NextNXGPF 85 PB Ratio is 10.27 as of Jun. 30, 2026, which is 17% below its 10-year median of 12.41. GuruFocus rates NXGPF with a GF Score™ of 85/100 and a GF Value™ of $166.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,072 Retail - Cyclical companies, Next ranks worse than 93.47% 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 (2026-06-30), Next's share price is $197.60. Next's Book Value per Share for the quarter that ended in Jan. 2026 was $19.24. Hence, Next's PB Ratio of today is 10.27.
Warning Sign:
Next PLC stock PB Ratio (=10.28) is close to 3-year high of 10.29.
The historical rank and industry rank for Next's PB Ratio or its related term are showing as below:
NXGPF'
s PB Ratio Range Over the Past 10 Years
Min: 5.86 Med: 12.41 Max: 27.52
Current: 10.28
During the past 13 years, Next's highest PB Ratio was 27.52. The lowest was 5.86. And the median was 12.41.
NXGPF's PB Ratio is ranked worse than 93.47% of 1072
companies
in the Retail - Cyclical industry
Industry Median: 1.46
vs NXGPF: 10.28
During the past 12 months, Next's average Book Value Per Share Growth Rate was 2.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 23.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 22.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Next was 42.30% per year. The lowest was -26.70% per year. And the median was 13.00% per year.
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.
Next PB Ratio Related Terms
Next PB Ratio Historical Data
* Premium members only.
The historical data trend for Next'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.
For the Apparel Retail subindustry, Next'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.
Next PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's PB Ratio distribution charts can be found below:
* The bar in red indicates where Next'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.
Next's PB Ratio for today is calculated as follows:
* 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.
Next (NXGPF) has a PB Ratio of 10.27 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Next and its competitors. This is 17% below median its historical median of 12.41. Over the past decade, Next's PB Ratio has ranged from 5.86 to 27.52. According to the industry distribution chart, Next ranks #1002 out of 1072 companies in the Retail - Cyclical industry, placing it in the top 93.5%.
Is Next's PB Ratio too high?
Next's current PB Ratio of 10.27 is 17% below median its 10-year median of 12.41. Over the past 10 years, this metric has ranged from a low of 5.86 to a high of 27.52. The Retail - Cyclical industry median PB Ratio is 1.46. Next's value of 10.27 is 603.4% above this industry median. Based on the distribution chart, Next ranks #1002 out of 1072 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Next has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #1002 out of 1072 companies for PB Ratio. This places Next in the lower half of its industry. The industry median PB Ratio is 1.46. Next's value of 10.27 is 603.4% above this benchmark. Historically, Next's own PB Ratio has ranged from 5.86 to 27.52 over the past decade. While the company's 10-year median is 12.41 vs. the industry median of 1.46, Next 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 a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.46, based on 1,072 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. Next's current PB Ratio of 10.27 is 603.4% 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 Next and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current PB Ratio is 10.27, which is 17% below median its own 10-year median of 12.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $166.27, compared to a current price of $197.60 — trading 18.8% above its estimated fair value. The current PB Ratio is 10.27, which is 17% below median its 10-year median of 12.41 and 603.4% above the Retail - Cyclical industry median of 1.46. Next's overall GF Score™ is 85/100 with 2 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 Next (NXGPF), the current PB Ratio is 10.27 as of Jun. 30, 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $197.60 is trading 18.8% above its estimated GF Value™ of $166.27.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
PB Ratio: 10.27 (17% below median its 10-year median of 12.41)
GF Value™: $166.27 vs. price of $197.60 (18.8% above fair value)
Industry Position: 603.4% above the Retail - Cyclical median (#1002 of 1072)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
85GF Score
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