Baillie Gifford Japan Trust (BGFD) - Net Assets
Based on the latest financial reports, Baillie Gifford Japan Trust (BGFD) has net assets worth GBX784.35 Million GBX (≈ $95.43K USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX899.13 Million ≈ $109.40K USD) and total liabilities (GBX114.78 Million ≈ $13.97K 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 Baillie Gifford Japan Trust PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX784.35 Million |
| % of Total Assets | 87.23% |
| Annual Growth Rate | 6.45% |
| 5-Year Change | -17.51% |
| 10-Year Change | 85.45% |
| Growth Volatility | 20.74 |
Baillie Gifford Japan Trust - Net Assets Trend (2000–2025)
This chart illustrates how Baillie Gifford Japan Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Baillie Gifford Japan Trust market cap and net worth.
Annual Net Assets for Baillie Gifford Japan Trust (2000–2025)
The table below shows the annual net assets of Baillie Gifford Japan Trust from 2000 to 2025. Also explore net asset momentum of Baillie Gifford Japan Trust to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | GBX788.15 Million ≈ $95.89K |
+5.31% |
| 2024-08-31 | GBX748.38 Million ≈ $91.06K |
+2.10% |
| 2023-08-31 | GBX732.96 Million ≈ $89.18K |
-7.34% |
| 2022-08-31 | GBX791.01 Million ≈ $96.24K |
-17.21% |
| 2021-08-31 | GBX955.40 Million ≈ $116.24K |
+23.69% |
| 2020-08-31 | GBX772.39 Million ≈ $93.98K |
+5.50% |
| 2019-08-31 | GBX732.11 Million ≈ $89.08K |
-3.17% |
| 2018-08-31 | GBX756.10 Million ≈ $92.00K |
+31.45% |
| 2017-08-31 | GBX575.22 Million ≈ $69.99K |
+35.35% |
| 2016-08-31 | GBX425.00 Million ≈ $51.71K |
+31.52% |
| 2015-08-31 | GBX323.15 Million ≈ $39.32K |
+29.93% |
| 2014-08-31 | GBX248.71 Million ≈ $30.26K |
+18.22% |
| 2013-08-31 | GBX210.38 Million ≈ $25.60K |
+56.31% |
| 2012-08-31 | GBX134.59 Million ≈ $16.38K |
+0.66% |
| 2011-08-31 | GBX133.71 Million ≈ $16.27K |
+15.13% |
| 2010-08-31 | GBX116.13 Million ≈ $14.13K |
+0.73% |
| 2009-08-31 | GBX115.29 Million ≈ $14.03K |
+3.50% |
| 2008-08-31 | GBX111.39 Million ≈ $13.55K |
-18.20% |
| 2007-08-31 | GBX136.17 Million ≈ $16.57K |
-7.79% |
| 2006-08-31 | GBX147.68 Million ≈ $17.97K |
+19.97% |
| 2005-08-31 | GBX123.10 Million ≈ $14.98K |
+18.57% |
| 2004-08-31 | GBX103.82 Million ≈ $12.63K |
+19.91% |
| 2003-08-31 | GBX86.58 Million ≈ $10.53K |
+10.29% |
| 2002-08-31 | GBX78.50 Million ≈ $9.55K |
-17.84% |
| 2001-08-31 | GBX95.55 Million ≈ $11.63K |
-42.20% |
| 2000-08-31 | GBX165.31 Million ≈ $20.11K |
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Equity Component Analysis
This analysis shows how different components contribute to Baillie Gifford Japan Trust'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 1292800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX12.93 Million | 1.64% |
| Common Stock | GBX3.88 Million | 0.49% |
| Other Comprehensive Income | GBX556.60 Million | 70.62% |
| Other Components | GBX214.74 Million | 27.25% |
| Total Equity | GBX788.15 Million | 100.00% |
Baillie Gifford Japan Trust Competitors by Market Cap
The table below lists competitors of Baillie Gifford Japan Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mitra Energi Persada Tbk PT
JK:KOPI
|
$8.58 Million |
|
Plascar Participações Industriais S.A
SA:PLAS3
|
$8.58 Million |
|
Zenith Steel Pipes & Industries Limited
NSE:ZENITHSTL
|
$8.59 Million |
|
Silver Range Resources Ltd
V:SNG
|
$8.60 Million |
|
AlphaTON Capital Corp.
NASDAQ:ATON
|
$8.58 Million |
|
GCP Infrastructure Investments Limited
LSE:GCP
|
$8.58 Million |
|
Vantage Corp
NYSE MKT:VNTG
|
$8.57 Million |
|
Hindusthan National Glass & Industries Limited
NSE:HINDNATGLS
|
$8.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Baillie Gifford Japan Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 748,379,000 to 788,148,000, a change of 39,769,000 (5.3%).
- Net income of 123,430,000 contributed positively to equity growth.
- Dividend payments of 8,481,000 reduced retained earnings.
- Share repurchases of 76,206,000 reduced equity.
- Other comprehensive income increased equity by 42,276,000.
