Herald Investment TrustCHIX:HRIL 60 PB Ratio is 0.80 as of Jul. 13, 2026, which is 15% below its 10-year median of 0.94. GuruFocus rates CHIX:HRIL with a GF Score™ of 60/100 and a GF Value™ of £35.99. The stock has 6 warning signs investors should review. Among 1,603 Asset Management companies, Herald Investment Trust ranks worse than 71.74% on this metric.
Herald Investment Trust PLC stock PB Ratio (=1.17) is close to 10-year high of 1.27.
The historical rank and industry rank for Herald Investment Trust's PB Ratio or its related term are showing as below:
CHIX:HRIl'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.94 Max: 1.27
Current: 1.17
During the past 13 years, Herald Investment Trust's highest PB Ratio was 1.27. The lowest was 0.58. And the median was 0.94.
CHIX:HRIl's PB Ratio is ranked worse than 71.74% of 1603
companies
in the Asset Management industry
Industry Median: 0.96
vs CHIX:HRIl: 1.17
During the past 12 months, Herald Investment Trust's average Book Value Per Share Growth Rate was 8.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Herald Investment Trust was 30.70% per year. The lowest was -14.90% per year. And the median was 11.15% per year.
Back to Basics: PB Ratio
Herald Investment Trust (CHIX:HRIl) PB Ratio Explanation
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.
* 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, Herald Investment Trust'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.
Herald Investment Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Herald Investment Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Herald Investment Trust's PB Ratio falls into.
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.
* 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:
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.
Herald Investment Trust (CHIX:HRIL) has a PB Ratio of 0.80 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Herald Investment Trust and its competitors. This is 15% below median its historical median of 0.94. Over the past decade, Herald Investment Trust's PB Ratio has ranged from 0.58 to 1.27. According to the industry distribution chart, Herald Investment Trust ranks #1150 out of 1603 companies in the Asset Management industry, placing it in the top 71.7%.
Is Herald Investment Trust's PB Ratio too high?
Herald Investment Trust's current PB Ratio of 0.80 is 15% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.27. The Asset Management industry median PB Ratio is 0.96. Herald Investment Trust's value of 0.80 is 16.7% below this industry median. Based on the distribution chart, Herald Investment Trust ranks #1150 out of 1603 companies in the Asset Management industry, which is below the industry midpoint. Overall, Herald Investment Trust has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Herald Investment Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Herald Investment Trust ranks #1150 out of 1603 companies for PB Ratio. This places Herald Investment Trust in the lower half of its industry. The industry median PB Ratio is 0.96. Herald Investment Trust's value of 0.80 is 16.7% below this benchmark. Historically, Herald Investment Trust's own PB Ratio has ranged from 0.58 to 1.27 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.96, Herald Investment Trust has consistently been below 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,603 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Herald Investment Trust's current PB Ratio of 0.80 is 16.7% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Herald Investment Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Herald Investment Trust's current PB Ratio is 0.80, which is 15% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Herald Investment Trust stock overvalued right now?
Herald Investment Trust (CHIX:HRIL) has a current PB Ratio of 0.80. The stock's GF Value™ is £35.99, compared to a current price of £21.60 — trading 40% below its estimated fair value. The current PB Ratio is 0.80, which is 15% below median its 10-year median of 0.94 and 16.7% below the Asset Management industry median of 0.96. Herald Investment Trust's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Herald Investment Trust (CHIX:HRIL), the current PB Ratio is 0.80 as of Jul. 13, 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 Herald Investment Trust (CHIX:HRIL) Overvalued in 2026?
Based on GuruFocus' analysis, Herald Investment Trust stock appears to be undervalued.
The current stock price of £21.60 is trading 40% below its estimated GF Value™ of £35.99.
Key valuation signals for CHIX:HRIL:
PB Ratio: 0.80 (15% below median its 10-year median of 0.94)
GF Value™: £35.99 vs. price of £21.60 (40% below fair value)
Industry Position: 16.7% below the Asset Management median (#1150 of 1603)
No single metric tells the full story. See the CHIX:HRIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Herald Investment Trust PLC is a UK-based investment trust that aims to capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia, and technology on a long-term basis. It focuses on a diversified portfolio that offers long-term growth potential and benchmarks its performance against the technology sector. The trust's investment portfolio includes companies that are in the business of software and computer services, technology hardware and equipment, printing and publishing, industrial sectors, support services, and others. Geographically, investments of the company are spread across the UK, North America, Japan, Asia-Pacific, Europe, the Middle East and Africa. The trust's revenue mainly consists of dividends and interest.
60GF Score
Get the complete analysis for CHIX:HRIL
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