British and American Investment Trust PLC (BAF) - Net Assets
Based on the latest financial reports, British and American Investment Trust PLC (BAF) has net assets worth GBX2.31 Million GBX (≈ $281.06 USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX9.33 Million ≈ $1.13K USD) and total liabilities (GBX7.02 Million ≈ $853.64 USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check British and American Investment Trust PL tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.31 Million |
| % of Total Assets | 24.77% |
| Annual Growth Rate | -11.53% |
| 5-Year Change | -65.66% |
| 10-Year Change | -89.82% |
| Growth Volatility | 23.41 |
British and American Investment Trust PLC - Net Assets Trend (2000–2025)
This chart illustrates how British and American Investment Trust PLC's net assets have evolved over time, based on quarterly financial data. See British and American Investment Trust PL (BAF) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for British and American Investment Trust PLC (2000–2025)
The table below shows the annual net assets of British and American Investment Trust PLC from 2000 to 2025. For live valuation and market cap data, see BAF company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX2.31 Million ≈ $281.06 |
-61.20% |
| 2024-12-31 | GBX5.95 Million ≈ $724.31 |
+31.94% |
| 2023-12-31 | GBX4.51 Million ≈ $548.98 |
-36.37% |
| 2022-12-31 | GBX7.09 Million ≈ $862.77 |
+5.41% |
| 2021-12-31 | GBX6.73 Million ≈ $818.48 |
+0.10% |
| 2020-12-31 | GBX6.72 Million ≈ $817.63 |
+3.32% |
| 2019-12-31 | GBX6.50 Million ≈ $791.35 |
-17.87% |
| 2018-12-31 | GBX7.92 Million ≈ $963.51 |
-49.02% |
| 2017-12-31 | GBX15.53 Million ≈ $1.89K |
-31.51% |
| 2016-12-31 | GBX22.68 Million ≈ $2.76K |
-24.92% |
| 2015-12-31 | GBX30.21 Million ≈ $3.68K |
+11.37% |
| 2014-12-31 | GBX27.13 Million ≈ $3.30K |
-9.65% |
| 2013-12-31 | GBX30.02 Million ≈ $3.65K |
+28.61% |
| 2012-12-31 | GBX23.34 Million ≈ $2.84K |
-0.36% |
| 2011-12-31 | GBX23.43 Million ≈ $2.85K |
-27.23% |
| 2010-12-31 | GBX32.20 Million ≈ $3.92K |
+3.74% |
| 2009-12-31 | GBX31.04 Million ≈ $3.78K |
+10.10% |
| 2008-12-31 | GBX28.19 Million ≈ $3.43K |
-28.89% |
| 2007-12-31 | GBX39.64 Million ≈ $4.82K |
-16.80% |
| 2006-12-31 | GBX47.65 Million ≈ $5.80K |
+11.42% |
| 2005-12-31 | GBX42.77 Million ≈ $5.20K |
+12.93% |
| 2004-12-31 | GBX37.87 Million ≈ $4.61K |
+13.91% |
| 2003-12-31 | GBX33.24 Million ≈ $4.04K |
+15.66% |
| 2002-12-31 | GBX28.74 Million ≈ $3.50K |
-25.93% |
| 2001-12-31 | GBX38.80 Million ≈ $4.72K |
-21.48% |
| 2000-12-31 | GBX49.42 Million ≈ $6.01K |
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Equity Component Analysis
This analysis shows how different components contribute to British and American Investment Trust PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 106.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX25.00 Million | 1082.25% |
| Other Comprehensive Income | GBX-32.53 Million | -1408.40% |
| Other Components | GBX10.00 Million | 432.90% |
| Total Equity | GBX2.31 Million | 100.00% |
British and American Investment Trust PLC Competitors by Market Cap
The table below lists competitors of British and American Investment Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The London Tunnels PLC
AS:TLT
|
$23.02K |
|
Marwyn Value Investors Ltd
LSE:MVIR
|
$23.55K |
|
PureCycle Technologies Inc
NASDAQ:PCTTW
|
$23.79K |
|
Platinum Industries Ltd
NSE:PLATIND
|
$24.48K |
|
Selcuk Gida Endustri Ihracat Ithalat AS
IS:SELGD
|
$22.79K |
|
Petrel Resources
LSE:PET
|
$22.74K |
|
High Templar Tech Limited Sponsored ADR Class A
NYSE:HTT
|
$22.10K |
|
Rex Trueform Group Ltd
JSE:RTO
|
$22.00K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in British and American Investment Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,953,000 to 2,310,000, a change of -3,643,000 (-61.2%).
- Net loss of 3,643,000 reduced equity.
- Dividend payments of 232,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,077,000.
