.88 Max: 14.03
Current: 5.46
During the past 13 years, Coronation Fund Managers's highest PB Ratio was 14.03. The lowest was 4.67. And the median was 6.88.
JSE:CML's PB Ratio is ranked worse than 95.32% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs JSE:CML: 5.46
During the past 12 months, Coronation Fund Managers's average Book Value Per Share Growth Rate was 15.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Coronation Fund Managers was 284.90% per year. The lowest was -2.90% per year. And the median was 3.50% per year.
Back to Basics: PB Ratio
Coronation Fund Managers (JSE:CML) 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.
* 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, Coronation Fund Managers'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.
Coronation Fund Managers PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's PB Ratio distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers'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.
Coronation Fund Managers (JSE:CML) has a PB Ratio of 5.45 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 Coronation Fund Managers and its competitors. This is 21% below median its historical median of 6.88. Over the past decade, Coronation Fund Managers' PB Ratio has ranged from 4.67 to 14.03. According to the industry distribution chart, Coronation Fund Managers ranks #1529 out of 1604 companies in the Asset Management industry, placing it in the top 95.3%.
Is Coronation Fund Managers' PB Ratio too high?
Coronation Fund Managers' current PB Ratio of 5.45 is 21% below median its 10-year median of 6.88. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 14.03. The Asset Management industry median PB Ratio is 0.95. Coronation Fund Managers' value of 5.45 is 473.7% above this industry median. Based on the distribution chart, Coronation Fund Managers ranks #1529 out of 1604 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Coronation Fund Managers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #1529 out of 1604 companies for PB Ratio. This places Coronation Fund Managers in the lower half of its industry. The industry median PB Ratio is 0.95. Coronation Fund Managers' value of 5.45 is 473.7% above this benchmark. Historically, Coronation Fund Managers' own PB Ratio has ranged from 4.67 to 14.03 over the past decade. While the company's 10-year median is 6.88 vs. the industry median of 0.95, Coronation Fund Managers 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 1,604 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. Coronation Fund Managers's current PB Ratio of 5.45 is 473.7% 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 Coronation Fund Managers 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. Coronation Fund Managers's current PB Ratio is 5.45, which is 21% below median its own 10-year median of 6.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R42.09, compared to a current price of R39.87 — trading 5.3% below its estimated fair value. The current PB Ratio is 5.45, which is 21% below median its 10-year median of 6.88 and 473.7% above the Asset Management industry median of 0.95. Coronation Fund Managers' overall GF Score™ is 76/100 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 Coronation Fund Managers (JSE:CML), the current PB Ratio is 5.45 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 Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R39.87 is trading 5.3% below its estimated GF Value™ of R42.09.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
PB Ratio: 5.45 (21% below median its 10-year median of 6.88)
GF Value™: R42.09 vs. price of R39.87 (5.3% below fair value)
Industry Position: 473.7% above the Asset Management median (#1529 of 1604)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
76GF Score
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