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The historical rank and industry rank for Manchester & London Investment Trust's Return-on-Tangible-Equity or its related term are showing as below:
LSE:MNL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -26.12 Med: 16.53 Max: 43.62
Current: 19.06
During the past 13 years, Manchester & London Investment Trust's highest Return-on-Tangible-Equity was 43.62%. The lowest was -26.12%. And the median was 16.53%.
LSE:MNL's Return-on-Tangible-Equity is ranked better than 76.65% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs LSE:MNL: 19.06
Manchester & London Investment Trust (LSE:MNL) 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.
Manchester & London Investment Trust Return-on-Tangible-Equity Related Terms
Manchester & London Investment 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.
Manchester & London Investment Trust Return-on-Tangible-Equity Chart
LSE:MNL vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Manchester & London 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.
Manchester & London Investment Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Manchester & London Investment Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manchester & London 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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -2.95% mean?
Manchester & London Investment Trust (LSE:MNL) has a Return-on-Tangible-Equity of -2.95% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Manchester & London Investment Trust and its competitors. According to the industry distribution chart, Manchester & London Investment Trust ranks #371 out of 1589 companies in the Asset Management industry, placing it in the top 23.3%.
Is Manchester & London Investment Trust's Return-on-Tangible-Equity too high?
Manchester & London Investment Trust's current Return-on-Tangible-Equity is -2.95%. Based on the distribution chart, Manchester & London Investment Trust ranks #371 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Manchester & London Investment Trust has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester & London Investment Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Manchester & London Investment Trust ranks #371 out of 1589 companies for Return-on-Tangible-Equity. This places Manchester & London Investment Trust in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. 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. 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 Manchester & London 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. Manchester & London Investment Trust's current Return-on-Tangible-Equity is -2.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester & London Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Manchester & London Investment Trust (LSE:MNL) is currently considered Significantly Overvalued. The stock's GF Value™ is £5.83, compared to a current price of £10.40 — trading 78.4% above its estimated fair value. The current Return-on-Tangible-Equity is -2.95%. Manchester & London Investment Trust's overall GF Score™ is 50/100 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 Manchester & London Investment Trust (LSE:MNL), the current Return-on-Tangible-Equity is -2.95% as of Jan. 2026. 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 Manchester & London Investment Trust (LSE:MNL) Overvalued in 2026?
Based on GuruFocus' analysis, Manchester & London Investment Trust stock appears to be overvalued.
The current stock price of £10.40 is trading 78.4% above its estimated GF Value™ of £5.83.
GuruFocus considers Manchester & London Investment Trust to be Significantly Overvalued.
Key valuation signals for LSE:MNL:
Return-on-Tangible-Equity: -2.95%
GF Value™: £5.83 vs. price of £10.40 (78.4% above fair value)
No single metric tells the full story. See the LSE:MNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manchester & London Investment Trust Business Description
Manchester & London Investment Trust PLC is an investment company. It invests in companies whose shares are admitted to trading on a regulated market. The investment objective of the company is to achieve capital appreciation together with a reasonable level of income. It may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards, and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies, and interest rates.
50GF Score
Get the complete analysis for LSE:MNL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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