Apollo Global ManagementMIL:1APO +4.96%57 PB Ratio is 3.84 as of Jul. 07, 2026, which is 33% below its 10-year median of 5.73. GuruFocus rates MIL:1APO with a GF Score™ of 57/100 and a GF Value™ of €117.12 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,603 Asset Management companies, Apollo Global Management ranks worse than 91.45% on this metric.
The historical rank and industry rank for Apollo Global Management's PB Ratio or its related term are showing as below:
MIL:1APO'
s PB Ratio Range Over the Past 10 Years
Min: 2.5 Med: 5.73 Max: 4831.82
Current: 3.8
During the past 13 years, Apollo Global Management's highest PB Ratio was 4831.82. The lowest was 2.50. And the median was 5.73.
MIL:1APO's PB Ratio is ranked worse than 91.45% of 1603
companies
in the Asset Management industry
Industry Median: 0.96
vs MIL:1APO: 3.80
During the past 12 months, Apollo Global Management's average Book Value Per Share Growth Rate was 10.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 48.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 51.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 26.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Apollo Global Management was 143.60% per year. The lowest was -44.10% per year. And the median was 19.70% per year.
Back to Basics: PB Ratio
Apollo Global Management (MIL:1APO) 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, Apollo Global Management'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.
Apollo Global Management PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Apollo Global Management's PB Ratio distribution charts can be found below:
* The bar in red indicates where Apollo Global Management'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.
Apollo Global Management (MIL:1APO) has a PB Ratio of 3.84 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Apollo Global Management and its competitors. This is 33% below median its historical median of 5.73. Over the past decade, Apollo Global Management's PB Ratio has ranged from 2.50 to 4,831.82. According to the industry distribution chart, Apollo Global Management ranks #1466 out of 1603 companies in the Asset Management industry, placing it in the top 91.5%.
Is Apollo Global Management's PB Ratio too high?
Apollo Global Management's current PB Ratio of 3.84 is 33% below median its 10-year median of 5.73. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 4,831.82. The Asset Management industry median PB Ratio is 0.96. Apollo Global Management's value of 3.84 is 300% above this industry median. Based on the distribution chart, Apollo Global Management ranks #1466 out of 1603 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Apollo Global Management has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Global Management's PB Ratio compare to KKR and STT?
According to the Asset Management industry distribution chart, Apollo Global Management ranks #1466 out of 1603 companies for PB Ratio. This places Apollo Global Management in the lower half of its industry. The industry median PB Ratio is 0.96. Apollo Global Management's value of 3.84 is 300% above this benchmark. Historically, Apollo Global Management's own PB Ratio has ranged from 2.50 to 4,831.82 over the past decade. While the company's 10-year median is 5.73 vs. the industry median of 0.96, Apollo Global Management 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 0.96, based on 1,603 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. Apollo Global Management's current PB Ratio of 3.84 is 300% 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 Apollo Global Management 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. Apollo Global Management's current PB Ratio is 3.84, which is 33% below median its own 10-year median of 5.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Global Management stock overvalued right now?
Based on GuruFocus' analysis, Apollo Global Management (MIL:1APO) is currently considered Fairly Valued. The stock's GF Value™ is €117.12, compared to a current price of €106.80 — trading 8.8% below its estimated fair value. The current PB Ratio is 3.84, which is 33% below median its 10-year median of 5.73 and 300% above the Asset Management industry median of 0.96. Apollo Global Management's overall GF Score™ is 57/100 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 Apollo Global Management (MIL:1APO), the current PB Ratio is 3.84 as of Jul. 07, 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 Apollo Global Management (MIL:1APO) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Global Management stock appears to be undervalued.
The current stock price of €106.80 is trading 8.8% below its estimated GF Value™ of €117.12.
GuruFocus considers Apollo Global Management to be Fairly Valued.
Key valuation signals for MIL:1APO:
PB Ratio: 3.84 (33% below median its 10-year median of 5.73)
GF Value™: €117.12 vs. price of €106.80 (8.8% below fair value)
Industry Position: 300% above the Asset Management median (#1466 of 1603)
No single metric tells the full story. See the MIL:1APO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
57GF Score
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