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Special Opportunities FundSPE -0.11%50 PB Ratio is 0.83 as of Sep. 05, 2026, which is 8% below its 10-year median of 0.90. GuruFocus rates SPE with a GF Score™ of 50/100 and a GF Value™ of $11.02 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,593 Asset Management companies, Special Opportunities Fund ranks better than 71.81% on this metric.
Special Opportunities Fund Inc stock PB Ratio (=0.83) is close to 3-year low of 0.79.
The historical rank and industry rank for Special Opportunities Fund's PB Ratio or its related term are showing as below:
SPE'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.9 Max: 1.09
Current: 0.83
During the past 9 years, Special Opportunities Fund's highest PB Ratio was 1.09. The lowest was 0.54. And the median was 0.90.
SPE's PB Ratio is ranked better than 71.81% of 1593
companies
in the Asset Management industry
Industry Median: 0.94
vs SPE: 0.83
During the past 12 months, Special Opportunities Fund's average Book Value Per Share Growth Rate was -1.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Special Opportunities Fund was 7.80% per year. The lowest was -6.80% per year. And the median was -0.65% 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.
Special Opportunities Fund PB Ratio Related Terms
Special Opportunities Fund PB Ratio Historical Data
* 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, Special Opportunities Fund'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.
Special Opportunities Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Special Opportunities Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Special Opportunities Fund'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.
Special Opportunities Fund (SPE) has a PB Ratio of 0.83 as of Sep. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Special Opportunities Fund and its competitors. This is near median its historical median of 0.90. Over the past decade, Special Opportunities Fund's PB Ratio has ranged from 0.54 to 1.09. According to the industry distribution chart, Special Opportunities Fund ranks #449 out of 1593 companies in the Asset Management industry, placing it in the top 28.2%.
Is Special Opportunities Fund's PB Ratio too high?
Special Opportunities Fund's current PB Ratio of 0.83 is near median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.09. The Asset Management industry median PB Ratio is 0.94. Special Opportunities Fund's value of 0.83 is 11.7% below this industry median. Based on the distribution chart, Special Opportunities Fund ranks #449 out of 1593 companies in the Asset Management industry, which is above the industry midpoint. Overall, Special Opportunities Fund has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Special Opportunities Fund's PB Ratio compare to EVG and PFD?
According to the Asset Management industry distribution chart, Special Opportunities Fund ranks #449 out of 1593 companies for PB Ratio. This puts Special Opportunities Fund in the upper half of its industry. The industry median PB Ratio is 0.94. Special Opportunities Fund's value of 0.83 is 11.7% below this benchmark. Historically, Special Opportunities Fund's own PB Ratio has ranged from 0.54 to 1.09 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.94, Special Opportunities Fund 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 0.94, based on 1,593 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. Special Opportunities Fund's current PB Ratio of 0.83 is 11.7% 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 Special Opportunities Fund and its competitors. For the Asset Management industry, the median PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Special Opportunities Fund's current PB Ratio is 0.83, which is near median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Special Opportunities Fund stock overvalued right now?
Based on GuruFocus' analysis, Special Opportunities Fund (SPE) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.02, compared to a current price of $13.56 — trading 23% above its estimated fair value. The current PB Ratio is 0.83, which is near median its 10-year median of 0.90 and 11.7% below the Asset Management industry median of 0.94. Special Opportunities Fund's overall GF Score™ is 50/100 with 2 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 Special Opportunities Fund (SPE), the current PB Ratio is 0.83 as of Sep. 05, 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 Special Opportunities Fund (SPE) Overvalued in 2026?
Based on GuruFocus' analysis, Special Opportunities Fund stock appears to be overvalued.
The current stock price of $13.56 is trading 23% above its estimated GF Value™ of $11.02.
GuruFocus considers Special Opportunities Fund to be Modestly Overvalued.
Key valuation signals for SPE:
PB Ratio: 0.83 (near median its 10-year median of 0.90)
GF Value™: $11.02 vs. price of $13.56 (23% above fair value)
Industry Position: 11.7% below the Asset Management median (#449 of 1593)
No single metric tells the full story. See the SPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Special Opportunities Fund Inc is a closed-ended diversified management investment company. Its investment objective is to have the total return. The company's investment portfolio consists of investment companies, common stocks, money market funds, commodity partnerships, preferred stocks, convertible bonds, liquidating trusts, promissory notes, senior unsecured notes, warrants, rights, corporate notes and corporate bonds.
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