Pacific Assets TrustLSE:PAC +0.24%61 Return-on-Tangible-Equity is 6.58% as of Jan. 2026, which is 7% below its 10-year median of 7.05. GuruFocus rates LSE:PAC with a GF Score™ of 61/100 and a GF Value™ of £7.00 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,588 Asset Management companies, Pacific Assets Trust ranks worse than 79.16% 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. Pacific Assets Trust's annualized net income for the quarter that ended in Jan. 2026 was £30.93 Mil. Pacific Assets Trust's average shareholder tangible equity for the quarter that ended in Jan. 2026 was £470.39 Mil. Therefore, Pacific Assets Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 6.58%.
The historical rank and industry rank for Pacific Assets Trust's Return-on-Tangible-Equity or its related term are showing as below:
LSE:PAC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.29 Med: 7.05 Max: 23.77
Current: -0.91
During the past 13 years, Pacific Assets Trust's highest Return-on-Tangible-Equity was 23.77%. The lowest was -1.29%. And the median was 7.05%.
LSE:PAC's Return-on-Tangible-Equity is ranked worse than 79.16% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs LSE:PAC: -0.91
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.
Pacific Assets Trust Return-on-Tangible-Equity Related Terms
Pacific Assets Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pacific Assets 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:PAC vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Pacific Assets 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.
Pacific Assets Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pacific Assets Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pacific Assets 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 6.58% mean?
Pacific Assets Trust (LSE:PAC) has a Return-on-Tangible-Equity of 6.58% 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 Pacific Assets Trust and its competitors. This is near median its historical median of 7.05. According to the industry distribution chart, Pacific Assets Trust ranks #1257 out of 1588 companies in the Asset Management industry, placing it in the top 79.2%.
Is Pacific Assets Trust's Return-on-Tangible-Equity too high?
Pacific Assets Trust's current Return-on-Tangible-Equity of 6.58% is near median its 10-year median of 7.05. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Pacific Assets Trust's value of 6.58% is 8.7% below this industry median. Based on the distribution chart, Pacific Assets Trust ranks #1257 out of 1588 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pacific Assets Trust has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pacific Assets Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Pacific Assets Trust ranks #1257 out of 1588 companies for Return-on-Tangible-Equity. This places Pacific Assets Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Pacific Assets Trust's value of 6.58% is 8.7% below this benchmark. While the company's 10-year median is 7.05 vs. the industry median of 7.21, Pacific Assets Trust 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 1,588 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. Pacific Assets Trust's current Return-on-Tangible-Equity of 6.58% is 8.7% 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 Pacific Assets 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. Pacific Assets Trust's current Return-on-Tangible-Equity is 6.58%, which is near median its own 10-year median of 7.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Assets Trust stock overvalued right now?
Based on GuruFocus' analysis, Pacific Assets Trust (LSE:PAC) is currently considered Significantly Undervalued. The stock's GF Value™ is £7.00, compared to a current price of £4.15 — trading 40.7% below its estimated fair value. The current Return-on-Tangible-Equity is 6.58%, which is near median its 10-year median of 7.05 and 8.7% below the Asset Management industry median of 7.21. Pacific Assets Trust's overall GF Score™ is 61/100 with 2 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 Pacific Assets Trust (LSE:PAC), the current Return-on-Tangible-Equity is 6.58% 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 Pacific Assets Trust (LSE:PAC) Overvalued in 2026?
Based on GuruFocus' analysis, Pacific Assets Trust stock appears to be undervalued.
The current stock price of £4.15 is trading 40.7% below its estimated GF Value™ of £7.00.
GuruFocus considers Pacific Assets Trust to be Significantly Undervalued.
Key valuation signals for LSE:PAC:
Return-on-Tangible-Equity: 6.58% (near median its 10-year median of 7.05)
GF Value™: £7.00 vs. price of £4.15 (40.7% below fair value)
Industry Position: 8.7% below the Asset Management median (#1257 of 1588)
No single metric tells the full story. See the LSE:PAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pacific Assets Trust PLC is a UK-based investment trust. It aims to achieve long-term capital growth through investment in selected companies in the Asia-Pacific region and the Indian sub-continent excluding Japan, Australia, and New Zealand.
61GF Score
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