Royce Value Closed Fund (RVT) - Net Assets
Based on the latest financial reports, Royce Value Closed Fund (RVT) has net assets worth $2.16 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.17 Billion) and total liabilities ($4.50 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. Check Royce Value Closed Fund liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.16 Billion |
| % of Total Assets | 99.79% |
| Annual Growth Rate | 6.37% |
| 5-Year Change | 0.68% |
| 10-Year Change | 166907.55% |
| Growth Volatility | 20486.31 |
Royce Value Closed Fund - Net Assets Trend (1995–2025)
This chart illustrates how Royce Value Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore RVT asset base for the complete picture of this company's asset base.
Annual Net Assets for Royce Value Closed Fund (1995–2025)
The table below shows the annual net assets of Royce Value Closed Fund from 1995 to 2025. For live valuation and market cap data, see market value of Royce Value Closed Fund.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.16 Billion | +8.31% |
| 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 103259.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $620.16 Million | 28.65% |
| Common Stock | $1.54 Billion | 71.35% |
| Total Equity | $2.16 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 |
|---|---|
|
Xiamen Intretech Inc Class A
SHE:002925
|
$2.17 Billion |
|
Nextnav Acquisition Corp
NASDAQ:NN
|
$2.17 Billion |
|
Wuxi Shangji Automation Co Ltd
SHG:603185
|
$2.17 Billion |
|
Nanjing King-friend Biochemical Pharmaceutical Co Ltd
SHG:603707
|
$2.17 Billion |
|
Hwa Create Corp Ltd
SHE:300045
|
$2.17 Billion |
|
Uniti Group Inc.
LSE:0LJB
|
$2.17 Billion |
|
Trust Alliance Information Development Inc Ltd Shanghai
SHE:300469
|
$2.17 Billion |
|
IMMOFINANZ AG
VI:IIA
|
$2.17 Billion |
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 2024 to 2025, total equity changed from 1,998,457,021 to 2,164,437,870, a change of 165,980,849 (8.3%).
- Net income of 262,202,095 contributed positively to equity growth.
- Dividend payments of 96,221,246 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $262.20 Million | +12.11% |
| Dividends Paid | $96.22 Million | -4.45% |
| Total Change | $- | 8.31% |
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: 1.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.25x to 1.03x 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 | $18.50 | x |
| 1996-12-31 | $16.93 | $18.50 | x |
| 1997-12-31 | $19.30 | $18.50 | x |
| 1998-12-31 | $20.77 | $18.50 | x |
| 1999-12-31 | $20.49 | $18.50 | x |
| 2000-12-31 | $21.63 | $18.50 | x |
| 2001-12-31 | $21.33 | $18.50 | x |
| 2002-12-31 | $16.99 | $18.50 | x |
| 2003-12-31 | $21.43 | $18.50 | x |
| 2004-12-31 | $23.15 | $18.50 | x |
| 2005-12-31 | $22.89 | $18.50 | x |
| 2006-12-31 | $24.46 | $18.50 | x |
| 2007-12-31 | $23.41 | $18.50 | x |
| 2008-12-31 | $12.79 | $18.50 | x |
| 2009-12-31 | $16.20 | $18.50 | x |
| 2010-12-31 | $20.06 | $18.50 | x |
| 2011-12-31 | $17.41 | $18.50 | x |
| 2012-12-31 | $15.40 | $18.50 | x |
| 2013-12-31 | $18.17 | $18.50 | x |
| 2014-12-31 | $16.24 | $18.50 | x |
| 2015-12-31 | $13.56 | $18.50 | x |
| 2016-12-31 | $15.85 | $18.50 | x |
| 2017-12-31 | $17.68 | $18.50 | x |
| 2018-12-31 | $13.56 | $18.50 | x |
| 2019-12-31 | $16.58 | $18.50 | x |
| 2020-12-31 | $18.52 | $18.50 | x |
| 2021-12-31 | $20.80 | $18.50 | x |
| 2022-12-31 | $15.12 | $18.50 | x |
| 2023-12-31 | $16.42 | $18.50 | x |
| 2024-12-31 | $16.99 | $18.50 | x |
| 2025-12-31 | $18.00 | $18.50 | 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): 12.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 129.32%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.00x
- Recent ROE (12.11%) is below the historical average (375.96%), 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 | -9806.05% | -608.76% | 15.10x | 1.07x | $-105.23 Million |
| 2016 | 20979.90% | 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 |
| 2025 | 12.11% | 129.32% | 0.09x | 1.00x | $45.76 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: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royce Value Closed Fund (RVT) | $2.16 Billion | 46.26% | 0.00x | $2.17 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About 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