Henderson Smaller Investment Trust (LSE:HSL) Return-on-Tangible-Equity: 7.67% (As of Nov. 2025)


LSE:HSL Henderson Smaller Companies Investment Trust PLC LSE:HSL
37 GF Score
Price £8.98
! 4 Warning Signs
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What is Henderson Smaller Investment Trust Return-on-Tangible-Equity?

Henderson Smaller Investment Trust LSE:HSL -2.39% 37 Return-on-Tangible-Equity is 7.67% as of Nov. 2025. GuruFocus rates LSE:HSL with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, Henderson Smaller Investment Trust ranks worse than 72.81% 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. Henderson Smaller Investment Trust's annualized net income for the quarter that ended in Nov. 2025 was £46.07 Mil. Henderson Smaller Investment Trust's average shareholder tangible equity for the quarter that ended in Nov. 2025 was £600.62 Mil. Therefore, Henderson Smaller Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 7.67%.

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

LSE:HSL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.22   Med: -3.87   Max: 45.1
Current: 0.87

During the past 13 years, Henderson Smaller Investment Trust's highest Return-on-Tangible-Equity was 45.10%. The lowest was -19.22%. And the median was -3.87%.

LSE:HSL's Return-on-Tangible-Equity is ranked worse than
72.81% of 1589 companies
in the Asset Management industry
Industry Median: 7.18 vs LSE:HSL: 0.87

Henderson Smaller Investment Trust  (LSE:HSL) 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.


Henderson Smaller Investment Trust Return-on-Tangible-Equity Related Terms


Henderson Smaller Investment Trust Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Henderson Smaller 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.

Henderson Smaller Investment Trust Return-on-Tangible-Equity Chart

Henderson Smaller Investment Trust Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.10 -19.22 -14.79 13.12 -6.51

Henderson Smaller Investment Trust Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 -16.10 42.76 -7.57 -5.24 7.67

LSE:HSL vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison

For the Asset Management subindustry, Henderson Smaller 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.


Henderson Smaller Investment Trust Return-on-Tangible-Equity vs Asset Management Industry

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

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


LSE:HSL
37GF Score
Henderson Smaller Companies Investment Trust PLC LSE:HSL
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Henderson Smaller Investment Trust Return-on-Tangible-Equity Calculation

Henderson Smaller Investment Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=-44.994/( (747.34+634.324 )/ 2 )
=-44.994/690.832
=-6.51 %

Henderson Smaller Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=46.074/( (634.324+566.906)/ 2 )
=46.074/600.615
=7.67 %

* 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 7.67% mean?
Henderson Smaller Investment Trust (LSE:HSL) has a Return-on-Tangible-Equity of 7.67% 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 Henderson Smaller Investment Trust and its competitors. According to the industry distribution chart, Henderson Smaller Investment Trust ranks #1157 out of 1589 companies in the Asset Management industry, placing it in the top 72.8%.
Is Henderson Smaller Investment Trust's Return-on-Tangible-Equity too high?
Henderson Smaller Investment Trust's current Return-on-Tangible-Equity is 7.67%. The Asset Management industry median Return-on-Tangible-Equity is 7.18. Henderson Smaller Investment Trust's value of 7.67% is 6.8% above this industry median. Based on the distribution chart, Henderson Smaller Investment Trust ranks #1157 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, Henderson Smaller Investment Trust has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Henderson Smaller Investment Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Henderson Smaller Investment Trust ranks #1157 out of 1589 companies for Return-on-Tangible-Equity. This places Henderson Smaller Investment Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.18. Henderson Smaller Investment Trust's value of 7.67% is 6.8% above this benchmark. 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 7.18, 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. Henderson Smaller Investment Trust's current Return-on-Tangible-Equity of 7.67% is 6.8% 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 Henderson Smaller Investment Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henderson Smaller Investment Trust's current Return-on-Tangible-Equity is 7.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henderson Smaller Investment Trust stock overvalued right now?
Henderson Smaller Investment Trust (LSE:HSL) has a current Return-on-Tangible-Equity of 7.67%. The current Return-on-Tangible-Equity is 7.67% and 6.8% above the Asset Management industry median of 7.18. Henderson Smaller Investment Trust's overall GF Score™ is 37/100 with 4 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 Henderson Smaller Investment Trust (LSE:HSL), the current Return-on-Tangible-Equity is 7.67% 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.

Henderson Smaller Investment Trust Business Description

Address 201 Bishopsgate, London, GBR, EC2M 3AE
Henderson Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund. Its investment objective is to maximize shareholder's total returns by investing in smaller companies quoted in the United Kingdom. The company's only segment being the activity of investing in shares and securities for capital appreciation. Geographically, it operates only in the United Kingdom.
37GF 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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