Northern Bear PLC (NTBR.L)

Northern Bear PLC (NTBR.L) — VMCI valuation read

NTBR.L screens at VMCI 66/100, a 16-point gap above the Industrials sector median (50). For a mid-cap Northern Bear PLC share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.

NTBR.L has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: NTBR.L trades at 18.0x earnings, 0% above the Industrials median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Industrials group. Quality: ROIC of 16.0% sits 6.0pp above the Industrials median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of -0.4x leaves covenant headroom, which sets the rate-cycle exposure for Northern Bear PLC.

NTBR.L fell 1.6% over the trailing 7 days, with a +3.2% read on a 30-day basis.