Baillie Gifford European Growth Trust (LSE:BGEU) ROE %: -21.23% (As of Mar. 2026)

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LSE:BGEU Baillie Gifford European Growth Trust PLC LSE:BGEU
35 GF Score
Price £1.13
! 6 Warning Signs
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What is Baillie Gifford European Growth Trust ROE %?

Baillie Gifford European Growth Trust LSE:BGEU -0.88% 35 ROE % is -21.23% as of Mar. 2026. GuruFocus rates LSE:BGEU with a GF Score™ of 35/100. The stock has 6 warning signs investors should review. Among 1,611 Asset Management companies, Baillie Gifford European Growth Trust ranks worse than 64.18% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Baillie Gifford European Growth Trust's annualized net income for the quarter that ended in Mar. 2026 was £-68.08 Mil. Baillie Gifford European Growth Trust's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was £320.62 Mil. Therefore, Baillie Gifford European Growth Trust's annualized ROE % for the quarter that ended in Mar. 2026 was -21.23%.

The historical rank and industry rank for Baillie Gifford European Growth Trust's ROE % or its related term are showing as below:

LSE:BGEU' s ROE % Range Over the Past 10 Years
Min: -55.61   Med: 11.07   Max: 30.2
Current: 2.83

During the past 13 years, Baillie Gifford European Growth Trust's highest ROE % was 30.20%. The lowest was -55.61%. And the median was 11.07%.

LSE:BGEU's ROE % is ranked worse than
64.18% of 1611 companies
in the Asset Management industry
Industry Median: 6.64 vs LSE:BGEU: 2.83

Baillie Gifford European Growth Trust  (LSE:BGEU) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-68.084/320.6225
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-68.084 / -67.586)*(-67.586 / 418.35)*(418.35 / 320.6225)
=Net Margin %*Asset Turnover*Equity Multiplier
=100.74 %*-0.1616*1.3048
=ROA %*Equity Multiplier
=-16.28 %*1.3048
=-21.23 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-68.084/320.6225
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-68.084 / -68.294) * (-68.294 / -67.586) * (-67.586 / 418.35) * (418.35 / 320.6225)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.9969 * 101.05 % * -0.1616 * 1.3048
=-21.23 %

Note: The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.


Baillie Gifford European Growth Trust ROE % Related Terms


Baillie Gifford European Growth Trust ROE % Historical Data

* Premium members only.

The historical data trend for Baillie Gifford European Growth Trust's ROE % 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.

Baillie Gifford European Growth Trust ROE % Chart

Baillie Gifford European Growth Trust Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.03 -55.61 8.74 13.40 4.56

Baillie Gifford European Growth Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % 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 40.52 -14.11 -15.42 25.34 -21.23

LSE:BGEU vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, Baillie Gifford European Growth Trust'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.


Baillie Gifford European Growth Trust ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Baillie Gifford European Growth Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Baillie Gifford European Growth Trust's ROE % falls into.


LSE:BGEU
35GF Score
Baillie Gifford European Growth Trust PLC LSE:BGEU
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Baillie Gifford European Growth Trust ROE % Calculation

Baillie Gifford European Growth Trust's annualized ROE % for the fiscal year that ended in Sep. 2025 is calculated as

ROE %=Net Income (A: Sep. 2025 )/( (Total Stockholders Equity (A: Sep. 2024 )+Total Stockholders Equity (A: Sep. 2025 ))/ count )
=16.429/( (366.431+353.916)/ 2 )
=16.429/360.1735
=4.56 %

Baillie Gifford European Growth Trust's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-68.084/( (353.916+287.329)/ 2 )
=-68.084/320.6225
=-21.23 %

* 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 (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -21.23% mean?
Baillie Gifford European Growth Trust (LSE:BGEU) has a ROE % of -21.23% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Baillie Gifford European Growth Trust and its competitors. According to the industry distribution chart, Baillie Gifford European Growth Trust ranks #1034 out of 1611 companies in the Asset Management industry, placing it in the top 64.2%.
Is Baillie Gifford European Growth Trust's ROE % too high?
Baillie Gifford European Growth Trust's current ROE % is -21.23%. Based on the distribution chart, Baillie Gifford European Growth Trust ranks #1034 out of 1611 companies in the Asset Management industry, which is below the industry midpoint. Overall, Baillie Gifford European Growth Trust has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Baillie Gifford European Growth Trust's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Baillie Gifford European Growth Trust ranks #1034 out of 1611 companies for ROE %. This places Baillie Gifford European Growth Trust in the lower half of its industry. The industry median ROE % is 6.64. 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 6.64, based on 1,611 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. 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 Baillie Gifford European Growth Trust and its competitors. For the Asset Management industry, the median ROE % is 6.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baillie Gifford European Growth Trust's current ROE % is -21.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baillie Gifford European Growth Trust stock overvalued right now?
Baillie Gifford European Growth Trust (LSE:BGEU) has a current ROE % of -21.23%. The current ROE % is -21.23%. Baillie Gifford European Growth Trust's overall GF Score™ is 35/100 with 6 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 Baillie Gifford European Growth Trust (LSE:BGEU), the current ROE % is -21.23% 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.

Baillie Gifford European Growth Trust Business Description

Address 1 Greenside Row, Calton Square, Edinburgh, GBR, EH1 3AN
Baillie Gifford European Growth Trust PLC is an investment company. The company's investment objective is to achieve long-term capital growth through a diversified portfolio of Continental European securities. It adopts the investment in the diverse and increasingly accessible market of Continental Europe, which provides opportunities for capital growth over the long term. The company holds a diversified portfolio of investments, including Industrials, consumer discretionary, consumer services, financials, healthcare, and others. Its revenue consists of income from an investment. Geographically, maximum revenue is gained from the Netherlands, through Investment in Information Technology.
35GF Score

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