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VietNam HoldingLSE:VNH +0.15%39 PB Ratio is 0.81 as of Jul. 16, 2026, which is 18% below its 10-year median of 0.99. GuruFocus rates LSE:VNH with a GF Score™ of 39/100. The stock has 1 warning sign investors should review. Among 1,600 Asset Management companies, VietNam Holding ranks better than 72.56% 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 (2026-07-16), VietNam Holding's share price is £3.365. VietNam Holding's Book Value per Share for the quarter that ended in Dec. 2025 was £4.14. Hence, VietNam Holding's PB Ratio of today is 0.81.
Good Sign:
VietNam Holding Ltd stock PB Ratio (=0.81) is close to 3-year low of 0.76.
The historical rank and industry rank for VietNam Holding's PB Ratio or its related term are showing as below:
LSE:VNH'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.99 Max: 1.42
Current: 0.81
During the past 13 years, VietNam Holding's highest PB Ratio was 1.42. The lowest was 0.56. And the median was 0.99.
LSE:VNH's PB Ratio is ranked better than 72.56% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs LSE:VNH: 0.81
During the past 3 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of VietNam Holding was 25.50% per year. The lowest was -6.30% per year. And the median was 12.50% 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.
VietNam Holding PB Ratio Related Terms
VietNam Holding PB Ratio Historical Data
* Premium members only.
The historical data trend for VietNam Holding'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, VietNam 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.
VietNam Holding PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, VietNam Holding's PB Ratio distribution charts can be found below:
* The bar in red indicates where VietNam 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.
VietNam Holding'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.
VietNam Holding (LSE:VNH) has a PB Ratio of 0.81 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on VietNam Holding and its competitors. This is 18% below median its historical median of 0.99. Over the past decade, VietNam Holding's PB Ratio has ranged from 0.56 to 1.42. According to the industry distribution chart, VietNam Holding ranks #439 out of 1600 companies in the Asset Management industry, placing it in the top 27.4%.
Is VietNam Holding's PB Ratio too high?
VietNam Holding's current PB Ratio of 0.81 is 18% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.42. The Asset Management industry median PB Ratio is 0.96. VietNam Holding's value of 0.81 is 15.6% below this industry median. Based on the distribution chart, VietNam Holding ranks #439 out of 1600 companies in the Asset Management industry, which is above the industry midpoint. Overall, VietNam Holding has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does VietNam Holding's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, VietNam Holding ranks #439 out of 1600 companies for PB Ratio. This puts VietNam Holding in the upper half of its industry. The industry median PB Ratio is 0.96. VietNam Holding's value of 0.81 is 15.6% below this benchmark. Historically, VietNam Holding's own PB Ratio has ranged from 0.56 to 1.42 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.96, VietNam Holding 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 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. VietNam Holding's current PB Ratio of 0.81 is 15.6% 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 VietNam Holding 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. VietNam Holding's current PB Ratio is 0.81, which is 18% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VietNam Holding stock overvalued right now?
VietNam Holding (LSE:VNH) has a current PB Ratio of 0.81. The current PB Ratio is 0.81, which is 18% below median its 10-year median of 0.99 and 15.6% below the Asset Management industry median of 0.96. VietNam Holding's overall GF Score™ is 39/100 with 1 warning sign 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 VietNam Holding (LSE:VNH), the current PB Ratio is 0.81 as of Jul. 16, 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.
VietNam Holding Ltd is a closed-end investment company. Its investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have high growth potential at an attractive valuation. The company invests in the securities of publicly traded companies in Vietnam, as well as in the securities of foreign companies if a majority of their assets and/or operations are based in Vietnam.
39GF Score
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