Royce Micro-Cap Trust Inc. Common Stock (RMT)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start by asking what I own. RMT is not an operating company; it is a closed-end fund managed by Royce & Associates, buying micro-cap U.S. value stocks under $500 million market cap against the Russell 2000. The fund’s market price on 2026-10-13 was $13.15, and the supplied FairStock data show a P/B of 0.79, a P/E of 1.86, and a dividend yield of 6.49%. That combination suggests the market is valuing the portfolio at a discount to book and pays meaningful cash distributions. The Graham Number of $43.29 and 69.62% margin of safety look extraordinarily wide, but for a fund these calculations deserve caution because they are FairStock calculations from the supplied data without a named filed period. On financial health, debt-to-equity of 0.03 is modest and the Altman Z-Score of 20.41 is very high. But the Piotroski F-Score of 1/9 is weak, ROCE is -0.28%, and the FairStock Score is only 54/100. ROE of 51.64% is high, though for a closed-end fund that FairStock figure may be volatile. Growth is a blank: revenue and profit growth are N/A, and no Lynch category can be assigned because only 0 years of filed results are available against the three years required. A closed-end fund can have a durable process, but the data do not let me verify a moat. At 0.79 times book and a 6.49% yield, price looks cheap relative to supplied metrics. Yet missing history and a 1/9 Piotroski make this a show-me situation, not a clear bargain.

In plain English: Royce Micro-Cap Trust is a closed-end fund that invests in very small U.S. companies it considers cheap. Based on the supplied numbers, its shares trade below their accounting value and pay a high dividend, but there is no usable growth history and its quality score is only middling. That makes the price look cheap on some measures, yet the fund is hard to judge because key filed results are missing.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer