During the past 12 months, Downing Renewables & Infrastructure Trust's average Book Value Per Share Growth Rate was -5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Downing Renewables & Infrastructure Trust was 4.10% per year. The lowest was 4.10% per year. And the median was 4.10% per year.
Back to Basics: PB Ratio
Downing Renewables & Infrastructure Trust (LSE:DORE) 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.
Downing Renewables & Infrastructure Trust PB Ratio Related Terms
Downing Renewables & Infrastructure Trust 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.
Downing Renewables & Infrastructure Trust PB Ratio Chart
Downing Renewables & Infrastructure Trust Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
PB Ratio
1.00
0.96
0.76
0.66
Downing Renewables & Infrastructure Trust Semi-Annual Data
For the Utilities - Renewable subindustry, Downing Renewables & Infrastructure Trust'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.
Downing Renewables & Infrastructure Trust PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Downing Renewables & Infrastructure Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Downing Renewables & Infrastructure Trust's PB Ratio falls into.
Downing Renewables & Infrastructure Trust 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.
Downing Renewables & Infrastructure Trust (LSE:DORE) has a PB Ratio of 0.92 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Downing Renewables & Infrastructure Trust and its competitors. This is 15% above median its historical median of 0.80. Over the past decade, Downing Renewables & Infrastructure Trust's PB Ratio has ranged from 0.62 to 1.15.
Is Downing Renewables & Infrastructure Trust's PB Ratio too high?
Downing Renewables & Infrastructure Trust's current PB Ratio of 0.92 is 15% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.15. The Utilities - Independent Power Producers industry median PB Ratio is 1.34. Downing Renewables & Infrastructure Trust's value of 0.92 is 31.1% below this industry median. Overall, Downing Renewables & Infrastructure Trust has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Downing Renewables & Infrastructure Trust's PB Ratio compare to CEG?
Downing Renewables & Infrastructure Trust's PB Ratio of 0.92 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median PB Ratio is 1.34. Downing Renewables & Infrastructure Trust's value of 0.92 is 31.1% below this benchmark. Historically, Downing Renewables & Infrastructure Trust's own PB Ratio has ranged from 0.62 to 1.15 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.34, Downing Renewables & Infrastructure Trust 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 Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.34, based on 430 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. Downing Renewables & Infrastructure Trust's current PB Ratio of 0.92 is 31.1% 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 Downing Renewables & Infrastructure Trust and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Downing Renewables & Infrastructure Trust's current PB Ratio is 0.92, which is 15% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Downing Renewables & Infrastructure Trust stock overvalued right now?
Downing Renewables & Infrastructure Trust (LSE:DORE) has a current PB Ratio of 0.92. The stock's GF Value™ is £0.24, compared to a current price of £1.02 — trading 325% above its estimated fair value. The current PB Ratio is 0.92, which is 15% above median its 10-year median of 0.80 and 31.1% below the Utilities - Independent Power Producers industry median of 1.34. Downing Renewables & Infrastructure Trust's overall GF Score™ is 20/100 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 Downing Renewables & Infrastructure Trust (LSE:DORE), the current PB Ratio is 0.92 as of Jul. 05, 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 Downing Renewables & Infrastructure Trust (LSE:DORE) Overvalued in 2026?
Based on GuruFocus' analysis, Downing Renewables & Infrastructure Trust stock appears to be overvalued.
The current stock price of £1.02 is trading 325% above its estimated GF Value™ of £0.24.
Key valuation signals for LSE:DORE:
PB Ratio: 0.92 (15% above median its 10-year median of 0.80)
GF Value™: £0.24 vs. price of £1.02 (325% above fair value)
Industry Position: 31.1% below the Utilities - Independent Power Producers median
No single metric tells the full story. See the LSE:DORE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Downing Renewables & Infrastructure Trust Business Description
Downing Renewables & Infrastructure Trust PLC is a closed-end asset management company. The group is designed to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK, Ireland, and Northern Europe. It focuses on diversification by geography, technology, revenue, and project stage, and is designed to deliver stability of revenues and consistency of income to shareholders. The sustainable Investment objective of the Company is to accelerate the transition to net zero through its investments, compiling and operating a diversified portfolio of renewable energy and infrastructure assets to help facilitate the transition to a more sustainable future.
20GF Score
Get the complete analysis for LSE:DORE
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:DORE has been successfully added to your 