Fiera CapitalTSX:FSZ -1.72%71 PB Ratio is 2.35 as of Jun. 25, 2026, which is 6% above its 10-year median of 2.21. GuruFocus rates TSX:FSZ with a GF Score™ of 71/100 and a GF Value™ of C$6.43 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,607 Asset Management companies, Fiera Capital ranks worse than 87.49% 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 (2026-06-25), Fiera Capital's share price is C$5.15. Fiera Capital's Book Value per Share for the quarter that ended in Mar. 2026 was C$2.20. Hence, Fiera Capital's PB Ratio of today is 2.35.
The historical rank and industry rank for Fiera Capital's PB Ratio or its related term are showing as below:
TSX:FSZ'
s PB Ratio Range Over the Past 10 Years
Min: 1 Med: 2.21 Max: 3.72
Current: 2.35
During the past 13 years, Fiera Capital's highest PB Ratio was 3.72. The lowest was 1.00. And the median was 2.21.
TSX:FSZ's PB Ratio is ranked worse than 87.49% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs TSX:FSZ: 2.35
During the past 12 months, Fiera Capital's average Book Value Per Share Growth Rate was -17.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -9.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -11.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fiera Capital was 71.30% per year. The lowest was -15.30% per year. And the median was 0.15% 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.
Fiera Capital PB Ratio Related Terms
Fiera Capital PB Ratio Historical Data
* Premium members only.
The historical data trend for Fiera Capital'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, Fiera Capital'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.
Fiera Capital PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fiera Capital's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fiera Capital'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.
Fiera Capital'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.
Fiera Capital (TSX:FSZ) has a PB Ratio of 2.35 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fiera Capital and its competitors. This is near median its historical median of 2.21. Over the past decade, Fiera Capital's PB Ratio has ranged from 1.00 to 3.72. According to the industry distribution chart, Fiera Capital ranks #1406 out of 1607 companies in the Asset Management industry, placing it in the top 87.5%.
Is Fiera Capital's PB Ratio too high?
Fiera Capital's current PB Ratio of 2.35 is near median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.72. The Asset Management industry median PB Ratio is 0.95. Fiera Capital's value of 2.35 is 147.4% above this industry median. Based on the distribution chart, Fiera Capital ranks #1406 out of 1607 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Fiera Capital has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fiera Capital's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Fiera Capital ranks #1406 out of 1607 companies for PB Ratio. This places Fiera Capital in the lower half of its industry. The industry median PB Ratio is 0.95. Fiera Capital's value of 2.35 is 147.4% above this benchmark. Historically, Fiera Capital's own PB Ratio has ranged from 1.00 to 3.72 over the past decade. While the company's 10-year median is 2.21 vs. the industry median of 0.95, Fiera Capital 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 0.95, based on 1,607 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. Fiera Capital's current PB Ratio of 2.35 is 147.4% 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 Fiera Capital 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. Fiera Capital's current PB Ratio is 2.35, which is near median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Capital stock overvalued right now?
Based on GuruFocus' analysis, Fiera Capital (TSX:FSZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$6.43, compared to a current price of C$5.15 — trading 19.9% below its estimated fair value. The current PB Ratio is 2.35, which is near median its 10-year median of 2.21 and 147.4% above the Asset Management industry median of 0.95. Fiera Capital's overall GF Score™ is 71/100 with 8 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 Fiera Capital (TSX:FSZ), the current PB Ratio is 2.35 as of Jun. 25, 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 Fiera Capital (TSX:FSZ) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Capital stock appears to be undervalued.
The current stock price of C$5.15 is trading 19.9% below its estimated GF Value™ of C$6.43.
GuruFocus considers Fiera Capital to be Modestly Undervalued.
Key valuation signals for TSX:FSZ:
PB Ratio: 2.35 (near median its 10-year median of 2.21)
GF Value™: C$6.43 vs. price of C$5.15 (19.9% below fair value)
Industry Position: 147.4% above the Asset Management median (#1406 of 1607)
No single metric tells the full story. See the TSX:FSZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Capital Corp is an asset management firm that delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary, and private wealth clients. The company's operating segment is asset management services. Its geographical segments are Canada, the United States of America, Europe, Middle East, & Africa, and Asia. The company derives the majority of its revenue from Canada.
71GF Score
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