The Global Smaller TrustLSE:GSCT -0.31%29 PB Ratio is 1.03 as of Jun. 24, 2026, which is 6% above its 10-year median of 0.97. GuruFocus rates LSE:GSCT with a GF Score™ of 29/100. The stock has 4 warning signs investors should review. Among 1,606 Asset Management companies, The Global Smaller Trust ranks worse than 64.01% on this metric.
The historical rank and industry rank for The Global Smaller Trust's PB Ratio or its related term are showing as below:
LSE:GSCT'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.97 Max: 1.38
Current: 1.03
During the past 13 years, The Global Smaller Trust's highest PB Ratio was 1.38. The lowest was 0.58. And the median was 0.97.
LSE:GSCT's PB Ratio is ranked worse than 64.01% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs LSE:GSCT: 1.03
During the past 12 months, The Global Smaller Trust's average Book Value Per Share Growth Rate was 5.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of The Global Smaller Trust was 22.70% per year. The lowest was -8.60% per year. And the median was 11.20% per year.
Back to Basics: PB Ratio
The Global Smaller Trust (LSE:GSCT) 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.
* 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, The Global Smaller 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.
The Global Smaller Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, The Global Smaller Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where The Global Smaller Trust'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.
The Global Smaller Trust (LSE:GSCT) has a PB Ratio of 1.03 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on The Global Smaller Trust and its competitors. This is near median its historical median of 0.97. Over the past decade, The Global Smaller Trust's PB Ratio has ranged from 0.58 to 1.38. According to the industry distribution chart, The Global Smaller Trust ranks #1028 out of 1606 companies in the Asset Management industry, placing it in the top 64%.
Is The Global Smaller Trust's PB Ratio too high?
The Global Smaller Trust's current PB Ratio of 1.03 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.38. The Asset Management industry median PB Ratio is 0.95. The Global Smaller Trust's value of 1.03 is 8.4% above this industry median. Based on the distribution chart, The Global Smaller Trust ranks #1028 out of 1606 companies in the Asset Management industry, which is below the industry midpoint. Overall, The Global Smaller Trust has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does The Global Smaller Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, The Global Smaller Trust ranks #1028 out of 1606 companies for PB Ratio. This places The Global Smaller Trust in the lower half of its industry. The industry median PB Ratio is 0.95. The Global Smaller Trust's value of 1.03 is 8.4% above this benchmark. Historically, The Global Smaller Trust's own PB Ratio has ranged from 0.58 to 1.38 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.95, The Global Smaller Trust 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 1,606 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. The Global Smaller Trust's current PB Ratio of 1.03 is 8.4% 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 The Global Smaller Trust 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. The Global Smaller Trust's current PB Ratio is 1.03, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Global Smaller Trust stock overvalued right now?
The Global Smaller Trust (LSE:GSCT) has a current PB Ratio of 1.03. The current PB Ratio is 1.03, which is near median its 10-year median of 0.97 and 8.4% above the Asset Management industry median of 0.95. The Global Smaller Trust's overall GF Score™ is 29/100 with 4 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 The Global Smaller Trust (LSE:GSCT), the current PB Ratio is 1.03 as of Jun. 24, 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.
The Global Smaller Companies Trust PLC offers investors access to a broad spread International smaller companies portfolio. Its investment objective is to invest in smaller companies world-wide to secure a high total return. The portfolio consists of individual smaller company investments within the the USA, UK, and European markets, and fund holdings targeting smaller companies in Japan, Asia, Latin America, and other smaller territories.
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