Baillie Gifford European Growth Trust PLC (BGEU) - Net Assets

Latest as of March 2026: GBX287.33 Million GBX ≈ $34.96K USD

Based on the latest financial reports, Baillie Gifford European Growth Trust PLC (BGEU) has net assets worth GBX287.33 Million GBX (≈ $34.96K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX427.19 Million ≈ $51.98K USD) and total liabilities (GBX139.86 Million ≈ $17.02K 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. See Baillie Gifford European Growth Trust PL (BGEU) balance sheet quality index to measure how much of total assets are equity-financed.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX287.33 Million
% of Total Assets	67.26%
Annual Growth Rate	0.46%
5-Year Change	-36.97%
10-Year Change	0.93%
Growth Volatility	17.86

Baillie Gifford European Growth Trust PLC - Net Assets Trend (2003–2025)

This chart illustrates how Baillie Gifford European Growth Trust PLC's net assets have evolved over time, based on quarterly financial data. Also explore BGEU net asset momentum to track the company's year-over-year net asset growth rate.

Annual Net Assets for Baillie Gifford European Growth Trust PLC (2003–2025)

The table below shows the annual net assets of Baillie Gifford European Growth Trust PLC from 2003 to 2025. For live market cap and overall valuation, see how much is Baillie Gifford European Growth Trust PL worth.

Year	Net Assets	Change
2025-09-30	GBX353.92 Million ≈ $43.06K	-3.42%
2024-09-30	GBX366.43 Million ≈ $44.58K	+11.92%
2023-09-30	GBX327.39 Million ≈ $39.83K	+5.47%
2022-09-30	GBX310.40 Million ≈ $37.77K	-44.72%
2021-09-30	GBX561.54 Million ≈ $68.32K	+24.06%
2020-09-30	GBX452.64 Million ≈ $55.07K	+21.04%
2019-09-30	GBX373.94 Million ≈ $45.50K	-9.75%
2018-09-30	GBX414.32 Million ≈ $50.41K	-5.88%
2017-09-30	GBX440.20 Million ≈ $53.56K	+25.54%
2016-09-30	GBX350.66 Million ≈ $42.67K	+12.30%
2015-09-30	GBX312.24 Million ≈ $37.99K	-7.27%
2014-09-30	GBX336.73 Million ≈ $40.97K	+4.18%
2013-09-30	GBX323.22 Million ≈ $39.33K	+25.90%
2012-09-30	GBX256.72 Million ≈ $31.24K	+8.16%
2011-09-30	GBX237.35 Million ≈ $28.88K	-14.58%
2010-09-30	GBX277.85 Million ≈ $33.81K	-4.24%
2009-09-30	GBX290.15 Million ≈ $35.30K	-0.76%
2008-09-30	GBX292.38 Million ≈ $35.57K	-37.06%
2007-09-30	GBX464.52 Million ≈ $56.52K	+14.22%
2006-09-30	GBX406.69 Million ≈ $49.48K	+3.92%
2005-09-30	GBX391.35 Million ≈ $47.62K	+18.82%
2004-09-30	GBX329.36 Million ≈ $40.07K	+2.98%
2003-09-30	GBX319.83 Million ≈ $38.91K	--

Equity Component Analysis

This analysis shows how different components contribute to Baillie Gifford European Growth 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 grown by 900200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	GBX9.00 Million	2.54%
Common Stock	GBX10.06 Million	2.84%
Other Comprehensive Income	GBX209.80 Million	59.28%
Other Components	GBX125.05 Million	35.33%
Total Equity	GBX353.92 Million	100.00%

Baillie Gifford European Growth Trust PLC Competitors by Market Cap

The table below lists competitors of Baillie Gifford European Growth Trust PLC ranked by their market capitalization.

Company	Market Cap
Alliance Pharma plc LSE:APH	$4.26 Million
C&C Group plc LSE:CCR	$4.26 Million
Ambica Agarbathies & Aroma industries Limited NSE:AMBICAAGAR	$4.26 Million
Sego Resources Inc V:SGZ	$4.26 Million
Corus Entertainment Inc TO:CJR-B	$4.26 Million
Karma Energy Limited NSE:KARMAENG	$4.25 Million
Nickel North Exploration Corp V:NNX	$4.25 Million
Prolexus Bhd KLSE:8966	$4.25 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Baillie Gifford European Growth Trust PLC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 366,431,000 to 353,916,000, a change of -12,515,000 (-3.4%).
Net income of 16,429,000 contributed positively to equity growth.
Dividend payments of 2,092,000 reduced retained earnings.
Share repurchases of 26,548,000 reduced equity.
Other comprehensive income increased equity by 201,053,000.
Other factors decreased equity by 201,357,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX16.43 Million	+4.64%
Dividends Paid	GBX2.09 Million	-0.59%
Share Repurchases	GBX26.55 Million	-7.5%
Other Comprehensive Income	GBX201.05 Million	+56.81%
Other Changes	GBX-201.36 Million	-56.89%
Total Change	GBX-	-3.42%

