Mavenome and Growth VCT 3 (LSE:MIG3) Return-on-Tangible-Equity: 6.54% (As of Nov. 2025) — 938% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:MIG3 Maven Income and Growth VCT 3 PLC LSE:MIG3
36 GF Score
Price £0.42
! 5 Warning Signs
View Full Analysis

What is Mavenome and Growth VCT 3 Return-on-Tangible-Equity?

Mavenome and Growth VCT 3 LSE:MIG3 36 Return-on-Tangible-Equity is 6.54% as of Nov. 2025, which is 938% above its 10-year median of 0.63. GuruFocus rates LSE:MIG3 with a GF Score™ of 36/100. The stock has 5 warning signs investors should review. Among 1,589 Asset Management companies, Mavenome and Growth VCT 3 ranks worse than 69.79% 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. Mavenome and Growth VCT 3's annualized net income for the quarter that ended in Nov. 2025 was £4.36 Mil. Mavenome and Growth VCT 3's average shareholder tangible equity for the quarter that ended in Nov. 2025 was £66.56 Mil. Therefore, Mavenome and Growth VCT 3's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 6.54%.

The historical rank and industry rank for Mavenome and Growth VCT 3's Return-on-Tangible-Equity or its related term are showing as below:

LSE:MIG3' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.72   Med: 0.63   Max: 14.32
Current: 1.87

During the past 13 years, Mavenome and Growth VCT 3's highest Return-on-Tangible-Equity was 14.32%. The lowest was -4.72%. And the median was 0.63%.

LSE:MIG3's Return-on-Tangible-Equity is ranked worse than
69.79% of 1589 companies
in the Asset Management industry
Industry Median: 7.21 vs LSE:MIG3: 1.87

Mavenome and Growth VCT 3  (LSE:MIG3) 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.


Mavenome and Growth VCT 3 Return-on-Tangible-Equity Related Terms


Mavenome and Growth VCT 3 Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Mavenome and Growth VCT 3'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.

Mavenome and Growth VCT 3 Return-on-Tangible-Equity Chart

Mavenome and Growth VCT 3 Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.32 -0.84 -4.72 4.10 1.90

Mavenome and Growth VCT 3 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 -2.37 4.58 3.47 -2.97 6.54

LSE:MIG3 vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison

For the Asset Management subindustry, Mavenome and Growth VCT 3'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.


Mavenome and Growth VCT 3 Return-on-Tangible-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mavenome and Growth VCT 3's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Mavenome and Growth VCT 3's Return-on-Tangible-Equity falls into.


LSE:MIG3
36GF Score
Maven Income and Growth VCT 3 PLC LSE:MIG3
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mavenome and Growth VCT 3 Return-on-Tangible-Equity Calculation

Mavenome and Growth VCT 3's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Nov. 2025 )  (A: Nov. 2024 )(A: Nov. 2025 )
=1.218/( (62.146+65.818 )/ 2 )
=1.218/63.982
=1.90 %

Mavenome and Growth VCT 3'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 )
=4.356/( (67.304+65.818)/ 2 )
=4.356/66.561
=6.54 %

* 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 6.54% mean?
Mavenome and Growth VCT 3 (LSE:MIG3) has a Return-on-Tangible-Equity of 6.54% 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 Mavenome and Growth VCT 3 and its competitors. This is 938% above median its historical median of 0.63. According to the industry distribution chart, Mavenome and Growth VCT 3 ranks #1109 out of 1589 companies in the Asset Management industry, placing it in the top 69.8%.
Is Mavenome and Growth VCT 3's Return-on-Tangible-Equity too high?
Mavenome and Growth VCT 3's current Return-on-Tangible-Equity of 6.54% is 938% above median its 10-year median of 0.63. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Mavenome and Growth VCT 3's value of 6.54% is 9.3% below this industry median. Based on the distribution chart, Mavenome and Growth VCT 3 ranks #1109 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, Mavenome and Growth VCT 3 has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Mavenome and Growth VCT 3's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Mavenome and Growth VCT 3 ranks #1109 out of 1589 companies for Return-on-Tangible-Equity. This places Mavenome and Growth VCT 3 in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Mavenome and Growth VCT 3's value of 6.54% is 9.3% below this benchmark. While the company's 10-year median is 0.63 vs. the industry median of 7.21, Mavenome and Growth VCT 3 has consistently been below 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. Mavenome and Growth VCT 3's current Return-on-Tangible-Equity of 6.54% is 9.3% below 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 Mavenome and Growth VCT 3 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. Mavenome and Growth VCT 3's current Return-on-Tangible-Equity is 6.54%, which is 938% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mavenome and Growth VCT 3 stock overvalued right now?
Mavenome and Growth VCT 3 (LSE:MIG3) has a current Return-on-Tangible-Equity of 6.54%. The current Return-on-Tangible-Equity is 6.54%, which is 938% above median its 10-year median of 0.63 and 9.3% below the Asset Management industry median of 7.21. Mavenome and Growth VCT 3's overall GF Score™ is 36/100 with 5 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 Mavenome and Growth VCT 3 (LSE:MIG3), the current Return-on-Tangible-Equity is 6.54% 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.

Mavenome and Growth VCT 3 Business Description

Address 205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW
Maven Income and Growth VCT 3 PLC is a Venture Capital Trust (VCT). Its investment objective is to achieve long-term capital appreciation and generate income for shareholders. The company invests the majority of its funds in a diversified portfolio of shares and securities in smaller, unquoted UK companies and AIM-quoted companies that meet the criteria for VCT qualifying investments and have growth potential. Its investment portfolio comprises companies from various sectors such as software and technology, business services, industrials and engineering, learning and development, recruitment technology, pharmaceuticals, etc.
36GF Score

Get the complete analysis for LSE:MIG3

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.42
Price