Liberty All Star Growth FundASG +0.66%36 ROE % is 5.94% as of Dec. 2025, which is 63% below its 10-year median of 15.89. GuruFocus rates ASG with a GF Score™ of 36/100 and a GF Value™ of $1.61 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,614 Asset Management companies, Liberty All Star Growth Fund ranks worse than 59.23% on this metric.
The historical rank and industry rank for Liberty All Star Growth Fund's ROE % or its related term are showing as below:
ASG'
s ROE % Range Over the Past 10 Years
Min: -37.16 Med: 15.89 Max: 37.2
Current: 3.98
During the past 9 years, Liberty All Star Growth Fund's highest ROE % was 37.20%. The lowest was -37.16%. And the median was 15.89%.
ASG's ROE % is ranked worse than 59.23% of 1614
companies
in the Asset Management industry
Industry Median: 6.36
vs ASG: 3.98
Liberty All Star Growth Fund (NYSE:ASG) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Liberty All Star Growth Fund ROE % Related Terms
Liberty All Star Growth Fund ROE % 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.
For the Asset Management subindustry, Liberty All Star Growth Fund's ROE %, along with its competitors' market caps and ROE % 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.
Liberty All Star Growth Fund ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Liberty All Star Growth Fund's ROE % distribution charts can be found below:
* The bar in red indicates where Liberty All Star Growth Fund's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Liberty All Star Growth Fund (ASG) has a ROE % of 5.94% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Liberty All Star Growth Fund and its competitors. This is 63% below median its historical median of 15.89. According to the industry distribution chart, Liberty All Star Growth Fund ranks #956 out of 1614 companies in the Asset Management industry, placing it in the top 59.2%.
Is Liberty All Star Growth Fund's ROE % too high?
Liberty All Star Growth Fund's current ROE % of 5.94% is 63% below median its 10-year median of 15.89. The Asset Management industry median ROE % is 6.36. Liberty All Star Growth Fund's value of 5.94% is 6.6% below this industry median. Based on the distribution chart, Liberty All Star Growth Fund ranks #956 out of 1614 companies in the Asset Management industry, which is below the industry midpoint. Overall, Liberty All Star Growth Fund has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liberty All Star Growth Fund's ROE % compare to JOF and CION?
According to the Asset Management industry distribution chart, Liberty All Star Growth Fund ranks #956 out of 1614 companies for ROE %. This places Liberty All Star Growth Fund in the lower half of its industry. The industry median ROE % is 6.36. Liberty All Star Growth Fund's value of 5.94% is 6.6% below this benchmark. While the company's 10-year median is 15.89 vs. the industry median of 6.36, Liberty All Star Growth Fund 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.36, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Liberty All Star Growth Fund's current ROE % of 5.94% is 6.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Liberty All Star Growth Fund and its competitors. For the Asset Management industry, the median ROE % is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty All Star Growth Fund's current ROE % is 5.94%, which is 63% below median its own 10-year median of 15.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty All Star Growth Fund stock overvalued right now?
Based on GuruFocus' analysis, Liberty All Star Growth Fund (ASG) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.61, compared to a current price of $5.35 — trading 232% above its estimated fair value. The current ROE % is 5.94%, which is 63% below median its 10-year median of 15.89 and 6.6% below the Asset Management industry median of 6.36. Liberty All Star Growth Fund's overall GF Score™ is 36/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Liberty All Star Growth Fund (ASG), the current ROE % is 5.94% as of Dec. 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.
Is Liberty All Star Growth Fund (ASG) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty All Star Growth Fund stock appears to be overvalued.
The current stock price of $5.35 is trading 232% above its estimated GF Value™ of $1.61.
GuruFocus considers Liberty All Star Growth Fund to be Significantly Overvalued.
Key valuation signals for ASG:
ROE %: 5.94% (63% below median its 10-year median of 15.89)
GF Value™: $1.61 vs. price of $5.35 (232% above fair value)
Industry Position: 6.6% below the Asset Management median (#956 of 1614)
No single metric tells the full story. See the ASG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty All Star Growth Fund Inc is the United States based diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in a diversified portfolio of equity securities. The company's portfolio of investments consists of different industries such as consumer discretionary, consumer staples, healthcare, industrial, information technology and others.
36GF Score
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