Book Value vs Market Value Analysis

This analysis compares Baillie Gifford European Growth 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: 117.21x
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 decreased from 275.16x to 117.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-09-30	GBX0.44	GBX121.50	x
2004-09-30	GBX0.48	GBX121.50	x
2005-09-30	GBX0.58	GBX121.50	x
2006-09-30	GBX0.70	GBX121.50	x
2007-09-30	GBX0.86	GBX121.50	x
2008-09-30	GBX0.58	GBX121.50	x
2009-09-30	GBX0.61	GBX121.50	x
2010-09-30	GBX0.63	GBX121.50	x
2011-09-30	GBX0.56	GBX121.50	x
2012-09-30	GBX0.61	GBX121.50	x
2013-09-30	GBX0.77	GBX121.50	x
2014-09-30	GBX0.80	GBX121.50	x
2015-09-30	GBX0.74	GBX121.50	x
2016-09-30	GBX0.83	GBX121.50	x
2017-09-30	GBX1.05	GBX121.50	x
2018-09-30	GBX0.99	GBX121.50	x
2019-09-30	GBX0.92	GBX121.50	x
2020-09-30	GBX1.20	GBX121.50	x
2021-09-30	GBX1.54	GBX121.50	x
2022-09-30	GBX0.86	GBX121.50	x
2023-09-30	GBX0.91	GBX121.50	x
2024-09-30	GBX1.03	GBX121.50	x
2025-09-30	GBX1.04	GBX121.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Baillie Gifford European Growth 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): 4.64%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 114.40%
• Asset Turnover: 0.04x
• Equity Multiplier: 1.16x
Recent ROE (4.64%) is above the historical average (4.00%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	20.21%	93.52%	0.20x	1.06x	GBX32.64 Million
2004	10.98%	88.36%	0.11x	1.08x	GBX3.22 Million
2005	23.36%	94.43%	0.22x	1.13x	GBX52.27 Million
2006	15.21%	90.33%	0.15x	1.09x	GBX21.18 Million
2007	20.00%	92.85%	0.20x	1.09x	GBX46.46 Million
2008	-50.33%	0.00%	-0.47x	1.05x	GBX-176.40 Million
2009	6.34%	85.91%	0.07x	1.01x	GBX-10.62 Million
2010	3.37%	78.93%	0.04x	1.02x	GBX-18.41 Million
2011	-13.83%	0.00%	-0.12x	1.03x	GBX-56.56 Million
2012	10.84%	95.83%	0.11x	1.01x	GBX2.16 Million
2013	22.66%	98.05%	0.23x	1.01x	GBX40.91 Million
2014	6.26%	93.48%	0.07x	1.01x	GBX-12.59 Million
2015	-5.82%	0.00%	-0.05x	1.02x	GBX-49.40 Million
2016	12.91%	97.92%	0.13x	1.03x	GBX10.20 Million
2017	23.43%	100.23%	0.23x	1.01x	GBX59.11 Million
2018	-2.31%	0.00%	-0.02x	1.03x	GBX-51.00 Million
2019	-5.63%	0.00%	-0.05x	1.00x	GBX-58.44 Million
2020	27.57%	99.49%	0.27x	1.04x	GBX79.55 Million
2021	18.99%	98.76%	0.18x	1.10x	GBX50.50 Million
2022	-78.10%	-652.87%	0.10x	1.17x	GBX-273.46 Million
2023	8.52%	129.01%	0.06x	1.16x	GBX-4.86 Million
2024	12.68%	96.85%	0.12x	1.14x	GBX9.83 Million
2025	4.64%	114.40%	0.04x	1.16x	GBX-18.96 Million

Industry Comparison

This section compares Baillie Gifford European Growth Trust PLC's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $980,464,900
Average return on equity (ROE) among peers: 6.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Baillie Gifford European Growth Trust PLC (BGEU)	GBX287.33 Million	20.21%	0.49x	$4.26 Million
3I Infrastructure PLC (3IN)	$1.20 Billion	4.98%	0.15x	$43.54 Million
Albion Enterprise VCT PLC (AAEV)	$278.53 Million	5.11%	0.01x	$3.20 Million
abrdn Asian Income Fund Limited (AAIF)	$231.95 Million	1.88%	0.05x	$5.57 Million
Abrdn Asia Focus PLC (AAS)	$382.93 Million	26.24%	0.09x	$7.85 Million
Albion Technology & General VCT PLC (AATG)	$64.83 Million	5.63%	0.01x	$3.06 Million
Abrdn PLC (ABDN)	$6.67 Billion	3.99%	0.71x	$52.87 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG)	$363.36 Million	-0.20%	0.06x	$450.86K
Aquila Energy Efficiency Trust PLC (AEET)	$94.28 Million	0.32%	0.01x	$217.99K
Aquila European Renewables Income PLC (AERI)	$320.23 Million	-9.29%	0.00x	$64.28 Million
Artemis UK Future Leaders plc (AFL)	$205.24 Million	23.03%	0.00x	$450.21

About Baillie Gifford European Growth Trust PLC

LSE:BGEU UK Asset Management

Market Cap

$4.26 Million

GBX34.97 Billion GBX

Market Cap Rank

#28977 Global

#514 in UK

Share Price

GBX121.50

Change (1 day)

+0.41%

52-Week Range

GBX92.80 - GBX132.50

All Time High

GBX162.93