Scottish Oriental Smaller Trust (The) (LSE:SST) Return-on-Tangible-Equity: -9.22% (As of Feb. 2026)


LSE:SST Scottish Oriental Smaller Companies Trust (The) PLC LSE:SST
50 GF Score
Price £2.75
GF Value £6.23
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Scottish Oriental Smaller Trust (The) Return-on-Tangible-Equity?

Scottish Oriental Smaller Trust (The) LSE:SST -0.36% 50 Return-on-Tangible-Equity is -9.22% as of Feb. 2026. GuruFocus rates LSE:SST with a GF Score™ of 50/100 and a GF Value™ of £6.23 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,589 Asset Management companies, Scottish Oriental Smaller Trust (The) ranks worse than 86.09% 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. Scottish Oriental Smaller Trust (The)'s annualized net income for the quarter that ended in Feb. 2026 was £-19.20 Mil. Scottish Oriental Smaller Trust (The)'s average shareholder tangible equity for the quarter that ended in Feb. 2026 was £208.09 Mil. Therefore, Scottish Oriental Smaller Trust (The)'s annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was -9.22%.

The historical rank and industry rank for Scottish Oriental Smaller Trust (The)'s Return-on-Tangible-Equity or its related term are showing as below:

LSE:SST' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.92   Med: 7.14   Max: 25.66
Current: -9.12

During the past 13 years, Scottish Oriental Smaller Trust (The)'s highest Return-on-Tangible-Equity was 25.66%. The lowest was -14.92%. And the median was 7.14%.

LSE:SST's Return-on-Tangible-Equity is ranked worse than
86.09% of 1589 companies
in the Asset Management industry
Industry Median: 7.21 vs LSE:SST: -9.12

Scottish Oriental Smaller Trust (The)  (LSE:SST) 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.


Scottish Oriental Smaller Trust (The) Return-on-Tangible-Equity Related Terms


Scottish Oriental Smaller Trust (The) Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Scottish Oriental Smaller Trust (The)'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.

Scottish Oriental Smaller Trust (The) Return-on-Tangible-Equity Chart

Scottish Oriental Smaller Trust (The) Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.54 8.42 5.85 16.41 -2.03

Scottish Oriental Smaller Trust (The) Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 25.81 33.89 -3.54 -3.93 -9.22

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

For the Asset Management subindustry, Scottish Oriental Smaller Trust (The)'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.


Scottish Oriental Smaller Trust (The) Return-on-Tangible-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Scottish Oriental Smaller Trust (The)'s Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Scottish Oriental Smaller Trust (The)'s Return-on-Tangible-Equity falls into.


LSE:SST
50GF Score
Scottish Oriental Smaller Companies Trust (The) PLC LSE:SST
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Scottish Oriental Smaller Trust (The) Return-on-Tangible-Equity Calculation

Scottish Oriental Smaller Trust (The)'s annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=-7.962/( (403.068+381.867 )/ 2 )
=-7.962/392.4675
=-2.03 %

Scottish Oriental Smaller Trust (The)'s annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=-19.196/( (381.867+34.317)/ 2 )
=-19.196/208.092
=-9.22 %

* 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 (Feb. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of -9.22% mean?
Scottish Oriental Smaller Trust (The) (LSE:SST) has a Return-on-Tangible-Equity of -9.22% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Scottish Oriental Smaller Trust (The) and its competitors. According to the industry distribution chart, Scottish Oriental Smaller Trust (The) ranks #1368 out of 1589 companies in the Asset Management industry, placing it in the top 86.1%.
Is Scottish Oriental Smaller Trust (The)'s Return-on-Tangible-Equity too high?
Scottish Oriental Smaller Trust (The)'s current Return-on-Tangible-Equity is -9.22%. Based on the distribution chart, Scottish Oriental Smaller Trust (The) ranks #1368 out of 1589 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Scottish Oriental Smaller Trust (The) has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Scottish Oriental Smaller Trust (The)'s Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Scottish Oriental Smaller Trust (The) ranks #1368 out of 1589 companies for Return-on-Tangible-Equity. This places Scottish Oriental Smaller Trust (The) in the lower half of its industry. 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 Scottish Oriental Smaller Trust (The) 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. Scottish Oriental Smaller Trust (The)'s current Return-on-Tangible-Equity is -9.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scottish Oriental Smaller Trust (The) stock overvalued right now?
Based on GuruFocus' analysis, Scottish Oriental Smaller Trust (The) (LSE:SST) is currently considered Significantly Undervalued. The stock's GF Value™ is £6.23, compared to a current price of £2.75 — trading 55.9% below its estimated fair value. The current Return-on-Tangible-Equity is -9.22%. Scottish Oriental Smaller Trust (The)'s overall GF Score™ is 50/100 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 Scottish Oriental Smaller Trust (The) (LSE:SST), the current Return-on-Tangible-Equity is -9.22% as of Feb. 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 Scottish Oriental Smaller Trust (The) (LSE:SST) Overvalued in 2026?

Based on GuruFocus' analysis, Scottish Oriental Smaller Trust (The) stock appears to be undervalued. The current stock price of £2.75 is trading 55.9% below its estimated GF Value™ of £6.23. GuruFocus considers Scottish Oriental Smaller Trust (The) to be Significantly Undervalued.

Key valuation signals for LSE:SST:

  • Return-on-Tangible-Equity: -9.22%
  • GF Value™: £6.23 vs. price of £2.75 (55.9% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the LSE:SST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Scottish Oriental Smaller Trust (The) Business Description

Address 28 Walker Street, Edinburgh, GBR, EH3 7HR
Scottish Oriental Smaller Companies Trust (The) PLC is a investment trusts in the Asian equity category with a specialist focus on smaller companies. The objective of the Company is to achieve long-term capital growth by carefully selecting quality companies with franchises at reasonable valuations.
50GF Score

Get the complete analysis for LSE:SST

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

£2.75
Price
£6.23
GF Value