FNCSF (North American Financial 15 Split) PB Ratio: 1.20 (As of Jun. 26, 2026) — 15% Above Median


FNCSF North American Financial 15 Split Corp FNCSF
36 GF Score
Price $8.08
! 7 Warning Signs
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What is North American Financial 15 Split PB Ratio?

North American Financial 15 Split FNCSF +5.35% 36 PB Ratio is 1.20 as of Jun. 26, 2026, which is 15% above its 10-year median of 1.04. GuruFocus rates FNCSF with a GF Score™ of 36/100. The stock has 7 warning signs investors should review. Among 1,607 Asset Management companies, North American Financial 15 Split ranks worse than 73.06% 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 (2026-06-26), North American Financial 15 Split's share price is $8.08. North American Financial 15 Split's Book Value per Share for the quarter that ended in Nov. 2025 was $6.73. Hence, North American Financial 15 Split's PB Ratio of today is 1.20.

Warning Sign:

North American Financial 15 Split Corp stock PB Ratio (=1.16) is close to 1-year high of 1.16.

The historical rank and industry rank for North American Financial 15 Split's PB Ratio or its related term are showing as below:

FNCSF' s PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.04   Max: 1.97
Current: 1.22

During the past 13 years, North American Financial 15 Split's highest PB Ratio was 1.97. The lowest was 0.36. And the median was 1.04.

FNCSF's PB Ratio is ranked worse than
73.06% of 1607 companies
in the Asset Management industry
Industry Median: 0.95 vs FNCSF: 1.22

During the past 12 months, North American Financial 15 Split's average Book Value Per Share Growth Rate was 14.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 21.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 14.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of North American Financial 15 Split was 47.30% per year. The lowest was -31.60% per year. And the median was -1.00% per year.

Back to Basics: PB Ratio


North American Financial 15 Split  (OTCPK:FNCSF) 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.


North American Financial 15 Split PB Ratio Related Terms


North American Financial 15 Split PB Ratio Historical Data

* Premium members only.

The historical data trend for North American Financial 15 Split'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.

North American Financial 15 Split PB Ratio Chart

North American Financial 15 Split Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 1.11 0.83 0.91 0.90

North American Financial 15 Split Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 1.02 0.91 0.96 0.90

FNCSF vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, North American Financial 15 Split'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.


North American Financial 15 Split PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North American Financial 15 Split's PB Ratio distribution charts can be found below:

* The bar in red indicates where North American Financial 15 Split's PB Ratio falls into.


FNCSF
36GF Score
North American Financial 15 Split Corp FNCSF
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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North American Financial 15 Split 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.

North American Financial 15 Split's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Nov. 2025)
=8.08/6.733
=1.20

* 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 1.20 mean?
North American Financial 15 Split (FNCSF) has a PB Ratio of 1.20 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on North American Financial 15 Split and its competitors. This is 15% above median its historical median of 1.04. Over the past decade, North American Financial 15 Split's PB Ratio has ranged from 0.36 to 1.97. According to the industry distribution chart, North American Financial 15 Split ranks #1174 out of 1607 companies in the Asset Management industry, placing it in the top 73.1%.
Is North American Financial 15 Split's PB Ratio too high?
North American Financial 15 Split's current PB Ratio of 1.20 is 15% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.97. The Asset Management industry median PB Ratio is 0.95. North American Financial 15 Split's value of 1.20 is 26.3% above this industry median. Based on the distribution chart, North American Financial 15 Split ranks #1174 out of 1607 companies in the Asset Management industry, which is below the industry midpoint. Overall, North American Financial 15 Split has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does North American Financial 15 Split's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, North American Financial 15 Split ranks #1174 out of 1607 companies for PB Ratio. This places North American Financial 15 Split in the lower half of its industry. The industry median PB Ratio is 0.95. North American Financial 15 Split's value of 1.20 is 26.3% above this benchmark. Historically, North American Financial 15 Split's own PB Ratio has ranged from 0.36 to 1.97 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.95, North American Financial 15 Split 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 1,607 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. North American Financial 15 Split's current PB Ratio of 1.20 is 26.3% 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 North American Financial 15 Split 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. North American Financial 15 Split's current PB Ratio is 1.20, which is 15% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Financial 15 Split stock overvalued right now?
North American Financial 15 Split (FNCSF) has a current PB Ratio of 1.20. The current PB Ratio is 1.20, which is 15% above median its 10-year median of 1.04 and 26.3% above the Asset Management industry median of 0.95. North American Financial 15 Split's overall GF Score™ is 36/100 with 7 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 North American Financial 15 Split (FNCSF), the current PB Ratio is 1.20 as of Jun. 26, 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.

North American Financial 15 Split Business Description

Address 200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
North American Financial 15 Split Corp is a mutual fund corporation. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.
36GF Score

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$8.08
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