Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
During the past 12 months, Mercantile Investment Trust (The)'s average Book Value Per Share Growth Rate was 9.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mercantile Investment Trust (The) was 25.60% per year. The lowest was -14.50% per year. And the median was 7.40% per year.
During the past 13 years, the highest P/B Ratio of Mercantile Investment Trust (The) was 1.21. The lowest was 0.54. And the median was 0.91.
Mercantile Investment Trust (The) (LSE:MRC) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Mercantile Investment Trust (The) Book Value per Share Related Terms
Mercantile Investment Trust (The) Book Value per Share Historical Data
* 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.
Mercantile Investment Trust (The) Book Value per Share Chart
LSE:MRC vs BLK, BX, KKR: Book Value per Share Comparison
For the Asset Management subindustry, Mercantile Investment Trust (The)'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.
Mercantile Investment Trust (The) PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mercantile Investment Trust (The)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Mercantile Investment Trust (The)'s PB Ratio falls into.
* 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.
Mercantile Investment Trust (The) (LSE:MRC) has a Book Value per Share of £2.88 as of Jan. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Mercantile Investment Trust (The) and its competitors.
Is Mercantile Investment Trust (The)'s Book Value per Share too high?
Mercantile Investment Trust (The)'s current Book Value per Share is £2.88. Overall, Mercantile Investment Trust (The) has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Investment Trust (The)'s Book Value per Share compare to BLK and BX?
Mercantile Investment Trust (The)'s Book Value per Share of £2.88 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Asset Management company?
A good Book Value per Share depends on the Asset Management industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Mercantile Investment Trust (The) and its competitors. Mercantile Investment Trust (The)'s current Book Value per Share is £2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Investment Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Investment Trust (The) (LSE:MRC) is currently considered Significantly Undervalued. The stock's GF Value™ is £7.21, compared to a current price of £2.73 — trading 62.1% below its estimated fair value. The current Book Value per Share is £2.88. Mercantile Investment Trust (The)'s overall GF Score™ is 49/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Mercantile Investment Trust (The) (LSE:MRC), the current Book Value per Share is £2.88 as of Jan. 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 Mercantile Investment Trust (The) (LSE:MRC) Overvalued in 2026?
Based on GuruFocus' analysis, Mercantile Investment Trust (The) stock appears to be undervalued.
The current stock price of £2.73 is trading 62.1% below its estimated GF Value™ of £7.21.
GuruFocus considers Mercantile Investment Trust (The) to be Significantly Undervalued.
Key valuation signals for LSE:MRC:
Book Value per Share: £2.88
GF Value™: £7.21 vs. price of £2.73 (62.1% below fair value)
No single metric tells the full story. See the LSE:MRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercantile Investment Trust (The) Business Description
Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of securities of companies from various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.
49GF Score
Get the complete analysis for LSE:MRC
Book Value per Share 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:MRC has been successfully added to your 
