Ninety OneFRA:L91 -0.85%73 PS Ratio is 2.36 as of Jul. 09, 2026, which is 2% below its 10-year median of 2.40. GuruFocus rates FRA:L91 with a GF Score™ of 73/100 and a GF Value™ of €2.11. The stock has 7 warning signs investors should review. Among 1,409 Asset Management companies, Ninety One ranks better than 84.46% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Ninety One's share price is €2.32.
Ninety One's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €0.98. Hence, Ninety One's PS Ratio for today is 2.36.
The historical rank and industry rank for Ninety One's PS Ratio or its related term are showing as below:
FRA:L91'
s PS Ratio Range Over the Past 10 Years
Min: 0.54 Med: 2.4 Max: 3.32
Current: 2.28
During the past 10 years, Ninety One's highest PS Ratio was 3.32. The lowest was 0.54. And the median was 2.40.
FRA:L91's PS Ratio is ranked better than 84.46% of 1409
companies
in the Asset Management industry
Industry Median: 7.22
vs FRA:L91: 2.28
Ninety One Ltd revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Ninety One was 0.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 1.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.50% per year.
During the past 10 years, Ninety One's highest 3-Year average Revenue per Share Growth Rate was 3.40% per year. The lowest was -32.30% per year. And the median was 1.40% per year.
Back to Basics: PS Ratio
Ninety One (FRA:L91) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Ninety One PS Ratio Related Terms
Ninety One PS Ratio Historical Data
* Premium members only.
The historical data trend for Ninety One's PS Ratio 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.
For the Asset Management subindustry, Ninety One's PS Ratio, along with its competitors' market caps and PS Ratio 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.
Ninety One PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's PS Ratio distribution charts can be found below:
* The bar in red indicates where Ninety One's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Ninety One's Share Price of today is €2.32.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ninety One's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €0.98.
* 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:
Ninety One (FRA:L91) has a PS Ratio of 2.36 as of Jul. 09, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ninety One and its competitors. This is near median its historical median of 2.40. Over the past decade, Ninety One's PS Ratio has ranged from 0.54 to 3.32. According to the industry distribution chart, Ninety One ranks #219 out of 1409 companies in the Asset Management industry, placing it in the top 15.5%.
Is Ninety One's PS Ratio too high?
Ninety One's current PS Ratio of 2.36 is near median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 3.32. The Asset Management industry median PS Ratio is 7.22. Ninety One's value of 2.36 is 67.3% below this industry median. Based on the distribution chart, Ninety One ranks #219 out of 1409 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Ninety One has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #219 out of 1409 companies for PS Ratio. This places Ninety One in the top 16% of its industry — outperforming the majority of peers. The industry median PS Ratio is 7.22. Ninety One's value of 2.36 is 67.3% below this benchmark. Historically, Ninety One's own PS Ratio has ranged from 0.54 to 3.32 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 7.22, Ninety One 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.22, based on 1,409 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ninety One's current PS Ratio of 2.36 is 67.3% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ninety One and its competitors. For the Asset Management industry, the median PS Ratio is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current PS Ratio is 2.36, which is near median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current PS Ratio of 2.36. The stock's GF Value™ is €2.11, compared to a current price of €2.32 — trading 10% above its estimated fair value. The current PS Ratio is 2.36, which is near median its 10-year median of 2.40 and 67.3% below the Asset Management industry median of 7.22. Ninety One's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Ninety One (FRA:L91), the current PS Ratio is 2.36 as of Jul. 09, 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 Ninety One (FRA:L91) Overvalued in 2026?
Based on GuruFocus' analysis, Ninety One stock appears to be overvalued.
The current stock price of €2.32 is trading 10% above its estimated GF Value™ of €2.11.
Key valuation signals for FRA:L91:
PS Ratio: 2.36 (near median its 10-year median of 2.40)
GF Value™: €2.11 vs. price of €2.32 (10% above fair value)
Industry Position: 67.3% below the Asset Management median (#219 of 1409)
No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
73GF Score
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