Ashmore GroupLSE:ASHM +0.15%79 PB Ratio is 1.66 as of Jun. 25, 2026, which is 44% below its 10-year median of 2.97. GuruFocus rates LSE:ASHM with a GF Score™ of 79/100 and a GF Value™ of £1.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,607 Asset Management companies, Ashmore Group ranks worse than 81.71% 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 (2026-06-25), Ashmore Group's share price is £1.968. Ashmore Group's Book Value per Share for the quarter that ended in Dec. 2025 was £1.19. Hence, Ashmore Group's PB Ratio of today is 1.66.
The historical rank and industry rank for Ashmore Group's PB Ratio or its related term are showing as below:
LSE:ASHM'
s PB Ratio Range Over the Past 10 Years
Min: 0.97 Med: 2.97 Max: 4.8
Current: 1.65
During the past 13 years, Ashmore Group's highest PB Ratio was 4.80. The lowest was 0.97. And the median was 2.97.
LSE:ASHM's PB Ratio is ranked worse than 81.71% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs LSE:ASHM: 1.65
During the past 12 months, Ashmore Group's average Book Value Per Share Growth Rate was -4.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ashmore Group was 57.50% per year. The lowest was -3.30% per year. And the median was 6.45% 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.
Ashmore Group PB Ratio Related Terms
Ashmore Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Ashmore Group'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, Ashmore Group'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.
Ashmore Group PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ashmore Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ashmore Group'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.
Ashmore Group's PB Ratio for today is calculated as follows:
* 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.
Ashmore Group (LSE:ASHM) has a PB Ratio of 1.66 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 Ashmore Group and its competitors. This is 44% below median its historical median of 2.97. Over the past decade, Ashmore Group's PB Ratio has ranged from 0.97 to 4.80. According to the industry distribution chart, Ashmore Group ranks #1313 out of 1607 companies in the Asset Management industry, placing it in the top 81.7%.
Is Ashmore Group's PB Ratio too high?
Ashmore Group's current PB Ratio of 1.66 is 44% below median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 4.80. The Asset Management industry median PB Ratio is 0.95. Ashmore Group's value of 1.66 is 74.7% above this industry median. Based on the distribution chart, Ashmore Group ranks #1313 out of 1607 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Ashmore Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashmore Group's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Ashmore Group ranks #1313 out of 1607 companies for PB Ratio. This places Ashmore Group in the lower half of its industry. The industry median PB Ratio is 0.95. Ashmore Group's value of 1.66 is 74.7% above this benchmark. Historically, Ashmore Group's own PB Ratio has ranged from 0.97 to 4.80 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 0.95, Ashmore Group 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 1,607 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. Ashmore Group's current PB Ratio of 1.66 is 74.7% 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 Ashmore Group 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. Ashmore Group's current PB Ratio is 1.66, which is 44% below median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashmore Group stock overvalued right now?
Based on GuruFocus' analysis, Ashmore Group (LSE:ASHM) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.44, compared to a current price of £1.97 — trading 36.7% above its estimated fair value. The current PB Ratio is 1.66, which is 44% below median its 10-year median of 2.97 and 74.7% above the Asset Management industry median of 0.95. Ashmore Group's overall GF Score™ is 79/100 with 6 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 Ashmore Group (LSE:ASHM), the current PB Ratio is 1.66 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 Ashmore Group (LSE:ASHM) Overvalued in 2026?
Based on GuruFocus' analysis, Ashmore Group stock appears to be overvalued.
The current stock price of £1.97 is trading 36.7% above its estimated GF Value™ of £1.44.
GuruFocus considers Ashmore Group to be Significantly Overvalued.
Key valuation signals for LSE:ASHM:
PB Ratio: 1.66 (44% below median its 10-year median of 2.97)
GF Value™: £1.44 vs. price of £1.97 (36.7% above fair value)
Industry Position: 74.7% above the Asset Management median (#1313 of 1607)
No single metric tells the full story. See the LSE:ASHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to its client base globally, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments. Geographically, the group derives maximum revenue from the United Kingdom and Ireland, followed by the Americas, and Asia and the Middle East.
79GF Score
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