JPmorgan US Smaller Companies Investment Trust PLC (JUSC) - Net Assets

Latest as of December 2025: GBX230.23 Million GBX ≈ $28.01K USD

Based on the latest financial reports, JPmorgan US Smaller Companies Investment Trust PLC (JUSC) has net assets worth GBX230.23 Million GBX (≈ $28.01K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX256.62 Million ≈ $31.22K USD) and total liabilities (GBX26.38 Million ≈ $3.21K 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 JPmorgan US Smaller Companies Investment (JUSC) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX230.23 Million
% of Total Assets	89.72%
Annual Growth Rate	4.28%
5-Year Change	-23.71%
10-Year Change	49.67%
Growth Volatility	22.77

JPmorgan US Smaller Companies Investment Trust PLC - Net Assets Trend (2000–2025)

This chart illustrates how JPmorgan US Smaller Companies Investment Trust PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is JPmorgan US Smaller Companies Investment worth.

Annual Net Assets for JPmorgan US Smaller Companies Investment Trust PLC (2000–2025)

The table below shows the annual net assets of JPmorgan US Smaller Companies Investment Trust PLC from 2000 to 2025. Also explore net asset momentum of JPmorgan US Smaller Companies Investment to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	GBX230.23 Million ≈ $28.01K	-21.63%
2024-12-31	GBX293.79 Million ≈ $35.75K	+5.03%
2023-12-31	GBX279.73 Million ≈ $34.03K	+2.44%
2022-12-31	GBX273.06 Million ≈ $33.22K	-9.52%
2021-12-31	GBX301.78 Million ≈ $36.72K	+27.42%
2020-12-31	GBX236.84 Million ≈ $28.82K	+19.46%
2019-12-31	GBX198.25 Million ≈ $24.12K	+24.82%
2018-12-31	GBX158.83 Million ≈ $19.33K	-4.71%
2017-12-31	GBX166.69 Million ≈ $20.28K	+8.36%
2016-12-31	GBX153.82 Million ≈ $18.72K	+48.19%
2015-12-31	GBX103.81 Million ≈ $12.63K	+4.49%
2014-12-31	GBX99.35 Million ≈ $12.09K	+15.07%
2013-12-31	GBX86.34 Million ≈ $10.50K	+45.81%
2012-12-31	GBX59.21 Million ≈ $7.20K	+12.51%
2011-12-31	GBX52.63 Million ≈ $6.40K	-0.60%
2010-12-31	GBX52.95 Million ≈ $6.44K	+27.90%
2009-12-31	GBX41.40 Million ≈ $5.04K	+20.08%
2008-12-31	GBX34.48 Million ≈ $4.19K	-49.24%
2007-12-31	GBX67.91 Million ≈ $8.26K	-27.13%
2006-12-31	GBX93.19 Million ≈ $11.34K	-2.95%
2005-12-31	GBX96.03 Million ≈ $11.68K	+17.89%
2004-12-31	GBX81.45 Million ≈ $9.91K	+3.33%
2003-12-31	GBX78.83 Million ≈ $9.59K	+31.64%
2002-12-31	GBX59.88 Million ≈ $7.29K	-33.76%
2001-12-31	GBX90.40 Million ≈ $11.00K	+11.90%
2000-12-31	GBX80.79 Million ≈ $9.83K	--

Equity Component Analysis

This analysis shows how different components contribute to JPmorgan US Smaller Companies 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 grown by 407500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	GBX4.08 Million	1.77%
Common Stock	GBX1.64 Million	0.71%
Other Comprehensive Income	GBX178.77 Million	77.65%
Other Components	GBX45.76 Million	19.87%
Total Equity	GBX230.23 Million	100.00%

JPmorgan US Smaller Companies Investment Trust PLC Competitors by Market Cap

The table below lists competitors of JPmorgan US Smaller Companies Investment Trust PLC ranked by their market capitalization.

Company	Market Cap
CL8 Holdings Ltd AU:CL8	$2.47 Million
John Wood Group PLC LSE:WG	$2.47 Million
Scout Security Ltd AU:SCT	$2.47 Million
Ostrom Climate Solutions Inc V:COO	$2.48 Million
Alpha Star Acquisition Corp NASDAQ:ALSA	$2.46 Million
NuGen Medical Devices Inc V:NGMD	$2.46 Million
SIGNATURE RESOURCES NEW F:3S30	$2.46 Million
Lanesborough Real Estate Investment Trust V:LRT-UN	$2.46 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in JPmorgan US Smaller Companies Investment Trust PLC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 293,789,000 to 230,234,000, a change of -63,555,000 (-21.6%).
Net loss of 35,008,000 reduced equity.
Dividend payments of 1,830,000 reduced retained earnings.
Share repurchases of 26,616,000 reduced equity.
Other comprehensive income increased equity by 176,912,001.
Other factors decreased equity by 177,013,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX-35.01 Million	-15.21%
Dividends Paid	GBX1.83 Million	-0.79%
Share Repurchases	GBX26.62 Million	-11.56%
Other Comprehensive Income	GBX176.91 Million	+76.84%
Other Changes	GBX-177.01 Million	-76.88%
Total Change	GBX-	-21.63%

