Baillie Gifford US Growth Trust (LSE:USA) PB Ratio: 1.09 (As of Aug. 14, 2026) — Near Median

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LSE:USA Baillie Gifford US Growth Trust PLC LSE:USA
39 GF Score
Price £3.29
! 5 Warning Signs
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What is Baillie Gifford US Growth Trust PB Ratio?

Baillie Gifford US Growth Trust LSE:USA -0.90% 39 PB Ratio is 1.09 as of Aug. 14, 2026, which is 6% above its 10-year median of 1.03. GuruFocus rates LSE:USA with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 1,597 Asset Management companies, Baillie Gifford US Growth Trust ranks worse than 68.32% 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 (2026-08-14), Baillie Gifford US Growth Trust's share price is £3.29. Baillie Gifford US Growth Trust's Book Value per Share for the quarter that ended in Nov. 2025 was £3.02. Hence, Baillie Gifford US Growth Trust's PB Ratio of today is 1.09.

Good Sign:

Baillie Gifford US Growth Trust PLC stock PB Ratio (=1.07) is close to 1-year low of 1.

The historical rank and industry rank for Baillie Gifford US Growth Trust's PB Ratio or its related term are showing as below:

LSE:USA' s PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.03   Max: 2.13
Current: 1.09

During the past 7 years, Baillie Gifford US Growth Trust's highest PB Ratio was 2.13. The lowest was 0.52. And the median was 1.03.

LSE:USA's PB Ratio is ranked worse than
68.32% of 1597 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:USA: 1.09

During the past 12 months, Baillie Gifford US Growth Trust's average Book Value Per Share Growth Rate was 7.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.60% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Baillie Gifford US Growth Trust was 11.40% per year. The lowest was -9.90% per year. And the median was 0.80% per year.

Back to Basics: PB Ratio


Baillie Gifford US Growth Trust  (LSE:USA) 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.


Baillie Gifford US Growth Trust PB Ratio Related Terms


Baillie Gifford US Growth Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for Baillie Gifford US Growth 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.

Baillie Gifford US Growth Trust PB Ratio Chart

Baillie Gifford US Growth Trust Annual Data
Trend May19 May20 May21 May22 May23 May24 May25
PB Ratio
Get a 7-Day Free Trial 1.04 0.88 0.78 0.89 0.91

Baillie Gifford US Growth Trust Semi-Annual Data
Jul18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 0.84 0.89 0.97 0.91 0.94

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

For the Asset Management subindustry, Baillie Gifford US Growth 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.


Baillie Gifford US Growth Trust PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Baillie Gifford US Growth Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Baillie Gifford US Growth Trust's PB Ratio falls into.


LSE:USA
39GF Score
Baillie Gifford US Growth Trust PLC LSE:USA
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Baillie Gifford US Growth 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.

Baillie Gifford US Growth Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Nov. 2025)
=3.29/3.016
=1.09

* 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 1.09 mean?
Baillie Gifford US Growth Trust (LSE:USA) has a PB Ratio of 1.09 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Baillie Gifford US Growth Trust and its competitors. This is near median its historical median of 1.03. Over the past decade, Baillie Gifford US Growth Trust's PB Ratio has ranged from 0.52 to 2.13. According to the industry distribution chart, Baillie Gifford US Growth Trust ranks #1091 out of 1597 companies in the Asset Management industry, placing it in the top 68.3%.
Is Baillie Gifford US Growth Trust's PB Ratio too high?
Baillie Gifford US Growth Trust's current PB Ratio of 1.09 is near median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 2.13. The Asset Management industry median PB Ratio is 0.96. Baillie Gifford US Growth Trust's value of 1.09 is 13.5% above this industry median. Based on the distribution chart, Baillie Gifford US Growth Trust ranks #1091 out of 1597 companies in the Asset Management industry, which is below the industry midpoint. Overall, Baillie Gifford US Growth Trust has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Baillie Gifford US Growth Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Baillie Gifford US Growth Trust ranks #1091 out of 1597 companies for PB Ratio. This places Baillie Gifford US Growth Trust in the lower half of its industry. The industry median PB Ratio is 0.96. Baillie Gifford US Growth Trust's value of 1.09 is 13.5% above this benchmark. Historically, Baillie Gifford US Growth Trust's own PB Ratio has ranged from 0.52 to 2.13 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.96, Baillie Gifford US Growth 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 1,597 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. Baillie Gifford US Growth Trust's current PB Ratio of 1.09 is 13.5% 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 Baillie Gifford US Growth 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. Baillie Gifford US Growth Trust's current PB Ratio is 1.09, which is near median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baillie Gifford US Growth Trust stock overvalued right now?
Baillie Gifford US Growth Trust (LSE:USA) has a current PB Ratio of 1.09. The current PB Ratio is 1.09, which is near median its 10-year median of 1.03 and 13.5% above the Asset Management industry median of 0.96. Baillie Gifford US Growth Trust's overall GF Score™ is 39/100 with 5 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 Baillie Gifford US Growth Trust (LSE:USA), the current PB Ratio is 1.09 as of Aug. 14, 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.

Baillie Gifford US Growth Trust Business Description

Address 3 Street Helen’s Place, London, GBR, EC3A 6AB
Baillie Gifford US Growth Trust PLC is a closed-end company. Its investment objective is to produce long-term capital growth. It seeks to invest predominantly in listed and unlisted US companies. It invests in equities, multi-asset, and fixed income. The company makes its investments either directly, or through one or more wholly owned subsidiary companies, or through investment funds.
39GF Score

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