It had a huge run up in 2020 and 2021, and since then the funds mgmt sector has been smashed given the market.
It was (and even after the falls) and continues to trade at a big premium on earnings to the rest of the sector.
At the top it was >100x PER and still trades on over 50x PE vs the sector at <20x.
It does deserve a premium as it charges higher fees that people are willing to pay for ethical funds, and have better inflows than competitors, but also margins are getting squeezed.
Is it that much better than the sector to justify such a premium? IMO probably not. If you go back to 2016-2019 it generally traded around 30-40x PE. Price might go back up but it'll need to be backed by earnings growth IMO.