Associated British EngineeringLSE:ASBE 34 PB Ratio is 1.18 as of Jun. 26, 2026, which is 48% above its 10-year median of 0.80. GuruFocus rates LSE:ASBE with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 778 Capital Markets companies, Associated British Engineering ranks better than 55.66% on this metric.
Associated British Engineering PLC stock PB Ratio (=1.18) is close to 10-year high of 1.24.
The historical rank and industry rank for Associated British Engineering's PB Ratio or its related term are showing as below:
LSE:ASBE'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.8 Max: 1.24
Current: 1.18
During the past 13 years, Associated British Engineering's highest PB Ratio was 1.24. The lowest was 0.26. And the median was 0.80.
LSE:ASBE's PB Ratio is ranked better than 55.66% of 778
companies
in the Capital Markets industry
Industry Median: 1.31
vs LSE:ASBE: 1.18
During the past 12 months, Associated British Engineering's average Book Value Per Share Growth Rate was -17.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -22.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Associated British Engineering was 11.20% per year. The lowest was -30.80% per year. And the median was -7.40% per year.
Back to Basics: PB Ratio
Associated British Engineering (LSE:ASBE) 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.
Associated British Engineering PB Ratio Related Terms
Associated British Engineering 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 Capital Markets subindustry, Associated British Engineering'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.
Associated British Engineering PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Associated British Engineering's PB Ratio distribution charts can be found below:
* The bar in red indicates where Associated British Engineering's PB Ratio falls into.
Associated British Engineering PB Ratio Calculation
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.
Associated British Engineering (LSE:ASBE) has a PB Ratio of 1.18 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 Associated British Engineering and its competitors. This is 48% above median its historical median of 0.80. Over the past decade, Associated British Engineering's PB Ratio has ranged from 0.26 to 1.24. According to the industry distribution chart, Associated British Engineering ranks #345 out of 778 companies in the Capital Markets industry, placing it in the top 44.3%.
Is Associated British Engineering's PB Ratio too high?
Associated British Engineering's current PB Ratio of 1.18 is 48% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.24. The Capital Markets industry median PB Ratio is 1.31. Associated British Engineering's value of 1.18 is 9.9% below this industry median. Based on the distribution chart, Associated British Engineering ranks #345 out of 778 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Associated British Engineering has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Associated British Engineering's PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Associated British Engineering ranks #345 out of 778 companies for PB Ratio. This puts Associated British Engineering in the upper half of its industry. The industry median PB Ratio is 1.31. Associated British Engineering's value of 1.18 is 9.9% below this benchmark. Historically, Associated British Engineering's own PB Ratio has ranged from 0.26 to 1.24 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.31, Associated British Engineering 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 a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.31, based on 778 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. Associated British Engineering's current PB Ratio of 1.18 is 9.9% 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 Associated British Engineering and its competitors. For the Capital Markets industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated British Engineering's current PB Ratio is 1.18, which is 48% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated British Engineering stock overvalued right now?
Associated British Engineering (LSE:ASBE) has a current PB Ratio of 1.18. The current PB Ratio is 1.18, which is 48% above median its 10-year median of 0.80 and 9.9% below the Capital Markets industry median of 1.31. Associated British Engineering'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 Associated British Engineering (LSE:ASBE), the current PB Ratio is 1.18 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.
Associated British Engineering Business Description
Associated British Engineering Plc is a United Kingdom-based holding company. The Company's segments include Associated British Engineering Plc and Akoris Trading Limited. Akoris Trading Limited, its subsidiary, is a commodity and natural resource trading, finance, and investment company. Its operations are located in the United Kingdom.
34GF Score
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