Mercantile Investment Trust (The) (LSE:MRC) PS Ratio: 9.37 (As of Jul. 07, 2026) — 25% Above Median


LSE:MRC Mercantile Investment Trust (The) PLC LSE:MRC
50 GF Score
Price £2.75
GF Value £7.21
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Mercantile Investment Trust (The) PS Ratio?

Mercantile Investment Trust (The) LSE:MRC -0.72% 50 PS Ratio is 9.37 as of Jul. 07, 2026, which is 25% above its 10-year median of 7.52. GuruFocus rates LSE:MRC with a GF Score™ of 50/100 and a GF Value™ of £7.21 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,408 Asset Management companies, Mercantile Investment Trust (The) ranks worse than 58.24% on this metric.

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. As of today, Mercantile Investment Trust (The)'s share price is £2.745. Mercantile Investment Trust (The)'s Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was £0.29. Hence, Mercantile Investment Trust (The)'s PS Ratio for today is 9.37.

The historical rank and industry rank for Mercantile Investment Trust (The)'s PS Ratio or its related term are showing as below:

LSE:MRC' s PS Ratio Range Over the Past 10 Years
Min: 2.44   Med: 7.52   Max: 26.22
Current: 9.3

During the past 13 years, Mercantile Investment Trust (The)'s highest PS Ratio was 26.22. The lowest was 2.44. And the median was 7.52.

LSE:MRC's PS Ratio is ranked worse than
58.24% of 1408 companies
in the Asset Management industry
Industry Median: 7.245 vs LSE:MRC: 9.30

Mercantile Investment Trust (The)'s Revenue per Sharefor the six months ended in Jan. 2026 was £0.15. Its Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was £0.29.

Warning Sign:

Mercantile Investment Trust (The) PLC revenue per share is in decline over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Mercantile Investment Trust (The) was -7.60% per year.

During the past 13 years, Mercantile Investment Trust (The)'s highest 3-Year average Revenue per Share Growth Rate was 89.50% per year. The lowest was -38.00% per year. And the median was 4.25% per year.

Back to Basics: PS Ratio


Mercantile Investment Trust (The)  (LSE:MRC) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Mercantile Investment Trust (The) PS Ratio Related Terms


Mercantile Investment Trust (The) PS Ratio Historical Data

* Premium members only.

The historical data trend for Mercantile Investment Trust (The)'s PS 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.

Mercantile Investment Trust (The) PS Ratio Chart

Mercantile Investment Trust (The) Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.22 0.00 21.84 7.76 9.13

Mercantile Investment Trust (The) Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
PS 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 21.84 0.00 7.76 0.00 9.13

LSE:MRC vs BLK, BX, KKR: PS Ratio Comparison

For the Asset Management subindustry, Mercantile Investment Trust (The)'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.


Mercantile Investment Trust (The) PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mercantile Investment Trust (The)'s PS Ratio distribution charts can be found below:

* The bar in red indicates where Mercantile Investment Trust (The)'s PS Ratio falls into.


LSE:MRC
50GF Score
Mercantile Investment Trust (The) PLC LSE:MRC
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercantile Investment Trust (The) 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.

Mercantile Investment Trust (The)'s PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=2.745/0.293
=9.37

Mercantile Investment Trust (The)'s Share Price of today is £2.745.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mercantile Investment Trust (The)'s Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2026 was £0.29.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 9.37 mean?
Mercantile Investment Trust (The) (LSE:MRC) has a PS Ratio of 9.37 as of Jul. 07, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Mercantile Investment Trust (The) and its competitors. This is 25% above median its historical median of 7.52. Over the past decade, Mercantile Investment Trust (The)'s PS Ratio has ranged from 2.44 to 26.22. According to the industry distribution chart, Mercantile Investment Trust (The) ranks #820 out of 1408 companies in the Asset Management industry, placing it in the top 58.2%.
Is Mercantile Investment Trust (The)'s PS Ratio too high?
Mercantile Investment Trust (The)'s current PS Ratio of 9.37 is 25% above median its 10-year median of 7.52. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 26.22. The Asset Management industry median PS Ratio is 7.25. Mercantile Investment Trust (The)'s value of 9.37 is 29.3% above this industry median. Based on the distribution chart, Mercantile Investment Trust (The) ranks #820 out of 1408 companies in the Asset Management industry, which is below the industry midpoint. Overall, Mercantile Investment Trust (The) has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Investment Trust (The)'s PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Mercantile Investment Trust (The) ranks #820 out of 1408 companies for PS Ratio. This places Mercantile Investment Trust (The) in the lower half of its industry. The industry median PS Ratio is 7.25. Mercantile Investment Trust (The)'s value of 9.37 is 29.3% above this benchmark. Historically, Mercantile Investment Trust (The)'s own PS Ratio has ranged from 2.44 to 26.22 over the past decade. While the company's 10-year median is 7.52 vs. the industry median of 7.25, Mercantile Investment Trust (The) 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.25, based on 1,408 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. Mercantile Investment Trust (The)'s current PS Ratio of 9.37 is 29.3% 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 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 Mercantile Investment Trust (The) and its competitors. For the Asset Management industry, the median PS Ratio is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Investment Trust (The)'s current PS Ratio is 9.37, which is 25% above median its own 10-year median of 7.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Investment Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Investment Trust (The) (LSE:MRC) is currently considered Significantly Undervalued. The stock's GF Value™ is £7.21, compared to a current price of £2.75 — trading 61.9% below its estimated fair value. The current PS Ratio is 9.37, which is 25% above median its 10-year median of 7.52 and 29.3% above the Asset Management industry median of 7.25. Mercantile Investment Trust (The)'s overall GF Score™ is 50/100 with 4 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 Mercantile Investment Trust (The) (LSE:MRC), the current PS Ratio is 9.37 as of Jul. 07, 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 Mercantile Investment Trust (The) (LSE:MRC) Overvalued in 2026?

Based on GuruFocus' analysis, Mercantile Investment Trust (The) stock appears to be undervalued. The current stock price of £2.75 is trading 61.9% below its estimated GF Value™ of £7.21. GuruFocus considers Mercantile Investment Trust (The) to be Significantly Undervalued.

Key valuation signals for LSE:MRC:

  • PS Ratio: 9.37 (25% above median its 10-year median of 7.52)
  • GF Value™: £7.21 vs. price of £2.75 (61.9% below fair value)
  • GF Score™: 50/100 with 4 warning signs
  • Industry Position: 29.3% above the Asset Management median (#820 of 1408)

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


Mercantile Investment Trust (The) Business Description

Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of securities of companies from various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.
50GF Score

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

£2.75
Price
£7.21
GF Value