Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Manchester & London Investment Trust (LSE:MNL) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Manchester & London Investment Trust PS Ratio Related Terms
Manchester & London Investment Trust PS 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.
Manchester & London Investment Trust PS Ratio Chart
For the Asset Management subindustry, Manchester & London Investment Trust's PS Ratio, along with its competitors' market caps and PS 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.
Manchester & London Investment Trust PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where Manchester & London Investment Trust's PS Ratio falls into.
Manchester & London Investment Trust PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Manchester & London Investment Trust's Share Price of today is £10.40.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Manchester & London Investment Trust's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was £1.90.
* 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:
Manchester & London Investment Trust (LSE:MNL) has a PS Ratio of 5.47 as of Jul. 16, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Manchester & London Investment Trust and its competitors. This is near median its historical median of 5.46. Over the past decade, Manchester & London Investment Trust's PS Ratio has ranged from 1.69 to 20.43. According to the industry distribution chart, Manchester & London Investment Trust ranks #553 out of 1410 companies in the Asset Management industry, placing it in the top 39.2%.
Is Manchester & London Investment Trust's PS Ratio too high?
Manchester & London Investment Trust's current PS Ratio of 5.47 is near median its 10-year median of 5.46. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 20.43. The Asset Management industry median PS Ratio is 7.30. Manchester & London Investment Trust's value of 5.47 is 25.1% below this industry median. Based on the distribution chart, Manchester & London Investment Trust ranks #553 out of 1410 companies in the Asset Management industry, which is above the industry midpoint. Overall, Manchester & London Investment Trust has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester & London Investment Trust's PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Manchester & London Investment Trust ranks #553 out of 1410 companies for PS Ratio. This puts Manchester & London Investment Trust in the upper half of its industry. The industry median PS Ratio is 7.30. Manchester & London Investment Trust's value of 5.47 is 25.1% below this benchmark. Historically, Manchester & London Investment Trust's own PS Ratio has ranged from 1.69 to 20.43 over the past decade. While the company's 10-year median is 5.46 vs. the industry median of 7.30, Manchester & London Investment 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.30, based on 1,410 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manchester & London Investment Trust's current PS Ratio of 5.47 is 25.1% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Manchester & London Investment Trust and its competitors. For the Asset Management industry, the median PS Ratio is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manchester & London Investment Trust's current PS Ratio is 5.47, which is near median its own 10-year median of 5.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester & London Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Manchester & London Investment Trust (LSE:MNL) is currently considered Significantly Overvalued. The stock's GF Value™ is £5.83, compared to a current price of £10.40 — trading 78.4% above its estimated fair value. The current PS Ratio is 5.47, which is near median its 10-year median of 5.46 and 25.1% below the Asset Management industry median of 7.30. Manchester & London Investment Trust's overall GF Score™ is 50/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Manchester & London Investment Trust (LSE:MNL), the current PS Ratio is 5.47 as of Jul. 16, 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 Manchester & London Investment Trust (LSE:MNL) Overvalued in 2026?
Based on GuruFocus' analysis, Manchester & London Investment Trust stock appears to be overvalued.
The current stock price of £10.40 is trading 78.4% above its estimated GF Value™ of £5.83.
GuruFocus considers Manchester & London Investment Trust to be Significantly Overvalued.
Key valuation signals for LSE:MNL:
PS Ratio: 5.47 (near median its 10-year median of 5.46)
GF Value™: £5.83 vs. price of £10.40 (78.4% above fair value)
Industry Position: 25.1% below the Asset Management median (#553 of 1410)
No single metric tells the full story. See the LSE:MNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manchester & London Investment Trust Business Description
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.
50GF Score
Get the complete analysis for LSE:MNL
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:MNL has been successfully added to your 
