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Blackfinch Spring VCTLSE:BFSP 33 Return-on-Tangible-Asset is -7.61% as of Dec. 2025. GuruFocus rates LSE:BFSP with a GF Score™ of 33/100 and a GF Value™ of £0.42 (Significantly Overvalued). Among 1,636 Asset Management companies, Blackfinch Spring VCT ranks worse than 83.86% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Blackfinch Spring VCT's annualizedNet Income for the quarter that ended in Dec. 2025 was £-5.03 Mil. Blackfinch Spring VCT's average total tangible assets for the quarter that ended in Dec. 2025 was £66.08 Mil. Therefore, Blackfinch Spring VCT's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -7.61%.
The historical rank and industry rank for Blackfinch Spring VCT's Return-on-Tangible-Asset or its related term are showing as below:
LSE:BFSP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.46 Med: 1.22 Max: 12.22
Current: -6.21
During the past 6 years, Blackfinch Spring VCT's highest Return-on-Tangible-Asset was 12.22%. The lowest was -6.46%. And the median was 1.22%.
LSE:BFSP's Return-on-Tangible-Asset is ranked worse than 83.86% of 1636
companies
in the Asset Management industry
Industry Median: 4.235
vs LSE:BFSP: -6.21
Blackfinch Spring VCT (LSE:BFSP) 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.
Blackfinch Spring VCT Return-on-Tangible-Asset Related Terms
Blackfinch Spring VCT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Blackfinch Spring VCT's Return-on-Tangible-Asset 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.
Blackfinch Spring VCT Return-on-Tangible-Asset Chart
LSE:BFSP vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Blackfinch Spring VCT'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.
Blackfinch Spring VCT Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackfinch Spring VCT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blackfinch Spring VCT'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -7.61% mean?
Blackfinch Spring VCT (LSE:BFSP) has a Return-on-Tangible-Asset of -7.61% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Blackfinch Spring VCT and its competitors. According to the industry distribution chart, Blackfinch Spring VCT ranks #1372 out of 1636 companies in the Asset Management industry, placing it in the top 83.9%.
Is Blackfinch Spring VCT's Return-on-Tangible-Asset too high?
Blackfinch Spring VCT's current Return-on-Tangible-Asset is -7.61%. Based on the distribution chart, Blackfinch Spring VCT ranks #1372 out of 1636 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Blackfinch Spring VCT has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackfinch Spring VCT's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Blackfinch Spring VCT ranks #1372 out of 1636 companies for Return-on-Tangible-Asset. This places Blackfinch Spring VCT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.24. 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 4.24, based on 1,636 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. 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 Blackfinch Spring VCT and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackfinch Spring VCT's current Return-on-Tangible-Asset is -7.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackfinch Spring VCT stock overvalued right now?
Based on GuruFocus' analysis, Blackfinch Spring VCT (LSE:BFSP) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.42, compared to a current price of £0.82 — trading 94% above its estimated fair value. The current Return-on-Tangible-Asset is -7.61%. Blackfinch Spring VCT's overall GF Score™ is 33/100. 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 Blackfinch Spring VCT (LSE:BFSP), the current Return-on-Tangible-Asset is -7.61% 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 Blackfinch Spring VCT (LSE:BFSP) Overvalued in 2026?
Based on GuruFocus' analysis, Blackfinch Spring VCT stock appears to be overvalued.
The current stock price of £0.82 is trading 94% above its estimated GF Value™ of £0.42.
GuruFocus considers Blackfinch Spring VCT to be Significantly Overvalued.
Key valuation signals for LSE:BFSP:
Return-on-Tangible-Asset: -7.61%
GF Value™: £0.42 vs. price of £0.82 (94% above fair value)
No single metric tells the full story. See the LSE:BFSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blackfinch Spring VCT PLC is an investment management company. Its objective is to invest in growth-stage technology-enabled companies that are on their scale-up journey. The Company is engaged in a single segment of business, being the investment business.
33GF Score
Get the complete analysis for LSE:BFSP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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