North Atlantic Smaller Inv Trust (LSE:NAS) PB Ratio: 0.72 (As of Jun. 26, 2026) — Near Median


LSE:NAS North Atlantic Smaller Companies Inv Trust PLC LSE:NAS
43 GF Score
Price £4.00
! 5 Warning Signs
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What is North Atlantic Smaller Inv Trust PB Ratio?

North Atlantic Smaller Inv Trust LSE:NAS 43 PB Ratio is 0.72 as of Jun. 26, 2026, which is 6% below its 10-year median of 0.77. GuruFocus rates LSE:NAS with a GF Score™ of 43/100. The stock has 5 warning signs investors should review. Among 1,604 Asset Management companies, North Atlantic Smaller Inv Trust ranks better than 77.99% 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 (2026-06-26), North Atlantic Smaller Inv Trust's share price is £4.00. North Atlantic Smaller Inv Trust's Book Value per Share for the quarter that ended in Jan. 2026 was £5.55. Hence, North Atlantic Smaller Inv Trust's PB Ratio of today is 0.72.

The historical rank and industry rank for North Atlantic Smaller Inv Trust's PB Ratio or its related term are showing as below:

LSE:NAS' s PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.77   Max: 0.97
Current: 0.72

During the past 13 years, North Atlantic Smaller Inv Trust's highest PB Ratio was 0.97. The lowest was 0.55. And the median was 0.77.

LSE:NAS's PB Ratio is ranked better than
77.99% of 1604 companies
in the Asset Management industry
Industry Median: 0.95 vs LSE:NAS: 0.72

During the past 12 months, North Atlantic Smaller Inv Trust's average Book Value Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of North Atlantic Smaller Inv Trust was 15.90% per year. The lowest was -9.00% per year. And the median was 8.65% per year.

Back to Basics: PB Ratio


North Atlantic Smaller Inv Trust  (LSE:NAS) 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.


North Atlantic Smaller Inv Trust PB Ratio Related Terms


North Atlantic Smaller Inv Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for North Atlantic Smaller Inv Trust'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.

North Atlantic Smaller Inv Trust PB Ratio Chart

North Atlantic Smaller Inv Trust Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.77 0.72 0.69 0.65

North Atlantic Smaller Inv Trust Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.72 0.78 0.69 0.70 0.65

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

For the Asset Management subindustry, North Atlantic Smaller Inv 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.


North Atlantic Smaller Inv Trust PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North Atlantic Smaller Inv Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where North Atlantic Smaller Inv Trust's PB Ratio falls into.


LSE:NAS
43GF Score
North Atlantic Smaller Companies Inv Trust PLC LSE:NAS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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North Atlantic Smaller Inv 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.

North Atlantic Smaller Inv Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jan. 2026)
=4.00/5.554
=0.72

* 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 0.72 mean?
North Atlantic Smaller Inv Trust (LSE:NAS) has a PB Ratio of 0.72 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on North Atlantic Smaller Inv Trust and its competitors. This is near median its historical median of 0.77. Over the past decade, North Atlantic Smaller Inv Trust's PB Ratio has ranged from 0.55 to 0.97. According to the industry distribution chart, North Atlantic Smaller Inv Trust ranks #353 out of 1604 companies in the Asset Management industry, placing it in the top 22%.
Is North Atlantic Smaller Inv Trust's PB Ratio too high?
North Atlantic Smaller Inv Trust's current PB Ratio of 0.72 is near median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.97. The Asset Management industry median PB Ratio is 0.95. North Atlantic Smaller Inv Trust's value of 0.72 is 24.2% below this industry median. Based on the distribution chart, North Atlantic Smaller Inv Trust ranks #353 out of 1604 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, North Atlantic Smaller Inv Trust has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does North Atlantic Smaller Inv Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, North Atlantic Smaller Inv Trust ranks #353 out of 1604 companies for PB Ratio. This places North Atlantic Smaller Inv Trust in the top 22% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.95. North Atlantic Smaller Inv Trust's value of 0.72 is 24.2% below this benchmark. Historically, North Atlantic Smaller Inv Trust's own PB Ratio has ranged from 0.55 to 0.97 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.95, North Atlantic Smaller Inv 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 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. North Atlantic Smaller Inv Trust's current PB Ratio of 0.72 is 24.2% 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 North Atlantic Smaller Inv 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. North Atlantic Smaller Inv Trust's current PB Ratio is 0.72, which is near median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Atlantic Smaller Inv Trust stock overvalued right now?
North Atlantic Smaller Inv Trust (LSE:NAS) has a current PB Ratio of 0.72. The current PB Ratio is 0.72, which is near median its 10-year median of 0.77 and 24.2% below the Asset Management industry median of 0.95. North Atlantic Smaller Inv Trust's overall GF Score™ is 43/100 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 North Atlantic Smaller Inv Trust (LSE:NAS), the current PB Ratio is 0.72 as of Jun. 26, 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.

North Atlantic Smaller Inv Trust Business Description

Address 6 Stratton Street, Mayfair, London, GBR, W1J 8LD
North Atlantic Smaller Companies Inv Trust PLC is a United Kingdom-based investment trust. The company's objective is to provide capital appreciation through investment in a portfolio of smaller companies mainly based in countries bordering the North Atlantic Ocean. Its only operating segment is the Investment business. The company invests in a diversified range of companies, both quoted and unquoted, on both sides of the Atlantic.
43GF Score

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