Book Value vs Market Value Analysis

This analysis compares JPmorgan US Smaller Companies 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: 106.14x
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 405.75x to 106.14x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	GBX1.04	GBX421.50	x
2003-12-31	GBX0.71	GBX421.50	x
2004-12-31	GBX0.79	GBX421.50	x
2005-12-31	GBX0.95	GBX421.50	x
2006-12-31	GBX0.92	GBX421.50	x
2007-12-31	GBX0.74	GBX421.50	x
2008-12-31	GBX0.53	GBX421.50	x
2009-12-31	GBX0.73	GBX421.50	x
2010-12-31	GBX0.98	GBX421.50	x
2011-12-31	GBX1.00	GBX421.50	x
2012-12-31	GBX1.15	GBX421.50	x
2013-12-31	GBX1.65	GBX421.50	x
2014-12-31	GBX1.77	GBX421.50	x
2015-12-31	GBX1.85	GBX421.50	x
2016-12-31	GBX2.78	GBX421.50	x
2017-12-31	GBX2.96	GBX421.50	x
2018-12-31	GBX2.78	GBX421.50	x
2019-12-31	GBX3.44	GBX421.50	x
2020-12-31	GBX4.04	GBX421.50	x
2021-12-31	GBX4.69	GBX421.50	x
2022-12-31	GBX4.20	GBX421.50	x
2023-12-31	GBX4.34	GBX421.50	x
2024-12-31	GBX4.73	GBX421.50	x
2025-12-31	GBX3.97	GBX421.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently JPmorgan US Smaller Companies 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): -15.21%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: -0.12x
• Equity Multiplier: 1.11x
Recent ROE (-15.21%) is below the historical average (6.58%), 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	27.20%	89.74%	0.28x	1.09x	GBX13.56 Million
2004	9.56%	80.27%	0.11x	1.08x	GBX-361.40K
2005	15.76%	79.16%	0.19x	1.05x	GBX5.53 Million
2006	-3.04%	0.00%	-0.02x	1.13x	GBX-12.16 Million
2007	-9.05%	0.00%	-0.07x	1.06x	GBX-12.94 Million
2008	-59.96%	0.00%	-0.58x	1.02x	GBX-24.12 Million
2009	22.14%	91.16%	0.24x	1.02x	GBX5.03 Million
2010	24.89%	92.45%	0.25x	1.09x	GBX7.88 Million
2011	1.00%	25.97%	0.03x	1.13x	GBX-4.74 Million
2012	11.12%	92.58%	0.11x	1.12x	GBX663.60K
2013	26.60%	97.69%	0.25x	1.07x	GBX14.34 Million
2014	11.39%	94.80%	0.11x	1.10x	GBX1.38 Million
2015	3.79%	85.76%	0.04x	1.13x	GBX-6.45 Million
2016	32.79%	98.49%	0.30x	1.11x	GBX35.06 Million
2017	5.83%	92.56%	0.06x	1.09x	GBX-6.95 Million
2018	-6.27%	0.00%	-0.05x	1.10x	GBX-25.84 Million
2019	20.56%	97.66%	0.20x	1.08x	GBX20.94 Million
2020	13.27%	97.46%	0.13x	1.09x	GBX7.74 Million
2021	14.42%	97.98%	0.14x	1.08x	GBX13.35 Million
2022	-9.17%	0.00%	-0.08x	1.09x	GBX-52.33 Million
2023	4.21%	75.38%	0.05x	1.09x	GBX-16.19 Million
2024	9.61%	96.34%	0.09x	1.08x	GBX-1.16 Million
2025	-15.21%	0.00%	-0.12x	1.11x	GBX-58.03 Million

Industry Comparison

This section compares JPmorgan US Smaller Companies 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: $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
JPmorgan US Smaller Companies Investment Trust PLC (JUSC)	GBX230.23 Million	27.20%	0.11x	$2.47 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 JPmorgan US Smaller Companies Investment Trust PLC

LSE:JUSC UK Asset Management

Market Cap

$2.47 Million

GBX20.26 Billion GBX

Market Cap Rank

#29832 Global

#641 in UK

Share Price

GBX421.50

Change (1 day)

-0.35%

52-Week Range

GBX369.00 - GBX460.00

All Time High

GBX522.00