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Independent Capital AGHAM:I8CK +1.27%46 PS Ratio is 1.80 as of Jul. 24, 2026, which is 23% below its 10-year median of 2.35. GuruFocus rates HAM:I8CK with a GF Score™ of 46/100 and a GF Value™ of €5.14 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,411 Asset Management companies, Independent Capital AG ranks better than 87.1% 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, Independent Capital AG's share price is €0.80.
Independent Capital AG's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2024 was €0.44. Hence, Independent Capital AG's PS Ratio for today is 1.80.
Warning Sign:
Independent Capital AG stock PS Ratio (=2.03) is close to 1-year high of 2.03.
The historical rank and industry rank for Independent Capital AG's PS Ratio or its related term are showing as below:
HAM:I8CK'
s PS Ratio Range Over the Past 10 Years
Min: 0.46 Med: 2.35 Max: 16
Current: 1.9
During the past 11 years, Independent Capital AG's highest PS Ratio was 16.00. The lowest was 0.46. And the median was 2.35.
HAM:I8CK's PS Ratio is ranked better than 87.1% of 1411
companies
in the Asset Management industry
Industry Median: 7.15
vs HAM:I8CK: 1.90
During the past 11 years, Independent Capital AG's highest 3-Year average Revenue per Share Growth Rate was 230.00% per year. The lowest was -46.00% per year. And the median was 41.95% per year.
Back to Basics: PS Ratio
Independent Capital AG (HAM:I8CK) 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.
* 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, Independent Capital AG'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.
Independent Capital AG PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Independent Capital AG's PS Ratio distribution charts can be found below:
* The bar in red indicates where Independent Capital AG'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.
Independent Capital AG's Share Price of today is €0.80.
For company reported annually, GuruFocus uses latest annual data as the TTM data. Independent Capital AG's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2024 was €0.44.
* 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:
Independent Capital AG (HAM:I8CK) has a PS Ratio of 1.80 as of Jul. 24, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Independent Capital AG and its competitors. This is 23% below median its historical median of 2.35. Over the past decade, Independent Capital AG's PS Ratio has ranged from 0.46 to 16.00. According to the industry distribution chart, Independent Capital AG ranks #182 out of 1411 companies in the Asset Management industry, placing it in the top 12.9%.
Is Independent Capital AG's PS Ratio too high?
Independent Capital AG's current PS Ratio of 1.80 is 23% below median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 16.00. The Asset Management industry median PS Ratio is 7.15. Independent Capital AG's value of 1.80 is 74.8% below this industry median. Based on the distribution chart, Independent Capital AG ranks #182 out of 1411 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Independent Capital AG has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Independent Capital AG's PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Independent Capital AG ranks #182 out of 1411 companies for PS Ratio. This places Independent Capital AG in the top 13% of its industry — outperforming the majority of peers. The industry median PS Ratio is 7.15. Independent Capital AG's value of 1.80 is 74.8% below this benchmark. Historically, Independent Capital AG's own PS Ratio has ranged from 0.46 to 16.00 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 7.15, Independent Capital AG 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 7.15, based on 1,411 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. Independent Capital AG's current PS Ratio of 1.80 is 74.8% 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 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 Independent Capital AG and its competitors. For the Asset Management industry, the median PS Ratio is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Capital AG's current PS Ratio is 1.80, which is 23% below median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Capital AG stock overvalued right now?
Based on GuruFocus' analysis, Independent Capital AG (HAM:I8CK) is currently considered Possible Value Trap. The stock's GF Value™ is €5.14, compared to a current price of €0.80 — trading 84.4% below its estimated fair value. The current PS Ratio is 1.80, which is 23% below median its 10-year median of 2.35 and 74.8% below the Asset Management industry median of 7.15. Independent Capital AG's overall GF Score™ is 46/100 with 5 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 Independent Capital AG (HAM:I8CK), the current PS Ratio is 1.80 as of Jul. 24, 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 Independent Capital AG (HAM:I8CK) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Capital AG stock appears to be undervalued.
The current stock price of €0.80 is trading 84.4% below its estimated GF Value™ of €5.14.
GuruFocus considers Independent Capital AG to be Possible Value Trap.
Key valuation signals for HAM:I8CK:
PS Ratio: 1.80 (23% below median its 10-year median of 2.35)
GF Value™: €5.14 vs. price of €0.80 (84.4% below fair value)
Industry Position: 74.8% below the Asset Management median (#182 of 1411)
No single metric tells the full story. See the HAM:I8CK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Capital AG is a financing solutions provider. The company follows the crowd-solution principle and supports financing projects across the world by providing comprehensive advice on country-specific funding opportunities.
46GF Score
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