Polar Capital Global Healthcare Trust plc (PCGH) - Net Assets

Latest as of March 2026: GBX377.05 Million GBX ≈ $45.88K USD

Based on the latest financial reports, Polar Capital Global Healthcare Trust plc (PCGH) has net assets worth GBX377.05 Million GBX (≈ $45.88K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX417.96 Million ≈ $50.85K USD) and total liabilities (GBX40.91 Million ≈ $4.98K 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 PCGH tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX377.05 Million
% of Total Assets	90.21%
Annual Growth Rate	11.36%
5-Year Change	10.69%
10-Year Change	55.35%
Growth Volatility	10.15

Polar Capital Global Healthcare Trust plc - Net Assets Trend (2011–2025)

This chart illustrates how Polar Capital Global Healthcare Trust plc's net assets have evolved over time, based on quarterly financial data. See Polar Capital Global Healthcare Trust pl (PCGH) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Polar Capital Global Healthcare Trust plc (2011–2025)

The table below shows the annual net assets of Polar Capital Global Healthcare Trust plc from 2011 to 2025. For live valuation and market cap data, see Polar Capital Global Healthcare Trust pl stock valuation.

Year	Net Assets	Change
2025-09-30	GBX448.11 Million ≈ $54.52K	-6.46%
2024-09-30	GBX479.07 Million ≈ $58.29K	+14.29%
2023-09-30	GBX419.18 Million ≈ $51.00K	+3.54%
2022-12-31	GBX404.83 Million ≈ $49.26K	0.00%
2022-09-30	GBX404.83 Million ≈ $49.26K	-4.11%
2021-12-31	GBX422.19 Million ≈ $51.37K	+9.45%
2021-09-30	GBX385.73 Million ≈ $46.93K	+6.99%
2020-12-31	GBX360.54 Million ≈ $43.87K	+10.89%
2020-09-30	GBX325.13 Million ≈ $39.56K	+12.72%
2019-09-30	GBX288.45 Million ≈ $35.10K	-2.64%
2018-09-30	GBX296.26 Million ≈ $36.05K	+18.44%
2017-09-30	GBX250.13 Million ≈ $30.43K	+0.93%
2016-09-30	GBX247.82 Million ≈ $30.15K	+17.77%
2015-09-30	GBX210.44 Million ≈ $25.60K	+5.24%
2014-09-30	GBX199.96 Million ≈ $24.33K	+28.39%
2013-09-30	GBX155.75 Million ≈ $18.95K	+29.00%
2012-09-30	GBX120.74 Million ≈ $14.69K	+20.23%
2011-09-30	GBX100.42 Million ≈ $12.22K	+6.66%
2011-03-31	GBX94.16 Million ≈ $11.46K	--

Equity Component Analysis

This analysis shows how different components contribute to Polar Capital Global Healthcare 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 10.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	GBX1.45 Million	0.32%
Common Stock	GBX31.04 Million	6.93%
Other Comprehensive Income	GBX334.94 Million	74.75%
Other Components	GBX80.69 Million	18.01%
Total Equity	GBX448.11 Million	100.00%

Polar Capital Global Healthcare Trust plc Competitors by Market Cap

The table below lists competitors of Polar Capital Global Healthcare Trust plc ranked by their market capitalization.

Company	Market Cap
Gelteq Limited Ordinary Shares NASDAQ:GELS	$5.03 Million
333D Ltd AU:T3D	$5.04 Million
Aston Martin Lagonda Global Holdings PLC LSE:AML	$5.04 Million
Throgmorton Trust Plc LSE:THRG	$5.04 Million
Albion Resources Ltd AU:ALB	$5.03 Million
Golden Metal Resources PLC LSE:GMET	$5.03 Million
Me Group International PLC LSE:MEGP	$5.03 Million
CaliberCos Inc. Class A Common Stock NASDAQ:CWD	$5.03 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Polar Capital Global Healthcare Trust plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 479,073,000 to 448,110,000, a change of -30,963,000 (-6.5%).
Net loss of 28,053,000 reduced equity.
Dividend payments of 2,910,000 reduced retained earnings.
Other comprehensive income decreased equity by 29,606,999.
Other factors increased equity by 29,606,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX-28.05 Million	-6.26%
Dividends Paid	GBX2.91 Million	-0.65%
Other Comprehensive Income	GBX-29.61 Million	-6.61%
Other Changes	GBX29.61 Million	+6.61%
Total Change	GBX-	-6.46%

