LSE:PCGH's PB Ratio is ranked worse than 71.74% of 1603
companies
in the Asset Management industry
Industry Median: 0.96
vs LSE:PCGH: 1.17
During the past 12 months, Polar Capital Global Healthcare Trust's average Book Value Per Share Growth Rate was 7.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Polar Capital Global Healthcare Trust was 17.40% per year. The lowest was 3.40% per year. And the median was 9.60% per year.
Back to Basics: PB Ratio
Polar Capital Global Healthcare Trust (LSE:PCGH) 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.
Polar Capital Global Healthcare Trust PB Ratio Related Terms
Polar Capital Global Healthcare 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.
Polar Capital Global Healthcare Trust PB Ratio Chart
For the Asset Management subindustry, Polar Capital Global Healthcare 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.
Polar Capital Global Healthcare Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Polar Capital Global Healthcare Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Polar Capital Global Healthcare Trust's PB Ratio falls into.
Polar Capital Global Healthcare 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.
Polar Capital Global Healthcare Trust (LSE:PCGH) has a PB Ratio of 1.17 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Polar Capital Global Healthcare Trust and its competitors. This is 21% above median its historical median of 0.97. Over the past decade, Polar Capital Global Healthcare Trust's PB Ratio has ranged from 0.76 to 1.23. According to the industry distribution chart, Polar Capital Global Healthcare Trust ranks #1150 out of 1603 companies in the Asset Management industry, placing it in the top 71.7%.
Is Polar Capital Global Healthcare Trust's PB Ratio too high?
Polar Capital Global Healthcare Trust's current PB Ratio of 1.17 is 21% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.23. The Asset Management industry median PB Ratio is 0.96. Polar Capital Global Healthcare Trust's value of 1.17 is 21.9% above this industry median. Based on the distribution chart, Polar Capital Global Healthcare Trust ranks #1150 out of 1603 companies in the Asset Management industry, which is below the industry midpoint. Overall, Polar Capital Global Healthcare Trust has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Global Healthcare Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Global Healthcare Trust ranks #1150 out of 1603 companies for PB Ratio. This places Polar Capital Global Healthcare Trust in the lower half of its industry. The industry median PB Ratio is 0.96. Polar Capital Global Healthcare Trust's value of 1.17 is 21.9% above this benchmark. Historically, Polar Capital Global Healthcare Trust's own PB Ratio has ranged from 0.76 to 1.23 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.96, Polar Capital Global Healthcare 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 0.96, 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. Polar Capital Global Healthcare Trust's current PB Ratio of 1.17 is 21.9% 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 Polar Capital Global Healthcare 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. Polar Capital Global Healthcare Trust's current PB Ratio is 1.17, which is 21% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Capital Global Healthcare Trust stock overvalued right now?
Based on GuruFocus' analysis, Polar Capital Global Healthcare Trust (LSE:PCGH) is currently considered Significantly Undervalued. The stock's GF Value™ is £9.07, compared to a current price of £4.43 — trading 51.2% below its estimated fair value. The current PB Ratio is 1.17, which is 21% above median its 10-year median of 0.97 and 21.9% above the Asset Management industry median of 0.96. Polar Capital Global Healthcare Trust's overall GF Score™ is 54/100 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 Polar Capital Global Healthcare Trust (LSE:PCGH), the current PB Ratio is 1.17 as of Jul. 12, 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 Polar Capital Global Healthcare Trust (LSE:PCGH) Overvalued in 2026?
Based on GuruFocus' analysis, Polar Capital Global Healthcare Trust stock appears to be undervalued.
The current stock price of £4.43 is trading 51.2% below its estimated GF Value™ of £9.07.
GuruFocus considers Polar Capital Global Healthcare Trust to be Significantly Undervalued.
Key valuation signals for LSE:PCGH:
PB Ratio: 1.17 (21% above median its 10-year median of 0.97)
GF Value™: £9.07 vs. price of £4.43 (51.2% below fair value)
Industry Position: 21.9% above the Asset Management median (#1150 of 1603)
No single metric tells the full story. See the LSE:PCGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polar Capital Global Healthcare Trust Business Description
Polar Capital Global Healthcare Trust PLC is a United Kingdom-based investment trust company. The company's investment objective is the generation of capital growth through investments in a portfolio of healthcare stocks. The purpose of the company is to provide an investment vehicle for investors which aims to deliver long term capital growth to shareholders from a range of diversified healthcare stocks.
54GF Score
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