StepStone price to book ratio STEP
Market value divided by the book value of the company's net assets, since 2020.
- Today, Oct 23, 2026
- n/m
- not a meaningful number
- Last meaningful
- 46.7×
- Oct 2025
- 6-year median
- 6.8×
- 6-year range
- 3.1× to 51.4×
- Peer median
- 3.4×
StepStone's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.
It was last meaningful in Oct 2025, at 46.7×.
On the days it had one over the last 6 years, its median was 6.8×, from 3.1× in May 2023 to 51.4× in Oct 2025.
Price to book ratio over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2025 | 46.7× | 16.8× | 51.4× |
| 2024 | 17.4× | 4.4× | 19.7× |
| 2023 | 4.4× | 3.1× | 4.6× |
| 2022 | 3.6× | 3.2× | 6.0× |
| 2021 | 6.6× | 6.3× | 29.7× |
| 2020 | 31.6× | 20.2× | 31.6× |
Against its peers
Companies in Asset Management nearest StepStone's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| STEPStepStone | n/m |
| HASIHA Sustainable Infrastructure Capital | 1.8× |
| HLNEHamilton Lane INC | 4.8× |
| DLBDolby Laboratories | 2.3× |
| MCMoelis | 8.4× |
| FHIFederated Hermes | 3.4× |
| LAZLazard | 4.5× |
| VCTRVictory Capital | 2.8× |
| CNSCohen & Steers | 6.2× |
| AAMIAcadian Asset Management | n/m |
| ABAlliancebernstein | 2.6× |
| Peer median | 3.4× |
What the price to book ratio tells you
Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.
Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.
More on StepStone
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.