JPMorgan Japanese Investment Trust (LSE:JFJ) PB Ratio: 1.04 (As of Jul. 23, 2026) — Near Median

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LSE:JFJ JPMorgan Japanese Investment Trust PLC LSE:JFJ
41 GF Score
Price £7.91
! 4 Warning Signs
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What is JPMorgan Japanese Investment Trust PB Ratio?

JPMorgan Japanese Investment Trust LSE:JFJ -0.50% 41 PB Ratio is 1.04 as of Jul. 23, 2026, which is 8% above its 10-year median of 0.96. GuruFocus rates LSE:JFJ with a GF Score™ of 41/100. The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, JPMorgan Japanese Investment Trust ranks worse than 62.94% 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 (2026-07-23), JPMorgan Japanese Investment Trust's share price is £7.91. JPMorgan Japanese Investment Trust's Book Value per Share for the quarter that ended in Mar. 2026 was £7.62. Hence, JPMorgan Japanese Investment Trust's PB Ratio of today is 1.04.

Warning Sign:

JPMorgan Japanese Investment Trust PLC stock PB Ratio (=1.03) is close to 5-year high of 1.12.

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

LSE:JFJ' s PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.96   Max: 1.19
Current: 1.03

During the past 13 years, JPMorgan Japanese Investment Trust's highest PB Ratio was 1.19. The lowest was 0.57. And the median was 0.96.

LSE:JFJ's PB Ratio is ranked worse than
62.94% of 1600 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:JFJ: 1.03

During the past 12 months, JPMorgan Japanese Investment Trust's average Book Value Per Share Growth Rate was 22.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 17.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of JPMorgan Japanese Investment Trust was 22.50% per year. The lowest was -14.20% per year. And the median was 9.20% per year.

Back to Basics: PB Ratio


JPMorgan Japanese Investment Trust  (LSE:JFJ) 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 Japanese Investment Trust PB Ratio Related Terms


JPMorgan Japanese Investment Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for JPMorgan Japanese Investment 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 Japanese Investment Trust PB Ratio Chart

JPMorgan Japanese Investment Trust Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.93 0.92 0.91 0.91

JPMorgan Japanese Investment 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 0.92 0.91 0.91 0.91 0.92

LSE:JFJ vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, JPMorgan Japanese 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.


JPMorgan Japanese Investment Trust PB Ratio vs Asset Management Industry

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

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


LSE:JFJ
41GF Score
JPMorgan Japanese Investment Trust PLC LSE:JFJ
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JPMorgan Japanese Investment 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 Japanese Investment Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=7.91/7.624
=1.04

* 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 1.04 mean?
JPMorgan Japanese Investment Trust (LSE:JFJ) has a PB Ratio of 1.04 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on JPMorgan Japanese Investment Trust and its competitors. This is near median its historical median of 0.96. Over the past decade, JPMorgan Japanese Investment Trust's PB Ratio has ranged from 0.57 to 1.19. According to the industry distribution chart, JPMorgan Japanese Investment Trust ranks #1007 out of 1600 companies in the Asset Management industry, placing it in the top 62.9%.
Is JPMorgan Japanese Investment Trust's PB Ratio too high?
JPMorgan Japanese Investment Trust's current PB Ratio of 1.04 is near median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.19. The Asset Management industry median PB Ratio is 0.95. JPMorgan Japanese Investment Trust's value of 1.04 is 9.5% above this industry median. Based on the distribution chart, JPMorgan Japanese Investment Trust ranks #1007 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, JPMorgan Japanese Investment Trust has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Japanese Investment Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan Japanese Investment Trust ranks #1007 out of 1600 companies for PB Ratio. This places JPMorgan Japanese Investment Trust in the lower half of its industry. The industry median PB Ratio is 0.95. JPMorgan Japanese Investment Trust's value of 1.04 is 9.5% above this benchmark. Historically, JPMorgan Japanese Investment Trust's own PB Ratio has ranged from 0.57 to 1.19 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.95, JPMorgan Japanese Investment Trust has consistently been above 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 0.95, 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 Japanese Investment Trust's current PB Ratio of 1.04 is 9.5% above 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 Japanese Investment Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Japanese Investment Trust's current PB Ratio is 1.04, which is near median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan Japanese Investment Trust stock overvalued right now?
JPMorgan Japanese Investment Trust (LSE:JFJ) has a current PB Ratio of 1.04. The current PB Ratio is 1.04, which is near median its 10-year median of 0.96 and 9.5% above the Asset Management industry median of 0.95. JPMorgan Japanese Investment Trust's overall GF Score™ is 41/100 with 4 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 Japanese Investment Trust (LSE:JFJ), the current PB Ratio is 1.04 as of Jul. 23, 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.

JPMorgan Japanese Investment Trust Business Description

Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Japanese Investment Trust PLC is an investment trust with the objective to provide shareholders with capital growth from investment in Japanese companies. The trust considers its benchmark as the Tokyo Stock Exchange First Section Index(TOPIX). The Company is managed with an unconstrained investment approach to deliver a high conviction, high-quality, and growth-focused portfolio, investing in companies of all sizes with the potential to compound earnings over the long term.
41GF Score

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

£7.91
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