Royce Value Closed Fund
Royce Value Trust Inc. is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies. The fund benchmarks the performance of its portfolio against the Russell 2000 Index. Royce Val… Read more
Royce Value Closed Fund (RVT) - Net Assets
Latest net assets as of June 2025: $2.00 Billion USD
Based on the latest financial reports, Royce Value Closed Fund (RVT) has net assets worth $2.00 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 ($2.04 Billion) and total liabilities ($39.13 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 | $2.00 Billion |
| % of Total Assets | 98.08% |
| Annual Growth Rate | 6.31% |
| 5-Year Change | 5.82% |
| 10-Year Change | 186317.14% |
| Growth Volatility | 20824.16 |
Royce Value Closed Fund - Net Assets Trend (1995–2024)
This chart illustrates how Royce Value 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 Royce Value Closed Fund (1995–2024)
The table below shows the annual net assets of Royce Value Closed Fund from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.00 Billion | +7.21% |
| 2023-12-31 | $1.86 Billion | +16.12% |
| 2022-12-31 | $1.61 Billion | -25.34% |
| 2021-12-31 | $2.15 Billion | +13.83% |
| 2020-12-31 | $1.89 Billion | +16.00% |
| 2019-12-31 | $1.63 Billion | +24.84% |
| 2018-12-31 | $1.30 Billion | -11.91% |
| 2017-12-31 | $1.48 Billion | +114131.15% |
| 2016-12-31 | $1.30 Million | +20.89% |
| 2015-12-31 | $1.07 Million | -99.91% |
| 2014-12-31 | $1.23 Billion | -5.80% |
| 2013-12-31 | $1.31 Billion | +20.83% |
| 2012-12-31 | $1.08 Billion | -8.78% |
| 2011-12-31 | $1.19 Billion | -10.51% |
| 2010-12-31 | $1.33 Billion | +23.94% |
| 2009-12-31 | $1.07 Billion | +29.96% |
| 2008-12-31 | $823.20 Million | -41.40% |
| 2007-12-31 | $1.40 Billion | +0.31% |
| 2006-12-31 | $1.40 Billion | +11.84% |
| 2005-12-31 | $1.25 Billion | +3.20% |
| 2004-12-31 | $1.21 Billion | +13.31% |
| 2003-12-31 | $1.07 Billion | +48.56% |
| 2002-12-31 | $720.80 Million | -15.11% |
| 2001-12-31 | $849.10 Million | +8.40% |
| 2000-12-31 | $783.30 Million | +9.86% |
| 1999-12-31 | $713.00 Million | +5.32% |
| 1998-12-31 | $677.00 Million | +22.16% |
| 1997-12-31 | $554.20 Million | +25.44% |
| 1996-12-31 | $441.80 Million | +30.32% |
| 1995-12-31 | $339.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royce Value 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 87812.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $527.47 Million | 26.39% |
| Common Stock | $1.47 Billion | 73.61% |
| Total Equity | $2.00 Billion | 100.00% |
Royce Value Closed Fund Competitors by Market Cap
The table below lists competitors of Royce Value Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BLUE CAP - Dusseldorf Stock Exchang
DU:B7E
|
$163.47K |
|
LUDWIG BECK - Dusseldorf Stock Exchang
DU:ECK
|
$163.52K |
|
Banca Popolare di Sondrio SpA
BE:593
|
$163.53K |
|
Fife Capital Corp
V:FFC-P
|
$163.55K |
|
RYTHM, Inc.
NASDAQ:RYM
|
$163.35K |
|
Elemental Altus Royalties Corp.
F:A98
|
$163.27K |
|
LG Electronics India Ltd
NSE:LGEINDIA
|
$163.15K |
|
WillScot Corporation
STU:WS11
|
$162.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royce Value Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,863,978,400 to 1,998,457,021, a change of 134,478,621 (7.2%).
- Net income of 219,681,454 contributed positively to equity growth.
- Dividend payments of 19,661,554 reduced retained earnings.