- Other factors decreased equity by 41,250,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX123.43 Million | +15.66% |
| Dividends Paid | GBX8.48 Million | -1.08% |
| Share Repurchases | GBX76.21 Million | -9.67% |
| Other Comprehensive Income | GBX42.28 Million | +5.36% |
| Other Changes | GBX-41.25 Million | -5.23% |
| Total Change | GBX- | 5.31% |
Book Value vs Market Value Analysis
This analysis compares Baillie Gifford Japan Trust'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: 111.67x
- 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 1260.65x to 111.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-08-31 | GBX0.86 | GBX1078.00 | x |
| 2004-08-31 | GBX1.68 | GBX1078.00 | x |
| 2005-08-31 | GBX1.99 | GBX1078.00 | x |
| 2006-08-31 | GBX2.38 | GBX1078.00 | x |
| 2007-08-31 | GBX2.20 | GBX1078.00 | x |
| 2008-08-31 | GBX1.80 | GBX1078.00 | x |
| 2009-08-31 | GBX1.86 | GBX1078.00 | x |
| 2010-08-31 | GBX1.88 | GBX1078.00 | x |
| 2011-08-31 | GBX2.16 | GBX1078.00 | x |
| 2012-08-31 | GBX2.17 | GBX1078.00 | x |
| 2013-08-31 | GBX3.33 | GBX1078.00 | x |
| 2014-08-31 | GBX3.66 | GBX1078.00 | x |
| 2015-08-31 | GBX4.54 | GBX1078.00 | x |
| 2016-08-31 | GBX5.48 | GBX1078.00 | x |
| 2017-08-31 | GBX7.19 | GBX1078.00 | x |
| 2018-08-31 | GBX8.58 | GBX1078.00 | x |
| 2019-08-31 | GBX7.97 | GBX1078.00 | x |
| 2020-08-31 | GBX8.38 | GBX1078.00 | x |
| 2021-08-31 | GBX10.28 | GBX1078.00 | x |
| 2022-08-31 | GBX8.39 | GBX1078.00 | x |
| 2023-08-31 | GBX7.84 | GBX1078.00 | x |
| 2024-08-31 | GBX8.31 | GBX1078.00 | x |
| 2025-08-31 | GBX9.65 | GBX1078.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Baillie Gifford Japan Trust 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): 15.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 165.85%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.15x
- Recent ROE (15.66%) is above the historical average (7.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.61% | 91.88% | 0.15x | 1.20x | GBX6.86 Million |
| 2005 | 15.66% | 91.66% | 0.14x | 1.21x | GBX6.97 Million |
| 2006 | 16.64% | 91.37% | 0.15x | 1.19x | GBX9.81 Million |
| 2007 | -8.45% | 0.00% | -0.06x | 1.20x | GBX-25.13 Million |
| 2008 | -22.24% | 0.00% | -0.16x | 1.24x | GBX-35.92 Million |
| 2009 | 3.38% | 67.40% | 0.04x | 1.22x | GBX-7.63 Million |
| 2010 | 0.72% | 27.99% | 0.02x | 1.24x | GBX-10.77 Million |
| 2011 | 13.14% | 87.87% | 0.12x | 1.22x | GBX4.20 Million |
| 2012 | 0.65% | 25.42% | 0.02x | 1.23x | GBX-12.58 Million |
| 2013 | 31.24% | 102.62% | 0.26x | 1.18x | GBX44.69 Million |
| 2014 | 9.27% | 102.23% | 0.08x | 1.17x | GBX-1.82 Million |
| 2015 | 14.84% | 97.13% | 0.13x | 1.17x | GBX15.65 Million |
| 2016 | 20.19% | 78.47% | 0.22x | 1.18x | GBX43.31 Million |
| 2017 | 20.23% | 97.29% | 0.18x | 1.15x | GBX58.87 Million |
| 2018 | 16.90% | 94.07% | 0.16x | 1.16x | GBX52.19 Million |
| 2019 | -5.33% | 0.00% | -0.04x | 1.18x | GBX-112.24 Million |
| 2020 | 6.08% | 93.87% | 0.05x | 1.20x | GBX-30.29 Million |
| 2021 | 16.82% | 97.38% | 0.15x | 1.15x | GBX65.12 Million |
| 2022 | -19.66% | 0.00% | -0.16x | 1.19x | GBX-234.57 Million |
| 2023 | -5.90% | 0.00% | -0.06x | 1.18x | GBX-116.54 Million |
| 2024 | 8.52% | 94.64% | 0.08x | 1.20x | GBX-11.08 Million |
| 2025 | 15.66% | 165.85% | 0.08x | 1.15x | GBX44.62 Million |
Industry Comparison
This section compares Baillie Gifford Japan Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $971,344,300
- Average return on equity (ROE) among peers: 2.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baillie Gifford Japan Trust (BGFD) | GBX784.35 Million | 16.61% | 0.15x | $8.58 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $44.16 Million |
| Albion Enterprise VCT PLC (AAEV) | $278.53 Million | 5.11% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $5.50 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $7.56 Million |
| Albion Technology & General VCT PLC (AATG) | $78.03 Million | -0.40% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $52.13 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $413.68 Million | 2.10% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $316.90 Million | -0.37% | 0.13x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $241.60 Million | 17.22% | 0.01x | $439.05 |
About Baillie Gifford Japan Trust
The Baillie Gifford Japan Trust PLC is a closed ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. It is co-managed by Baillie Gifford & Co. The fund invests in the public equity markets of Japan. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of small and mid cap companies. It employs fundamental… Read more