Advance Equity Holding AD Sofia (XBUL:ADVE) PB Ratio: 2.86 (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Advance Equity Holding AD Sofia PB Ratio?

Advance Equity Holding AD Sofia XBUL:ADVE PB Ratio is 2.86 as of Jul. 25, 2026.

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 (2026-07-25), Advance Equity Holding AD Sofia's share price is лв0.378. Advance Equity Holding AD Sofia's Book Value per Share for the quarter that ended in Sep. 2019 was лв0.13. Hence, Advance Equity Holding AD Sofia's PB Ratio of today is 2.86.

The historical rank and industry rank for Advance Equity Holding AD Sofia's PB Ratio or its related term are showing as below:

XBUL:ADVE's PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.945
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Advance Equity Holding AD Sofia  (XBUL:ADVE) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Advance Equity Holding AD Sofia PB Ratio Related Terms

Advance Equity Holding AD Sofia PB Ratio Historical Data

* Premium members only.

The historical data trend for Advance Equity Holding AD Sofia'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.

Advance Equity Holding AD Sofia PB Ratio Chart

Advance Equity Holding AD Sofia Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
PB Ratio
Get a 7-Day Free Trial 0.74 0.66 0.68 0.80 2.25

Advance Equity Holding AD Sofia Quarterly Data
Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Jun19 Sep19
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.74 1.21 2.25 1.89 1.74

XBUL:ADVE vs MILC: PB Ratio Comparison

For the Asset Management subindustry, Advance Equity Holding AD Sofia'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.

Advance Equity Holding AD Sofia PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Advance Equity Holding AD Sofia's PB Ratio distribution charts can be found below:

* The bar in red indicates where Advance Equity Holding AD Sofia's PB Ratio falls into.


Advance Equity Holding AD Sofia PB Ratio Calculation

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.

Advance Equity Holding AD Sofia's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2019)
=0.378/0.132
=2.86

* 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:

PB Ratio=Market Cap /(Total Stockholders Equity-Preferred Stock)

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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.86 mean?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a PB Ratio of 2.86 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Advance Equity Holding AD Sofia and its competitors.
Is Advance Equity Holding AD Sofia's PB Ratio too high?
Advance Equity Holding AD Sofia's current PB Ratio is 2.86. The Asset Management industry median PB Ratio is 0.95. Advance Equity Holding AD Sofia's value of 2.86 is 202.6% above this industry median.
How does Advance Equity Holding AD Sofia's PB Ratio compare to MILC?
Advance Equity Holding AD Sofia's PB Ratio of 2.86 can be compared against companies in the Asset Management industry. The industry median PB Ratio is 0.95. Advance Equity Holding AD Sofia's value of 2.86 is 202.6% above this benchmark. 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 1,600 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. Advance Equity Holding AD Sofia's current PB Ratio of 2.86 is 202.6% 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 Advance Equity Holding AD Sofia 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. Advance Equity Holding AD Sofia's current PB Ratio is 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Equity Holding AD Sofia stock overvalued right now?
Advance Equity Holding AD Sofia (XBUL:ADVE) has a current PB Ratio of 2.86. The current PB Ratio is 2.86 and 202.6% above the Asset Management industry median of 0.95. 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 Advance Equity Holding AD Sofia (XBUL:ADVE), the current PB Ratio is 2.86 as of Jul. 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.

Advance Equity Holding AD Sofia Business Description

Address Boulevard Hristo Botev No. 57 6, Sofia, BGR, 1303
Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.