Northcoders Group (LSE:CODE) ROE % Adjusted to Book Value: -147.16% (As of Dec. 2025)


LSE:CODE Northcoders Group PLC LSE:CODE
39 GF Score
Price £0.26
GF Value £0.97
Valuation Possible Value Trap
! 7 Warning Signs
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What is Northcoders Group ROE % Adjusted to Book Value?

Northcoders Group LSE:CODE 39 ROE % Adjusted to Book Value is -147.16% as of Dec. 2025. GuruFocus rates LSE:CODE with a GF Score™ of 39/100 and a GF Value™ of £0.97 (Possible Value Trap). The stock has 7 warning signs investors should review.

Northcoders Group's ROE % for the quarter that ended in Dec. 2025 was -160.40%. Northcoders Group's PB Ratio for the quarter that ended in Dec. 2025 was 1.09. Northcoders Group's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -147.16%.

Northcoders Group ROE % Adjusted to Book Value Related Terms

Northcoders Group ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Northcoders Group's ROE % Adjusted to Book Value 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.

Northcoders Group ROE % Adjusted to Book Value Chart

Northcoders Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial -5.79 2.07 -9.46 2.79 -72.80

Northcoders Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.03 1.35 3.94 3.58 -147.16

LSE:CODE vs EDU, TAL, GHC: ROE % Adjusted to Book Value Comparison

For the Education & Training Services subindustry, Northcoders Group's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Northcoders Group ROE % Adjusted to Book Value vs Education Industry

For the Education industry and Consumer Defensive sector, Northcoders Group's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Northcoders Group's ROE % Adjusted to Book Value falls into.


LSE:CODE
39GF Score
Northcoders Group PLC LSE:CODE
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Northcoders Group ROE % Adjusted to Book Value Calculation

Northcoders Group's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-79.35% / 1.09
=-72.80%

Northcoders Group's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-160.40% / 1.09
=-147.16%

* 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.

What does a ROE % Adjusted to Book Value of -147.16% mean?
Northcoders Group (LSE:CODE) has a ROE % Adjusted to Book Value of -147.16% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Northcoders Group and its competitors.
Is Northcoders Group's ROE % Adjusted to Book Value too high?
Northcoders Group's current ROE % Adjusted to Book Value is -147.16%. Overall, Northcoders Group has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northcoders Group's ROE % Adjusted to Book Value compare to EDU and TAL?
Northcoders Group's ROE % Adjusted to Book Value of -147.16% can be compared against companies in the Education industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Education company?
A good ROE % Adjusted to Book Value depends on the Education industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Northcoders Group and its competitors. Northcoders Group's current ROE % Adjusted to Book Value is -147.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northcoders Group stock overvalued right now?
Based on GuruFocus' analysis, Northcoders Group (LSE:CODE) is currently considered Possible Value Trap. The stock's GF Value™ is £0.97, compared to a current price of £0.26 — trading 73.7% below its estimated fair value. The current ROE % Adjusted to Book Value is -147.16%. Northcoders Group's overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Northcoders Group (LSE:CODE), the current ROE % Adjusted to Book Value is -147.16% as of Dec. 2025. 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 Northcoders Group (LSE:CODE) Overvalued in 2026?

Based on GuruFocus' analysis, Northcoders Group stock appears to be undervalued. The current stock price of £0.26 is trading 73.7% below its estimated GF Value™ of £0.97. GuruFocus considers Northcoders Group to be Possible Value Trap.

Key valuation signals for LSE:CODE:

  • ROE % Adjusted to Book Value: -147.16%
  • GF Value™: £0.97 vs. price of £0.26 (73.7% below fair value)
  • GF Score™: 39/100 with 7 warning signs

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

Northcoders Group Business Description

Other Exchanges 5BN:Germany
Address No.1, Spinningfields, Cubo, Manchester, GBR, M3 3EB
Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes bootcamp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.
39GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.26
Price
£0.97
GF Value