Azimut Holding SpAMIL:AZM -0.52%81 PB Ratio is 2.30 as of Jul. 04, 2026, which is 15% below its 10-year median of 2.72. GuruFocus rates MIL:AZM with a GF Score™ of 81/100 and a GF Value™ of €28.51 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,600 Asset Management companies, Azimut Holding SpA ranks worse than 87.13% on this metric.
The historical rank and industry rank for Azimut Holding SpA's PB Ratio or its related term are showing as below:
MIL:AZM'
s PB Ratio Range Over the Past 10 Years
Min: 1.49 Med: 2.72 Max: 5.01
Current: 2.33
During the past 13 years, Azimut Holding SpA's highest PB Ratio was 5.01. The lowest was 1.49. And the median was 2.72.
MIL:AZM's PB Ratio is ranked worse than 87.13% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs MIL:AZM: 2.33
During the past 12 months, Azimut Holding SpA's average Book Value Per Share Growth Rate was 11.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Azimut Holding SpA was 295.80% per year. The lowest was -5.30% per year. And the median was 13.80% 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.
Azimut Holding SpA PB Ratio Related Terms
Azimut Holding SpA PB Ratio Historical Data
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The historical data trend for Azimut Holding SpA'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, Azimut Holding SpA'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.
Azimut Holding SpA PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Azimut Holding SpA'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.
Azimut Holding SpA (MIL:AZM) has a PB Ratio of 2.30 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Azimut Holding SpA and its competitors. This is 15% below median its historical median of 2.72. Over the past decade, Azimut Holding SpA's PB Ratio has ranged from 1.49 to 5.01. According to the industry distribution chart, Azimut Holding SpA ranks #1394 out of 1600 companies in the Asset Management industry, placing it in the top 87.1%.
Is Azimut Holding SpA's PB Ratio too high?
Azimut Holding SpA's current PB Ratio of 2.30 is 15% below median its 10-year median of 2.72. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 5.01. The Asset Management industry median PB Ratio is 0.96. Azimut Holding SpA's value of 2.30 is 139.6% above this industry median. Based on the distribution chart, Azimut Holding SpA ranks #1394 out of 1600 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Azimut Holding SpA has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Azimut Holding SpA ranks #1394 out of 1600 companies for PB Ratio. This places Azimut Holding SpA in the lower half of its industry. The industry median PB Ratio is 0.96. Azimut Holding SpA's value of 2.30 is 139.6% above this benchmark. Historically, Azimut Holding SpA's own PB Ratio has ranged from 1.49 to 5.01 over the past decade. While the company's 10-year median is 2.72 vs. the industry median of 0.96, Azimut Holding SpA 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 1,600 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. Azimut Holding SpA's current PB Ratio of 2.30 is 139.6% 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 Azimut Holding SpA 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. Azimut Holding SpA's current PB Ratio is 2.30, which is 15% below median its own 10-year median of 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (MIL:AZM) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.51, compared to a current price of €36.37 — trading 27.6% above its estimated fair value. The current PB Ratio is 2.30, which is 15% below median its 10-year median of 2.72 and 139.6% above the Asset Management industry median of 0.96. Azimut Holding SpA's overall GF Score™ is 81/100 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 Azimut Holding SpA (MIL:AZM), the current PB Ratio is 2.30 as of Jul. 04, 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 Azimut Holding SpA (MIL:AZM) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €36.37 is trading 27.6% above its estimated GF Value™ of €28.51.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for MIL:AZM:
PB Ratio: 2.30 (15% below median its 10-year median of 2.72)
GF Value™: €28.51 vs. price of €36.37 (27.6% above fair value)
Industry Position: 139.6% above the Asset Management median (#1394 of 1600)
No single metric tells the full story. See the MIL:AZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
81GF Score
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