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Royce Global Value TrustRGT -1.18%52 Return-on-Tangible-Asset is 74.94% as of Jun. 2026, which is 345% above its 10-year median of 16.83. GuruFocus rates RGT with a GF Scoreâ„¢ of 52/100 and a GF Valueâ„¢ of $133.39 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,618 Asset Management companies, Royce Global Value Trust ranks better than 98.83% 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. Royce Global Value Trust's annualizedNet Income for the quarter that ended in Jun. 2026 was $1,028.0 Mil. Royce Global Value Trust's average total tangible assets for the quarter that ended in Jun. 2026 was $1,371.6 Mil. Therefore, Royce Global Value Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 74.94%.
The historical rank and industry rank for Royce Global Value Trust's Return-on-Tangible-Asset or its related term are showing as below:
RGT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29.66 Med: 16.83 Max: 445.33
Current: 58.87
During the past 10 years, Royce Global Value Trust's highest Return-on-Tangible-Asset was 445.33%. The lowest was -29.66%. And the median was 16.83%.
RGT's Return-on-Tangible-Asset is ranked better than 98.83% of 1618
companies
in the Asset Management industry
Industry Median: 4.68
vs RGT: 58.87
Royce Global Value Trust (NYSE:RGT) 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 companyÂ’s 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 companyÂ’s 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.
Royce Global Value Trust Return-on-Tangible-Asset Related Terms
Royce Global Value Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Royce Global Value 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.
Royce Global Value Trust Return-on-Tangible-Asset Chart
RGT vs ERH, PGP, PFX: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Royce Global Value 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.
Royce Global Value Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Global Value Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Royce Global Value 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 74.94% mean?
Royce Global Value Trust (RGT) has a Return-on-Tangible-Asset of 74.94% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Royce Global Value Trust and its competitors. This is 345% above median its historical median of 16.83. According to the industry distribution chart, Royce Global Value Trust ranks #19 out of 1618 companies in the Asset Management industry, placing it in the top 1.2%.
Is Royce Global Value Trust's Return-on-Tangible-Asset too high?
Royce Global Value Trust's current Return-on-Tangible-Asset of 74.94% is 345% above median its 10-year median of 16.83. The Asset Management industry median Return-on-Tangible-Asset is 4.68. Royce Global Value Trust's value of 74.94% is 1501.3% above this industry median. Based on the distribution chart, Royce Global Value Trust ranks #19 out of 1618 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Royce Global Value Trust has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Royce Global Value Trust's Return-on-Tangible-Asset compare to ERH and PGP?
According to the Asset Management industry distribution chart, Royce Global Value Trust ranks #19 out of 1618 companies for Return-on-Tangible-Asset. This places Royce Global Value Trust in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.68. Royce Global Value Trust's value of 74.94% is 1501.3% above this benchmark. While the company's 10-year median is 16.83 vs. the industry median of 4.68, Royce Global Value 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 4.68, based on 1,618 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. Royce Global Value Trust's current Return-on-Tangible-Asset of 74.94% is 1501.3% 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 Royce Global Value Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Global Value Trust's current Return-on-Tangible-Asset is 74.94%, which is 345% above median its own 10-year median of 16.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Global Value Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Global Value Trust (RGT) is currently considered Possible Value Trap. The stock's GF Value™ is $133.39, compared to a current price of $15.00 — trading 88.8% below its estimated fair value. The current Return-on-Tangible-Asset is 74.94%, which is 345% above median its 10-year median of 16.83 and 1501.3% above the Asset Management industry median of 4.68. Royce Global Value Trust's overall GF Score™ is 52/100 with 4 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 Royce Global Value Trust (RGT), the current Return-on-Tangible-Asset is 74.94% as of Jun. 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 Royce Global Value Trust (RGT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Global Value Trust stock appears to be undervalued.
The current stock price of $15.00 is trading 88.8% below its estimated GF Value™ of $133.39.
GuruFocus considers Royce Global Value Trust to be Possible Value Trap.
Key valuation signals for RGT:
Return-on-Tangible-Asset: 74.94% (345% above median its 10-year median of 16.83)
GF Value™: $133.39 vs. price of $15.00 (88.8% below fair value)
Industry Position: 1501.3% above the Asset Management median (#19 of 1618)
No single metric tells the full story. See the RGT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Global Value Trust Inc is a diversified closed-end investment company. The Fund spreads its investments across diversified sectors such as information technology, consumer discretionary, health care, materials, consumer staples and energy. Geographically, it has presence in the United Kingdom, Japan, the United States, Canada, France, Hong Kong and Germany.
52GF Score
Get the complete analysis for RGT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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