Royce Micro-Cap TrustRMT +0.57%40 Net Margin % is 101.78% as of Dec. 2025, which is 3% above its 10-year median of 98.95. GuruFocus rates RMT with a GF Score™ of 40/100 and a GF Value™ of $10.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,579 Asset Management companies, Royce Micro-Cap Trust ranks better than 78.09% on this metric.
The historical rank and industry rank for Royce Micro-Cap Trust's Net Margin % or its related term are showing as below:
RMT'
s Net Margin % Range Over the Past 10 Years
Min: 98.17 Med: 98.95 Max: 101.47
Current: 98.95
RMT's Net Margin % is ranked better than 78.09% of 1579
companies
in the Asset Management industry
Industry Median: 84.88
vs RMT: 98.95
Royce Micro-Cap Trust (NYSE:RMT) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Royce Micro-Cap Trust Net Margin % Related Terms
Royce Micro-Cap Trust Net Margin % Historical Data
* Premium members only.
The historical data trend for Royce Micro-Cap Trust's Net Margin % 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.
For the Asset Management subindustry, Royce Micro-Cap Trust's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's Net Margin % falls into.
* 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 Net Margin % of 101.78% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Royce Micro-Cap Trust and its competitors. This is near median its historical median of 98.95. Over the past decade, Royce Micro-Cap Trust's Net Margin % has ranged from 98.17 to 101.47. According to the industry distribution chart, Royce Micro-Cap Trust ranks #346 out of 1579 companies in the Asset Management industry, placing it in the top 21.9%.
Is Royce Micro-Cap Trust's Net Margin % too high?
Royce Micro-Cap Trust's current Net Margin % of 101.78% is near median its 10-year median of 98.95. Over the past 10 years, this metric has ranged from a low of 98.17 to a high of 101.47. The Asset Management industry median Net Margin % is 84.88. Royce Micro-Cap Trust's value of 101.78% is 19.9% above this industry median. Based on the distribution chart, Royce Micro-Cap Trust ranks #346 out of 1579 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Royce Micro-Cap Trust has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Micro-Cap Trust's Net Margin % compare to CGBD and NIE?
According to the Asset Management industry distribution chart, Royce Micro-Cap Trust ranks #346 out of 1579 companies for Net Margin %. This places Royce Micro-Cap Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.88. Royce Micro-Cap Trust's value of 101.78% is 19.9% above this benchmark. Historically, Royce Micro-Cap Trust's own Net Margin % has ranged from 98.17 to 101.47 over the past decade. While the company's 10-year median is 98.95 vs. the industry median of 84.88, 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 Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.88, based on 1,579 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Micro-Cap Trust's current Net Margin % of 101.78% is 19.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Royce Micro-Cap Trust and its competitors. For the Asset Management industry, the median Net Margin % is 84.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Micro-Cap Trust's current Net Margin % is 101.78%, which is near median its own 10-year median of 98.95. 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 $14.05 — trading 34.6% above its estimated fair value. The current Net Margin % is 101.78%, which is near median its 10-year median of 98.95 and 19.9% above the Asset Management industry median of 84.88. Royce Micro-Cap Trust's overall GF Score™ is 40/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current Net Margin % is 101.78% 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 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 $14.05 is trading 34.6% above its estimated GF Value™ of $10.44.
GuruFocus considers Royce Micro-Cap Trust to be Significantly Overvalued.
Key valuation signals for RMT:
Net Margin %: 101.78% (near median its 10-year median of 98.95)
GF Value™: $10.44 vs. price of $14.05 (34.6% above fair value)
Industry Position: 19.9% above the Asset Management median (#346 of 1579)
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.
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