029 Group SE (XTER:Z29) PB Ratio: 14.87 (As of Jul. 18, 2026) — 27% Below Median

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.

XTER:Z29 029 Group SE XTER:Z29
27 GF Score
Price €40.60
! 4 Warning Signs
View Full Analysis

What is 029 Group SE PB Ratio?

029 Group SE XTER:Z29 27 PB Ratio is 14.87 as of Jul. 18, 2026, which is 27% below its 10-year median of 20.48. GuruFocus rates XTER:Z29 with a GF Score™ of 27/100. The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, 029 Group SE ranks worse than 98.69% 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 (2026-07-18), 029 Group SE's share price is €40.60. 029 Group SE's Book Value per Share for the quarter that ended in Dec. 2025 was €2.73. Hence, 029 Group SE's PB Ratio of today is 14.87.

Warning Sign:

029 Group SE stock PB Ratio (=14.65) is close to 1-year high of 14.87.

The historical rank and industry rank for 029 Group SE's PB Ratio or its related term are showing as below:

XTER:Z29' s PB Ratio Range Over the Past 10 Years
Min: 4.72   Med: 20.48   Max: 27.26
Current: 14.65

During the past 8 years, 029 Group SE's highest PB Ratio was 27.26. The lowest was 4.72. And the median was 20.48.

XTER:Z29's PB Ratio is ranked worse than
98.69% of 1600 companies
in the Asset Management industry
Industry Median: 0.96 vs XTER:Z29: 14.65

During the past 12 months, 029 Group SE's average Book Value Per Share Growth Rate was -14.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -13.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 40.50% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of 029 Group SE was 83.20% per year. The lowest was -13.70% per year. And the median was 72.40% per year.

Back to Basics: PB Ratio


029 Group SE  (XTER:Z29) 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.


029 Group SE PB Ratio Related Terms


029 Group SE PB Ratio Historical Data

* Premium members only.

The historical data trend for 029 Group SE'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.

029 Group SE PB Ratio Chart

029 Group SE Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 3.48 5.05 4.82 12.45

029 Group SE Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.05 4.43 4.82 12.00 12.45

XTER:Z29 vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, 029 Group SE'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.


029 Group SE PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, 029 Group SE's PB Ratio distribution charts can be found below:

* The bar in red indicates where 029 Group SE's PB Ratio falls into.


XTER:Z29
27GF Score
029 Group SE XTER:Z29
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

029 Group SE 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.

029 Group SE's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=40.60/2.731
=14.87

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 14.87 mean?
029 Group SE (XTER:Z29) has a PB Ratio of 14.87 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on 029 Group SE and its competitors. This is 27% below median its historical median of 20.48. Over the past decade, 029 Group SE's PB Ratio has ranged from 4.72 to 27.26. According to the industry distribution chart, 029 Group SE ranks #1579 out of 1600 companies in the Asset Management industry, placing it in the top 98.7%.
Is 029 Group SE's PB Ratio too high?
029 Group SE's current PB Ratio of 14.87 is 27% below median its 10-year median of 20.48. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 27.26. The Asset Management industry median PB Ratio is 0.96. 029 Group SE's value of 14.87 is 1449% above this industry median. Based on the distribution chart, 029 Group SE ranks #1579 out of 1600 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, 029 Group SE has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does 029 Group SE's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, 029 Group SE ranks #1579 out of 1600 companies for PB Ratio. This places 029 Group SE in the lower half of its industry. The industry median PB Ratio is 0.96. 029 Group SE's value of 14.87 is 1449% above this benchmark. Historically, 029 Group SE's own PB Ratio has ranged from 4.72 to 27.26 over the past decade. While the company's 10-year median is 20.48 vs. the industry median of 0.96, 029 Group SE 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. 029 Group SE's current PB Ratio of 14.87 is 1449% 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 029 Group SE 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. 029 Group SE's current PB Ratio is 14.87, which is 27% below median its own 10-year median of 20.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 029 Group SE stock overvalued right now?
029 Group SE (XTER:Z29) has a current PB Ratio of 14.87. The current PB Ratio is 14.87, which is 27% below median its 10-year median of 20.48 and 1449% above the Asset Management industry median of 0.96. 029 Group SE's overall GF Score™ is 27/100 with 4 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 029 Group SE (XTER:Z29), the current PB Ratio is 14.87 as of Jul. 18, 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.

029 Group SE Business Description

Address Kurfurstendamm 14, Berlin, DEU, 10179
029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company's investment is focused on three segments: real estate, hospitality, and lifestyle. The company operates in three segments: Hospitality, Enabling Technologies, and Consumer Brands.
27GF Score

Get the complete analysis for XTER:Z29

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€40.60
Price