Polar Capital Global Healthcare TrustLSE:PCGH -1.23%54 Return-on-Tangible-Equity is 12.39% as of Mar. 2026, which is 33% above its 10-year median of 9.29. GuruFocus rates LSE:PCGH with a GF Score™ of 54/100 and a GF Value™ of £9.07 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,591 Asset Management companies, Polar Capital Global Healthcare Trust ranks better than 62.98% on this metric.
The historical rank and industry rank for Polar Capital Global Healthcare Trust's Return-on-Tangible-Equity or its related term are showing as below:
LSE:PCGH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.05 Med: 9.29 Max: 18.62
Current: 11.14
During the past 13 years, Polar Capital Global Healthcare Trust's highest Return-on-Tangible-Equity was 18.62%. The lowest was -6.05%. And the median was 9.29%.
LSE:PCGH's Return-on-Tangible-Equity is ranked better than 62.98% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs LSE:PCGH: 11.14
Polar Capital Global Healthcare Trust (LSE:PCGH) 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.
Polar Capital Global Healthcare Trust Return-on-Tangible-Equity Related Terms
Polar Capital Global Healthcare 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.
Polar Capital Global Healthcare Trust Return-on-Tangible-Equity Chart
LSE:PCGH vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Polar Capital Global Healthcare 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.
Polar Capital Global Healthcare Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Polar Capital Global Healthcare Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Polar Capital Global Healthcare 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.39% mean?
Polar Capital Global Healthcare Trust (LSE:PCGH) has a Return-on-Tangible-Equity of 12.39% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Polar Capital Global Healthcare Trust and its competitors. This is 33% above median its historical median of 9.29. According to the industry distribution chart, Polar Capital Global Healthcare Trust ranks #589 out of 1591 companies in the Asset Management industry, placing it in the top 37%.
Is Polar Capital Global Healthcare Trust's Return-on-Tangible-Equity too high?
Polar Capital Global Healthcare Trust's current Return-on-Tangible-Equity of 12.39% is 33% above median its 10-year median of 9.29. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Polar Capital Global Healthcare Trust's value of 12.39% is 71.8% above this industry median. Based on the distribution chart, Polar Capital Global Healthcare Trust ranks #589 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. Overall, Polar Capital Global Healthcare Trust has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Global Healthcare Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Global Healthcare Trust ranks #589 out of 1591 companies for Return-on-Tangible-Equity. This puts Polar Capital Global Healthcare Trust in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Polar Capital Global Healthcare Trust's value of 12.39% is 71.8% above this benchmark. While the company's 10-year median is 9.29 vs. the industry median of 7.21, Polar Capital Global Healthcare 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 1,591 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. Polar Capital Global Healthcare Trust's current Return-on-Tangible-Equity of 12.39% is 71.8% 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 Polar Capital Global Healthcare 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. Polar Capital Global Healthcare Trust's current Return-on-Tangible-Equity is 12.39%, which is 33% above median its own 10-year median of 9.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Capital Global Healthcare Trust stock overvalued right now?
Based on GuruFocus' analysis, Polar Capital Global Healthcare Trust (LSE:PCGH) is currently considered Significantly Undervalued. The stock's GF Value™ is £9.07, compared to a current price of £4.43 — trading 51.2% below its estimated fair value. The current Return-on-Tangible-Equity is 12.39%, which is 33% above median its 10-year median of 9.29 and 71.8% above the Asset Management industry median of 7.21. Polar Capital Global Healthcare Trust's overall GF Score™ is 54/100 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 Polar Capital Global Healthcare Trust (LSE:PCGH), the current Return-on-Tangible-Equity is 12.39% as of Mar. 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 Polar Capital Global Healthcare Trust (LSE:PCGH) Overvalued in 2026?
Based on GuruFocus' analysis, Polar Capital Global Healthcare Trust stock appears to be undervalued.
The current stock price of £4.43 is trading 51.2% below its estimated GF Value™ of £9.07.
GuruFocus considers Polar Capital Global Healthcare Trust to be Significantly Undervalued.
Key valuation signals for LSE:PCGH:
Return-on-Tangible-Equity: 12.39% (33% above median its 10-year median of 9.29)
GF Value™: £9.07 vs. price of £4.43 (51.2% below fair value)
Industry Position: 71.8% above the Asset Management median (#589 of 1591)
No single metric tells the full story. See the LSE:PCGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polar Capital Global Healthcare Trust Business Description
Polar Capital Global Healthcare Trust PLC is a United Kingdom-based investment trust company. The company's investment objective is the generation of capital growth through investments in a portfolio of healthcare stocks. The purpose of the company is to provide an investment vehicle for investors which aims to deliver long term capital growth to shareholders from a range of diversified healthcare stocks.
54GF Score
Get the complete analysis for LSE:PCGH
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:PCGH has been successfully added to your 