- Other factors increased equity by 4,309,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-3.64 Million | -157.71% |
| Dividends Paid | GBX232.00K | -10.04% |
| Other Comprehensive Income | GBX-4.08 Million | -176.49% |
| Other Changes | GBX4.31 Million | +186.54% |
| Total Change | GBX- | -61.20% |
Book Value vs Market Value Analysis
This analysis compares British and American Investment Trust PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 81.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 6.52x to 81.17x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | GBX1.15 | GBX7.50 | x |
| 2003-12-31 | GBX1.33 | GBX7.50 | x |
| 2004-12-31 | GBX1.51 | GBX7.50 | x |
| 2005-12-31 | GBX1.71 | GBX7.50 | x |
| 2006-12-31 | GBX1.91 | GBX7.50 | x |
| 2007-12-31 | GBX1.59 | GBX7.50 | x |
| 2008-12-31 | GBX1.13 | GBX7.50 | x |
| 2009-12-31 | GBX1.24 | GBX7.50 | x |
| 2010-12-31 | GBX1.29 | GBX7.50 | x |
| 2011-12-31 | GBX0.94 | GBX7.50 | x |
| 2012-12-31 | GBX0.93 | GBX7.50 | x |
| 2013-12-31 | GBX0.86 | GBX7.50 | x |
| 2014-12-31 | GBX0.78 | GBX7.50 | x |
| 2015-12-31 | GBX0.86 | GBX7.50 | x |
| 2016-12-31 | GBX0.65 | GBX7.50 | x |
| 2017-12-31 | GBX0.62 | GBX7.50 | x |
| 2018-12-31 | GBX0.32 | GBX7.50 | x |
| 2019-12-31 | GBX0.26 | GBX7.50 | x |
| 2020-12-31 | GBX0.19 | GBX7.50 | x |
| 2021-12-31 | GBX0.19 | GBX7.50 | x |
| 2022-12-31 | GBX0.20 | GBX7.50 | x |
| 2023-12-31 | GBX0.18 | GBX7.50 | x |
| 2024-12-31 | GBX0.17 | GBX7.50 | x |
| 2025-12-31 | GBX0.09 | GBX7.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently British and American Investment Trust PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -157.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.10x
- • Equity Multiplier: 4.04x
- Recent ROE (-157.71%) is below the historical average (-6.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.36% | 94.30% | 0.19x | 1.03x | GBX2.78 Million |
| 2004 | 14.12% | 92.53% | 0.15x | 1.00x | GBX1.56 Million |
| 2005 | 16.01% | 93.59% | 0.15x | 1.15x | GBX2.57 Million |
| 2006 | 14.52% | 94.01% | 0.15x | 1.01x | GBX2.16 Million |
| 2007 | -15.40% | 0.00% | -0.14x | 1.03x | GBX-10.07 Million |
| 2008 | -33.71% | 0.00% | -0.30x | 1.05x | GBX-12.32 Million |
| 2009 | 15.62% | 90.09% | 0.17x | 1.03x | GBX1.74 Million |
| 2010 | 10.05% | 85.72% | 0.11x | 1.07x | GBX16.20K |
| 2011 | -28.25% | 0.00% | -0.24x | 1.07x | GBX-8.96 Million |
| 2012 | 9.06% | 78.48% | 0.10x | 1.13x | GBX-219.50K |
| 2013 | 29.74% | 93.64% | 0.30x | 1.07x | GBX5.93 Million |
| 2014 | -5.42% | 0.00% | -0.03x | 1.31x | GBX-4.18 Million |
| 2015 | 17.99% | 89.76% | 0.13x | 1.53x | GBX2.41 Million |
| 2016 | -22.61% | 0.00% | -0.14x | 1.39x | GBX-7.40 Million |
| 2017 | -30.24% | 0.00% | -0.15x | 1.64x | GBX-6.25 Million |
| 2018 | -64.59% | 0.00% | -0.25x | 2.23x | GBX-5.91 Million |
| 2019 | 17.07% | 66.03% | 0.10x | 2.48x | GBX459.60K |
| 2020 | 15.86% | 63.49% | 0.12x | 2.11x | GBX394.00K |
| 2021 | 18.31% | 66.20% | 0.14x | 2.00x | GBX559.30K |
| 2022 | 13.76% | 59.73% | 0.12x | 1.95x | GBX266.90K |
| 2023 | -43.59% | -180.62% | 0.09x | 2.65x | GBX-2.42 Million |
| 2024 | 34.49% | 67.42% | 0.23x | 2.24x | GBX1.46 Million |
| 2025 | -157.71% | 0.00% | -0.10x | 4.04x | GBX-3.87 Million |
Industry Comparison
This section compares British and American Investment Trust PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,704,100
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| British and American Investment Trust PLC (BAF) | GBX2.31 Million | 18.36% | 3.04x | $22.81K |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $41.69 Million |
| Albion Enterprise VCT PLC (AAEV) | $140.65 Million | 2.37% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $154.40 Million | 26.46% | 0.07x | $5.95 Million |
| Abrdn Asia Focus PLC (AAS) | $121.96 Million | 12.34% | 0.07x | $7.74 Million |
| Albion Technology & General VCT PLC (AATG) | $121.25 Million | -5.20% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $3.74 Billion | 2.67% | 35.62x | $50.56 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $428.13 Million | 2.15% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $56.72 Million |
| Artemis UK Future Leaders plc (AFL) | $152.03 Million | 18.55% | 0.02x | $404.11 |
About British and American Investment Trust PLC
British & American Investment Trust plc is a publically owned investment manager. The firm manages equity mutual fund for its clients. It invests in public equity markets of United Kingdom. The firm invests predominantly in investment trusts. British & American Investment Trust plc was founded in 1947 and is based in London, United Kingdom.