Northcoders GroupLSE:CODE 39 PB Ratio is 0.88 as of Jun. 28, 2026, which is 66% below its 10-year median of 2.62. GuruFocus rates LSE:CODE with a GF Score™ of 39/100 and a GF Value™ of £0.97 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 254 Education companies, Northcoders Group ranks better than 63.39% on this metric.
The historical rank and industry rank for Northcoders Group's PB Ratio or its related term are showing as below:
LSE:CODE'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 2.62 Max: 12.1
Current: 0.88
During the past 8 years, Northcoders Group's highest PB Ratio was 12.10. The lowest was 0.47. And the median was 2.62.
LSE:CODE's PB Ratio is ranked better than 63.39% of 254
companies
in the Education industry
Industry Median: 1.375
vs LSE:CODE: 0.88
During the past 12 months, Northcoders Group's average Book Value Per Share Growth Rate was -56.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -21.70% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Northcoders Group was 187.80% per year. The lowest was -21.70% per year. And the median was 73.60% per year.
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.
Northcoders Group PB Ratio Related Terms
Northcoders Group PB Ratio Historical Data
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The historical data trend for Northcoders Group'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 Education & Training Services subindustry, Northcoders Group'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.
Northcoders Group PB Ratio vs Education Industry
For the Education industry and Consumer Defensive sector, Northcoders Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Northcoders Group'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.
Northcoders Group (LSE:CODE) has a PB Ratio of 0.88 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Northcoders Group and its competitors. This is 66% below median its historical median of 2.62. Over the past decade, Northcoders Group's PB Ratio has ranged from 0.47 to 12.10. According to the industry distribution chart, Northcoders Group ranks #93 out of 254 companies in the Education industry, placing it in the top 36.6%.
Is Northcoders Group's PB Ratio too high?
Northcoders Group's current PB Ratio of 0.88 is 66% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 12.10. The Education industry median PB Ratio is 1.38. Northcoders Group's value of 0.88 is 36% below this industry median. Based on the distribution chart, Northcoders Group ranks #93 out of 254 companies in the Education industry, which is above the industry midpoint. Overall, Northcoders Group has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northcoders Group's PB Ratio compare to EDU and TAL?
According to the Education industry distribution chart, Northcoders Group ranks #93 out of 254 companies for PB Ratio. This puts Northcoders Group in the upper half of its industry. The industry median PB Ratio is 1.38. Northcoders Group's value of 0.88 is 36% below this benchmark. Historically, Northcoders Group's own PB Ratio has ranged from 0.47 to 12.10 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.38, Northcoders Group has consistently been below 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 Education company?
The median PB Ratio among Education companies is 1.38, based on 254 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. Northcoders Group's current PB Ratio of 0.88 is 36% below 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 Northcoders Group and its competitors. For the Education industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northcoders Group's current PB Ratio is 0.88, which is 66% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northcoders Group stock overvalued right now?
Based on GuruFocus' analysis, Northcoders Group (LSE:CODE) is currently considered Possible Value Trap. The stock's GF Value™ is £0.97, compared to a current price of £0.26 — trading 73.7% below its estimated fair value. The current PB Ratio is 0.88, which is 66% below median its 10-year median of 2.62 and 36% below the Education industry median of 1.38. Northcoders Group's overall GF Score™ is 39/100 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 Northcoders Group (LSE:CODE), the current PB Ratio is 0.88 as of Jun. 28, 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 Northcoders Group (LSE:CODE) Overvalued in 2026?
Based on GuruFocus' analysis, Northcoders Group stock appears to be undervalued.
The current stock price of £0.26 is trading 73.7% below its estimated GF Value™ of £0.97.
GuruFocus considers Northcoders Group to be Possible Value Trap.
Key valuation signals for LSE:CODE:
PB Ratio: 0.88 (66% below median its 10-year median of 2.62)
GF Value™: £0.97 vs. price of £0.26 (73.7% below fair value)
Industry Position: 36% below the Education median (#93 of 254)
No single metric tells the full story. See the LSE:CODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes bootcamp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.
39GF Score
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