Fidelity China Special Situations (LSE:FCSS) PB Ratio: 0.81 (As of Jun. 27, 2026) — 13% Below Median


LSE:FCSS Fidelity China Special Situations PLC LSE:FCSS
41 GF Score
Price £2.47
! 1 Warning Sign
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What is Fidelity China Special Situations PB Ratio?

Fidelity China Special Situations LSE:FCSS +0.82% 41 PB Ratio is 0.81 as of Jun. 27, 2026, which is 13% below its 10-year median of 0.93. GuruFocus rates LSE:FCSS with a GF Score™ of 41/100. The stock has 1 warning sign investors should review. Among 1,604 Asset Management companies, Fidelity China Special Situations ranks better than 73% 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 (2026-06-27), Fidelity China Special Situations's share price is £2.47. Fidelity China Special Situations's Book Value per Share for the quarter that ended in Mar. 2026 was £3.06. Hence, Fidelity China Special Situations's PB Ratio of today is 0.81.

Good Sign:

Fidelity China Special Situations PLC stock PB Ratio (=0.8) is close to 2-year low of 0.76.

The historical rank and industry rank for Fidelity China Special Situations's PB Ratio or its related term are showing as below:

LSE:FCSS' s PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.93   Max: 2.08
Current: 0.81

During the past 13 years, Fidelity China Special Situations's highest PB Ratio was 2.08. The lowest was 0.58. And the median was 0.93.

LSE:FCSS's PB Ratio is ranked better than
73% of 1604 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:FCSS: 0.81

During the past 12 months, Fidelity China Special Situations's average Book Value Per Share Growth Rate was 7.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fidelity China Special Situations was 25.20% per year. The lowest was -19.20% per year. And the median was 5.10% per year.

Back to Basics: PB Ratio


Fidelity China Special Situations  (LSE:FCSS) 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.


Fidelity China Special Situations PB Ratio Related Terms


Fidelity China Special Situations PB Ratio Historical Data

* Premium members only.

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations PB Ratio Chart

Fidelity China Special Situations Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.90 0.90 0.93 0.91

Fidelity China Special Situations Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.90 0.88 0.93 0.92 0.91

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

For the Asset Management subindustry, Fidelity China Special Situations'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.


Fidelity China Special Situations PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Fidelity China Special Situations's PB Ratio distribution charts can be found below:

* The bar in red indicates where Fidelity China Special Situations's PB Ratio falls into.


LSE:FCSS
41GF Score
Fidelity China Special Situations PLC LSE:FCSS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fidelity China Special Situations 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.

Fidelity China Special Situations's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=2.47/3.061
=0.81

* 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 0.81 mean?
Fidelity China Special Situations (LSE:FCSS) has a PB Ratio of 0.81 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fidelity China Special Situations and its competitors. This is 13% below median its historical median of 0.93. Over the past decade, Fidelity China Special Situations' PB Ratio has ranged from 0.58 to 2.08. According to the industry distribution chart, Fidelity China Special Situations ranks #433 out of 1604 companies in the Asset Management industry, placing it in the top 27%.
Is Fidelity China Special Situations' PB Ratio too high?
Fidelity China Special Situations' current PB Ratio of 0.81 is 13% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.08. The Asset Management industry median PB Ratio is 0.95. Fidelity China Special Situations' value of 0.81 is 14.7% below this industry median. Based on the distribution chart, Fidelity China Special Situations ranks #433 out of 1604 companies in the Asset Management industry, which is above the industry midpoint. Overall, Fidelity China Special Situations has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Fidelity China Special Situations' PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Fidelity China Special Situations ranks #433 out of 1604 companies for PB Ratio. This puts Fidelity China Special Situations in the upper half of its industry. The industry median PB Ratio is 0.95. Fidelity China Special Situations' value of 0.81 is 14.7% below this benchmark. Historically, Fidelity China Special Situations' own PB Ratio has ranged from 0.58 to 2.08 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.95, Fidelity China Special Situations 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 Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,604 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. Fidelity China Special Situations's current PB Ratio of 0.81 is 14.7% 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 Fidelity China Special Situations 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. Fidelity China Special Situations's current PB Ratio is 0.81, which is 13% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity China Special Situations stock overvalued right now?
Fidelity China Special Situations (LSE:FCSS) has a current PB Ratio of 0.81. The current PB Ratio is 0.81, which is 13% below median its 10-year median of 0.93 and 14.7% below the Asset Management industry median of 0.95. Fidelity China Special Situations' overall GF Score™ is 41/100 with 1 warning sign 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 Fidelity China Special Situations (LSE:FCSS), the current PB Ratio is 0.81 as of Jun. 27, 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.

Fidelity China Special Situations Business Description

Address Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP
Fidelity China Special Situations PLC offers investors building a diversified portfolio direct exposure to China. The Company's investment objective is to achieve long-term capital growth through an actively managed portfolio mainly comprising securities issued by companies in China, both listed and unlisted, as well as Chinese companies listed elsewhere. The Company may also invest in companies with interests in China. Its portfolio may consist of equities, index-linked securities, equity-linked notes, other debt securities, cash deposits, money market instruments, foreign currency exchange transactions and other interests, including derivatives such as futures, options and contracts for difference.
41GF Score

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