Tandem Group (LSE:TND) PB Ratio: 0.38 (As of Aug. 28, 2026) — 38% Below Median

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LSE:TND Tandem Group PLC LSE:TND
56 GF Score
Price £1.80
GF Value £1.98
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Tandem Group PB Ratio?

Tandem Group LSE:TND 56 PB Ratio is 0.38 as of Aug. 28, 2026, which is 38% below its 10-year median of 0.61. GuruFocus rates LSE:TND with a GF Score™ of 56/100 and a GF Value™ of £1.98 (Fairly Valued). The stock has 5 warning signs investors should review. Among 790 Travel & Leisure companies, Tandem Group ranks better than 88.73% 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 (2026-08-28), Tandem Group's share price is £1.80. Tandem Group's Book Value per Share for the quarter that ended in Dec. 2025 was £4.73. Hence, Tandem Group's PB Ratio of today is 0.38.

The historical rank and industry rank for Tandem Group's PB Ratio or its related term are showing as below:

LSE:TND' s PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.61   Max: 2.05
Current: 0.38

During the past 13 years, Tandem Group's highest PB Ratio was 2.05. The lowest was 0.25. And the median was 0.61.

LSE:TND's PB Ratio is ranked better than
88.73% of 790 companies
in the Travel & Leisure industry
Industry Median: 1.51 vs LSE:TND: 0.38

During the past 12 months, Tandem Group's average Book Value Per Share Growth Rate was 8.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tandem Group was 66.70% per year. The lowest was -46.10% per year. And the median was 4.10% per year.

Back to Basics: PB Ratio


Tandem Group  (LSE:TND) 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.


Tandem Group PB Ratio Related Terms


Tandem Group PB Ratio Historical Data

* Premium members only.

The historical data trend for Tandem Group'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.

Tandem Group PB Ratio Chart

Tandem Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.33 0.53 0.33 0.37 0.37

Tandem Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.33 0.38 0.37 0.44 0.37

LSE:TND vs AS, HAS, LTH: PB Ratio Comparison

For the Leisure subindustry, Tandem Group'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.


Tandem Group PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tandem Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tandem Group's PB Ratio falls into.


LSE:TND
56GF Score
Tandem Group PLC LSE:TND
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandem Group 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.

Tandem Group's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=1.80/4.728
=0.38

* 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 0.38 mean?
Tandem Group (LSE:TND) has a PB Ratio of 0.38 as of Aug. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tandem Group and its competitors. This is 38% below median its historical median of 0.61. Over the past decade, Tandem Group's PB Ratio has ranged from 0.25 to 2.05. According to the industry distribution chart, Tandem Group ranks #89 out of 790 companies in the Travel & Leisure industry, placing it in the top 11.3%.
Is Tandem Group's PB Ratio too high?
Tandem Group's current PB Ratio of 0.38 is 38% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 2.05. The Travel & Leisure industry median PB Ratio is 1.51. Tandem Group's value of 0.38 is 74.8% below this industry median. Based on the distribution chart, Tandem Group ranks #89 out of 790 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Tandem Group has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tandem Group's PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Tandem Group ranks #89 out of 790 companies for PB Ratio. This places Tandem Group in the top 11% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.51. Tandem Group's value of 0.38 is 74.8% below this benchmark. Historically, Tandem Group's own PB Ratio has ranged from 0.25 to 2.05 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.51, Tandem Group 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 a Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.51, based on 790 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. Tandem Group's current PB Ratio of 0.38 is 74.8% 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 Tandem Group and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandem Group's current PB Ratio is 0.38, which is 38% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandem Group stock overvalued right now?
Based on GuruFocus' analysis, Tandem Group (LSE:TND) is currently considered Fairly Valued. The stock's GF Value™ is £1.98, compared to a current price of £1.80 — trading 9.1% below its estimated fair value. The current PB Ratio is 0.38, which is 38% below median its 10-year median of 0.61 and 74.8% below the Travel & Leisure industry median of 1.51. Tandem Group's overall GF Score™ is 56/100 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 Tandem Group (LSE:TND), the current PB Ratio is 0.38 as of Aug. 28, 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 Tandem Group (LSE:TND) Overvalued in 2026?

Based on GuruFocus' analysis, Tandem Group stock appears to be undervalued. The current stock price of £1.80 is trading 9.1% below its estimated GF Value™ of £1.98. GuruFocus considers Tandem Group to be Fairly Valued.

Key valuation signals for LSE:TND:

  • PB Ratio: 0.38 (38% below median its 10-year median of 0.61)
  • GF Value™: £1.98 vs. price of £1.80 (9.1% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 74.8% below the Travel & Leisure median (#89 of 790)

No single metric tells the full story. See the LSE:TND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tandem Group Business Description

Address 35 Tameside Drive, Castle Bromwich, Birmingham, GBR, B35 7AG
Tandem Group PLC is a designer, developer, distributor, and retailer of sports, leisure, and mobility products. Its products include bicycles and accessories, football training equipment, garden and camping, homewares and household appliances, mobility, outdoor play, snooker, pool and table sports, wheeled toys, and golf equipment, which are sold under various brands including Boss, Exile, Scorpion, Carpzone, Kickmaster, Windbar, Airwave, Disney, Shopkins, and Trolls. It has four segments: Toys, Sports & Leisure, Bicycles, including electric, Golf, and Home & Garden. The majority of its revenue comes from the Toys, Sports & Leisure segment. Geographically, the company generates maximum revenue from the United Kingdom, followed by Europe and the Rest of the World.
56GF Score

Get the complete analysis for LSE:TND

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.80
Price
£1.98
GF Value