Brunner Investment Trust (The)CHIX:BUTL 67 Return-on-Tangible-Equity is 20.91% as of Nov. 2025, which is 88% above its 10-year median of 11.10. GuruFocus rates CHIX:BUTL with a GF Score™ of 67/100 and a GF Value™ of £23.59. The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Brunner Investment Trust (The) ranks better than 56.49% 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. Brunner Investment Trust (The)'s annualized net income for the quarter that ended in Nov. 2025 was £133.11 Mil. Brunner Investment Trust (The)'s average shareholder tangible equity for the quarter that ended in Nov. 2025 was £636.72 Mil. Therefore, Brunner Investment Trust (The)'s annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 20.91%.
The historical rank and industry rank for Brunner Investment Trust (The)'s Return-on-Tangible-Equity or its related term are showing as below:
CHIX:BUTl'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.06 Med: 11.1 Max: 19.24
Current: 8.81
During the past 13 years, Brunner Investment Trust (The)'s highest Return-on-Tangible-Equity was 19.24%. The lowest was -0.06%. And the median was 11.10%.
CHIX:BUTl's Return-on-Tangible-Equity is ranked better than 56.49% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs CHIX:BUTl: 8.81
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.
Brunner Investment Trust (The) Return-on-Tangible-Equity Related Terms
Brunner Investment Trust (The) Return-on-Tangible-Equity 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.
CHIX:BUTL vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Brunner Investment Trust (The)'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.
Brunner Investment Trust (The) Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Brunner Investment Trust (The)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Brunner Investment Trust (The)'s Return-on-Tangible-Equity 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-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 (Nov. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 20.91% mean?
Brunner Investment Trust (The) (CHIX:BUTL) has a Return-on-Tangible-Equity of 20.91% as of Nov. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Brunner Investment Trust (The) and its competitors. This is 88% above median its historical median of 11.10. According to the industry distribution chart, Brunner Investment Trust (The) ranks #691 out of 1588 companies in the Asset Management industry, placing it in the top 43.5%.
Is Brunner Investment Trust (The)'s Return-on-Tangible-Equity too high?
Brunner Investment Trust (The)'s current Return-on-Tangible-Equity of 20.91% is 88% above median its 10-year median of 11.10. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Brunner Investment Trust (The)'s value of 20.91% is 190.8% above this industry median. Based on the distribution chart, Brunner Investment Trust (The) ranks #691 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Brunner Investment Trust (The) has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Brunner Investment Trust (The)'s Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Brunner Investment Trust (The) ranks #691 out of 1588 companies for Return-on-Tangible-Equity. This puts Brunner Investment Trust (The) in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. Brunner Investment Trust (The)'s value of 20.91% is 190.8% above this benchmark. While the company's 10-year median is 11.10 vs. the industry median of 7.19, Brunner Investment Trust (The) 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 7.19, based on 1,588 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. Brunner Investment Trust (The)'s current Return-on-Tangible-Equity of 20.91% is 190.8% 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 Brunner Investment Trust (The) and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brunner Investment Trust (The)'s current Return-on-Tangible-Equity is 20.91%, which is 88% above median its own 10-year median of 11.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brunner Investment Trust (The) stock overvalued right now?
Brunner Investment Trust (The) (CHIX:BUTL) has a current Return-on-Tangible-Equity of 20.91%. The stock's GF Value™ is £23.59, compared to a current price of £14.50 — trading 38.5% below its estimated fair value. The current Return-on-Tangible-Equity is 20.91%, which is 88% above median its 10-year median of 11.10 and 190.8% above the Asset Management industry median of 7.19. Brunner Investment Trust (The)'s overall GF Score™ is 67/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Brunner Investment Trust (The) (CHIX:BUTL), the current Return-on-Tangible-Equity is 20.91% as of Nov. 2025. 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 Brunner Investment Trust (The) (CHIX:BUTL) Overvalued in 2026?
Based on GuruFocus' analysis, Brunner Investment Trust (The) stock appears to be undervalued.
The current stock price of £14.50 is trading 38.5% below its estimated GF Value™ of £23.59.
Key valuation signals for CHIX:BUTL:
Return-on-Tangible-Equity: 20.91% (88% above median its 10-year median of 11.10)
GF Value™: £23.59 vs. price of £14.50 (38.5% below fair value)
Industry Position: 190.8% above the Asset Management median (#691 of 1588)
No single metric tells the full story. See the CHIX:BUTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brunner Investment Trust (The) Business Description
Brunner Investment Trust (The) PLC is a United Kingdom-based investment trust. It aims to provide growth in capital value and dividends over the long term by investing in UK securities and international securities. The benchmark against which performance is measured is 70% FTSE World ex-UK Index and 30% FTSE All-Share Index. Its portfolio consists of securities from Industrials, Financials, Communication Services, Utilities, Health Care, Energy, and other industries.
67GF Score
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