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Flagship InvestmentsASX:FSI 23 Price-to-Tangible-Book is 0.79 as of Sep. 08, 2026. GuruFocus rates ASX:FSI with a GF Score™ of 23/100. The stock has 2 warning signs investors should review. Among 1,523 Asset Management companies, Flagship Investments ranks better than 75.38% on this metric.
The historical rank and industry rank for Flagship Investments's Price-to-Tangible-Book or its related term are showing as below:
ASX:FSI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.77 Med: 0.87 Max: 0.98
Current: 0.79
During the past 13 years, Flagship Investments's highest Price to Tangible Book Ratio was 0.98. The lowest was 0.77. And the median was 0.87.
ASX:FSI's Price-to-Tangible-Book is ranked better than 75.38% of 1523
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:FSI: 0.79
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.
Flagship Investments Price-to-Tangible-Book Related Terms
Flagship Investments Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Flagship Investments'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:FSI vs BLK, BX, KKR: Price-to-Tangible-Book Comparison
For the Asset Management subindustry, Flagship Investments'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.
Flagship Investments Price-to-Tangible-Book vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Flagship Investments's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Flagship Investments'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.
Flagship Investments (ASX:FSI) has a Price-to-Tangible-Book of 0.79 as of Sep. 08, 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 Flagship Investments and its competitors. According to the industry distribution chart, Flagship Investments ranks #375 out of 1523 companies in the Asset Management industry, placing it in the top 24.6%.
Is Flagship Investments' Price-to-Tangible-Book too high?
Flagship Investments' current Price-to-Tangible-Book is 0.79. The Asset Management industry median Price-to-Tangible-Book is 0.95. Flagship Investments' value of 0.79 is 16.8% below this industry median. Based on the distribution chart, Flagship Investments ranks #375 out of 1523 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Flagship Investments has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Flagship Investments' Price-to-Tangible-Book compare to BLK and BX?
According to the Asset Management industry distribution chart, Flagship Investments ranks #375 out of 1523 companies for Price-to-Tangible-Book. This places Flagship Investments in the top 25% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 0.95. Flagship Investments' value of 0.79 is 16.8% below 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 an Asset Management company?
The median Price-to-Tangible-Book among Asset Management companies is 0.95, based on 1,523 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. Flagship Investments's current Price-to-Tangible-Book of 0.79 is 16.8% below 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 Flagship Investments and its competitors. For the Asset Management industry, the median Price-to-Tangible-Book is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flagship Investments's current Price-to-Tangible-Book is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flagship Investments stock overvalued right now?
Flagship Investments (ASX:FSI) has a current Price-to-Tangible-Book of 0.79. The current Price-to-Tangible-Book is 0.79 and 16.8% below the Asset Management industry median of 0.95. Flagship Investments' overall GF Score™ is 23/100 with 2 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 Flagship Investments (ASX:FSI), the current Price-to-Tangible-Book is 0.79 as of Sep. 08, 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.
Flagship Investments Ltd is an investment company that provides its investors access to the portfolio of Australian growth companies. The company's investment objective is to achieve medium to long-term capital growth and income by investing in a diversified portfolio of Australian companies; to preserve and enhance the NTA backing per share after allowing for inflation; and to provide shareholders with a fully franked dividend, which will grow at a rate over the rate of inflation.
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