Polar Capital Technology TrustLSE:PCT +0.78%35 PB Ratio is 1.31 as of Jun. 26, 2026, which is 21% above its 10-year median of 1.08. GuruFocus rates LSE:PCT with a GF Score™ of 35/100. The stock has 5 warning signs investors should review. Among 1,607 Asset Management companies, Polar Capital Technology Trust ranks worse than 77.29% on this metric.
The historical rank and industry rank for Polar Capital Technology Trust's PB Ratio or its related term are showing as below:
LSE:PCT'
s PB Ratio Range Over the Past 10 Years
Min: 0.75 Med: 1.08 Max: 2.23
Current: 1.31
During the past 13 years, Polar Capital Technology Trust's highest PB Ratio was 2.23. The lowest was 0.75. And the median was 1.08.
LSE:PCT's PB Ratio is ranked worse than 77.29% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs LSE:PCT: 1.31
During the past 12 months, Polar Capital Technology Trust's average Book Value Per Share Growth Rate was 53.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Polar Capital Technology Trust was 33.60% per year. The lowest was -5.40% per year. And the median was 13.70% per year.
Back to Basics: PB Ratio
Polar Capital Technology Trust (LSE:PCT) 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.
Polar Capital Technology Trust PB Ratio Related Terms
Polar Capital Technology Trust 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, Polar Capital Technology 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.
Polar Capital Technology Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Polar Capital Technology Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Polar Capital Technology Trust's PB Ratio falls into.
Polar Capital Technology 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.
* 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.
Polar Capital Technology Trust (LSE:PCT) has a PB Ratio of 1.31 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 Polar Capital Technology Trust and its competitors. This is 21% above median its historical median of 1.08. Over the past decade, Polar Capital Technology Trust's PB Ratio has ranged from 0.75 to 2.23. According to the industry distribution chart, Polar Capital Technology Trust ranks #1242 out of 1607 companies in the Asset Management industry, placing it in the top 77.3%.
Is Polar Capital Technology Trust's PB Ratio too high?
Polar Capital Technology Trust's current PB Ratio of 1.31 is 21% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.23. The Asset Management industry median PB Ratio is 0.95. Polar Capital Technology Trust's value of 1.31 is 37.9% above this industry median. Based on the distribution chart, Polar Capital Technology Trust ranks #1242 out of 1607 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Polar Capital Technology Trust has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Technology Trust's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Technology Trust ranks #1242 out of 1607 companies for PB Ratio. This places Polar Capital Technology Trust in the lower half of its industry. The industry median PB Ratio is 0.95. Polar Capital Technology Trust's value of 1.31 is 37.9% above this benchmark. Historically, Polar Capital Technology Trust's own PB Ratio has ranged from 0.75 to 2.23 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 0.95, Polar Capital Technology 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 1,607 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. Polar Capital Technology Trust's current PB Ratio of 1.31 is 37.9% 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 Polar Capital Technology 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. Polar Capital Technology Trust's current PB Ratio is 1.31, which is 21% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Capital Technology Trust stock overvalued right now?
Polar Capital Technology Trust (LSE:PCT) has a current PB Ratio of 1.31. The current PB Ratio is 1.31, which is 21% above median its 10-year median of 1.08 and 37.9% above the Asset Management industry median of 0.95. Polar Capital Technology Trust's overall GF Score™ is 35/100 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 Polar Capital Technology Trust (LSE:PCT), the current PB Ratio is 1.31 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.
Polar Capital Technology Trust Business Description
Polar Capital Technology Trust PLC is a UK-based investment trust company. The company has an investment objective to achieve long-term capital growth by investing in a diversified portfolio of technology companies world-wide. Geographically, the company generates investment income from North America, Europe, and the Asia Pacific region. It invests in sectors such as Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and others.
35GF Score
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