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Ashley Services GroupASX:ASH 48 Price-to-Tangible-Book is 3.33 as of Aug. 16, 2026, which is 16% above its 10-year median of 2.88. GuruFocus rates ASX:ASH with a GF Score™ of 48/100 and a GF Value™ of A$0.24 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 915 Business Services companies, Ashley Services Group ranks worse than 71.37% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Ashley Services Group Price-to-Tangible-Book Related Terms
Ashley Services Group Price-to-Tangible-Book Historical Data
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The historical data trend for Ashley Services Group's Price-to-Tangible-Book 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.
Ashley Services Group Price-to-Tangible-Book Chart
ASX:ASH vs KFY, RHI, TNET: Price-to-Tangible-Book Comparison
For the Staffing & Employment Services subindustry, Ashley Services Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Ashley Services Group Price-to-Tangible-Book vs Business Services Industry
For the Business Services industry and Industrials sector, Ashley Services Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ashley Services Group's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Ashley Services Group (ASX:ASH) has a Price-to-Tangible-Book of 3.33 as of Aug. 16, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Ashley Services Group and its competitors. This is 16% above median its historical median of 2.88. Over the past decade, Ashley Services Group's Price-to-Tangible-Book has ranged from 0.55 to 20.88. According to the industry distribution chart, Ashley Services Group ranks #653 out of 915 companies in the Business Services industry, placing it in the top 71.4%.
Is Ashley Services Group's Price-to-Tangible-Book too high?
Ashley Services Group's current Price-to-Tangible-Book of 3.33 is 16% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 20.88. The Business Services industry median Price-to-Tangible-Book is 1.86. Ashley Services Group's value of 3.33 is 79% above this industry median. Based on the distribution chart, Ashley Services Group ranks #653 out of 915 companies in the Business Services industry, which is below the industry midpoint. Overall, Ashley Services Group has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashley Services Group's Price-to-Tangible-Book compare to KFY and RHI?
According to the Business Services industry distribution chart, Ashley Services Group ranks #653 out of 915 companies for Price-to-Tangible-Book. This places Ashley Services Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.86. Ashley Services Group's value of 3.33 is 79% above this benchmark. Historically, Ashley Services Group's own Price-to-Tangible-Book has ranged from 0.55 to 20.88 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 1.86, Ashley Services Group 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 Price-to-Tangible-Book for a Business Services company?
The median Price-to-Tangible-Book among Business Services companies is 1.86, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashley Services Group's current Price-to-Tangible-Book of 3.33 is 79% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Ashley Services Group and its competitors. For the Business Services industry, the median Price-to-Tangible-Book is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashley Services Group's current Price-to-Tangible-Book is 3.33, which is 16% above median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashley Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ashley Services Group (ASX:ASH) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.24, compared to a current price of A$0.28 — trading 16.7% above its estimated fair value. The current Price-to-Tangible-Book is 3.33, which is 16% above median its 10-year median of 2.88 and 79% above the Business Services industry median of 1.86. Ashley Services Group's overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Ashley Services Group (ASX:ASH), the current Price-to-Tangible-Book is 3.33 as of Aug. 16, 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 Ashley Services Group (ASX:ASH) Overvalued in 2026?
Based on GuruFocus' analysis, Ashley Services Group stock appears to be overvalued.
The current stock price of A$0.28 is trading 16.7% above its estimated GF Value™ of A$0.24.
GuruFocus considers Ashley Services Group to be Modestly Overvalued.
Key valuation signals for ASX:ASH:
Price-to-Tangible-Book: 3.33 (16% above median its 10-year median of 2.88)
GF Value™: A$0.24 vs. price of A$0.28 (16.7% above fair value)
Industry Position: 79% above the Business Services median (#653 of 915)
No single metric tells the full story. See the ASX:ASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashley Services Group Ltd is engaged in staffing services. It is an integrated Labour Hire, Recruitment, and Training organization that has been delivering workforce management and business improvement programs. The group operates in two operating segments, namely Labour hire and Training. The group derives maximum revenue from providing Labour hire services. The organization operates in Australia.
48GF Score
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