Bancroft Fund Limited (BCV) Fair Value & Analysis
Financial Services · US · Market cap $144M · ISIN US0596951063
What is Bancroft Fund Limited really worth?
Bancroft Fund Limited
BCV · US
A solid business, trading 53% below our fair value of $51.06.
As of Aug 16, 2026, the fair value of Bancroft Fund Limited is $51.06 per share against a price of $24.24, so the fair value sits 111% above the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Aug 16, 2026
From 11 valuation models · updated 21 days ago
Fair value updated Aug 16, 2026, revised from $51.22 to $51.06 (−0.3%) since Aug 13, 2026. Share price −1.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case ($31.73). The market is more pessimistic than our downside scenario.
- A fairly wide model range ($31.73 to $77.80) leaves room in how you read the outcome.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
60‑month range $11.65 – $26.47 · fair‑value band $31.73 – $77.80 · the $24.24 price screens below the $51.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 16, 2026.
Analysis
Bancroft Fund Limited (BCV) currently trades at $24.24, while our model-based Fair Value estimate is $51.06, implying the stock looks roughly 52.5% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of $144.79 per share, and 10 of the 11 models we run sit above the $24.24 price. Bear case: the Asset-Based group reads lowest at $20.67, and 1 of the 11 models stay below the price. Evidence for this calculation is high.
Trailing-twelve-month revenue stands at $4.0M. Revenue declined 29.3% year over year. It earns a return on equity of 25.5%. The stock trades on a trailing P/E of 3.6. Fundamentals as of Aug 16, 2026
Our scenario range runs from $31.73 (bear case) to $77.80 (bull case); at $24.24, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 111%, BCV screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 10 months have passed since. In that time the company retained roughly $4.55 per share. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 11 models by family
Widest divergence: Earnings-Based ($144.79) versus Asset-Based ($20.67). Highest evidence: Growth DCF (74).
Notify me when BCV reaches fair value
Put BCV on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 62
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.
Full company description
Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against S&P 500 Index, Bank of America Merrill Lynch All U.S. Convertibles Index, and Barclays Balanced U.S. Convertibles Index. The fund was formerly known as Bancroft Convertible Fund, Inc. Bancroft Fund Ltd. was formed on April 20, 1971 and is domiciled in the United States.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2025 · reported fiscal years
Bancroft Fund Limited reported revenue of $10.0M in FY2025 versus $27.5M in FY2020, a compound −18.3%/yr. Reported net income was $42.9M in FY2025, compounding +9.7%/yr from FY2020.
Watch BCV: get an alert when its fair value changes →
Peer Group
Asset Management · 695 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $142.39 | $52.88 | −63% |
| Investor AB INVEB | kr 408.05 | kr 827.56 | +103% |
| Brookfield Corporation BN | C$55.74 | C$10.67 | −81% |
| KKR & Co KKR | $108.68 | $19.97 | −82% |
| Apollo Global Management, Inc APO | $135.04 | $101.04 | −25% |
| State Street Corporation STT | $193.33 | $138.33 | −28% |
| Ameriprise Financial, Inc AMP | $559.32 | $515.24 | −8% |
| Ares Management Corporation ARES | $143.10 | $30.88 | −78% |
| Northern Trust Corporation NTRS | $186.79 | $122.02 | −35% |
| Raymond James Financial, Inc RJF | $181.10 | $142.42 | −21% |
Compare Bancroft Fund Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Bancroft Fund Limited (BCV) overvalued or undervalued?
What is the fair value of BCV?
What is the quality score of BCV?
What is the price target for Bancroft Fund Limited (BCV)?
What is the Bancroft Fund Limited stock forecast for 2026?
What is the revenue of Bancroft Fund Limited (BCV)?
Does Bancroft Fund Limited pay a dividend?
Watch Bancroft Fund Limited in the live analysis
One click puts Bancroft Fund Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.