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Sprott Focus TrustFUND -1.98%52 Price-to-Tangible-Book is 0.99 as of Sep. 14, 2026. GuruFocus rates FUND with a GF Score™ of 52/100 and a GF Value™ of $35.13 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,522 Asset Management companies, Sprott Focus Trust ranks worse than 63.86% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Sprott Focus Trust Price-to-Tangible-Book Related Terms
Sprott Focus Trust Price-to-Tangible-Book Historical Data
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The historical data trend for Sprott Focus Trust's Price-to-Tangible-Book 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.
FUND vs PSBD, HRZN, CAF: Price-to-Tangible-Book Comparison
For the Asset Management subindustry, Sprott Focus Trust's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Sprott Focus Trust Price-to-Tangible-Book vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Focus Trust's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Sprott Focus Trust's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Sprott Focus Trust (FUND) has a Price-to-Tangible-Book of 0.99 as of Sep. 14, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Sprott Focus Trust and its competitors. According to the industry distribution chart, Sprott Focus Trust ranks #972 out of 1522 companies in the Asset Management industry, placing it in the top 63.9%.
Is Sprott Focus Trust's Price-to-Tangible-Book too high?
Sprott Focus Trust's current Price-to-Tangible-Book is 0.99. The Asset Management industry median Price-to-Tangible-Book is 0.93. Sprott Focus Trust's value of 0.99 is 6.5% above this industry median. Based on the distribution chart, Sprott Focus Trust ranks #972 out of 1522 companies in the Asset Management industry, which is below the industry midpoint. Overall, Sprott Focus Trust has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Focus Trust's Price-to-Tangible-Book compare to PSBD and HRZN?
According to the Asset Management industry distribution chart, Sprott Focus Trust ranks #972 out of 1522 companies for Price-to-Tangible-Book. This places Sprott Focus Trust in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.93. Sprott Focus Trust's value of 0.99 is 6.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Asset Management company?
The median Price-to-Tangible-Book among Asset Management companies is 0.93, based on 1,522 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sprott Focus Trust's current Price-to-Tangible-Book of 0.99 is 6.5% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Sprott Focus Trust and its competitors. For the Asset Management industry, the median Price-to-Tangible-Book is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sprott Focus Trust's current Price-to-Tangible-Book is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Focus Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Focus Trust (FUND) is currently considered Significantly Undervalued. The stock's GF Value™ is $35.13, compared to a current price of $10.38 — trading 70.5% below its estimated fair value. The current Price-to-Tangible-Book is 0.99 and 6.5% above the Asset Management industry median of 0.93. Sprott Focus Trust's overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Sprott Focus Trust (FUND), the current Price-to-Tangible-Book is 0.99 as of Sep. 14, 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 Sprott Focus Trust (FUND) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Focus Trust stock appears to be undervalued.
The current stock price of $10.38 is trading 70.5% below its estimated GF Value™ of $35.13.
GuruFocus considers Sprott Focus Trust to be Significantly Undervalued.
Key valuation signals for FUND:
Price-to-Tangible-Book: 0.99
GF Value™: $35.13 vs. price of $10.38 (70.5% below fair value)
Industry Position: 6.5% above the Asset Management median (#972 of 1522)
No single metric tells the full story. See the FUND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Focus Trust Inc is a diversified closed-end investment company. Its primary investment objective is long-term capital growth. To achieve its objective, the Fund may invest its assets in equity securities and in direct obligations of the U.S. Government or its agencies and in the non-convertible preferred stocks & debt securities of domestic and foreign companies. It invests in various sectors, of which Materials, Financials, Energy, Information technology sector account for the majority weightage.
52GF Score
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