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Polar Capital Technology TrustLSE:PCT -0.75%41 ROE % is 38.61% as of Apr. 2026, which is 83% above its 10-year median of 21.15. GuruFocus rates LSE:PCT with a GF Score™ of 41/100. The stock has 4 warning signs investors should review. Among 1,611 Asset Management companies, Polar Capital Technology Trust ranks better than 97.83% on this metric.
Polar Capital Technology Trust (LSE:PCT) 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 (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 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.
Polar Capital Technology Trust ROE % Related Terms
Polar Capital Technology Trust 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, Polar Capital Technology 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.
Polar Capital Technology Trust ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Polar Capital Technology Trust's ROE % distribution charts can be found below:
* The bar in red indicates where Polar Capital Technology Trust'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 (Apr. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Polar Capital Technology Trust (LSE:PCT) has a ROE % of 38.61% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Polar Capital Technology Trust and its competitors. This is 83% above median its historical median of 21.15. According to the industry distribution chart, Polar Capital Technology Trust ranks #35 out of 1611 companies in the Asset Management industry, placing it in the top 2.2%.
Is Polar Capital Technology Trust's ROE % too high?
Polar Capital Technology Trust's current ROE % of 38.61% is 83% above median its 10-year median of 21.15. The Asset Management industry median ROE % is 6.87. Polar Capital Technology Trust's value of 38.61% is 462% above this industry median. Based on the distribution chart, Polar Capital Technology Trust ranks #35 out of 1611 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 41/100, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Technology Trust's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Technology Trust ranks #35 out of 1611 companies for ROE %. This places Polar Capital Technology Trust in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.87. Polar Capital Technology Trust's value of 38.61% is 462% above this benchmark. While the company's 10-year median is 21.15 vs. the industry median of 6.87, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.87, 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. Polar Capital Technology Trust's current ROE % of 38.61% is 462% 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 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 Polar Capital Technology Trust and its competitors. For the Asset Management industry, the median ROE % is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polar Capital Technology Trust's current ROE % is 38.61%, which is 83% above median its own 10-year median of 21.15. 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 ROE % of 38.61%. The current ROE % is 38.61%, which is 83% above median its 10-year median of 21.15 and 462% above the Asset Management industry median of 6.87. Polar Capital Technology Trust's overall GF Score™ is 41/100 with 4 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 Polar Capital Technology Trust (LSE:PCT), the current ROE % is 38.61% as of Apr. 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.
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.
41GF Score
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