British Smaller VCT 2LSE:BSC 34 ROE % is 3.00% as of Dec. 2025, which is 47% below its 10-year median of 5.67. GuruFocus rates LSE:BSC with a GF Score™ of 34/100 and a GF Value™ of £0.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,612 Asset Management companies, British Smaller VCT 2 ranks worse than 64.89% on this metric.
The historical rank and industry rank for British Smaller VCT 2's ROE % or its related term are showing as below:
LSE:BSC'
s ROE % Range Over the Past 10 Years
Min: 1.76 Med: 5.67 Max: 25.76
Current: 2.55
During the past 13 years, British Smaller VCT 2's highest ROE % was 25.76%. The lowest was 1.76%. And the median was 5.67%.
LSE:BSC's ROE % is ranked worse than 64.89% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs LSE:BSC: 2.55
British Smaller VCT 2 (LSE:BSC) 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.
* 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, British Smaller VCT 2'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.
British Smaller VCT 2 ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, British Smaller VCT 2's ROE % distribution charts can be found below:
* The bar in red indicates where British Smaller VCT 2'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.
British Smaller VCT 2 (LSE:BSC) has a ROE % of 3.00% 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 British Smaller VCT 2 and its competitors. This is 47% below median its historical median of 5.67. Over the past decade, British Smaller VCT 2's ROE % has ranged from 1.76 to 25.76. According to the industry distribution chart, British Smaller VCT 2 ranks #1046 out of 1612 companies in the Asset Management industry, placing it in the top 64.9%.
Is British Smaller VCT 2's ROE % too high?
British Smaller VCT 2's current ROE % of 3.00% is 47% below median its 10-year median of 5.67. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 25.76. The Asset Management industry median ROE % is 6.40. British Smaller VCT 2's value of 3.00% is 53.1% below this industry median. Based on the distribution chart, British Smaller VCT 2 ranks #1046 out of 1612 companies in the Asset Management industry, which is below the industry midpoint. Overall, British Smaller VCT 2 has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British Smaller VCT 2's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, British Smaller VCT 2 ranks #1046 out of 1612 companies for ROE %. This places British Smaller VCT 2 in the lower half of its industry. The industry median ROE % is 6.40. British Smaller VCT 2's value of 3.00% is 53.1% below this benchmark. Historically, British Smaller VCT 2's own ROE % has ranged from 1.76 to 25.76 over the past decade. While the company's 10-year median is 5.67 vs. the industry median of 6.40, British Smaller VCT 2 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 6.40, based on 1,612 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. British Smaller VCT 2's current ROE % of 3.00% is 53.1% 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 British Smaller VCT 2 and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British Smaller VCT 2's current ROE % is 3.00%, which is 47% below median its own 10-year median of 5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British Smaller VCT 2 stock overvalued right now?
Based on GuruFocus' analysis, British Smaller VCT 2 (LSE:BSC) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.26, compared to a current price of £0.49 — trading 89.2% above its estimated fair value. The current ROE % is 3.00%, which is 47% below median its 10-year median of 5.67 and 53.1% below the Asset Management industry median of 6.40. British Smaller VCT 2's overall GF Score™ is 34/100 with 2 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 British Smaller VCT 2 (LSE:BSC), the current ROE % is 3.00% 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 British Smaller VCT 2 (LSE:BSC) Overvalued in 2026?
Based on GuruFocus' analysis, British Smaller VCT 2 stock appears to be overvalued.
The current stock price of £0.49 is trading 89.2% above its estimated GF Value™ of £0.26.
GuruFocus considers British Smaller VCT 2 to be Significantly Overvalued.
Key valuation signals for LSE:BSC:
ROE %: 3.00% (47% below median its 10-year median of 5.67)
GF Value™: £0.26 vs. price of £0.49 (89.2% above fair value)
Industry Position: 53.1% below the Asset Management median (#1046 of 1612)
No single metric tells the full story. See the LSE:BSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
British Smaller Companies VCT 2 PLC operates as a venture capital trust in the United Kingdom. The investment planning of the company is to invest in UK businesses across a broad range of sectors that blend a mix of businesses operating in established and emerging industries that offer opportunities for the application and development of innovation in their products and services.
34GF Score
Get the complete analysis for LSE:BSC
ROE % 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:BSC has been successfully added to your 
