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Develop NorthLSE:DVNO 32 PB Ratio is 0.98 as of Aug. 09, 2026, which is 5% below its 10-year median of 1.03. GuruFocus rates LSE:DVNO with a GF Score™ of 32/100 and a GF Value™ of £0.81 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,598 Asset Management companies, Develop North ranks worse than 53.88% 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 (2026-08-09), Develop North's share price is £0.75. Develop North's Book Value per Share for the quarter that ended in May. 2026 was £0.77. Hence, Develop North's PB Ratio of today is 0.98.
The historical rank and industry rank for Develop North's PB Ratio or its related term are showing as below:
LSE:DVNO'
s PB Ratio Range Over the Past 10 Years
Min: 0.85 Med: 1.03 Max: 1.24
Current: 0.98
During the past 10 years, Develop North's highest PB Ratio was 1.24. The lowest was 0.85. And the median was 1.03.
LSE:DVNO's PB Ratio is ranked worse than 53.88% of 1598
companies
in the Asset Management industry
Industry Median: 0.95
vs LSE:DVNO: 0.98
During the past 12 months, Develop North's average Book Value Per Share Growth Rate was -3.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.70% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Develop North was -0.80% per year. The lowest was -5.10% per year. And the median was -1.90% 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.
Develop North PB Ratio Related Terms
Develop North PB Ratio Historical Data
* Premium members only.
The historical data trend for Develop North'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 Asset Management subindustry, Develop North'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.
Develop North PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Develop North's PB Ratio distribution charts can be found below:
* The bar in red indicates where Develop North'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.
Develop North's PB Ratio for today is calculated as follows:
* 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.
Develop North (LSE:DVNO) has a PB Ratio of 0.98 as of Aug. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Develop North and its competitors. This is near median its historical median of 1.03. Over the past decade, Develop North's PB Ratio has ranged from 0.85 to 1.24. According to the industry distribution chart, Develop North ranks #861 out of 1598 companies in the Asset Management industry, placing it in the top 53.9%.
Is Develop North's PB Ratio too high?
Develop North's current PB Ratio of 0.98 is near median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 1.24. The Asset Management industry median PB Ratio is 0.95. Develop North's value of 0.98 is 3.2% above this industry median. Based on the distribution chart, Develop North ranks #861 out of 1598 companies in the Asset Management industry, which is below the industry midpoint. Overall, Develop North has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Develop North's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Develop North ranks #861 out of 1598 companies for PB Ratio. This places Develop North in the lower half of its industry. The industry median PB Ratio is 0.95. Develop North's value of 0.98 is 3.2% above this benchmark. Historically, Develop North's own PB Ratio has ranged from 0.85 to 1.24 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.95, Develop North 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 1,598 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. Develop North's current PB Ratio of 0.98 is 3.2% 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 Develop North 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. Develop North's current PB Ratio is 0.98, which is near median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop North stock overvalued right now?
Based on GuruFocus' analysis, Develop North (LSE:DVNO) is currently considered Fairly Valued. The stock's GF Value™ is £0.81, compared to a current price of £0.75 — trading 7.4% below its estimated fair value. The current PB Ratio is 0.98, which is near median its 10-year median of 1.03 and 3.2% above the Asset Management industry median of 0.95. Develop North's overall GF Score™ is 32/100 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 Develop North (LSE:DVNO), the current PB Ratio is 0.98 as of Aug. 09, 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 Develop North (LSE:DVNO) Overvalued in 2026?
Based on GuruFocus' analysis, Develop North stock appears to be undervalued.
The current stock price of £0.75 is trading 7.4% below its estimated GF Value™ of £0.81.
GuruFocus considers Develop North to be Fairly Valued.
Key valuation signals for LSE:DVNO:
PB Ratio: 0.98 (near median its 10-year median of 1.03)
GF Value™: £0.81 vs. price of £0.75 (7.4% below fair value)
Industry Position: 3.2% above the Asset Management median (#861 of 1598)
No single metric tells the full story. See the LSE:DVNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term, Its portfolio consists of Apartment Group, Claypath, Dickinson Apartments, St Margaret's Place, Whitley Court, The Millhouse, AM Number Three, Almscliffe, Horizon Middleton Towers, Harrow Living, Jaymac Solutions, Apartment Group, Cutler House Road, Kenley Homes, Horizon Cremation, and Bede Homes.
32GF Score
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