Zest SpAMIL:ZEST -0.43%23 PB Ratio is 0.50 as of Jun. 26, 2026, which is 49% below its 10-year median of 0.99. GuruFocus rates MIL:ZEST with a GF Score™ of 23/100 and a GF Value™ of €0.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,604 Asset Management companies, Zest SpA ranks better than 88.28% 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 (2026-06-26), Zest SpA's share price is €0.115. Zest SpA's Book Value per Share for the quarter that ended in Dec. 2025 was €0.23. Hence, Zest SpA's PB Ratio of today is 0.50.
The historical rank and industry rank for Zest SpA's PB Ratio or its related term are showing as below:
MIL:ZEST'
s PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.99 Max: 1.81
Current: 0.52
During the past 13 years, Zest SpA's highest PB Ratio was 1.81. The lowest was 0.17. And the median was 0.99.
MIL:ZEST's PB Ratio is ranked better than 88.28% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs MIL:ZEST: 0.52
During the past 12 months, Zest SpA's average Book Value Per Share Growth Rate was -25.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -31.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -14.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zest SpA was 13.50% per year. The lowest was -35.20% per year. And the median was -3.40% 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.
Zest SpA PB Ratio Related Terms
Zest SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Zest 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, Zest 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.
Zest SpA PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Zest SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Zest 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.
Zest SpA'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.
Zest SpA (MIL:ZEST) has a PB Ratio of 0.50 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 Zest SpA and its competitors. This is 49% below median its historical median of 0.99. Over the past decade, Zest SpA's PB Ratio has ranged from 0.17 to 1.81. According to the industry distribution chart, Zest SpA ranks #188 out of 1604 companies in the Asset Management industry, placing it in the top 11.7%.
Is Zest SpA's PB Ratio too high?
Zest SpA's current PB Ratio of 0.50 is 49% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.81. The Asset Management industry median PB Ratio is 0.95. Zest SpA's value of 0.50 is 47.4% below this industry median. Based on the distribution chart, Zest SpA ranks #188 out of 1604 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Zest SpA has a GF Score™ of 23/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #188 out of 1604 companies for PB Ratio. This places Zest SpA in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.95. Zest SpA's value of 0.50 is 47.4% below this benchmark. Historically, Zest SpA's own PB Ratio has ranged from 0.17 to 1.81 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.95, Zest SpA 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 0.95, based on 1,604 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. Zest SpA's current PB Ratio of 0.50 is 47.4% 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 Zest SpA 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. Zest SpA's current PB Ratio is 0.50, which is 49% 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 Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.14, compared to a current price of €0.12 — trading 17.9% below its estimated fair value. The current PB Ratio is 0.50, which is 49% below median its 10-year median of 0.99 and 47.4% below the Asset Management industry median of 0.95. Zest SpA's overall GF Score™ is 23/100 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 Zest SpA (MIL:ZEST), the current PB Ratio is 0.50 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.
Is Zest SpA (MIL:ZEST) Overvalued in 2026?
Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued.
The current stock price of €0.12 is trading 17.9% below its estimated GF Value™ of €0.14.
GuruFocus considers Zest SpA to be Modestly Undervalued.
Key valuation signals for MIL:ZEST:
PB Ratio: 0.50 (49% below median its 10-year median of 0.99)
GF Value™: €0.14 vs. price of €0.12 (17.9% below fair value)
Industry Position: 47.4% below the Asset Management median (#188 of 1604)
No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
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