BlackRock Smaller Trust (CHIX:BRSCL) Return-on-Tangible-Equity: 15.89% (As of Feb. 2026) — 89% Above Median


CHIX:BRSCL BlackRock Smaller Companies Trust PLC CHIX:BRSCL
38 GF Score
Price £2.72
! 1 Warning Sign
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What is BlackRock Smaller Trust Return-on-Tangible-Equity?

BlackRock Smaller Trust CHIX:BRSCL 38 Return-on-Tangible-Equity is 15.89% as of Feb. 2026, which is 89% above its 10-year median of 8.42. GuruFocus rates CHIX:BRSCL with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 1,591 Asset Management companies, BlackRock Smaller Trust ranks better than 60.09% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. BlackRock Smaller Trust's annualized net income for the quarter that ended in Feb. 2026 was £94.63 Mil. BlackRock Smaller Trust's average shareholder tangible equity for the quarter that ended in Feb. 2026 was £595.73 Mil. Therefore, BlackRock Smaller Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 15.89%.

The historical rank and industry rank for BlackRock Smaller Trust's Return-on-Tangible-Equity or its related term are showing as below:

CHIX:BRSCl' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.8   Med: 8.42   Max: 24.41
Current: 10

During the past 13 years, BlackRock Smaller Trust's highest Return-on-Tangible-Equity was 24.41%. The lowest was -16.80%. And the median was 8.42%.

CHIX:BRSCl's Return-on-Tangible-Equity is ranked better than
60.09% of 1591 companies
in the Asset Management industry
Industry Median: 7.21 vs CHIX:BRSCl: 10.00

BlackRock Smaller Trust  (CHIX:BRSCl) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


BlackRock Smaller Trust Return-on-Tangible-Equity Related Terms


BlackRock Smaller Trust Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for BlackRock Smaller Trust's Return-on-Tangible-Equity 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.

BlackRock Smaller Trust Return-on-Tangible-Equity Chart

BlackRock Smaller Trust Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.95 -16.80 -4.53 -0.66 9.88

BlackRock Smaller Trust Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.76 27.26 -29.90 4.29 15.89

CHIX:BRSCL vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison

For the Asset Management subindustry, BlackRock Smaller Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


BlackRock Smaller Trust Return-on-Tangible-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock Smaller Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where BlackRock Smaller Trust's Return-on-Tangible-Equity falls into.


CHIX:BRSCL
38GF Score
BlackRock Smaller Companies Trust PLC CHIX:BRSCL
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRock Smaller Trust Return-on-Tangible-Equity Calculation

BlackRock Smaller Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=60.205/( (614.779+603.842 )/ 2 )
=60.205/609.3105
=9.88 %

BlackRock Smaller Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=94.632/( (587.621+603.842)/ 2 )
=94.632/595.7315
=15.89 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Feb. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 15.89% mean?
BlackRock Smaller Trust (CHIX:BRSCL) has a Return-on-Tangible-Equity of 15.89% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BlackRock Smaller Trust and its competitors. This is 89% above median its historical median of 8.42. According to the industry distribution chart, BlackRock Smaller Trust ranks #635 out of 1591 companies in the Asset Management industry, placing it in the top 39.9%.
Is BlackRock Smaller Trust's Return-on-Tangible-Equity too high?
BlackRock Smaller Trust's current Return-on-Tangible-Equity of 15.89% is 89% above median its 10-year median of 8.42. The Asset Management industry median Return-on-Tangible-Equity is 7.21. BlackRock Smaller Trust's value of 15.89% is 120.4% above this industry median. Based on the distribution chart, BlackRock Smaller Trust ranks #635 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. Overall, BlackRock Smaller Trust has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock Smaller Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, BlackRock Smaller Trust ranks #635 out of 1591 companies for Return-on-Tangible-Equity. This puts BlackRock Smaller Trust in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. BlackRock Smaller Trust's value of 15.89% is 120.4% above this benchmark. While the company's 10-year median is 8.42 vs. the industry median of 7.21, BlackRock 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock Smaller Trust's current Return-on-Tangible-Equity of 15.89% is 120.4% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BlackRock Smaller Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock Smaller Trust's current Return-on-Tangible-Equity is 15.89%, which is 89% above median its own 10-year median of 8.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Smaller Trust stock overvalued right now?
BlackRock Smaller Trust (CHIX:BRSCL) has a current Return-on-Tangible-Equity of 15.89%. The current Return-on-Tangible-Equity is 15.89%, which is 89% above median its 10-year median of 8.42 and 120.4% above the Asset Management industry median of 7.21. BlackRock Smaller Trust's overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For BlackRock Smaller Trust (CHIX:BRSCL), the current Return-on-Tangible-Equity is 15.89% as of Feb. 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.

BlackRock Smaller Trust Business Description

Other Exchanges BRSC:UK
Address 20 Brandon Street, Dundas House, Edinburgh, GBR, EH3 5PP
BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.
38GF Score

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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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