What is Mercantile Investment Trust (The) PB Ratio?
Mercantile Investment Trust (The)LSE:MRC +0.73%51 PB Ratio is 0.96 as of Jul. 04, 2026, which is 5% above its 10-year median of 0.91. GuruFocus rates LSE:MRC with a GF Score™ of 51/100 and a GF Value™ of £7.21 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, Mercantile Investment Trust (The) ranks better than 53.06% on this metric.
LSE:MRC'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.91 Max: 1.21
Current: 0.96
During the past 13 years, Mercantile Investment Trust (The)'s highest PB Ratio was 1.21. The lowest was 0.54. And the median was 0.91.
LSE:MRC's PB Ratio is ranked better than 53.06% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs LSE:MRC: 0.96
During the past 12 months, Mercantile Investment Trust (The)'s average Book Value Per Share Growth Rate was 9.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mercantile Investment Trust (The) was 25.60% per year. The lowest was -14.50% per year. And the median was 7.40% per year.
Back to Basics: PB Ratio
Mercantile Investment Trust (The) (LSE:MRC) 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.
Mercantile Investment Trust (The) PB Ratio Related Terms
Mercantile Investment Trust (The) 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.
For the Asset Management subindustry, Mercantile Investment Trust (The)'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.
Mercantile Investment Trust (The) PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mercantile Investment Trust (The)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Mercantile Investment Trust (The)'s PB Ratio falls into.
Mercantile Investment Trust (The) 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.
Mercantile Investment Trust (The) (LSE:MRC) has a PB Ratio of 0.96 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mercantile Investment Trust (The) and its competitors. This is near median its historical median of 0.91. Over the past decade, Mercantile Investment Trust (The)'s PB Ratio has ranged from 0.54 to 1.21. According to the industry distribution chart, Mercantile Investment Trust (The) ranks #751 out of 1600 companies in the Asset Management industry, placing it in the top 46.9%.
Is Mercantile Investment Trust (The)'s PB Ratio too high?
Mercantile Investment Trust (The)'s current PB Ratio of 0.96 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.21. The Asset Management industry median PB Ratio is 0.96. Mercantile Investment Trust (The)'s value of 0.96 is 0% at this industry median. Based on the distribution chart, Mercantile Investment Trust (The) ranks #751 out of 1600 companies in the Asset Management industry, which is above the industry midpoint. Overall, Mercantile Investment Trust (The) has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Investment Trust (The)'s PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Mercantile Investment Trust (The) ranks #751 out of 1600 companies for PB Ratio. This puts Mercantile Investment Trust (The) in the upper half of its industry. The industry median PB Ratio is 0.96. Mercantile Investment Trust (The)'s value of 0.96 is 0% at this benchmark. Historically, Mercantile Investment Trust (The)'s own PB Ratio has ranged from 0.54 to 1.21 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.96, Mercantile Investment Trust (The) has consistently been at 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 0.96, based on 1,600 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. Mercantile Investment Trust (The)'s current PB Ratio of 0.96 is 0% at 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 Mercantile Investment Trust (The) and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Investment Trust (The)'s current PB Ratio is 0.96, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Investment Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Investment Trust (The) (LSE:MRC) is currently considered Significantly Undervalued. The stock's GF Value™ is £7.21, compared to a current price of £2.77 — trading 61.7% below its estimated fair value. The current PB Ratio is 0.96, which is near median its 10-year median of 0.91 and 0% at the Asset Management industry median of 0.96. Mercantile Investment Trust (The)'s overall GF Score™ is 51/100 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 Mercantile Investment Trust (The) (LSE:MRC), the current PB Ratio is 0.96 as of Jul. 04, 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 Mercantile Investment Trust (The) (LSE:MRC) Overvalued in 2026?
Based on GuruFocus' analysis, Mercantile Investment Trust (The) stock appears to be undervalued.
The current stock price of £2.77 is trading 61.7% below its estimated GF Value™ of £7.21.
GuruFocus considers Mercantile Investment Trust (The) to be Significantly Undervalued.
Key valuation signals for LSE:MRC:
PB Ratio: 0.96 (near median its 10-year median of 0.91)
GF Value™: £7.21 vs. price of £2.77 (61.7% below fair value)
Industry Position: 0% at the Asset Management median (#751 of 1600)
No single metric tells the full story. See the LSE:MRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercantile Investment Trust (The) Business Description
Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of securities of companies from various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.
51GF Score
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