Royce Micro-Cap TrustRMT +0.57%40 PB Ratio is 1.19 as of Jun. 25, 2026, which is 31% above its 10-year median of 0.91. 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 1,606 Asset Management companies, Royce Micro-Cap Trust ranks worse than 73.04% on this metric.
Royce Micro-Cap Trust Inc stock PB Ratio (=1.18) is close to 10-year high of 1.21.
The historical rank and industry rank for Royce Micro-Cap Trust's PB Ratio or its related term are showing as below:
RMT'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.91 Max: 1.21
Current: 1.19
During the past 9 years, Royce Micro-Cap Trust's highest PB Ratio was 1.21. The lowest was 0.49. And the median was 0.91.
RMT's PB Ratio is ranked worse than 73.04% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs RMT: 1.19
During the past 12 months, Royce Micro-Cap Trust's average Book Value Per Share Growth Rate was 5.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.10% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Royce Micro-Cap Trust was 15.30% per year. The lowest was -5.00% per year. And the median was 2.25% per year.
Back to Basics: PB Ratio
Royce Micro-Cap Trust (NYSE:RMT) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Royce Micro-Cap Trust (RMT) has a PB Ratio of 1.19 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Royce Micro-Cap Trust and its competitors. This is 31% above median its historical median of 0.91. Over the past decade, Royce Micro-Cap Trust's PB Ratio has ranged from 0.49 to 1.21. According to the industry distribution chart, Royce Micro-Cap Trust ranks #1173 out of 1606 companies in the Asset Management industry, placing it in the top 73%.
Is Royce Micro-Cap Trust's PB Ratio too high?
Royce Micro-Cap Trust's current PB Ratio of 1.19 is 31% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.21. The Asset Management industry median PB Ratio is 0.95. Royce Micro-Cap Trust's value of 1.19 is 25.3% above this industry median. Based on the distribution chart, Royce Micro-Cap Trust ranks #1173 out of 1606 companies in the Asset Management industry, which is below the industry midpoint. 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 PB Ratio compare to CGBD and NIE?
According to the Asset Management industry distribution chart, Royce Micro-Cap Trust ranks #1173 out of 1606 companies for PB Ratio. This places Royce Micro-Cap Trust in the lower half of its industry. The industry median PB Ratio is 0.95. Royce Micro-Cap Trust's value of 1.19 is 25.3% above this benchmark. Historically, Royce Micro-Cap Trust's own PB Ratio has ranged from 0.49 to 1.21 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.95, 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,606 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Micro-Cap Trust's current PB Ratio of 1.19 is 25.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Royce Micro-Cap Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Micro-Cap Trust's current PB Ratio is 1.19, which is 31% above median its own 10-year median of 0.91. 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 PB Ratio is 1.19, which is 31% above median its 10-year median of 0.91 and 25.3% above the Asset Management industry median of 0.95. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current PB Ratio is 1.19 as of Jun. 25, 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 $14.05 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:
PB Ratio: 1.19 (31% above median its 10-year median of 0.91)
GF Value™: $10.44 vs. price of $14.05 (34.6% above fair value)
Industry Position: 25.3% above the Asset Management median (#1173 of 1606)
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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