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Ashmore GroupCHIX:ASHML -0.09%72 Price-to-Tangible-Book is 2.13 as of Aug. 23, 2026, which is 35% below its 10-year median of 3.30. GuruFocus rates CHIX:ASHML with a GF Score™ of 72/100 and a GF Value™ of £1.55 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,531 Asset Management companies, Ashmore Group ranks worse than 84.06% on this metric.
The historical rank and industry rank for Ashmore Group's Price-to-Tangible-Book or its related term are showing as below:
CHIX:ASHMl'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.42 Med: 3.3 Max: 5.08
Current: 2.13
During the past 13 years, Ashmore Group's highest Price to Tangible Book Ratio was 5.08. The lowest was 1.42. And the median was 3.30.
CHIX:ASHMl's Price-to-Tangible-Book is ranked worse than 84.06% of 1531
companies
in the Asset Management industry
Industry Median: 0.96
vs CHIX:ASHMl: 2.13
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.
Ashmore Group Price-to-Tangible-Book Related Terms
Ashmore Group Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Ashmore 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.
CHIX:ASHML vs BLK, BX, KKR: Price-to-Tangible-Book Comparison
For the Asset Management subindustry, Ashmore 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.
Ashmore Group Price-to-Tangible-Book vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ashmore Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ashmore 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.
Ashmore Group (CHIX:ASHML) has a Price-to-Tangible-Book of 2.13 as of Aug. 23, 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 Ashmore Group and its competitors. This is 35% below median its historical median of 3.30. Over the past decade, Ashmore Group's Price-to-Tangible-Book has ranged from 1.42 to 5.08. According to the industry distribution chart, Ashmore Group ranks #1287 out of 1531 companies in the Asset Management industry, placing it in the top 84.1%.
Is Ashmore Group's Price-to-Tangible-Book too high?
Ashmore Group's current Price-to-Tangible-Book of 2.13 is 35% below median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 5.08. The Asset Management industry median Price-to-Tangible-Book is 0.96. Ashmore Group's value of 2.13 is 121.9% above this industry median. Based on the distribution chart, Ashmore Group ranks #1287 out of 1531 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Ashmore Group has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashmore Group's Price-to-Tangible-Book compare to BLK and BX?
According to the Asset Management industry distribution chart, Ashmore Group ranks #1287 out of 1531 companies for Price-to-Tangible-Book. This places Ashmore Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.96. Ashmore Group's value of 2.13 is 121.9% above this benchmark. Historically, Ashmore Group's own Price-to-Tangible-Book has ranged from 1.42 to 5.08 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 0.96, Ashmore 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 an Asset Management company?
The median Price-to-Tangible-Book among Asset Management companies is 0.96, based on 1,531 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. Ashmore Group's current Price-to-Tangible-Book of 2.13 is 121.9% 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 Ashmore Group and its competitors. For the Asset Management industry, the median Price-to-Tangible-Book is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashmore Group's current Price-to-Tangible-Book is 2.13, which is 35% below median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashmore Group stock overvalued right now?
Based on GuruFocus' analysis, Ashmore Group (CHIX:ASHML) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.55, compared to a current price of £2.26 — trading 45.8% above its estimated fair value. The current Price-to-Tangible-Book is 2.13, which is 35% below median its 10-year median of 3.30 and 121.9% above the Asset Management industry median of 0.96. Ashmore Group's overall GF Score™ is 72/100 with 7 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 Ashmore Group (CHIX:ASHML), the current Price-to-Tangible-Book is 2.13 as of Aug. 23, 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 Ashmore Group (CHIX:ASHML) Overvalued in 2026?
Based on GuruFocus' analysis, Ashmore Group stock appears to be overvalued.
The current stock price of £2.26 is trading 45.8% above its estimated GF Value™ of £1.55.
GuruFocus considers Ashmore Group to be Significantly Overvalued.
Key valuation signals for CHIX:ASHML:
Price-to-Tangible-Book: 2.13 (35% below median its 10-year median of 3.30)
GF Value™: £1.55 vs. price of £2.26 (45.8% above fair value)
Industry Position: 121.9% above the Asset Management median (#1287 of 1531)
No single metric tells the full story. See the CHIX:ASHML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to its client base globally, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments. Geographically, the group derives maximum revenue from the United Kingdom and Ireland, followed by the Americas, and Asia and the Middle East.
72GF Score
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