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Royce Micro-Cap TrustRMT +1.29%52 EV-to-FCF is 289.46 as of Jul. 21, 2026, which is 1184% above its 10-year median of 22.55. GuruFocus rates RMT with a GF Score™ of 52/100 and a GF Value™ of $10.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 939 Asset Management companies, Royce Micro-Cap Trust ranks worse than 96.81% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Royce Micro-Cap Trust's Enterprise Value is $774.01 Mil.
Royce Micro-Cap Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $2.67 Mil. Therefore, Royce Micro-Cap Trust's EV-to-FCF for today is 289.46.
The historical rank and industry rank for Royce Micro-Cap Trust's EV-to-FCF or its related term are showing as below:
RMT'
s EV-to-FCF Range Over the Past 10 Years
Min: 8.19 Med: 22.55 Max: 1000.88
Current: 289.46
During the past 9 years, the highest EV-to-FCF of Royce Micro-Cap Trust was 1000.88. The lowest was 8.19. And the median was 22.55.
RMT's EV-to-FCF is ranked worse than 96.81% of 939
companies
in the Asset Management industry
Industry Median: 14.18
vs RMT: 289.46
EV-to-FCF 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-FCF 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 Micro-Cap Trust's PE Ratio (TTM) for today is calculated as:
Royce Micro-Cap Trust's share price for today is $14.10.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Royce Micro-Cap Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.766.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF 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 Micro-Cap Trust's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 Micro-Cap Trust EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's EV-to-FCF falls into.
Royce Micro-Cap Trust's current Enterprise Value is $774.01 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Royce Micro-Cap Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $2.67 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 Micro-Cap Trust (RMT) has a EV-to-FCF of 289.46 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Royce Micro-Cap Trust and its competitors. This is 1184% above median its historical median of 22.55. Over the past decade, Royce Micro-Cap Trust's EV-to-FCF has ranged from 8.19 to 1,000.88. According to the industry distribution chart, Royce Micro-Cap Trust ranks #909 out of 939 companies in the Asset Management industry, placing it in the top 96.8%.
Is Royce Micro-Cap Trust's EV-to-FCF too high?
Royce Micro-Cap Trust's current EV-to-FCF of 289.46 is 1184% above median its 10-year median of 22.55. Over the past 10 years, this metric has ranged from a low of 8.19 to a high of 1,000.88. The Asset Management industry median EV-to-FCF is 14.18. Royce Micro-Cap Trust's value of 289.46 is 1941.3% above this industry median. Based on the distribution chart, Royce Micro-Cap Trust ranks #909 out of 939 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Royce Micro-Cap Trust has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Micro-Cap Trust's EV-to-FCF compare to GGN and CGBD?
According to the Asset Management industry distribution chart, Royce Micro-Cap Trust ranks #909 out of 939 companies for EV-to-FCF. This places Royce Micro-Cap Trust in the lower half of its industry. The industry median EV-to-FCF is 14.18. Royce Micro-Cap Trust's value of 289.46 is 1941.3% above this benchmark. Historically, Royce Micro-Cap Trust's own EV-to-FCF has ranged from 8.19 to 1,000.88 over the past decade. While the company's 10-year median is 22.55 vs. the industry median of 14.18, Royce Micro-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-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.18, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Micro-Cap Trust's current EV-to-FCF of 289.46 is 1941.3% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Royce Micro-Cap Trust and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Micro-Cap Trust's current EV-to-FCF is 289.46, which is 1184% above median its own 10-year median of 22.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Micro-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Micro-Cap Trust (RMT) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.44, compared to a current price of $14.10 — trading 35.1% above its estimated fair value. The current EV-to-FCF is 289.46, which is 1184% above median its 10-year median of 22.55 and 1941.3% above the Asset Management industry median of 14.18. Royce Micro-Cap Trust's overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current EV-to-FCF is 289.46 as of Jul. 21, 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 Micro-Cap Trust (RMT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Micro-Cap Trust stock appears to be overvalued.
The current stock price of $14.10 is trading 35.1% above its estimated GF Value™ of $10.44.
GuruFocus considers Royce Micro-Cap Trust to be Significantly Overvalued.
Key valuation signals for RMT:
EV-to-FCF: 289.46 (1184% above median its 10-year median of 22.55)
GF Value™: $10.44 vs. price of $14.10 (35.1% above fair value)
Industry Position: 1941.3% above the Asset Management median (#909 of 939)
No single metric tells the full story. See the RMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector, including diversified consumer services, hotels, household durables, leisure products, and luxury goods. Consumer staples sector, including beverages, food, and staples retailing, food products, and personal products, Energy sector, including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors, including healthcare, financials, industrials, IT, telecommunications, and materials.
52GF Score
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