Baillie Gifford Japan Trust (The) (LSE:BGFD) PB Ratio: 0.97 (As of Jul. 07, 2026) — Near Median


LSE:BGFD Baillie Gifford Japan Trust (The) PLC LSE:BGFD
40 GF Score
Price £10.18
! 5 Warning Signs
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What is Baillie Gifford Japan Trust (The) PB Ratio?

Baillie Gifford Japan Trust (The) LSE:BGFD +0.39% 40 PB Ratio is 0.97 as of Jul. 07, 2026, which is 2% above its 10-year median of 0.95. GuruFocus rates LSE:BGFD with a GF Score™ of 40/100. The stock has 5 warning signs investors should review. Among 1,603 Asset Management companies, Baillie Gifford Japan Trust (The) ranks better than 51.15% 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 (2026-07-07), Baillie Gifford Japan Trust (The)'s share price is £10.18. Baillie Gifford Japan Trust (The)'s Book Value per Share for the quarter that ended in Feb. 2026 was £10.52. Hence, Baillie Gifford Japan Trust (The)'s PB Ratio of today is 0.97.

Warning Sign:

Baillie Gifford Japan Trust (The) PLC stock PB Ratio (=0.96) is close to 3-year high of 1.06.

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

LSE:BGFD' s PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.95   Max: 1.33
Current: 0.96

During the past 13 years, Baillie Gifford Japan Trust (The)'s highest PB Ratio was 1.33. The lowest was 0.66. And the median was 0.95.

LSE:BGFD's PB Ratio is ranked better than
51.15% of 1603 companies
in the Asset Management industry
Industry Median: 0.96 vs LSE:BGFD: 0.96

During the past 12 months, Baillie Gifford Japan Trust (The)'s average Book Value Per Share Growth Rate was 22.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Baillie Gifford Japan Trust (The) was 25.60% per year. The lowest was -7.90% per year. And the median was 6.60% per year.

Back to Basics: PB Ratio


Baillie Gifford Japan Trust (The)  (LSE:BGFD) 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 Japan Trust (The) PB Ratio Related Terms


Baillie Gifford Japan Trust (The) PB Ratio Historical Data

* Premium members only.

The historical data trend for Baillie Gifford Japan Trust (The)'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 Japan Trust (The) PB Ratio Chart

Baillie Gifford Japan Trust (The) Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.92 0.93 0.88 0.89

Baillie Gifford Japan Trust (The) Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.89 0.88 0.90 0.89 0.90

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

For the Asset Management subindustry, Baillie Gifford Japan Trust (The)'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 Japan Trust (The) PB Ratio vs Asset Management Industry

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

* The bar in red indicates where Baillie Gifford Japan Trust (The)'s PB Ratio falls into.


LSE:BGFD
40GF Score
Baillie Gifford Japan Trust (The) PLC LSE:BGFD
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Baillie Gifford Japan Trust (The) 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 Japan Trust (The)'s PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Feb. 2026)
=10.18/10.519
=0.97

* 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 0.97 mean?
Baillie Gifford Japan Trust (The) (LSE:BGFD) has a PB Ratio of 0.97 as of Jul. 07, 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 Japan Trust (The) and its competitors. This is near median its historical median of 0.95. Over the past decade, Baillie Gifford Japan Trust (The)'s PB Ratio has ranged from 0.66 to 1.33. According to the industry distribution chart, Baillie Gifford Japan Trust (The) ranks #783 out of 1603 companies in the Asset Management industry, placing it in the top 48.8%.
Is Baillie Gifford Japan Trust (The)'s PB Ratio too high?
Baillie Gifford Japan Trust (The)'s current PB Ratio of 0.97 is near median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.33. The Asset Management industry median PB Ratio is 0.96. Baillie Gifford Japan Trust (The)'s value of 0.97 is 1% above this industry median. Based on the distribution chart, Baillie Gifford Japan Trust (The) ranks #783 out of 1603 companies in the Asset Management industry, which is above the industry midpoint. Overall, Baillie Gifford Japan Trust (The) has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Baillie Gifford Japan Trust (The)'s PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Baillie Gifford Japan Trust (The) ranks #783 out of 1603 companies for PB Ratio. This puts Baillie Gifford Japan Trust (The) in the upper half of its industry. The industry median PB Ratio is 0.96. Baillie Gifford Japan Trust (The)'s value of 0.97 is 1% above this benchmark. Historically, Baillie Gifford Japan Trust (The)'s own PB Ratio has ranged from 0.66 to 1.33 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.96, Baillie Gifford Japan Trust (The) 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. Baillie Gifford Japan Trust (The)'s current PB Ratio of 0.97 is 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 Baillie Gifford Japan Trust (The) 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 Japan Trust (The)'s current PB Ratio is 0.97, which is near median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baillie Gifford Japan Trust (The) stock overvalued right now?
Baillie Gifford Japan Trust (The) (LSE:BGFD) has a current PB Ratio of 0.97. The current PB Ratio is 0.97, which is near median its 10-year median of 0.95 and 1% above the Asset Management industry median of 0.96. Baillie Gifford Japan Trust (The)'s overall GF Score™ is 40/100 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 Japan Trust (The) (LSE:BGFD), the current PB Ratio is 0.97 as of Jul. 07, 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 Japan Trust (The) Business Description

Address Calton Square, 1 Greenside Row, Edinburgh, GBR, EH1 3AN
Baillie Gifford Japan Trust (The) PLC is an investment company based in the United Kingdom. The company aims to achieve long-term capital growth principally through investment in medium to smaller-sized Japanese companies, which have above average prospects for growth. It invests in various sectors, such as commerce and services; manufacturing and machinery; electrical and electronics; retail; real estate and construction; information, communication and utilities, chemicals, financials, and pharmaceuticals among others. The company is engaged in a single segment of business, being an investment trust company.
40GF Score

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£10.18
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