London City EquitiesASX:LCE 68 PB Ratio is 0.97 as of Jun. 29, 2026, which is 3% above its 10-year median of 0.94. GuruFocus rates ASX:LCE with a GF Score™ of 68/100 and a GF Value™ of A$1.08 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,600 Asset Management companies, London City Equities ranks worse than 53% on this metric.
The historical rank and industry rank for London City Equities's PB Ratio or its related term are showing as below:
ASX:LCE'
s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 0.94 Max: 1.27
Current: 0.97
During the past 13 years, London City Equities's highest PB Ratio was 1.27. The lowest was 0.77. And the median was 0.94.
ASX:LCE's PB Ratio is ranked worse than 53% of 1600
companies
in the Asset Management industry
Industry Median: 0.95
vs ASX:LCE: 0.97
During the past 12 months, London City Equities's average Book Value Per Share Growth Rate was 16.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of London City Equities was 42.30% per year. The lowest was -46.10% per year. And the median was 7.20% per year.
Back to Basics: PB Ratio
London City Equities (ASX:LCE) 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.
London City Equities PB Ratio Related Terms
London City Equities PB Ratio Historical Data
* Premium members only.
The historical data trend for London City Equities'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.
For the Asset Management subindustry, London City Equities'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.
London City Equities PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, London City Equities's PB Ratio distribution charts can be found below:
* The bar in red indicates where London City Equities'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.
London City Equities (ASX:LCE) has a PB Ratio of 0.97 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on London City Equities and its competitors. This is near median its historical median of 0.94. Over the past decade, London City Equities' PB Ratio has ranged from 0.77 to 1.27. According to the industry distribution chart, London City Equities ranks #848 out of 1600 companies in the Asset Management industry, placing it in the top 53%.
Is London City Equities' PB Ratio too high?
London City Equities' current PB Ratio of 0.97 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.27. The Asset Management industry median PB Ratio is 0.95. London City Equities' value of 0.97 is 2.1% above this industry median. Based on the distribution chart, London City Equities ranks #848 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, London City Equities has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does London City Equities' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, London City Equities ranks #848 out of 1600 companies for PB Ratio. This places London City Equities in the lower half of its industry. The industry median PB Ratio is 0.95. London City Equities' value of 0.97 is 2.1% above this benchmark. Historically, London City Equities' own PB Ratio has ranged from 0.77 to 1.27 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.95, London City Equities 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. London City Equities's current PB Ratio of 0.97 is 2.1% 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 London City Equities 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. London City Equities's current PB Ratio is 0.97, which is near median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is London City Equities stock overvalued right now?
Based on GuruFocus' analysis, London City Equities (ASX:LCE) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.08, compared to a current price of A$0.85 — trading 21.3% below its estimated fair value. The current PB Ratio is 0.97, which is near median its 10-year median of 0.94 and 2.1% above the Asset Management industry median of 0.95. London City Equities' overall GF Score™ is 68/100 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 London City Equities (ASX:LCE), the current PB Ratio is 0.97 as of Jun. 29, 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 London City Equities (ASX:LCE) Overvalued in 2026?
Based on GuruFocus' analysis, London City Equities stock appears to be undervalued.
The current stock price of A$0.85 is trading 21.3% below its estimated GF Value™ of A$1.08.
GuruFocus considers London City Equities to be Modestly Undervalued.
Key valuation signals for ASX:LCE:
PB Ratio: 0.97 (near median its 10-year median of 0.94)
GF Value™: A$1.08 vs. price of A$0.85 (21.3% below fair value)
Industry Position: 2.1% above the Asset Management median (#848 of 1600)
No single metric tells the full story. See the ASX:LCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
London City Equities Ltd is a holding company engaged in investing in Australian equities with market shares and offering growth. The company focuses on providing shareholders with attractive investment returns over the medium to longer terms by enhancing capital growth and paying dividends that, over time, grow faster than the rate of inflation. Its operating segments are Equity Investment, which is the company's key revenue-generating segment, and Other.
68GF Score
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