F&C Investment TrustLSE:FCIT -0.29%60 Return-on-Tangible-Equity is 22.61% as of Dec. 2025, which is 66% above its 10-year median of 13.66. GuruFocus rates LSE:FCIT with a GF Score™ of 60/100 and a GF Value™ of £3.35 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,589 Asset Management companies, F&C Investment Trust ranks better than 63.69% 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. F&C Investment Trust's annualized net income for the quarter that ended in Dec. 2025 was £1,333.3 Mil. F&C Investment Trust's average shareholder tangible equity for the quarter that ended in Dec. 2025 was £5,896.1 Mil. Therefore, F&C Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 22.61%.
The historical rank and industry rank for F&C Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:
LSE:FCIT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.9 Med: 13.66 Max: 21.05
Current: 11.42
During the past 13 years, F&C Investment Trust's highest Return-on-Tangible-Equity was 21.05%. The lowest was -9.90%. And the median was 13.66%.
LSE:FCIT's Return-on-Tangible-Equity is ranked better than 63.69% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs LSE:FCIT: 11.42
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.
F&C Investment Trust Return-on-Tangible-Equity Related Terms
F&C Investment Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for F&C Investment 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.
LSE:FCIT vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, F&C Investment 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.
F&C Investment Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, F&C Investment Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where F&C Investment 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 22.61% mean?
F&C Investment Trust (LSE:FCIT) has a Return-on-Tangible-Equity of 22.61% 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 F&C Investment Trust and its competitors. This is 66% above median its historical median of 13.66. According to the industry distribution chart, F&C Investment Trust ranks #577 out of 1589 companies in the Asset Management industry, placing it in the top 36.3%.
Is F&C Investment Trust's Return-on-Tangible-Equity too high?
F&C Investment Trust's current Return-on-Tangible-Equity of 22.61% is 66% above median its 10-year median of 13.66. The Asset Management industry median Return-on-Tangible-Equity is 7.21. F&C Investment Trust's value of 22.61% is 213.6% above this industry median. Based on the distribution chart, F&C Investment Trust ranks #577 out of 1589 companies in the Asset Management industry, which is above the industry midpoint. Overall, F&C Investment Trust has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does F&C Investment Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, F&C Investment Trust ranks #577 out of 1589 companies for Return-on-Tangible-Equity. This puts F&C Investment Trust in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. F&C Investment Trust's value of 22.61% is 213.6% above this benchmark. While the company's 10-year median is 13.66 vs. the industry median of 7.21, F&C Investment 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. F&C Investment Trust's current Return-on-Tangible-Equity of 22.61% is 213.6% 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 F&C Investment 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. F&C Investment Trust's current Return-on-Tangible-Equity is 22.61%, which is 66% above median its own 10-year median of 13.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is F&C Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, F&C Investment Trust (LSE:FCIT) is currently considered Fairly Valued. The stock's GF Value™ is £3.35, compared to a current price of £3.45 — trading 3% above its estimated fair value. The current Return-on-Tangible-Equity is 22.61%, which is 66% above median its 10-year median of 13.66 and 213.6% above the Asset Management industry median of 7.21. F&C Investment Trust's overall GF Score™ is 60/100 with 7 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 F&C Investment Trust (LSE:FCIT), the current Return-on-Tangible-Equity is 22.61% 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 F&C Investment Trust (LSE:FCIT) Overvalued in 2026?
Based on GuruFocus' analysis, F&C Investment Trust stock appears to be overvalued.
The current stock price of £3.45 is trading 3% above its estimated GF Value™ of £3.35.
GuruFocus considers F&C Investment Trust to be Fairly Valued.
Key valuation signals for LSE:FCIT:
Return-on-Tangible-Equity: 22.61% (66% above median its 10-year median of 13.66)
GF Value™: £3.35 vs. price of £3.45 (3% above fair value)
Industry Position: 213.6% above the Asset Management median (#577 of 1589)
No single metric tells the full story. See the LSE:FCIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
F&C Investment Trust PLC is an investment company. Its objective is to achieve long-term growth in capital and income for its shareholders through a policy of investing in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, combined with the use of gearing. Its investment holdings mainly comprise equity securities of listed companies like Amazon, Nvidia, Microsoft, Apple, and others.
60GF Score
Get the complete analysis for LSE:FCIT
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:FCIT has been successfully added to your 
