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LSE:MNL's PB Ratio is ranked better than 52.03% of 1601
companies
in the Asset Management industry
Industry Median: 0.95
vs LSE:MNL: 0.95
During the past 12 months, Manchester & London Investment Trust's average Book Value Per Share Growth Rate was 19.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Manchester & London Investment Trust was 29.80% per year. The lowest was -12.50% per year. And the median was 0.80% per year.
Back to Basics: PB Ratio
Manchester & London Investment Trust (LSE:MNL) 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.
Manchester & London Investment Trust PB Ratio Related Terms
Manchester & London Investment Trust PB Ratio 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.
Manchester & London Investment Trust PB Ratio Chart
For the Asset Management subindustry, Manchester & London 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.
Manchester & London Investment Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Manchester & London Investment Trust's PB Ratio falls into.
Manchester & London 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.
* 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.
Manchester & London Investment Trust (LSE:MNL) has a PB Ratio of 0.95 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Manchester & London Investment Trust and its competitors. This is near median its historical median of 0.90. Over the past decade, Manchester & London Investment Trust's PB Ratio has ranged from 0.50 to 1.52. According to the industry distribution chart, Manchester & London Investment Trust ranks #768 out of 1601 companies in the Asset Management industry, placing it in the top 48%.
Is Manchester & London Investment Trust's PB Ratio too high?
Manchester & London Investment Trust's current PB Ratio of 0.95 is near median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.52. The Asset Management industry median PB Ratio is 0.95. Manchester & London Investment Trust's value of 0.95 is 0% at this industry median. Based on the distribution chart, Manchester & London Investment Trust ranks #768 out of 1601 companies in the Asset Management industry, which is above the industry midpoint. Overall, Manchester & London Investment Trust has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester & London Investment Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Manchester & London Investment Trust ranks #768 out of 1601 companies for PB Ratio. This puts Manchester & London Investment Trust in the upper half of its industry. The industry median PB Ratio is 0.95. Manchester & London Investment Trust's value of 0.95 is 0% at this benchmark. Historically, Manchester & London Investment Trust's own PB Ratio has ranged from 0.50 to 1.52 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.95, Manchester & London Investment Trust has consistently been at 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 1,601 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. Manchester & London Investment Trust's current PB Ratio of 0.95 is 0% at 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 Manchester & London 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. Manchester & London Investment Trust's current PB Ratio is 0.95, which is near median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester & London Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Manchester & London Investment Trust (LSE:MNL) is currently considered Significantly Overvalued. The stock's GF Value™ is £5.83, compared to a current price of £9.96 — trading 70.8% above its estimated fair value. The current PB Ratio is 0.95, which is near median its 10-year median of 0.90 and 0% at the Asset Management industry median of 0.95. Manchester & London Investment Trust's overall GF Score™ is 50/100 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 Manchester & London Investment Trust (LSE:MNL), the current PB Ratio is 0.95 as of Jul. 20, 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 Manchester & London Investment Trust (LSE:MNL) Overvalued in 2026?
Based on GuruFocus' analysis, Manchester & London Investment Trust stock appears to be overvalued.
The current stock price of £9.96 is trading 70.8% above its estimated GF Value™ of £5.83.
GuruFocus considers Manchester & London Investment Trust to be Significantly Overvalued.
Key valuation signals for LSE:MNL:
PB Ratio: 0.95 (near median its 10-year median of 0.90)
GF Value™: £5.83 vs. price of £9.96 (70.8% above fair value)
Industry Position: 0% at the Asset Management median (#768 of 1601)
No single metric tells the full story. See the LSE:MNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manchester & London Investment Trust Business Description
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.
50GF Score
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