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.
Polar Capital Global Financials TrustLSE:PCFT +0.82%39 Return-on-Tangible-Asset is 7.90% as of May. 2026, which is 17% below its 10-year median of 9.50. GuruFocus rates LSE:PCFT with a GF Score™ of 39/100. The stock has 6 warning signs investors should review. Among 1,633 Asset Management companies, Polar Capital Global Financials Trust ranks better than 67.79% on this metric.
The historical rank and industry rank for Polar Capital Global Financials Trust's Return-on-Tangible-Asset or its related term are showing as below:
LSE:PCFT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.25 Med: 9.5 Max: 25.79
Current: 9.21
During the past 13 years, Polar Capital Global Financials Trust's highest Return-on-Tangible-Asset was 25.79%. The lowest was -18.25%. And the median was 9.50%.
LSE:PCFT's Return-on-Tangible-Asset is ranked better than 67.79% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs LSE:PCFT: 9.21
Polar Capital Global Financials Trust (LSE:PCFT) 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.
Polar Capital Global Financials Trust Return-on-Tangible-Asset Related Terms
Polar Capital Global Financials 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.
Polar Capital Global Financials Trust Return-on-Tangible-Asset Chart
LSE:PCFT vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Polar Capital Global Financials 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.
Polar Capital Global Financials Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Polar Capital Global Financials Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Polar Capital Global Financials 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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.90% mean?
Polar Capital Global Financials Trust (LSE:PCFT) has a Return-on-Tangible-Asset of 7.90% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Polar Capital Global Financials Trust and its competitors. This is 17% below median its historical median of 9.50. According to the industry distribution chart, Polar Capital Global Financials Trust ranks #526 out of 1633 companies in the Asset Management industry, placing it in the top 32.2%.
Is Polar Capital Global Financials Trust's Return-on-Tangible-Asset too high?
Polar Capital Global Financials Trust's current Return-on-Tangible-Asset of 7.90% is 17% below median its 10-year median of 9.50. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Polar Capital Global Financials Trust's value of 7.90% is 85.9% above this industry median. Based on the distribution chart, Polar Capital Global Financials Trust ranks #526 out of 1633 companies in the Asset Management industry, which is above the industry midpoint. Overall, Polar Capital Global Financials Trust has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Global Financials Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Global Financials Trust ranks #526 out of 1633 companies for Return-on-Tangible-Asset. This puts Polar Capital Global Financials Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.25. Polar Capital Global Financials Trust's value of 7.90% is 85.9% above this benchmark. While the company's 10-year median is 9.50 vs. the industry median of 4.25, Polar Capital Global Financials 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. Polar Capital Global Financials Trust's current Return-on-Tangible-Asset of 7.90% is 85.9% 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 Polar Capital Global Financials 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. Polar Capital Global Financials Trust's current Return-on-Tangible-Asset is 7.90%, which is 17% below median its own 10-year median of 9.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Capital Global Financials Trust stock overvalued right now?
Polar Capital Global Financials Trust (LSE:PCFT) has a current Return-on-Tangible-Asset of 7.90%. The current Return-on-Tangible-Asset is 7.90%, which is 17% below median its 10-year median of 9.50 and 85.9% above the Asset Management industry median of 4.25. Polar Capital Global Financials Trust's overall GF Score™ is 39/100 with 6 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 Polar Capital Global Financials Trust (LSE:PCFT), the current Return-on-Tangible-Asset is 7.90% as of May. 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.
Polar Capital Global Financials Trust Business Description
Polar Capital Global Financials Trust PLC is an asset management firm based in the United Kingdom. Its core objective is to provide its investors with a growing dividend income with capital appreciation. To achieve this, it invests in listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other subsectors. Its portfolio entails equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options, and other instruments, including derivatives. It has a diversified portfolio of investments in different geographical regions such as North America, Europe, Asia, the United Kingdom, Latin America, Japan and East Europe.
39GF Score
Get the complete analysis for LSE:PCFT
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:PCFT has been successfully added to your 
