Ashmore GroupLSE:ASHM +0.56%79 PS Ratio is 9.91 as of Jun. 30, 2026, which is 16% above its 10-year median of 8.57. GuruFocus rates LSE:ASHM with a GF Score™ of 79/100 and a GF Value™ of £1.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,406 Asset Management companies, Ashmore Group ranks worse than 60.95% 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, Ashmore Group's share price is £1.963.
Ashmore Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was £0.20. Hence, Ashmore Group's PS Ratio for today is 9.91.
The historical rank and industry rank for Ashmore Group's PS Ratio or its related term are showing as below:
LSE:ASHM'
s PS Ratio Range Over the Past 10 Years
Min: 4.72 Med: 8.57 Max: 12.81
Current: 9.92
During the past 13 years, Ashmore Group's highest PS Ratio was 12.81. The lowest was 4.72. And the median was 8.57.
LSE:ASHM's PS Ratio is ranked worse than 60.95% of 1406
companies
in the Asset Management industry
Industry Median: 7.36
vs LSE:ASHM: 9.92
Ashmore Group PLC revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Ashmore Group was -21.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -16.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -14.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -3.90% per year.
During the past 13 years, Ashmore Group's highest 3-Year average Revenue per Share Growth Rate was 54.20% per year. The lowest was -16.70% per year. And the median was 1.60% per year.
Back to Basics: PS Ratio
Ashmore Group (LSE:ASHM) 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.
Ashmore Group PS Ratio Related Terms
Ashmore Group PS Ratio Historical Data
* Premium members only.
The historical data trend for Ashmore Group'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, Ashmore Group'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.
Ashmore Group PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ashmore Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Ashmore Group'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.
Ashmore Group's Share Price of today is £1.963.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ashmore Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was £0.20.
* 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:
Ashmore Group (LSE:ASHM) has a PS Ratio of 9.91 as of Jun. 30, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ashmore Group and its competitors. This is 16% above median its historical median of 8.57. Over the past decade, Ashmore Group's PS Ratio has ranged from 4.72 to 12.81. According to the industry distribution chart, Ashmore Group ranks #857 out of 1406 companies in the Asset Management industry, placing it in the top 61%.
Is Ashmore Group's PS Ratio too high?
Ashmore Group's current PS Ratio of 9.91 is 16% above median its 10-year median of 8.57. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 12.81. The Asset Management industry median PS Ratio is 7.36. Ashmore Group's value of 9.91 is 34.6% above this industry median. Based on the distribution chart, Ashmore Group ranks #857 out of 1406 companies in the Asset Management industry, which is below the industry midpoint. Overall, Ashmore Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashmore Group's PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Ashmore Group ranks #857 out of 1406 companies for PS Ratio. This places Ashmore Group in the lower half of its industry. The industry median PS Ratio is 7.36. Ashmore Group's value of 9.91 is 34.6% above this benchmark. Historically, Ashmore Group's own PS Ratio has ranged from 4.72 to 12.81 over the past decade. While the company's 10-year median is 8.57 vs. the industry median of 7.36, 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.36, based on 1,406 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. Ashmore Group's current PS Ratio of 9.91 is 34.6% 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 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 Ashmore Group and its competitors. For the Asset Management industry, the median PS Ratio is 7.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashmore Group's current PS Ratio is 9.91, which is 16% above median its own 10-year median of 8.57. 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 (LSE:ASHM) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.44, compared to a current price of £1.96 — trading 36.3% above its estimated fair value. The current PS Ratio is 9.91, which is 16% above median its 10-year median of 8.57 and 34.6% above the Asset Management industry median of 7.36. Ashmore Group's overall GF Score™ is 79/100 with 6 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 Ashmore Group (LSE:ASHM), the current PS Ratio is 9.91 as of Jun. 30, 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 (LSE:ASHM) Overvalued in 2026?
Based on GuruFocus' analysis, Ashmore Group stock appears to be overvalued.
The current stock price of £1.96 is trading 36.3% above its estimated GF Value™ of £1.44.
GuruFocus considers Ashmore Group to be Significantly Overvalued.
Key valuation signals for LSE:ASHM:
PS Ratio: 9.91 (16% above median its 10-year median of 8.57)
GF Value™: £1.44 vs. price of £1.96 (36.3% above fair value)
Industry Position: 34.6% above the Asset Management median (#857 of 1406)
No single metric tells the full story. See the LSE:ASHM 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.
79GF Score
Get the complete analysis for LSE:ASHM
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:ASHM has been successfully added to your 
