Ellsworth Convertible Growth & IF
Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the Bank of America Merril… Read more
Ellsworth Convertible Growth & IF (ECF) - Net Assets
Latest net assets as of September 2025: $208.32 Million USD
Based on the latest financial reports, Ellsworth Convertible Growth & IF (ECF) has net assets worth $208.32 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($209.51 Million) and total liabilities ($1.19 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 | $208.32 Million |
| % of Total Assets | 99.43% |
| Annual Growth Rate | 3.47% |
| 5-Year Change | -8.12% |
| 10-Year Change | 68.13% |
| Growth Volatility | 14.98 |
Ellsworth Convertible Growth & IF - Net Assets Trend (1987–2025)
This chart illustrates how Ellsworth Convertible Growth & IF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ellsworth Convertible Growth & IF (1987–2025)
The table below shows the annual net assets of Ellsworth Convertible Growth & IF from 1987 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $208.32 Million | +18.51% |
| 2024-09-30 | $175.77 Million | +41.99% |
| 2023-09-30 | $123.79 Million | -31.87% |
| 2022-09-30 | $181.71 Million | -19.85% |
| 2021-09-30 | $226.73 Million | +11.17% |
| 2020-09-30 | $203.94 Million | +13.97% |
| 2019-09-30 | $178.94 Million | +3.32% |
| 2018-09-30 | $173.19 Million | +7.56% |
| 2017-09-30 | $161.02 Million | +29.95% |
| 2016-09-30 | $123.91 Million | +2.44% |
| 2015-09-30 | $120.95 Million | -10.59% |
| 2014-09-30 | $135.27 Million | +5.01% |
| 2013-09-30 | $128.81 Million | +12.84% |
| 2012-09-30 | $114.15 Million | +14.15% |
| 2011-09-30 | $100.01 Million | -5.86% |
| 2010-09-30 | $106.23 Million | +11.82% |
| 2009-09-30 | $95.00 Million | +0.53% |
| 2008-09-30 | $94.50 Million | -27.25% |
| 2007-09-30 | $129.90 Million | +8.89% |
| 2006-09-30 | $119.30 Million | +3.92% |
| 2005-09-30 | $114.80 Million | +7.19% |
| 2004-09-30 | $107.10 Million | +19.27% |
| 2003-09-30 | $89.80 Million | +1.01% |
| 2001-09-30 | $88.90 Million | -18.59% |
| 2000-09-30 | $109.20 Million | +13.75% |
| 1999-09-30 | $96.00 Million | +1.27% |
| 1997-09-30 | $94.80 Million | +20.92% |
| 1996-09-30 | $78.40 Million | +12.48% |
| 1995-09-30 | $69.70 Million | +13.70% |
| 1994-09-30 | $61.30 Million | +7.73% |
| 1992-09-30 | $56.90 Million | +10.06% |
| 1991-09-30 | $51.70 Million | +12.64% |
| 1990-09-30 | $45.90 Million | -14.68% |
| 1989-09-30 | $53.80 Million | +3.86% |
| 1988-09-30 | $51.80 Million | -9.12% |
| 1987-09-30 | $57.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ellsworth Convertible Growth & IF'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 1810.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $59.21 Million | 28.42% |
| Common Stock | $118.85 Million | 57.05% |
| Other Components | $30.26 Million | 14.52% |
| Total Equity | $208.32 Million | 100.00% |
Ellsworth Convertible Growth & IF Competitors by Market Cap
The table below lists competitors of Ellsworth Convertible Growth & IF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VERTEX INC. A -001
F:56X
|
$112.23K |
|
URANIUM ENERGY
MU:U6Z
|
$112.57K |
|
FOMENTO CONSTR.
BE:FCC
|
$112.60K |
|
LORDS CO. WORLDW. HOLD.
F:4XM
|
$112.71K |
|
MTRWS
OTCGREY:MTRWS
|
$112.13K |
|
Cordiant Digital Infrastructure Ltd
LSE:CSRD
|
$112.13K |
|
BPIC39
SA:BPIC39
|
$112.04K |
|
Blue Star Foods Corp
NASDAQ:BSFC
|
$112.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ellsworth Convertible Growth & IF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 175,772,068 to 208,315,479, a change of 32,543,411 (18.5%).
- Net income of 48,666,728 contributed positively to equity growth.
