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BlackRock World Mining TrustLSE:BRWM -3.57%41 Return-on-Tangible-Equity is 93.58% as of Dec. 2025, which is 433% above its 10-year median of 17.57. GuruFocus rates LSE:BRWM with a GF Score™ of 41/100. The stock has 1 warning sign investors should review. Among 1,589 Asset Management companies, BlackRock World Mining Trust ranks better than 94.78% 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 World Mining Trust's annualized net income for the quarter that ended in Dec. 2025 was £1,221.8 Mil. BlackRock World Mining Trust's average shareholder tangible equity for the quarter that ended in Dec. 2025 was £1,305.6 Mil. Therefore, BlackRock World Mining Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 93.58%.
The historical rank and industry rank for BlackRock World Mining Trust's Return-on-Tangible-Equity or its related term are showing as below:
LSE:BRWM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.22 Med: 17.57 Max: 63.31
Current: 57.6
During the past 13 years, BlackRock World Mining Trust's highest Return-on-Tangible-Equity was 63.31%. The lowest was -12.22%. And the median was 17.57%.
LSE:BRWM's Return-on-Tangible-Equity is ranked better than 94.78% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs LSE:BRWM: 57.60
BlackRock World Mining Trust (LSE:BRWM) 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 World Mining Trust Return-on-Tangible-Equity Related Terms
BlackRock World Mining Trust 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.
BlackRock World Mining Trust Return-on-Tangible-Equity Chart
LSE:BRWM vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, BlackRock World Mining 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 World Mining Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock World Mining Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BlackRock World Mining 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 93.58% mean?
BlackRock World Mining Trust (LSE:BRWM) has a Return-on-Tangible-Equity of 93.58% 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 BlackRock World Mining Trust and its competitors. This is 433% above median its historical median of 17.57. According to the industry distribution chart, BlackRock World Mining Trust ranks #83 out of 1589 companies in the Asset Management industry, placing it in the top 5.2%.
Is BlackRock World Mining Trust's Return-on-Tangible-Equity too high?
BlackRock World Mining Trust's current Return-on-Tangible-Equity of 93.58% is 433% above median its 10-year median of 17.57. The Asset Management industry median Return-on-Tangible-Equity is 7.21. BlackRock World Mining Trust's value of 93.58% is 1197.9% above this industry median. Based on the distribution chart, BlackRock World Mining Trust ranks #83 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, BlackRock World Mining Trust has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock World Mining Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, BlackRock World Mining Trust ranks #83 out of 1589 companies for Return-on-Tangible-Equity. This places BlackRock World Mining Trust in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. BlackRock World Mining Trust's value of 93.58% is 1197.9% above this benchmark. While the company's 10-year median is 17.57 vs. the industry median of 7.21, BlackRock World Mining 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 1,589 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 World Mining Trust's current Return-on-Tangible-Equity of 93.58% is 1197.9% 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 World Mining 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 World Mining Trust's current Return-on-Tangible-Equity is 93.58%, which is 433% above median its own 10-year median of 17.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock World Mining Trust stock overvalued right now?
BlackRock World Mining Trust (LSE:BRWM) has a current Return-on-Tangible-Equity of 93.58%. The current Return-on-Tangible-Equity is 93.58%, which is 433% above median its 10-year median of 17.57 and 1197.9% above the Asset Management industry median of 7.21. BlackRock World Mining Trust's overall GF Score™ is 41/100 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 World Mining Trust (LSE:BRWM), the current Return-on-Tangible-Equity is 93.58% 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.
BlackRock World Mining Trust PLC is a UK-based investment trust company. Its primary investment objective is to maximize total returns to shareholders through a portfolio of mining and metal securities. It focuses on investing in quoted securities, royalties derived from the production of metals and minerals, as well as physical metals. It may utilize derivative instruments such as options, futures, and contracts for difference to enhance the performance of the group to meet its objectives.
41GF Score
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