JPMorgan European Discovery Trust (CHIX:JEDTL) PB Ratio: 0.70 (As of Jul. 17, 2026) — 25% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:JEDTL JPMorgan European Discovery Trust PLC CHIX:JEDTL
56 GF Score
Price £4.42
GF Value £14.51
! 3 Warning Signs
View Full Analysis

What is JPMorgan European Discovery Trust PB Ratio?

JPMorgan European Discovery Trust CHIX:JEDTL 56 PB Ratio is 0.70 as of Jul. 17, 2026, which is 25% below its 10-year median of 0.93. GuruFocus rates CHIX:JEDTL with a GF Score™ of 56/100 and a GF Value™ of £14.51. The stock has 3 warning signs investors should review. Among 1,600 Asset Management companies, JPMorgan European Discovery Trust ranks worse than 55.5% on this metric.

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 (2026-07-17), JPMorgan European Discovery Trust's share price is £4.42. JPMorgan European Discovery Trust's Book Value per Share for the quarter that ended in Mar. 2026 was £6.32. Hence, JPMorgan European Discovery Trust's PB Ratio of today is 0.70.

Good Sign:

JPMorgan European Discovery Trust PLC stock PB Ratio (=0.98) is close to 1-year low of 0.93.

The historical rank and industry rank for JPMorgan European Discovery Trust's PB Ratio or its related term are showing as below:

CHIX:JEDTl' s PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.93   Max: 1.51
Current: 0.98

During the past 13 years, JPMorgan European Discovery Trust's highest PB Ratio was 1.51. The lowest was 0.59. And the median was 0.93.

CHIX:JEDTl's PB Ratio is ranked worse than
55.5% of 1600 companies
in the Asset Management industry
Industry Median: 0.96 vs CHIX:JEDTl: 0.98

During the past 12 months, JPMorgan European Discovery Trust's average Book Value Per Share Growth Rate was 20.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of JPMorgan European Discovery Trust was 43.30% per year. The lowest was -6.80% per year. And the median was 9.25% per year.

Back to Basics: PB Ratio


JPMorgan European Discovery Trust  (CHIX:JEDTl) 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.


JPMorgan European Discovery Trust PB Ratio Related Terms


JPMorgan European Discovery Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for JPMorgan European Discovery Trust'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.

JPMorgan European Discovery Trust PB Ratio Chart

JPMorgan European Discovery Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.85 0.89 0.84 0.70

JPMorgan European Discovery Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.91 0.84 0.71 0.70

CHIX:JEDTL vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, JPMorgan European Discovery 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.


JPMorgan European Discovery Trust PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan European Discovery Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan European Discovery Trust's PB Ratio falls into.


CHIX:JEDTL
56GF Score
JPMorgan European Discovery Trust PLC CHIX:JEDTL
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JPMorgan European Discovery Trust 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.

JPMorgan European Discovery Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=4.42/6.321
=0.70

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.70 mean?
JPMorgan European Discovery Trust (CHIX:JEDTL) has a PB Ratio of 0.70 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on JPMorgan European Discovery Trust and its competitors. This is 25% below median its historical median of 0.93. Over the past decade, JPMorgan European Discovery Trust's PB Ratio has ranged from 0.59 to 1.51. According to the industry distribution chart, JPMorgan European Discovery Trust ranks #888 out of 1600 companies in the Asset Management industry, placing it in the top 55.5%.
Is JPMorgan European Discovery Trust's PB Ratio too high?
JPMorgan European Discovery Trust's current PB Ratio of 0.70 is 25% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.51. The Asset Management industry median PB Ratio is 0.96. JPMorgan European Discovery Trust's value of 0.70 is 27.1% below this industry median. Based on the distribution chart, JPMorgan European Discovery Trust ranks #888 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, JPMorgan European Discovery Trust has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan European Discovery Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan European Discovery Trust ranks #888 out of 1600 companies for PB Ratio. This places JPMorgan European Discovery Trust in the lower half of its industry. The industry median PB Ratio is 0.96. JPMorgan European Discovery Trust's value of 0.70 is 27.1% below this benchmark. Historically, JPMorgan European Discovery Trust's own PB Ratio has ranged from 0.59 to 1.51 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.96, JPMorgan European Discovery 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 1,600 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. JPMorgan European Discovery Trust's current PB Ratio of 0.70 is 27.1% 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 JPMorgan European Discovery 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. JPMorgan European Discovery Trust's current PB Ratio is 0.70, which is 25% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan European Discovery Trust stock overvalued right now?
JPMorgan European Discovery Trust (CHIX:JEDTL) has a current PB Ratio of 0.70. The stock's GF Value™ is £14.51, compared to a current price of £4.42 — trading 69.5% below its estimated fair value. The current PB Ratio is 0.70, which is 25% below median its 10-year median of 0.93 and 27.1% below the Asset Management industry median of 0.96. JPMorgan European Discovery Trust's overall GF Score™ is 56/100 with 3 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 JPMorgan European Discovery Trust (CHIX:JEDTL), the current PB Ratio is 0.70 as of Jul. 17, 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 JPMorgan European Discovery Trust (CHIX:JEDTL) Overvalued in 2026?

Based on GuruFocus' analysis, JPMorgan European Discovery Trust stock appears to be undervalued. The current stock price of £4.42 is trading 69.5% below its estimated GF Value™ of £14.51.

Key valuation signals for CHIX:JEDTL:

  • PB Ratio: 0.70 (25% below median its 10-year median of 0.93)
  • GF Value™: £14.51 vs. price of £4.42 (69.5% below fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 27.1% below the Asset Management median (#888 of 1600)

No single metric tells the full story. See the CHIX:JEDTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JPMorgan European Discovery Trust Business Description

Other Exchanges JEDT:UK
Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan European Discovery Trust PLC is an investment trust company. Its investment objective is to achieve capital growth by investing in a portfolio of smaller continental European companies. It is engaged in a single segment of investment business, being investment in smaller Continental European listed companies. Geographically its investments are in France, Germany, Italy, Sweden, Norway, Denmark, Spain, Austria, Switzerland, Ireland, Belgium, Netherlands, Portugal, and Finland.
56GF Score

Get the complete analysis for CHIX:JEDTL

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£4.42
Price
£14.51
GF Value