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British Smaller VCTLSE:BSV 37 Return-on-Tangible-Asset is -3.15% as of Mar. 2026. GuruFocus rates LSE:BSV with a GF Score™ of 37/100 and a GF Value™ of £0.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,637 Asset Management companies, British Smaller VCT ranks worse than 71.72% 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. British Smaller VCT's annualizedNet Income for the quarter that ended in Mar. 2026 was £-8.97 Mil. British Smaller VCT's average total tangible assets for the quarter that ended in Mar. 2026 was £285.02 Mil. Therefore, British Smaller VCT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.15%.
The historical rank and industry rank for British Smaller VCT's Return-on-Tangible-Asset or its related term are showing as below:
LSE:BSV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.94 Med: 5.21 Max: 21.37
Current: 0.34
During the past 13 years, British Smaller VCT's highest Return-on-Tangible-Asset was 21.37%. The lowest was -5.94%. And the median was 5.21%.
LSE:BSV's Return-on-Tangible-Asset is ranked worse than 71.72% of 1637
companies
in the Asset Management industry
Industry Median: 4.33
vs LSE:BSV: 0.34
British Smaller VCT (LSE:BSV) 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.
British Smaller VCT Return-on-Tangible-Asset Related Terms
British Smaller VCT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for British Smaller 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.
British Smaller VCT Return-on-Tangible-Asset Chart
LSE:BSV vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, British Smaller 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.
British Smaller VCT Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, British Smaller VCT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where British Smaller 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -3.15% mean?
British Smaller VCT (LSE:BSV) has a Return-on-Tangible-Asset of -3.15% 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 British Smaller VCT and its competitors. According to the industry distribution chart, British Smaller VCT ranks #1174 out of 1637 companies in the Asset Management industry, placing it in the top 71.7%.
Is British Smaller VCT's Return-on-Tangible-Asset too high?
British Smaller VCT's current Return-on-Tangible-Asset is -3.15%. Based on the distribution chart, British Smaller VCT ranks #1174 out of 1637 companies in the Asset Management industry, which is below the industry midpoint. Overall, British Smaller VCT has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British Smaller VCT's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, British Smaller VCT ranks #1174 out of 1637 companies for Return-on-Tangible-Asset. This places British Smaller VCT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.33. 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 4.33, based on 1,637 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 British Smaller VCT and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British Smaller VCT's current Return-on-Tangible-Asset is -3.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British Smaller VCT stock overvalued right now?
Based on GuruFocus' analysis, British Smaller VCT (LSE:BSV) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.08, compared to a current price of £0.72 — trading 793.8% above its estimated fair value. The current Return-on-Tangible-Asset is -3.15%. British Smaller VCT's overall GF Score™ is 37/100 with 5 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 British Smaller VCT (LSE:BSV), the current Return-on-Tangible-Asset is -3.15% 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 British Smaller VCT (LSE:BSV) Overvalued in 2026?
Based on GuruFocus' analysis, British Smaller VCT stock appears to be overvalued.
The current stock price of £0.72 is trading 793.8% above its estimated GF Value™ of £0.08.
GuruFocus considers British Smaller VCT to be Significantly Overvalued.
Key valuation signals for LSE:BSV:
Return-on-Tangible-Asset: -3.15%
GF Value™: £0.08 vs. price of £0.72 (793.8% above fair value)
No single metric tells the full story. See the LSE:BSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
British Smaller Companies VCT PLC is a United Kingdom-based company. The company operates as a venture capital trust. The principal activity of the Company is the making of long-term equity and loan investments, mainly in unquoted businesses. The Company has engaged in a single operating segment: investing in equity and debt securities within the United Kingdom.
37GF Score
Get the complete analysis for LSE:BSV
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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