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

Latest as of September 2025: GBX448.11 Million GBX ≈ $54.52K USD

Based on the latest financial reports, Polar Capital Global Healthcare Trust plc (PCGH) has net assets worth GBX448.11 Million GBX (≈ $54.52K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX457.51 Million ≈ $55.67K USD) and total liabilities (GBX9.40 Million ≈ $1.14K 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. Read Polar Capital Global Healthcare Trust pl debt and liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX448.11 Million
% of Total Assets 97.95%
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. Also explore PCGH asset base for the complete picture of this company's asset base.

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
SIMFABRIC SA ZY-10
F:853
 $4.62 Million
Archon Minerals Ltd
V:ACS
 $4.63 Million
Marquee Resources Ltd
AU:MQR
 $4.63 Million
KST Beteiligungs AG
F:KSW
 $4.63 Million
Metals Exploration Plc
LSE:MTL
 $4.62 Million
Carmell Therapeutics Corporation
NASDAQ:CTCX
 $4.61 Million
Bold Ventures Inc
V:BOL
 $4.61 Million
Asia Fiber Public Company Limited
BK:AFC
 $4.60 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: 103.51x
  • 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 1391.80x to 103.51x 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 GBX382.50 x
2011-03-31 GBX0.27 GBX382.50 x
2011-09-30 GBX1.10 GBX382.50 x
2012-09-30 GBX1.21 GBX382.50 x
2013-09-30 GBX1.46 GBX382.50 x
2014-09-30 GBX1.72 GBX382.50 x
2015-09-30 GBX1.74 GBX382.50 x
2016-09-30 GBX2.05 GBX382.50 x
2017-09-30 GBX2.07 GBX382.50 x
2018-09-30 GBX2.46 GBX382.50 x
2019-09-30 GBX2.36 GBX382.50 x
2020-09-30 GBX2.68 GBX382.50 x
2020-12-31 GBX2.68 GBX382.50 x
2021-09-30 GBX3.18 GBX382.50 x
2021-12-31 GBX3.18 GBX382.50 x
2022-09-30 GBX3.34 GBX382.50 x
2022-12-31 GBX3.34 GBX382.50 x
2023-09-30 GBX3.46 GBX382.50 x
2024-09-30 GBX3.95 GBX382.50 x
2025-09-30 GBX3.70 GBX382.50 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: $745,852,800
  • Average return on equity (ROE) among peers: 2.99%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Polar Capital Global Healthcare Trust plc (PCGH) GBX448.11 Million 22.65% 0.02x $4.62 Million
3I Infrastructure PLC (3IN) $1.20 Billion 4.98% 0.15x $42.14 Million
Albion Enterprise VCT PLC (AAEV) $61.87 Million 11.55% 0.03x $3.29 Million
abrdn Asian Income Fund Limited (AAIF) $431.87 Million 14.17% 0.08x $5.17 Million
Abrdn Asia Focus PLC (AAS) $98.67 Million 9.82% 0.09x $7.49 Million
Albion Technology & General VCT PLC (AATG) $64.83 Million 5.63% 0.01x $3.22 Million
Abrdn PLC (ABDN) $4.56 Billion 10.22% 39.48x $45.21 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $426.87 Million 6.29% 0.20x $450.86K
Aquila Energy Efficiency Trust PLC (AEET) $69.67 Million -2.91% 0.02x $261.59K
Aquila European Renewables Income PLC (AERI) $372.54 Million -8.03% 0.00x $79.35 Million
Artemis UK Future Leaders plc (AFL) $174.91 Million -21.80% 0.02x $415.29

About Polar Capital Global Healthcare Trust plc

LSE:PCGH UK Asset Management
Market Cap
$4.62 Million
GBX38.01 Billion GBX
Market Cap Rank
#28512 Global
#484 in UK
Share Price
GBX382.50
Change (1 day)
+2.27%
52-Week Range
GBX311.00 - GBX437.00
All Time High
GBX437.00
Categories
Companies in UK Asset Management Banking & Financial
About

Polar Capital Global Healthcare Trust plc is a closed ended equity mutual fund launched and managed by Polar Capital LLP. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, with an emphasis on companies involved in pharmaceuticals, medical services, medical devices, and biotechnology. The fund primarily invests… Read more