- Other factors decreased equity by 65,541,279.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $219.68 Million | +10.99% |
| Dividends Paid | $19.66 Million | -0.98% |
| Other Changes | $-65.54 Million | -3.28% |
| Total Change | $- | 7.21% |
Book Value vs Market Value Analysis
This analysis compares Royce Value 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: 0.99x
- 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 1.14x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $14.83 | $16.85 | x |
| 1996-12-31 | $16.93 | $16.85 | x |
| 1997-12-31 | $19.30 | $16.85 | x |
| 1998-12-31 | $20.77 | $16.85 | x |
| 1999-12-31 | $20.49 | $16.85 | x |
| 2000-12-31 | $21.63 | $16.85 | x |
| 2001-12-31 | $21.33 | $16.85 | x |
| 2002-12-31 | $16.99 | $16.85 | x |
| 2003-12-31 | $21.43 | $16.85 | x |
| 2004-12-31 | $23.15 | $16.85 | x |
| 2005-12-31 | $22.89 | $16.85 | x |
| 2006-12-31 | $24.46 | $16.85 | x |
| 2007-12-31 | $23.41 | $16.85 | x |
| 2008-12-31 | $12.79 | $16.85 | x |
| 2009-12-31 | $16.20 | $16.85 | x |
| 2010-12-31 | $20.06 | $16.85 | x |
| 2011-12-31 | $17.41 | $16.85 | x |
| 2012-12-31 | $15.40 | $16.85 | x |
| 2013-12-31 | $18.17 | $16.85 | x |
| 2014-12-31 | $16.24 | $16.85 | x |
| 2015-12-31 | $13.56 | $16.85 | x |
| 2016-12-31 | $15.85 | $16.85 | x |
| 2017-12-31 | $17.68 | $16.85 | x |
| 2018-12-31 | $13.56 | $16.85 | x |
| 2019-12-31 | $16.58 | $16.85 | x |
| 2020-12-31 | $18.52 | $16.85 | x |
| 2021-12-31 | $20.80 | $16.85 | x |
| 2022-12-31 | $15.12 | $16.85 | x |
| 2023-12-31 | $16.42 | $16.85 | x |
| 2024-12-31 | $16.99 | $16.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royce Value 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): 10.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 930.88%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.02x
- Recent ROE (10.99%) is below the historical average (388.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 46.26% | 2190.36% | 0.02x | 1.13x | $122.93 Million |
| 1996 | 32.36% | 1560.70% | 0.02x | 1.09x | $98.78 Million |
| 1997 | 46.12% | 2199.74% | 0.02x | 1.06x | $200.19 Million |
| 1998 | 15.17% | 820.45% | 0.02x | 1.01x | $35.02 Million |
| 1999 | 26.29% | 1314.38% | 0.02x | 1.00x | $116.14 Million |
| 2000 | 32.14% | 1646.57% | 0.02x | 1.01x | $173.43 Million |
| 2001 | 30.24% | 2018.55% | 0.01x | 1.00x | $171.85 Million |
| 2002 | -17.19% | -1184.32% | 0.01x | 1.04x | $-195.96 Million |
| 2003 | 59.76% | 8120.43% | 0.01x | 1.07x | $532.81 Million |
| 2004 | 40.21% | 5373.24% | 0.01x | 1.06x | $366.56 Million |
| 2005 | 23.42% | 1977.68% | 0.01x | 1.06x | $168.08 Million |
| 2006 | 37.37% | 2441.04% | 0.01x | 1.08x | $383.32 Million |
| 2007 | 17.98% | 1136.63% | 0.01x | 1.14x | $112.09 Million |
| 2008 | -121.63% | -4567.61% | 0.03x | 1.03x | $-1.08 Billion |
| 2009 | 42.10% | 3685.68% | 0.01x | 1.03x | $343.41 Million |
| 2010 | 47.94% | 3603.74% | 0.01x | 1.01x | $503.11 Million |
| 2011 | -14.60% | -1004.41% | 0.01x | 1.02x | $-291.92 Million |
| 2012 | 39.91% | 1835.22% | 0.02x | 1.14x | $323.77 Million |
| 2013 | 28.38% | 2036.17% | 0.01x | 1.09x | $240.40 Million |
| 2014 | -0.03% | -2.43% | 0.01x | 1.06x | $-123.60 Million |
| 2015 | -9806.06% | -608.76% | 15.10x | 1.07x | $-105.23 Million |
| 2016 | 20979.92% | 1508.50% | 13.17x | 1.06x | $271.77 Million |
| 2017 | 16.15% | 99.23% | 0.15x | 1.05x | $91.00 Million |
| 2018 | -16.82% | 0.00% | -0.16x | 1.05x | $-349.71 Million |
| 2019 | 23.62% | 99.35% | 0.23x | 1.04x | $221.73 Million |
| 2020 | 16.94% | 99.24% | 0.16x | 1.04x | $131.05 Million |
| 2021 | 16.83% | 99.16% | 0.16x | 1.04x | $146.76 Million |
| 2022 | -28.69% | 0.00% | -0.28x | 1.03x | $-621.12 Million |
| 2023 | 17.68% | 239.98% | 0.07x | 1.02x | $143.24 Million |
| 2024 | 10.99% | 930.88% | 0.01x | 1.02x | $19.84 Million |
Industry Comparison
This section compares Royce Value 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 |
|---|---|---|---|---|
| Royce Value Closed Fund (RVT) | $2.00 Billion | 46.26% | 0.02x | $163.36K |
| 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 |