Book Value vs Market Value Analysis

This analysis compares Polar Capital Global Healthcare 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: 111.63x
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 1500.96x to 111.63x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-09-30	GBX0.27	GBX412.50	x
2011-03-31	GBX0.27	GBX412.50	x
2011-09-30	GBX1.10	GBX412.50	x
2012-09-30	GBX1.21	GBX412.50	x
2013-09-30	GBX1.46	GBX412.50	x
2014-09-30	GBX1.72	GBX412.50	x
2015-09-30	GBX1.74	GBX412.50	x
2016-09-30	GBX2.05	GBX412.50	x
2017-09-30	GBX2.07	GBX412.50	x
2018-09-30	GBX2.46	GBX412.50	x
2019-09-30	GBX2.36	GBX412.50	x
2020-09-30	GBX2.68	GBX412.50	x
2020-12-31	GBX2.68	GBX412.50	x
2021-09-30	GBX3.18	GBX412.50	x
2021-12-31	GBX3.18	GBX412.50	x
2022-09-30	GBX3.34	GBX412.50	x
2022-12-31	GBX3.34	GBX412.50	x
2023-09-30	GBX3.46	GBX412.50	x
2024-09-30	GBX3.95	GBX412.50	x
2025-09-30	GBX3.70	GBX412.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Polar Capital Global Healthcare 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): -6.26%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: -0.06x
• Equity Multiplier: 1.02x
Recent ROE (-6.26%) is below the historical average (11.27%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	22.65%	81.69%	0.07x	3.87x	GBX3.10 Million
2011	22.65%	81.69%	0.07x	3.87x	GBX3.10 Million
2011	6.42%	76.03%	0.08x	1.00x	GBX-3.60 Million
2012	19.41%	96.77%	0.20x	1.00x	GBX11.36 Million
2013	18.38%	97.02%	0.19x	1.02x	GBX13.05 Million
2014	16.03%	97.04%	0.16x	1.00x	GBX12.06 Million
2015	7.74%	93.59%	0.08x	1.00x	GBX-4.76 Million
2016	17.21%	97.35%	0.17x	1.03x	GBX17.88 Million
2017	0.79%	45.64%	0.02x	1.14x	GBX-23.05 Million
2018	16.58%	95.71%	0.15x	1.13x	GBX19.49 Million
2019	-1.34%	0.00%	0.00x	1.16x	GBX-32.70 Million
2020	12.39%	94.61%	0.12x	1.12x	GBX7.76 Million
2020	12.39%	94.61%	0.12x	1.12x	GBX7.76 Million
2021	16.34%	96.77%	0.15x	1.10x	GBX24.45 Million
2021	16.34%	96.77%	0.15x	1.10x	GBX24.45 Million
2022	5.32%	90.40%	0.05x	1.09x	GBX-18.95 Million
2022	5.32%	90.40%	0.05x	1.09x	GBX-18.95 Million
2023	4.03%	84.25%	0.04x	1.11x	GBX-25.02 Million
2024	13.11%	142.93%	0.09x	1.01x	GBX14.89 Million
2025	-6.26%	0.00%	-0.06x	1.02x	GBX-72.86 Million

Industry Comparison

This section compares Polar Capital Global Healthcare 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
Polar Capital Global Healthcare Trust plc (PCGH)	GBX377.05 Million	22.65%	0.11x	$5.03 Million
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 Polar Capital Global Healthcare Trust plc

LSE:PCGH UK Asset Management

Market Cap

$5.03 Million

GBX41.37 Billion GBX

Market Cap Rank

#28560 Global

#475 in UK

Share Price

GBX412.50

Change (1 day)

-1.32%

52-Week Range

GBX322.00 - GBX437.00

All Time High

GBX437.00