Sprott Focus TrustFUND -1.16%43 Return-on-Tangible-Equity is 34.43% as of Dec. 2025, which is 226% above its 10-year median of 10.57. GuruFocus rates FUND with a GF Score™ of 43/100 and a GF Value™ of $25.42 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,588 Asset Management companies, Sprott Focus Trust ranks better than 79.28% 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. Sprott Focus Trust's annualized net income for the quarter that ended in Dec. 2025 was $92.32 Mil. Sprott Focus Trust's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $268.12 Mil. Therefore, Sprott Focus Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 34.43%.
The historical rank and industry rank for Sprott Focus Trust's Return-on-Tangible-Equity or its related term are showing as below:
FUND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.1 Med: 10.57 Max: 27.91
Current: 20.59
During the past 9 years, Sprott Focus Trust's highest Return-on-Tangible-Equity was 27.91%. The lowest was -19.10%. And the median was 10.57%.
FUND's Return-on-Tangible-Equity is ranked better than 79.28% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs FUND: 20.59
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.
Sprott Focus Trust Return-on-Tangible-Equity Related Terms
Sprott Focus Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sprott Focus 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.
FUND vs ARDC, NCA, NBH: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Sprott Focus 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.
Sprott Focus Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Focus Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sprott Focus Trust'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 34.43% mean?
Sprott Focus Trust (FUND) has a Return-on-Tangible-Equity of 34.43% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sprott Focus Trust and its competitors. This is 226% above median its historical median of 10.57. According to the industry distribution chart, Sprott Focus Trust ranks #329 out of 1588 companies in the Asset Management industry, placing it in the top 20.7%.
Is Sprott Focus Trust's Return-on-Tangible-Equity too high?
Sprott Focus Trust's current Return-on-Tangible-Equity of 34.43% is 226% above median its 10-year median of 10.57. The Asset Management industry median Return-on-Tangible-Equity is 7.17. Sprott Focus Trust's value of 34.43% is 380.5% above this industry median. Based on the distribution chart, Sprott Focus Trust ranks #329 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Focus Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Focus Trust's Return-on-Tangible-Equity compare to ARDC and NCA?
According to the Asset Management industry distribution chart, Sprott Focus Trust ranks #329 out of 1588 companies for Return-on-Tangible-Equity. This places Sprott Focus Trust in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.17. Sprott Focus Trust's value of 34.43% is 380.5% above this benchmark. While the company's 10-year median is 10.57 vs. the industry median of 7.17, Sprott Focus 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 7.17, 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. Sprott Focus Trust's current Return-on-Tangible-Equity of 34.43% is 380.5% 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 Sprott Focus Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sprott Focus Trust's current Return-on-Tangible-Equity is 34.43%, which is 226% above median its own 10-year median of 10.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Focus Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Focus Trust (FUND) is currently considered Significantly Undervalued. The stock's GF Value™ is $25.42, compared to a current price of $9.40 — trading 63% below its estimated fair value. The current Return-on-Tangible-Equity is 34.43%, which is 226% above median its 10-year median of 10.57 and 380.5% above the Asset Management industry median of 7.17. Sprott Focus Trust's overall GF Score™ is 43/100 with 3 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 Sprott Focus Trust (FUND), the current Return-on-Tangible-Equity is 34.43% as of Dec. 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 Sprott Focus Trust (FUND) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Focus Trust stock appears to be undervalued.
The current stock price of $9.40 is trading 63% below its estimated GF Value™ of $25.42.
GuruFocus considers Sprott Focus Trust to be Significantly Undervalued.
Key valuation signals for FUND:
Return-on-Tangible-Equity: 34.43% (226% above median its 10-year median of 10.57)
GF Value™: $25.42 vs. price of $9.40 (63% below fair value)
Industry Position: 380.5% above the Asset Management median (#329 of 1588)
No single metric tells the full story. See the FUND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Focus Trust Inc is a diversified closed-end investment company. Its primary investment objective is long-term capital growth. To achieve its objective, the Fund may invest its assets in equity securities and in direct obligations of the U.S. Government or its agencies and in the non-convertible preferred stocks & debt securities of domestic and foreign companies. It invests in various sectors, of which Materials, Financials, Energy, Information technology sector account for the majority weightage.
43GF Score
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