Polar Capital Technology TrustLSE:PCT +0.74%40 Return-on-Tangible-Equity is 99.10% as of Oct. 2025, which is 432% above its 10-year median of 18.64. GuruFocus rates LSE:PCT with a GF Score™ of 40/100. The stock has 5 warning signs investors should review. Among 1,589 Asset Management companies, Polar Capital Technology Trust ranks better than 92.89% 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. Polar Capital Technology Trust's annualized net income for the quarter that ended in Oct. 2025 was £4,912 Mil. Polar Capital Technology Trust's average shareholder tangible equity for the quarter that ended in Oct. 2025 was £4,956 Mil. Therefore, Polar Capital Technology Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2025 was 99.10%.
The historical rank and industry rank for Polar Capital Technology Trust's Return-on-Tangible-Equity or its related term are showing as below:
LSE:PCT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.01 Med: 18.64 Max: 45.52
Current: 45.52
During the past 13 years, Polar Capital Technology Trust's highest Return-on-Tangible-Equity was 45.52%. The lowest was -8.01%. And the median was 18.64%.
LSE:PCT's Return-on-Tangible-Equity is ranked better than 92.89% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs LSE:PCT: 45.52
Polar Capital Technology Trust (LSE:PCT) 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 Technology Trust Return-on-Tangible-Equity Related Terms
Polar Capital Technology 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 Technology Trust Return-on-Tangible-Equity Chart
LSE:PCT vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Polar Capital Technology 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 Technology Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Polar Capital Technology Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Polar Capital Technology 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 (Oct. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 99.10% mean?
Polar Capital Technology Trust (LSE:PCT) has a Return-on-Tangible-Equity of 99.10% as of Oct. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Polar Capital Technology Trust and its competitors. This is 432% above median its historical median of 18.64. According to the industry distribution chart, Polar Capital Technology Trust ranks #113 out of 1589 companies in the Asset Management industry, placing it in the top 7.1%.
Is Polar Capital Technology Trust's Return-on-Tangible-Equity too high?
Polar Capital Technology Trust's current Return-on-Tangible-Equity of 99.10% is 432% above median its 10-year median of 18.64. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Polar Capital Technology Trust's value of 99.10% is 1274.5% above this industry median. Based on the distribution chart, Polar Capital Technology Trust ranks #113 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Polar Capital Technology Trust has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Technology Trust's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Technology Trust ranks #113 out of 1589 companies for Return-on-Tangible-Equity. This places Polar Capital Technology Trust in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Polar Capital Technology Trust's value of 99.10% is 1274.5% above this benchmark. While the company's 10-year median is 18.64 vs. the industry median of 7.21, Polar Capital Technology 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 1,589 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. Polar Capital Technology Trust's current Return-on-Tangible-Equity of 99.10% is 1274.5% 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 Technology 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 Technology Trust's current Return-on-Tangible-Equity is 99.10%, which is 432% above median its own 10-year median of 18.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Capital Technology Trust stock overvalued right now?
Polar Capital Technology Trust (LSE:PCT) has a current Return-on-Tangible-Equity of 99.10%. The current Return-on-Tangible-Equity is 99.10%, which is 432% above median its 10-year median of 18.64 and 1274.5% above the Asset Management industry median of 7.21. Polar Capital Technology Trust's overall GF Score™ is 40/100 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 Polar Capital Technology Trust (LSE:PCT), the current Return-on-Tangible-Equity is 99.10% as of Oct. 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.
Polar Capital Technology Trust Business Description
Polar Capital Technology Trust PLC is a UK-based investment trust company. The company has an investment objective to achieve long-term capital growth by investing in a diversified portfolio of technology companies world-wide. Geographically, the company generates investment income from North America, Europe, and the Asia Pacific region. It invests in sectors such as Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and others.
40GF Score
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