- Other factors decreased equity by 16,123,317.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $48.67 Million | +23.36% |
| Other Changes | $-16.12 Million | -7.74% |
| Total Change | $- | 18.51% |
Book Value vs Market Value Analysis
This analysis compares Ellsworth Convertible Growth & IF'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: 0.75x
- 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 1.16x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-09-30 | $9.93 | $11.50 | x |
| 1988-09-30 | $8.66 | $11.50 | x |
| 1989-09-30 | $9.00 | $11.50 | x |
| 1990-09-30 | $7.50 | $11.50 | x |
| 1991-09-30 | $8.45 | $11.50 | x |
| 1992-09-30 | $9.30 | $11.50 | x |
| 1993-09-30 | $10.32 | $11.50 | x |
| 1994-09-30 | $9.71 | $11.50 | x |
| 1995-09-30 | $10.54 | $11.50 | x |
| 1996-09-30 | $11.81 | $11.50 | x |
| 1997-09-30 | $13.33 | $11.50 | x |
| 1998-09-30 | $11.18 | $11.50 | x |
| 1999-09-30 | $11.23 | $11.50 | x |
| 2000-09-30 | $11.83 | $11.50 | x |
| 2001-09-30 | $8.66 | $11.50 | x |
| 2002-09-30 | $7.81 | $11.50 | x |
| 2003-09-30 | $8.59 | $11.50 | x |
| 2004-09-30 | $8.71 | $11.50 | x |
| 2005-09-30 | $9.29 | $11.50 | x |
| 2006-09-30 | $9.60 | $11.50 | x |
| 2007-09-30 | $10.27 | $11.50 | x |
| 2008-09-30 | $7.19 | $11.50 | x |
| 2009-09-30 | $7.15 | $11.50 | x |
| 2010-09-30 | $7.95 | $11.50 | x |
| 2011-09-30 | $7.46 | $11.50 | x |
| 2012-09-30 | $8.48 | $11.50 | x |
| 2013-09-30 | $9.64 | $11.50 | x |
| 2014-09-30 | $10.03 | $11.50 | x |
| 2015-09-30 | $7.96 | $11.50 | x |
| 2016-09-30 | $9.57 | $11.50 | x |
| 2017-09-30 | $12.50 | $11.50 | x |
| 2018-09-30 | $14.58 | $11.50 | x |
| 2019-09-30 | $13.72 | $11.50 | x |
| 2020-09-30 | $16.18 | $11.50 | x |
| 2021-09-30 | $16.80 | $11.50 | x |
| 2022-09-30 | $13.26 | $11.50 | x |
| 2023-09-30 | $12.07 | $11.50 | x |
| 2024-09-30 | $12.88 | $11.50 | x |
| 2025-09-30 | $15.30 | $11.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ellsworth Convertible Growth & IF 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): 23.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 326.77%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.01x
- Recent ROE (23.36%) is above the historical average (7.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 11.04% | 160.05% | 0.07x | 1.00x | $590.00K |
| 1988 | 8.76% | 111.00% | 0.08x | 1.00x | $-640.00K |
| 1989 | 12.23% | 141.20% | 0.09x | 1.01x | $1.20 Million |
| 1990 | -8.93% | -96.93% | 0.09x | 1.02x | $-8.69 Million |
| 1991 | 18.12% | 239.03% | 0.08x | 1.00x | $4.20 Million |
| 1992 | 14.67% | 209.80% | 0.07x | 1.02x | $2.66 Million |
| 1993 | 16.19% | 259.70% | 0.06x | 1.00x | $3.99 Million |
| 1994 | -0.39% | -6.08% | 0.06x | 1.02x | $-6.37 Million |
| 1995 | 16.89% | 302.31% | 0.05x | 1.03x | $4.81 Million |
| 1996 | 15.50% | 324.87% | 0.05x | 1.04x | $4.31 Million |
| 1997 | 22.83% | 567.98% | 0.04x | 1.03x | $12.16 Million |
| 1998 | -1.46% | -34.04% | 0.04x | 1.00x | $-10.02 Million |
| 1999 | 15.52% | 387.01% | 0.04x | 1.01x | $5.30 Million |
| 2000 | 19.26% | 410.74% | 0.05x | 1.02x | $10.11 Million |
| 2001 | -13.87% | -207.23% | 0.07x | 1.02x | $-21.22 Million |
| 2002 | -5.47% | -97.80% | 0.06x | 1.00x | $-12.55 Million |
| 2003 | 12.58% | 255.66% | 0.05x | 1.02x | $2.32 Million |
| 2004 | 6.82% | 148.98% | 0.05x | 1.01x | $-3.41 Million |
| 2005 | 9.45% | 217.00% | 0.04x | 1.02x | $-630.00K |
| 2006 | 6.50% | 140.40% | 0.05x | 1.00x | $-4.18 Million |
| 2007 | 13.08% | 305.21% | 0.04x | 1.01x | $4.00 Million |
| 2008 | -26.14% | -458.26% | 0.06x | 1.02x | $-34.15 Million |
| 2009 | 4.38% | 77.47% | 0.06x | 1.01x | $-5.34 Million |
| 2010 | 13.90% | 97.41% | 0.14x | 1.01x | $4.14 Million |
| 2011 | -3.17% | 0.00% | -0.03x | 1.02x | $-13.17 Million |
| 2012 | 15.06% | 97.78% | 0.15x | 1.01x | $5.78 Million |
| 2013 | 13.79% | 97.60% | 0.14x | 1.01x | $4.89 Million |
| 2014 | 9.37% | 96.23% | 0.10x | 1.00x | $-853.44K |
| 2015 | -2.01% | 0.00% | -0.02x | 1.00x | $-14.53 Million |
| 2016 | 10.03% | 96.71% | 0.10x | 1.04x | $37.38K |
| 2017 | 8.88% | 97.21% | 0.09x | 1.01x | $-1.80 Million |
| 2018 | 11.19% | 97.78% | 0.11x | 1.00x | $2.07 Million |
| 2019 | 7.11% | 96.19% | 0.07x | 1.00x | $-5.17 Million |
| 2020 | 17.21% | 98.17% | 0.17x | 1.00x | $14.68 Million |
| 2021 | 16.92% | 98.74% | 0.17x | 1.01x | $15.70 Million |
| 2022 | -27.92% | 0.00% | -0.28x | 1.00x | $-68.91 Million |
| 2023 | 3.81% | 91.22% | 0.04x | 1.00x | $-10.28 Million |
| 2024 | 14.64% | 97.32% | 0.14x | 1.05x | $8.15 Million |
| 2025 | 23.36% | 326.77% | 0.07x | 1.01x | $27.84 Million |
Industry Comparison
This section compares Ellsworth Convertible Growth & IF'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 |
|---|---|---|---|---|
| Ellsworth Convertible Growth & IF (ECF) | $208.32 Million | 11.04% | 0.01x | $112.22K |
| 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 |