Liberty All Star Equity FundUSA +1.57%42 ROE % is 4.82% as of Dec. 2025, which is 70% below its 10-year median of 15.85. GuruFocus rates USA with a GF Score™ of 42/100 and a GF Value™ of $3.62 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,615 Asset Management companies, Liberty All Star Equity Fund ranks better than 57.83% on this metric.
The historical rank and industry rank for Liberty All Star Equity Fund's ROE % or its related term are showing as below:
USA'
s ROE % Range Over the Past 10 Years
Min: -22.59 Med: 15.85 Max: 26.05
Current: 8.2
During the past 9 years, Liberty All Star Equity Fund's highest ROE % was 26.05%. The lowest was -22.59%. And the median was 15.85%.
USA's ROE % is ranked better than 57.83% of 1615
companies
in the Asset Management industry
Industry Median: 6.35
vs USA: 8.20
Liberty All Star Equity Fund (NYSE:USA) 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 Equity Fund ROE % Related Terms
Liberty All Star Equity 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 Equity 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 Equity Fund ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Liberty All Star Equity Fund's ROE % distribution charts can be found below:
* The bar in red indicates where Liberty All Star Equity 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 Equity Fund (USA) has a ROE % of 4.82% 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 Equity Fund and its competitors. This is 70% below median its historical median of 15.85. According to the industry distribution chart, Liberty All Star Equity Fund ranks #681 out of 1615 companies in the Asset Management industry, placing it in the top 42.2%.
Is Liberty All Star Equity Fund's ROE % too high?
Liberty All Star Equity Fund's current ROE % of 4.82% is 70% below median its 10-year median of 15.85. The Asset Management industry median ROE % is 6.35. Liberty All Star Equity Fund's value of 4.82% is 24.1% below this industry median. Based on the distribution chart, Liberty All Star Equity Fund ranks #681 out of 1615 companies in the Asset Management industry, which is above the industry midpoint. Overall, Liberty All Star Equity Fund has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liberty All Star Equity Fund's ROE % compare to GAB and ETG?
According to the Asset Management industry distribution chart, Liberty All Star Equity Fund ranks #681 out of 1615 companies for ROE %. This puts Liberty All Star Equity Fund in the upper half of its industry. The industry median ROE % is 6.35. Liberty All Star Equity Fund's value of 4.82% is 24.1% below this benchmark. While the company's 10-year median is 15.85 vs. the industry median of 6.35, Liberty All Star Equity 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 6.35, based on 1,615 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 Equity Fund's current ROE % of 4.82% is 24.1% 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 Liberty All Star Equity Fund and its competitors. For the Asset Management industry, the median ROE % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty All Star Equity Fund's current ROE % is 4.82%, which is 70% below median its own 10-year median of 15.85. 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 Equity Fund stock overvalued right now?
Based on GuruFocus' analysis, Liberty All Star Equity Fund (USA) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.62, compared to a current price of $5.74 — trading 58.5% above its estimated fair value. The current ROE % is 4.82%, which is 70% below median its 10-year median of 15.85 and 24.1% below the Asset Management industry median of 6.35. Liberty All Star Equity Fund's overall GF Score™ is 42/100 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 Liberty All Star Equity Fund (USA), the current ROE % is 4.82% 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 Equity Fund (USA) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty All Star Equity Fund stock appears to be overvalued.
The current stock price of $5.74 is trading 58.5% above its estimated GF Value™ of $3.62.
GuruFocus considers Liberty All Star Equity Fund to be Significantly Overvalued.
Key valuation signals for USA:
ROE %: 4.82% (70% below median its 10-year median of 15.85)
GF Value™: $3.62 vs. price of $5.74 (58.5% above fair value)
Industry Position: 24.1% below the Asset Management median (#681 of 1615)
No single metric tells the full story. See the USA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty All Star Equity Fund is a diversified, closed-end management investment company. Its objective is to provide a high level of current income and long-term capital appreciation through investing principally in a diversified portfolio of equity securities. The fund invests in various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, real estate, utilities, telecommunication, and other services.
42GF Score
Get the complete analysis for USA
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
USA has been successfully added to your 
