Ashmore Group (LSE:ASHM) PB Ratio : 1.53 (As of May. 16, 2024)

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What is Ashmore Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-16), Ashmore Group's share price is £2.002. Ashmore Group's Book Value per Share for the quarter that ended in Dec. 2023 was £1.31. Hence, Ashmore Group's PB Ratio of today is 1.53.

The historical rank and industry rank for Ashmore Group's PB Ratio or its related term are showing as below:

LSE:ASHM' s PB Ratio Range Over the Past 10 Years
Min: 1.23 Med: 3.35 Max: 5.7
Current: 1.52

During the past 13 years, Ashmore Group's highest PB Ratio was 5.70. The lowest was 1.23. And the median was 3.35.

LSE:ASHM's PB Ratio is ranked worse than
83.23% of 1688 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:ASHM: 1.52

During the past 12 months, Ashmore Group's average Book Value Per Share Growth Rate was 3.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ashmore Group was 57.50% per year. The lowest was 2.50% per year. And the median was 7.10% per year.

Back to Basics: PB Ratio

Ashmore Group PB Ratio Historical Data

The historical data trend for Ashmore Group's PB 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.

* Premium members only.

Ashmore Group PB Ratio Chart

Ashmore Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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4.31

3.47

3.01

1.67

1.53

Ashmore Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															2.26	1.67	1.90	1.53	1.70

Competitive Comparison of Ashmore Group's PB Ratio

For the Asset Management subindustry, Ashmore Group's PB Ratio, along with its competitors' market caps and PB 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's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ashmore Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ashmore Group's PB Ratio falls into.

Ashmore Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Ashmore Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	2.002	/	1.307
	=	1.53

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Ashmore Group (LSE:ASHM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Ashmore Group PB Ratio Related Terms

Thank you for viewing the detailed overview of Ashmore Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Ashmore Group (LSE:ASHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ashmore Group PLC (LSE:ASHM) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

AJMPF:USA ASHMl:UK A1B:Germany

Address

61 Aldwych, London, GBR, WC2B 4AE

Website

https://www.ashmoregroup.com/en-gb

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 a global client base, 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.

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