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Royce Small-Cap TrustRVT -0.50%59 EV-to-OCF is 111.78 as of Jul. 17, 2026, which is 344% above its 10-year median of 25.20. GuruFocus rates RVT with a GF Score™ of 59/100 and a GF Value™ of $16.62 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,505 Asset Management companies, Royce Small-Cap Trust ranks worse than 95.55% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Royce Small-Cap Trust's Enterprise Value is $2,191.42 Mil.
Royce Small-Cap Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $19.60 Mil. Therefore, Royce Small-Cap Trust's EV-to-OCF for today is 111.78.
The historical rank and industry rank for Royce Small-Cap Trust's EV-to-OCF or its related term are showing as below:
RVT'
s EV-to-OCF Range Over the Past 10 Years
Min: -45.21 Med: 25.2 Max: 854.77
Current: 111.78
During the past 9 years, the highest EV-to-OCF of Royce Small-Cap Trust was 854.77. The lowest was -45.21. And the median was 25.20.
RVT's EV-to-OCF is ranked worse than 95.55% of 1505
companies
in the Asset Management industry
Industry Median: 6.24
vs RVT: 111.78
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Royce Small-Cap Trust's PE Ratio (TTM) for today is calculated as:
Royce Small-Cap Trust's share price for today is $17.91.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Royce Small-Cap Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.088.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Asset Management subindustry, Royce Small-Cap Trust's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Royce Small-Cap Trust EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Small-Cap Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Royce Small-Cap Trust's EV-to-OCF falls into.
Royce Small-Cap Trust's current Enterprise Value is $2,191.42 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Royce Small-Cap Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $19.60 Mil.
* 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.
Royce Small-Cap Trust (RVT) has a EV-to-OCF of 111.78 as of Jul. 17, 2026. This is 344% above median its historical median of 25.20. According to the industry distribution chart, Royce Small-Cap Trust ranks #1438 out of 1505 companies in the Asset Management industry, placing it in the top 95.5%.
Is Royce Small-Cap Trust's EV-to-OCF too high?
Royce Small-Cap Trust's current EV-to-OCF of 111.78 is 344% above median its 10-year median of 25.20. The Asset Management industry median EV-to-OCF is 6.24. Royce Small-Cap Trust's value of 111.78 is 1691.3% above this industry median. Based on the distribution chart, Royce Small-Cap Trust ranks #1438 out of 1505 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Royce Small-Cap Trust has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Royce Small-Cap Trust's EV-to-OCF compare to ETY and CLM?
According to the Asset Management industry distribution chart, Royce Small-Cap Trust ranks #1438 out of 1505 companies for EV-to-OCF. This places Royce Small-Cap Trust in the lower half of its industry. The industry median EV-to-OCF is 6.24. Royce Small-Cap Trust's value of 111.78 is 1691.3% above this benchmark. While the company's 10-year median is 25.20 vs. the industry median of 6.24, Royce Small-Cap Trust 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 EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 6.24, based on 1,505 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Small-Cap Trust's current EV-to-OCF of 111.78 is 1691.3% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 6.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Small-Cap Trust's current EV-to-OCF is 111.78, which is 344% above median its own 10-year median of 25.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Small-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Small-Cap Trust (RVT) is currently considered Fairly Valued. The stock's GF Value™ is $16.62, compared to a current price of $17.91 — trading 7.8% above its estimated fair value. The current EV-to-OCF is 111.78, which is 344% above median its 10-year median of 25.20 and 1691.3% above the Asset Management industry median of 6.24. Royce Small-Cap Trust's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Royce Small-Cap Trust (RVT), the current EV-to-OCF is 111.78 as of Jul. 17, 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 Royce Small-Cap Trust (RVT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Small-Cap Trust stock appears to be overvalued.
The current stock price of $17.91 is trading 7.8% above its estimated GF Value™ of $16.62.
GuruFocus considers Royce Small-Cap Trust to be Fairly Valued.
Key valuation signals for RVT:
EV-to-OCF: 111.78 (344% above median its 10-year median of 25.20)
GF Value™: $16.62 vs. price of $17.91 (7.8% above fair value)
Industry Position: 1691.3% above the Asset Management median (#1438 of 1505)
No single metric tells the full story. See the RVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Small-Cap Trust Inc is a diversified closed-end investment company that invests in equity securities of small-cap companies. The company portfolio includes sectors such as Industrials, Financials, Information Technology, Health Care, and Consumer Discretionary.
59GF Score
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