General American Investors Closed Fund
General American Investors Company, Inc. is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials. The firm employs fundamenta… Read more
General American Investors Closed Fund (GAM) - Net Assets
Latest net assets as of June 2025: $1.68 Billion USD
Based on the latest financial reports, General American Investors Closed Fund (GAM) has net assets worth $1.68 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.69 Billion) and total liabilities ($17.73 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.68 Billion |
| % of Total Assets | 98.95% |
| Annual Growth Rate | 0.55% |
| 5-Year Change | 20.96% |
| 10-Year Change | 22.88% |
| Growth Volatility | 20.05 |
General American Investors Closed Fund - Net Assets Trend (2006–2024)
This chart illustrates how General American Investors Closed Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for General American Investors Closed Fund (2006–2024)
The table below shows the annual net assets of General American Investors Closed Fund from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.55 Billion | +8.64% |
| 2023-12-31 | $1.42 Billion | +36.68% |
| 2022-12-31 | $1.04 Billion | -29.31% |
| 2021-12-31 | $1.47 Billion | +15.24% |
| 2020-12-31 | $1.28 Billion | +0.49% |
| 2019-12-31 | $1.27 Billion | +17.01% |
| 2018-12-31 | $1.09 Billion | -13.78% |
| 2017-12-31 | $1.26 Billion | +3.95% |
| 2016-12-31 | $1.21 Billion | -3.62% |
| 2015-12-31 | $1.26 Billion | -11.66% |
| 2014-12-31 | $1.42 Billion | -0.01% |
| 2013-12-31 | $1.42 Billion | +23.78% |
| 2012-12-31 | $1.15 Billion | +31.63% |
| 2008-12-31 | $874.22 Million | -37.69% |
| 2007-12-31 | $1.40 Billion | +0.25% |
| 2006-12-31 | $1.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to General American Investors Closed Fund'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 57.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $992.86 Million | 64.22% |
| Common Stock | $23.47 Million | 1.52% |
| Other Comprehensive Income | $4.78 Million | 0.31% |
| Other Components | $524.92 Million | 33.95% |
| Total Equity | $1.55 Billion | 100.00% |
General American Investors Closed Fund Competitors by Market Cap
The table below lists competitors of General American Investors Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LINDT & SPRUENGLI N - Dusseldorf Stock Exchang
DU:LSPN
|
$1.23 Billion |
|
Bank Mega Tbk
JK:MEGA
|
$1.23 Billion |
|
Quinenco
SN:QUINENCO
|
$1.23 Billion |
|
ICF International Inc
NASDAQ:ICFI
|
$1.23 Billion |
|
Guangshen Railway Company Limited
PINK:GNGYF
|
$1.23 Billion |
|
Hunan Oil Pump
SHG:603319
|
$1.23 Billion |
|
Hilton Food Group plc
PINK:HLFGY
|
$1.23 Billion |
|
Pet Valu Holdings Ltd.
PINK:PTVLF
|
$1.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General American Investors Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,423,070,763 to 1,546,027,662, a change of 122,956,899 (8.6%).
- Net income of 245,455,190 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,253,363.
- Other factors decreased equity by 125,751,654.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $245.46 Million | +15.88% |
| Other Comprehensive Income | $3.25 Million | +0.21% |
| Other Changes | $-125.75 Million | -8.13% |
| Total Change | $- | 8.64% |
Book Value vs Market Value Analysis
This analysis compares General American Investors Closed Fund'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: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.54x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $39.19 | $60.20 | x |
| 2013-12-31 | $47.42 | $60.20 | x |
| 2014-12-31 | $45.94 | $60.20 | x |
| 2015-12-31 | $44.46 | $60.20 | x |
| 2016-12-31 | $56.73 | $60.20 | x |
| 2017-12-31 | $49.03 | $60.20 | x |
| 2018-12-31 | $36.27 | $60.20 | x |
| 2019-12-31 | $51.49 | $60.20 | x |
| 2020-12-31 | $73.14 | $60.20 | x |
| 2021-12-31 | $87.66 | $60.20 | x |
| 2022-12-31 | $77.08 | $60.20 | x |
| 2023-12-31 | $93.17 | $60.20 | x |
| 2024-12-31 | $71.38 | $60.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General American Investors Closed Fund 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): 15.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.53%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.01x
- Recent ROE (15.88%) is above the historical average (5.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.53% | 92.26% | 0.11x | 1.02x | $7.44 Million |
| 2007 | 8.13% | 57.15% | 0.14x | 1.01x | $-26.26 Million |
| 2008 | -56.50% | -1272.65% | 0.04x | 1.01x | $-581.32 Million |
| 2012 | 12.25% | 617.50% | 0.02x | 1.02x | $25.81 Million |
| 2013 | 21.60% | 1590.15% | 0.01x | 1.01x | $164.67 Million |
| 2014 | 5.11% | 310.66% | 0.02x | 1.01x | $-69.29 Million |
| 2015 | -2.26% | -46.06% | 0.05x | 1.02x | $-154.22 Million |
| 2016 | 6.96% | 86.39% | 0.08x | 1.01x | $-36.84 Million |
| 2017 | 13.54% | 92.53% | 0.14x | 1.01x | $44.67 Million |
| 2018 | -6.60% | 0.00% | -0.05x | 1.02x | $-180.40 Million |
| 2019 | 23.34% | 95.79% | 0.24x | 1.02x | $169.70 Million |
| 2020 | 6.02% | 86.44% | 0.07x | 1.02x | $-50.84 Million |
| 2021 | 19.93% | 95.20% | 0.21x | 1.02x | $146.32 Million |
| 2022 | -14.40% | 0.00% | -0.13x | 1.02x | $-300.42 Million |
| 2023 | 19.21% | 304.88% | 0.06x | 1.01x | $131.10 Million |
| 2024 | 15.88% | 97.53% | 0.16x | 1.01x | $90.85 Million |
Industry Comparison
This section compares General American Investors Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General American Investors Closed Fund (GAM) | $1.68 Billion | 10.53% | 0.01x | $1.23 Billion |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |