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Thorney OpportunitiesASX:TOP 31 Price-to-Tangible-Book is 0.62 as of Aug. 22, 2026, which is 21% below its 10-year median of 0.78. GuruFocus rates ASX:TOP with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 1,530 Asset Management companies, Thorney Opportunities ranks better than 85.03% on this metric.
The historical rank and industry rank for Thorney Opportunities's Price-to-Tangible-Book or its related term are showing as below:
ASX:TOP'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 0.78 Max: 1.02
Current: 0.62
During the past 13 years, Thorney Opportunities's highest Price to Tangible Book Ratio was 1.02. The lowest was 0.61. And the median was 0.78.
ASX:TOP's Price-to-Tangible-Book is ranked better than 85.03% of 1530
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:TOP: 0.62
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.
Thorney Opportunities Price-to-Tangible-Book Related Terms
Thorney Opportunities Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Thorney Opportunities'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:TOP vs BLK, BX, KKR: Price-to-Tangible-Book Comparison
For the Asset Management subindustry, Thorney Opportunities'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.
Thorney Opportunities Price-to-Tangible-Book vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thorney Opportunities's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Thorney Opportunities'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.
Thorney Opportunities (ASX:TOP) has a Price-to-Tangible-Book of 0.62 as of Aug. 22, 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 Thorney Opportunities and its competitors. This is 21% below median its historical median of 0.78. Over the past decade, Thorney Opportunities' Price-to-Tangible-Book has ranged from 0.61 to 1.02. According to the industry distribution chart, Thorney Opportunities ranks #229 out of 1530 companies in the Asset Management industry, placing it in the top 15%.
Is Thorney Opportunities' Price-to-Tangible-Book too high?
Thorney Opportunities' current Price-to-Tangible-Book of 0.62 is 21% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.02. The Asset Management industry median Price-to-Tangible-Book is 0.95. Thorney Opportunities' value of 0.62 is 34.7% below this industry median. Based on the distribution chart, Thorney Opportunities ranks #229 out of 1530 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Thorney Opportunities has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' Price-to-Tangible-Book compare to BLK and BX?
According to the Asset Management industry distribution chart, Thorney Opportunities ranks #229 out of 1530 companies for Price-to-Tangible-Book. This places Thorney Opportunities in the top 15% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 0.95. Thorney Opportunities' value of 0.62 is 34.7% below this benchmark. Historically, Thorney Opportunities' own Price-to-Tangible-Book has ranged from 0.61 to 1.02 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.95, Thorney Opportunities has consistently been below 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 an Asset Management company?
The median Price-to-Tangible-Book among Asset Management companies is 0.95, based on 1,530 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. Thorney Opportunities's current Price-to-Tangible-Book of 0.62 is 34.7% 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 Thorney Opportunities 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. Thorney Opportunities's current Price-to-Tangible-Book is 0.62, which is 21% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Thorney Opportunities (ASX:TOP) has a current Price-to-Tangible-Book of 0.62. The current Price-to-Tangible-Book is 0.62, which is 21% below median its 10-year median of 0.78 and 34.7% below the Asset Management industry median of 0.95. Thorney Opportunities' overall GF Score™ is 31/100 with 1 warning sign 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 Thorney Opportunities (ASX:TOP), the current Price-to-Tangible-Book is 0.62 as of Aug. 22, 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.
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
31GF Score
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