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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.
FleetPartners Group Price-to-Tangible-Book Related Terms
FleetPartners Group Price-to-Tangible-Book Historical Data
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The historical data trend for FleetPartners 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.
ASX:FPR vs URI, SUNB, AER: Price-to-Tangible-Book Comparison
For the Rental & Leasing Services subindustry, FleetPartners 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.
FleetPartners Group Price-to-Tangible-Book vs Business Services Industry
For the Business Services industry and Industrials sector, FleetPartners Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where FleetPartners 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.
FleetPartners Group (ASX:FPR) has a Price-to-Tangible-Book of 6.18 as of Aug. 31, 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 FleetPartners Group and its competitors. According to the industry distribution chart, FleetPartners Group ranks #776 out of 910 companies in the Business Services industry, placing it in the top 85.3%.
Is FleetPartners Group's Price-to-Tangible-Book too high?
FleetPartners Group's current Price-to-Tangible-Book is 6.18. The Business Services industry median Price-to-Tangible-Book is 1.88. FleetPartners Group's value of 6.18 is 228.7% above this industry median. Based on the distribution chart, FleetPartners Group ranks #776 out of 910 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, FleetPartners Group has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FleetPartners Group's Price-to-Tangible-Book compare to URI and SUNB?
According to the Business Services industry distribution chart, FleetPartners Group ranks #776 out of 910 companies for Price-to-Tangible-Book. This places FleetPartners Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.88. FleetPartners Group's value of 6.18 is 228.7% 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 Price-to-Tangible-Book for a Business Services company?
The median Price-to-Tangible-Book among Business Services companies is 1.88, based on 910 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. FleetPartners Group's current Price-to-Tangible-Book of 6.18 is 228.7% 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 FleetPartners Group and its competitors. For the Business Services industry, the median Price-to-Tangible-Book is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FleetPartners Group's current Price-to-Tangible-Book is 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FleetPartners Group stock overvalued right now?
Based on GuruFocus' analysis, FleetPartners Group (ASX:FPR) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.63, compared to a current price of A$4.18 — trading 15.2% above its estimated fair value. The current Price-to-Tangible-Book is 6.18 and 228.7% above the Business Services industry median of 1.88. FleetPartners Group's overall GF Score™ is 69/100 with 9 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 FleetPartners Group (ASX:FPR), the current Price-to-Tangible-Book is 6.18 as of Aug. 31, 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 FleetPartners Group (ASX:FPR) Overvalued in 2026?
Based on GuruFocus' analysis, FleetPartners Group stock appears to be overvalued.
The current stock price of A$4.18 is trading 15.2% above its estimated GF Value™ of A$3.63.
GuruFocus considers FleetPartners Group to be Modestly Overvalued.
Key valuation signals for ASX:FPR:
Price-to-Tangible-Book: 6.18
GF Value™: A$3.63 vs. price of A$4.18 (15.2% above fair value)
Industry Position: 228.7% above the Business Services median (#776 of 910)
No single metric tells the full story. See the ASX:FPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, Novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.
69GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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