PNDDF (Pender Growth Fund) ROE % Adjusted to Book Value: -3.30% (As of Mar. 2026)

What is Pender Growth Fund ROE % Adjusted to Book Value?

Pender Growth Fund PNDDF 47 ROE % Adjusted to Book Value is -3.30% as of Mar. 2026. GuruFocus rates PNDDF with a GF Score™ of 47/100 and a GF Value™ of $0.55. The stock has 4 warning signs investors should review.

Pender Growth Fund's ROE % for the quarter that ended in Mar. 2026 was -1.85%. Pender Growth Fund's PB Ratio for the quarter that ended in Mar. 2026 was 0.56. Pender Growth Fund's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -3.30%.

Pender Growth Fund ROE % Adjusted to Book Value Related Terms

Pender Growth Fund ROE % Adjusted to Book Value Historical Data

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The historical data trend for Pender Growth Fund'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.

Pender Growth Fund ROE % Adjusted to Book Value Chart

Pender Growth Fund Annual Data

Trend

Dec16

Dec17

Dec18

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Dec20

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Dec22

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Dec25

ROE % Adjusted to Book Value

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343.67

-85.02

1.44

133.88

-7.43

Pender Growth Fund Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															-51.43	56.15	-1.51	-39.50	-3.30

PNDDF vs BLK, BX, KKR: ROE % Adjusted to Book Value Comparison

For the Asset Management subindustry, Pender Growth Fund'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.

Pender Growth Fund ROE % Adjusted to Book Value vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Pender Growth Fund's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Pender Growth Fund's ROE % Adjusted to Book Value falls into.

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Pender Growth Fund Inc PNDDF

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Pender Growth Fund ROE % Adjusted to Book Value Calculation

Pender Growth Fund'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
	=	-4.16%	/	0.56
	=	-7.43%

Pender Growth Fund's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	-1.85%	/	0.56
	=	-3.30%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of -3.30% mean?

Pender Growth Fund (PNDDF) has a ROE % Adjusted to Book Value of -3.30% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Pender Growth Fund and its competitors.

Is Pender Growth Fund's ROE % Adjusted to Book Value too high?

Pender Growth Fund's current ROE % Adjusted to Book Value is -3.30%. Overall, Pender Growth Fund has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.

How does Pender Growth Fund's ROE % Adjusted to Book Value compare to BLK and BX?

Pender Growth Fund's ROE % Adjusted to Book Value of -3.30% can be compared against companies in the Asset Management 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 Asset Management company?

A good ROE % Adjusted to Book Value depends on the Asset Management 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 Pender Growth Fund and its competitors. Pender Growth Fund's current ROE % Adjusted to Book Value is -3.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pender Growth Fund stock overvalued right now?

Pender Growth Fund (PNDDF) has a current ROE % Adjusted to Book Value of -3.30%. The stock's GF Value™ is $0.55, compared to a current price of $6.78 — trading 1133.5% above its estimated fair value. The current ROE % Adjusted to Book Value is -3.30%. Pender Growth Fund's overall GF Score™ is 47/100 with 4 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 Pender Growth Fund (PNDDF), the current ROE % Adjusted to Book Value is -3.30% as of Mar. 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 Pender Growth Fund (PNDDF) Overvalued in 2026?

Based on GuruFocus' analysis, Pender Growth Fund stock appears to be overvalued. The current stock price of $6.78 is trading 1133.5% above its estimated GF Value™ of $0.55.

Key valuation signals for PNDDF:

ROE % Adjusted to Book Value: -3.30%
GF Value™: $0.55 vs. price of $6.78 (1133.5% above fair value)
GF Score™: 47/100 with 4 warning signs

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

Pender Growth Fund Business Description

Industry Financial Services Asset Management

Comparable Companies TSX:IS TSX:FAP TSX:LCS TSX:PNP TSX:BGI.UN TSX:RS TSX:MID.UN NEOE:BCBN TSXV:JUN.A TSX:TINY BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges PTF:Canada

Address 1066 West Hastings Street, Suite 1830, Vancouver, BC, CAN, V6E 3X2

Website https://www.penderfund.com

Pender Growth Fund Inc is an asset management firm. The investment objective of the company is to achieve long-term capital growth from investment in opportunities identified by the Manager. The company generates its revenue in the form of dividends and interest. Its solutions include: All Fund Solutions; Equity; Fixed Income; Multi-Asset; Liquid Alternative; and Venture Capital.

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$6.78

Price

$0.55

GF Value

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