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The historical rank and industry rank for Montanaro European Smaller Trust's Return-on-Tangible-Asset or its related term are showing as below:
LSE:MTE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.06 Med: 5.18 Max: 47.3
Current: 2.41
During the past 13 years, Montanaro European Smaller Trust's highest Return-on-Tangible-Asset was 47.30%. The lowest was -7.06%. And the median was 5.18%.
LSE:MTE's Return-on-Tangible-Asset is ranked worse than 60.11% of 1637
companies
in the Asset Management industry
Industry Median: 4.39
vs LSE:MTE: 2.41
Montanaro European Smaller Trust (LSE:MTE) 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.
Montanaro European Smaller Trust Return-on-Tangible-Asset Related Terms
Montanaro European Smaller 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.
Montanaro European Smaller Trust Return-on-Tangible-Asset Chart
LSE:MTE vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Montanaro European 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.
Montanaro European Smaller Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Montanaro European Smaller Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Montanaro European 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -21.14% mean?
Montanaro European Smaller Trust (LSE:MTE) has a Return-on-Tangible-Asset of -21.14% 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 Montanaro European Smaller Trust and its competitors. According to the industry distribution chart, Montanaro European Smaller Trust ranks #984 out of 1637 companies in the Asset Management industry, placing it in the top 60.1%.
Is Montanaro European Smaller Trust's Return-on-Tangible-Asset too high?
Montanaro European Smaller Trust's current Return-on-Tangible-Asset is -21.14%. Based on the distribution chart, Montanaro European Smaller Trust ranks #984 out of 1637 companies in the Asset Management industry, which is below the industry midpoint. Overall, Montanaro European Smaller Trust has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Montanaro European Smaller Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Montanaro European Smaller Trust ranks #984 out of 1637 companies for Return-on-Tangible-Asset. This places Montanaro European Smaller Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.39. 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 4.39, 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 Montanaro European Smaller Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Montanaro European Smaller Trust's current Return-on-Tangible-Asset is -21.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Montanaro European Smaller Trust stock overvalued right now?
Montanaro European Smaller Trust (LSE:MTE) has a current Return-on-Tangible-Asset of -21.14%. The current Return-on-Tangible-Asset is -21.14%. Montanaro European Smaller Trust's overall GF Score™ is 39/100 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 Montanaro European Smaller Trust (LSE:MTE), the current Return-on-Tangible-Asset is -21.14% 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.
Montanaro European Smaller Companies Trust PLC is an investment trust. The company's investment objective is to achieve capital growth by investing principally in Continental European quoted smaller companies. Its benchmark index is the MSCI Europe SmallCap (ex UK) Index (in sterling terms). It has a presence in Sweden, Germany, Italy, Switzerland, France, Norway, Netherlands, Denmark, Spain, Belgium, Portugal, and Austria. The company invests in Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials, Information Technology, Communication Services, and Property sectors.
39GF Score
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