Sprott Physical Gold and Silver TrustCEF +2.45%50 Return-on-Tangible-Asset is 27.35% as of Mar. 2026, which is 193% above its 10-year median of 9.33. GuruFocus rates CEF with a GF Score™ of 50/100 and a GF Value™ of $118.30 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,634 Asset Management companies, Sprott Physical Gold and Silver Trust ranks better than 98.35% on this metric.
The historical rank and industry rank for Sprott Physical Gold and Silver Trust's Return-on-Tangible-Asset or its related term are showing as below:
CEF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.58 Med: 9.33 Max: 61.19
Current: 53.95
During the past 13 years, Sprott Physical Gold and Silver Trust's highest Return-on-Tangible-Asset was 61.19%. The lowest was -8.58%. And the median was 9.33%.
CEF's Return-on-Tangible-Asset is ranked better than 98.35% of 1634
companies
in the Asset Management industry
Industry Median: 4.12
vs CEF: 53.95
Sprott Physical Gold and Silver Trust (ARCA:CEF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Sprott Physical Gold and Silver Trust Return-on-Tangible-Asset Related Terms
Sprott Physical Gold and Silver Trust Return-on-Tangible-Asset Historical Data
* 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.
Sprott Physical Gold and Silver Trust Return-on-Tangible-Asset Chart
CEF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Sprott Physical Gold and Silver Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Physical Gold and Silver Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Physical Gold and Silver Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sprott Physical Gold and Silver Trust's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 27.35% mean?
Sprott Physical Gold and Silver Trust (CEF) has a Return-on-Tangible-Asset of 27.35% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sprott Physical Gold and Silver Trust and its competitors. This is 193% above median its historical median of 9.33. According to the industry distribution chart, Sprott Physical Gold and Silver Trust ranks #27 out of 1634 companies in the Asset Management industry, placing it in the top 1.7%.
Is Sprott Physical Gold and Silver Trust's Return-on-Tangible-Asset too high?
Sprott Physical Gold and Silver Trust's current Return-on-Tangible-Asset of 27.35% is 193% above median its 10-year median of 9.33. The Asset Management industry median Return-on-Tangible-Asset is 4.12. Sprott Physical Gold and Silver Trust's value of 27.35% is 563.8% above this industry median. Based on the distribution chart, Sprott Physical Gold and Silver Trust ranks #27 out of 1634 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Physical Gold and Silver Trust has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Gold and Silver Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Sprott Physical Gold and Silver Trust ranks #27 out of 1634 companies for Return-on-Tangible-Asset. This places Sprott Physical Gold and Silver Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.12. Sprott Physical Gold and Silver Trust's value of 27.35% is 563.8% above this benchmark. While the company's 10-year median is 9.33 vs. the industry median of 4.12, Sprott Physical Gold and Silver 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.12, based on 1,634 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sprott Physical Gold and Silver Trust's current Return-on-Tangible-Asset of 27.35% is 563.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sprott Physical Gold and Silver Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sprott Physical Gold and Silver Trust's current Return-on-Tangible-Asset is 27.35%, which is 193% above median its own 10-year median of 9.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Gold and Silver Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Physical Gold and Silver Trust (CEF) is currently considered Significantly Undervalued. The stock's GF Value™ is $118.30, compared to a current price of $41.33 — trading 65.1% below its estimated fair value. The current Return-on-Tangible-Asset is 27.35%, which is 193% above median its 10-year median of 9.33 and 563.8% above the Asset Management industry median of 4.12. Sprott Physical Gold and Silver Trust's overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Sprott Physical Gold and Silver Trust (CEF), the current Return-on-Tangible-Asset is 27.35% 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.
Is Sprott Physical Gold and Silver Trust (CEF) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Physical Gold and Silver Trust stock appears to be undervalued.
The current stock price of $41.33 is trading 65.1% below its estimated GF Value™ of $118.30.
GuruFocus considers Sprott Physical Gold and Silver Trust to be Significantly Undervalued.
Key valuation signals for CEF:
Return-on-Tangible-Asset: 27.35% (193% above median its 10-year median of 9.33)
GF Value™: $118.30 vs. price of $41.33 (65.1% below fair value)
Industry Position: 563.8% above the Asset Management median (#27 of 1634)
No single metric tells the full story. See the CEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Physical Gold and Silver Trust Business Description
Sprott Physical Gold and Silver Trust is a closed end mutual fund trust. The trust invests and holds all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience that is typical of direct investment. Its objective is to invest in long-term holdings of unencumbered, fully allocated, physical gold and silver bullion and does not speculate with regard to short-term changes in bullion prices.
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