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Mercia Asset ManagementLSE:MERC 56 PB Ratio is 0.65 as of Jul. 17, 2026, which is 12% below its 10-year median of 0.74. GuruFocus rates LSE:MERC with a GF Score™ of 56/100 and a GF Value™ of £0.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,600 Asset Management companies, Mercia Asset Management ranks better than 82.56% on this metric.
The historical rank and industry rank for Mercia Asset Management's PB Ratio or its related term are showing as below:
LSE:MERC'
s PB Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.74 Max: 1.48
Current: 0.65
During the past 13 years, Mercia Asset Management's highest PB Ratio was 1.48. The lowest was 0.35. And the median was 0.74.
LSE:MERC's PB Ratio is ranked better than 82.56% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs LSE:MERC: 0.65
During the past 12 months, Mercia Asset Management's average Book Value Per Share Growth Rate was -6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mercia Asset Management was 639.30% per year. The lowest was -7.40% per year. And the median was 2.50% per year.
Back to Basics: PB Ratio
Mercia Asset Management (LSE:MERC) 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, Mercia Asset Management'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.
Mercia Asset Management PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mercia Asset Management's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mercia Asset Management'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.
Mercia Asset Management (LSE:MERC) has a PB Ratio of 0.65 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 Mercia Asset Management and its competitors. This is 12% below median its historical median of 0.74. Over the past decade, Mercia Asset Management's PB Ratio has ranged from 0.35 to 1.48. According to the industry distribution chart, Mercia Asset Management ranks #279 out of 1600 companies in the Asset Management industry, placing it in the top 17.4%.
Is Mercia Asset Management's PB Ratio too high?
Mercia Asset Management's current PB Ratio of 0.65 is 12% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.48. The Asset Management industry median PB Ratio is 0.96. Mercia Asset Management's value of 0.65 is 32.3% below this industry median. Based on the distribution chart, Mercia Asset Management ranks #279 out of 1600 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Mercia Asset Management has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercia Asset Management's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Mercia Asset Management ranks #279 out of 1600 companies for PB Ratio. This places Mercia Asset Management in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. Mercia Asset Management's value of 0.65 is 32.3% below this benchmark. Historically, Mercia Asset Management's own PB Ratio has ranged from 0.35 to 1.48 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.96, Mercia Asset Management 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. Mercia Asset Management's current PB Ratio of 0.65 is 32.3% 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 Mercia Asset Management 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. Mercia Asset Management's current PB Ratio is 0.65, which is 12% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercia Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Mercia Asset Management (LSE:MERC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.33, compared to a current price of £0.27 — trading 19.7% below its estimated fair value. The current PB Ratio is 0.65, which is 12% below median its 10-year median of 0.74 and 32.3% below the Asset Management industry median of 0.96. Mercia Asset Management's overall GF Score™ is 56/100 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 Mercia Asset Management (LSE:MERC), the current PB Ratio is 0.65 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 Mercia Asset Management (LSE:MERC) Overvalued in 2026?
Based on GuruFocus' analysis, Mercia Asset Management stock appears to be undervalued.
The current stock price of £0.27 is trading 19.7% below its estimated GF Value™ of £0.33.
GuruFocus considers Mercia Asset Management to be Modestly Undervalued.
Key valuation signals for LSE:MERC:
PB Ratio: 0.65 (12% below median its 10-year median of 0.74)
GF Value™: £0.33 vs. price of £0.27 (19.7% below fair value)
Industry Position: 32.3% below the Asset Management median (#279 of 1600)
No single metric tells the full story. See the LSE:MERC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercia Asset Management PLC is a specialist asset manager focusing on supporting regional SMEs. The company provides capital across its four asset classes proprietary balance sheet capital, venture capital, private equity, and debt. The company initially nurtures businesses via its third-party funds under management and then, over time, provides further funding to the companies by deploying direct investment follow-on capital from its balance sheet. It has more than eight offices in the UK region, approx. 20 university partnerships and extensive personal networks, providing it with access to high-quality deal flow.
56GF Score
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