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.
TwentyFour Select Monthlyome FundLSE:SMIF +0.12%41 Return-on-Tangible-Asset is 0.12% as of Mar. 2026, which is 99% below its 10-year median of 8.28. GuruFocus rates LSE:SMIF with a GF Score™ of 41/100. The stock has 7 warning signs investors should review. Among 1,638 Asset Management companies, TwentyFour Select Monthlyome Fund ranks better than 58.91% on this metric.
The historical rank and industry rank for TwentyFour Select Monthlyome Fund's Return-on-Tangible-Asset or its related term are showing as below:
LSE:SMIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.1 Med: 8.28 Max: 19.04
Current: 6.15
During the past 12 years, TwentyFour Select Monthlyome Fund's highest Return-on-Tangible-Asset was 19.04%. The lowest was -21.10%. And the median was 8.28%.
LSE:SMIF's Return-on-Tangible-Asset is ranked better than 58.91% of 1638
companies
in the Asset Management industry
Industry Median: 4.23
vs LSE:SMIF: 6.15
TwentyFour Select Monthlyome Fund (LSE:SMIF) 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.
TwentyFour Select Monthlyome Fund Return-on-Tangible-Asset Related Terms
TwentyFour Select Monthlyome Fund 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.
TwentyFour Select Monthlyome Fund Return-on-Tangible-Asset Chart
LSE:SMIF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, TwentyFour Select Monthlyome Fund'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.
TwentyFour Select Monthlyome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, TwentyFour Select Monthlyome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TwentyFour Select Monthlyome Fund'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 0.12% mean?
TwentyFour Select Monthlyome Fund (LSE:SMIF) has a Return-on-Tangible-Asset of 0.12% 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 TwentyFour Select Monthlyome Fund and its competitors. This is 99% below median its historical median of 8.28. According to the industry distribution chart, TwentyFour Select Monthlyome Fund ranks #673 out of 1638 companies in the Asset Management industry, placing it in the top 41.1%.
Is TwentyFour Select Monthlyome Fund's Return-on-Tangible-Asset too high?
TwentyFour Select Monthlyome Fund's current Return-on-Tangible-Asset of 0.12% is 99% below median its 10-year median of 8.28. The Asset Management industry median Return-on-Tangible-Asset is 4.23. TwentyFour Select Monthlyome Fund's value of 0.12% is 97.2% below this industry median. Based on the distribution chart, TwentyFour Select Monthlyome Fund ranks #673 out of 1638 companies in the Asset Management industry, which is above the industry midpoint. Overall, TwentyFour Select Monthlyome Fund has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does TwentyFour Select Monthlyome Fund's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, TwentyFour Select Monthlyome Fund ranks #673 out of 1638 companies for Return-on-Tangible-Asset. This puts TwentyFour Select Monthlyome Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. TwentyFour Select Monthlyome Fund's value of 0.12% is 97.2% below this benchmark. While the company's 10-year median is 8.28 vs. the industry median of 4.23, TwentyFour Select Monthlyome Fund has consistently been below 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 4.23, based on 1,638 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. TwentyFour Select Monthlyome Fund's current Return-on-Tangible-Asset of 0.12% is 97.2% below 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 TwentyFour Select Monthlyome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TwentyFour Select Monthlyome Fund's current Return-on-Tangible-Asset is 0.12%, which is 99% below median its own 10-year median of 8.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TwentyFour Select Monthlyome Fund stock overvalued right now?
TwentyFour Select Monthlyome Fund (LSE:SMIF) has a current Return-on-Tangible-Asset of 0.12%. The current Return-on-Tangible-Asset is 0.12%, which is 99% below median its 10-year median of 8.28 and 97.2% below the Asset Management industry median of 4.23. TwentyFour Select Monthlyome Fund's overall GF Score™ is 41/100 with 7 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 TwentyFour Select Monthlyome Fund (LSE:SMIF), the current Return-on-Tangible-Asset is 0.12% 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.
TwentyFour Select Monthlyome Fund Business Description
TwentyFour Select Monthly Income Fund Ltd is a closed-ended investment company registered in Guernsey. Its investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The company's investment policy is to invest in a diversified portfolio that comprises any category of credit security including bank capital, corporate bonds, high-yield bonds, leveraged loans, payment-in-kind notes, and asset-backed securities.
41GF Score
Get the complete analysis for LSE:SMIF
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:SMIF has been successfully added to your 
