BCV (Bancroft Fund) Pre-Tax Income: $39.17 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BCV Bancroft Fund Ltd BCV
36 GF Score
Price $24.24
! 3 Warning Signs
View Full Analysis

What is Bancroft Fund Pre-Tax Income?

Bancroft Fund BCV -0.61% 36 Pre-Tax Income is $39.17 Mil as of Mar. 2026. GuruFocus rates BCV with a GF Score™ of 36/100. The stock has 3 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Bancroft Fund's pretax income for the six months ended in Mar. 2026 was $1.36 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2026 was $39.17 Mil. Bancroft Fund's pretax margin was 82.18%.

During the past 13 years, Bancroft Fund's highest Pretax Margin was 100.89%. The lowest was 83.10%. And the median was 97.66%.


Bancroft Fund  (AMEX:BCV) Pre-Tax Income Explanation

Bancroft Fund's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=1.356/1.65
=82.18%

During the past 13 years, Bancroft Fund's highest Pretax Margin was 100.89%. The lowest was 83.10%. And the median was 97.66%.

* 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.


Bancroft Fund Pre-Tax Income Related Terms


Bancroft Fund Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Bancroft Fund's Pre-Tax Income 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.

Bancroft Fund Pre-Tax Income Chart

Bancroft Fund Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Sep24 Sep25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.95 42.24 -48.81 13.90 42.91

Bancroft Fund Semi-Annual Data
Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Mar24 Sep24 Mar25 Sep25 Mar26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.13 7.77 5.09 37.81 1.36

BCV vs HEQ, VFL, HSDT: Pre-Tax Income Comparison

For the Asset Management subindustry, Bancroft Fund's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Bancroft Fund Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Bancroft Fund's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Bancroft Fund's Pre-Tax Income falls into.


BCV
36GF Score
Bancroft Fund Ltd BCV
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bancroft Fund Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Bancroft Fund's Pretax Income for the fiscal year that ended in Sep. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+42.906
=42.91

Bancroft Fund's Pretax Income for the quarter that ended in Mar. 2026 is calculated as

Pretax Income=Operating Income+Other
=0+1.356
=1.36

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $39.17 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $39.17 Mil mean?
Bancroft Fund (BCV) has a Pre-Tax Income of $39.17 Mil as of Mar. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Bancroft Fund and its competitors.
Is Bancroft Fund's Pre-Tax Income too high?
Bancroft Fund's current Pre-Tax Income is $39.17 Mil. Overall, Bancroft Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Bancroft Fund's Pre-Tax Income compare to HEQ and VFL?
Bancroft Fund's Pre-Tax Income of $39.17 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Asset Management company?
A good Pre-Tax Income depends on the Asset Management industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Bancroft Fund and its competitors. Bancroft Fund's current Pre-Tax Income is $39.17 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bancroft Fund stock overvalued right now?
Bancroft Fund (BCV) has a current Pre-Tax Income of $39.17 Mil. The current Pre-Tax Income is $39.17 Mil. Bancroft Fund's overall GF Score™ is 36/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Bancroft Fund (BCV), the current Pre-Tax Income is $39.17 Mil as of Mar. 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.

Bancroft Fund Business Description

Other Exchanges BCVpA.PFD:USA
Address One Corporate Center, Rye, New York, NY, USA, 10580-1422
Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.
36GF Score

Get the complete analysis for BCV

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.24
Price