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.
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.
The Global Smaller TrustLSE:GSCT 39 Return-on-Tangible-Asset is 7.57% as of Apr. 2026, which is 39% above its 10-year median of 5.43. GuruFocus rates LSE:GSCT with a GF Score™ of 39/100. The stock has 3 warning signs investors should review. Among 1,633 Asset Management companies, The Global Smaller Trust ranks better than 83.28% 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. The Global Smaller Trust's annualizedNet Income for the quarter that ended in Apr. 2026 was £66.2 Mil. The Global Smaller Trust's average total tangible assets for the quarter that ended in Apr. 2026 was £875.3 Mil. Therefore, The Global Smaller Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 7.57%.
The historical rank and industry rank for The Global Smaller Trust's Return-on-Tangible-Asset or its related term are showing as below:
LSE:GSCT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.61 Med: 5.43 Max: 36
Current: 17.32
During the past 13 years, The Global Smaller Trust's highest Return-on-Tangible-Asset was 36.00%. The lowest was -13.61%. And the median was 5.43%.
LSE:GSCT's Return-on-Tangible-Asset is ranked better than 83.28% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs LSE:GSCT: 17.32
The Global Smaller Trust (LSE:GSCT) 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.
The Global Smaller Trust Return-on-Tangible-Asset Related Terms
The Global Smaller Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for The Global Smaller Trust'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.
The Global Smaller Trust Return-on-Tangible-Asset Chart
LSE:GSCT vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, The Global Smaller 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.
The Global Smaller Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, The Global Smaller Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The Global Smaller 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 two times the semi-annual (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.57% mean?
The Global Smaller Trust (LSE:GSCT) has a Return-on-Tangible-Asset of 7.57% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on The Global Smaller Trust and its competitors. This is 39% above median its historical median of 5.43. According to the industry distribution chart, The Global Smaller Trust ranks #273 out of 1633 companies in the Asset Management industry, placing it in the top 16.7%.
Is The Global Smaller Trust's Return-on-Tangible-Asset too high?
The Global Smaller Trust's current Return-on-Tangible-Asset of 7.57% is 39% above median its 10-year median of 5.43. The Asset Management industry median Return-on-Tangible-Asset is 4.25. The Global Smaller Trust's value of 7.57% is 78.1% above this industry median. Based on the distribution chart, The Global Smaller Trust ranks #273 out of 1633 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, The Global Smaller Trust has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does The Global Smaller Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, The Global Smaller Trust ranks #273 out of 1633 companies for Return-on-Tangible-Asset. This places The Global Smaller Trust in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.25. The Global Smaller Trust's value of 7.57% is 78.1% above this benchmark. While the company's 10-year median is 5.43 vs. the industry median of 4.25, The Global Smaller 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 4.25, based on 1,633 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. The Global Smaller Trust's current Return-on-Tangible-Asset of 7.57% is 78.1% 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 The Global Smaller Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Global Smaller Trust's current Return-on-Tangible-Asset is 7.57%, which is 39% above median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Global Smaller Trust stock overvalued right now?
The Global Smaller Trust (LSE:GSCT) has a current Return-on-Tangible-Asset of 7.57%. The current Return-on-Tangible-Asset is 7.57%, which is 39% above median its 10-year median of 5.43 and 78.1% above the Asset Management industry median of 4.25. The Global Smaller Trust's overall GF Score™ is 39/100 with 3 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 The Global Smaller Trust (LSE:GSCT), the current Return-on-Tangible-Asset is 7.57% as of Apr. 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.
The Global Smaller Companies Trust PLC offers investors access to a broad spread International smaller companies portfolio. Its investment objective is to invest in smaller companies world-wide to secure a high total return. The portfolio consists of individual smaller company investments within the the USA, UK, and European markets, and fund holdings targeting smaller companies in Japan, Asia, Latin America, and other smaller territories.
39GF Score
Get the complete analysis for LSE:GSCT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:GSCT has been successfully added to your 
