Brunner Investment Trust (The)LSE:BUT +0.54%66 PB Ratio is 0.96 as of Jun. 26, 2026, which is 4% above its 10-year median of 0.92. GuruFocus rates LSE:BUT with a GF Score™ of 66/100 and a GF Value™ of £24.43 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,607 Asset Management companies, Brunner Investment Trust (The) ranks worse than 51.15% on this metric.
The historical rank and industry rank for Brunner Investment Trust (The)'s PB Ratio or its related term are showing as below:
LSE:BUT'
s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 0.92 Max: 1.19
Current: 0.97
During the past 13 years, Brunner Investment Trust (The)'s highest PB Ratio was 1.19. The lowest was 0.62. And the median was 0.92.
LSE:BUT's PB Ratio is ranked worse than 51.15% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs LSE:BUT: 0.97
During the past 12 months, Brunner Investment Trust (The)'s average Book Value Per Share Growth Rate was 7.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Brunner Investment Trust (The) was 16.30% per year. The lowest was -7.50% per year. And the median was 7.80% per year.
Back to Basics: PB Ratio
Brunner Investment Trust (The) (LSE:BUT) 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.
Brunner Investment Trust (The) PB Ratio Related Terms
Brunner Investment Trust (The) 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.
For the Asset Management subindustry, Brunner Investment 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.
Brunner Investment Trust (The) PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Brunner Investment Trust (The)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Brunner Investment Trust (The)'s PB Ratio falls into.
Brunner Investment 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.
* 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.
Brunner Investment Trust (The) (LSE:BUT) has a PB Ratio of 0.96 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 Brunner Investment Trust (The) and its competitors. This is near median its historical median of 0.92. Over the past decade, Brunner Investment Trust (The)'s PB Ratio has ranged from 0.62 to 1.19. According to the industry distribution chart, Brunner Investment Trust (The) ranks #822 out of 1607 companies in the Asset Management industry, placing it in the top 51.2%.
Is Brunner Investment Trust (The)'s PB Ratio too high?
Brunner Investment Trust (The)'s current PB Ratio of 0.96 is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.19. The Asset Management industry median PB Ratio is 0.95. Brunner Investment Trust (The)'s value of 0.96 is 1.1% above this industry median. Based on the distribution chart, Brunner Investment Trust (The) ranks #822 out of 1607 companies in the Asset Management industry, which is below the industry midpoint. Overall, Brunner Investment Trust (The) has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brunner Investment Trust (The)'s PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Brunner Investment Trust (The) ranks #822 out of 1607 companies for PB Ratio. This places Brunner Investment Trust (The) in the lower half of its industry. The industry median PB Ratio is 0.95. Brunner Investment Trust (The)'s value of 0.96 is 1.1% above this benchmark. Historically, Brunner Investment Trust (The)'s own PB Ratio has ranged from 0.62 to 1.19 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.95, Brunner Investment 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 0.95, 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. Brunner Investment Trust (The)'s current PB Ratio of 0.96 is 1.1% 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 Brunner Investment Trust (The) 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. Brunner Investment Trust (The)'s current PB Ratio is 0.96, which is near median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brunner Investment Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, Brunner Investment Trust (The) (LSE:BUT) is currently considered Significantly Undervalued. The stock's GF Value™ is £24.43, compared to a current price of £14.88 — trading 39.1% below its estimated fair value. The current PB Ratio is 0.96, which is near median its 10-year median of 0.92 and 1.1% above the Asset Management industry median of 0.95. Brunner Investment Trust (The)'s overall GF Score™ is 66/100 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 Brunner Investment Trust (The) (LSE:BUT), the current PB Ratio is 0.96 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.
Is Brunner Investment Trust (The) (LSE:BUT) Overvalued in 2026?
Based on GuruFocus' analysis, Brunner Investment Trust (The) stock appears to be undervalued.
The current stock price of £14.88 is trading 39.1% below its estimated GF Value™ of £24.43.
GuruFocus considers Brunner Investment Trust (The) to be Significantly Undervalued.
Key valuation signals for LSE:BUT:
PB Ratio: 0.96 (near median its 10-year median of 0.92)
GF Value™: £24.43 vs. price of £14.88 (39.1% below fair value)
Industry Position: 1.1% above the Asset Management median (#822 of 1607)
No single metric tells the full story. See the LSE:BUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brunner Investment Trust (The) Business Description
Brunner Investment Trust (The) PLC is a United Kingdom-based investment trust. It aims to provide growth in capital value and dividends over the long term by investing in UK securities and international securities. The benchmark against which performance is measured is 70% FTSE World ex-UK Index and 30% FTSE All-Share Index. Its portfolio consists of securities from Industrials, Financials, Communication Services, Utilities, Health Care, Energy, and other industries.
66GF Score
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