ETX (Eaton Vance Municipalome 2028 Term Trust) Piotroski F-Score: 7 (As of Jul. 10, 2026) — Near Median


ETX Eaton Vance Municipal Income 2028 Term Trust ETX
34 GF Score
Price $18.71
! 1 Warning Sign
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What is Eaton Vance Municipalome 2028 Term Trust Piotroski F-Score?

Eaton Vance Municipalome 2028 Term Trust ETX +0.08% 34 Piotroski F-Score is 7 as of Jul. 10, 2026, which is at its 10-year median of 7.00. GuruFocus rates ETX with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 1,600 Asset Management companies, Eaton Vance Municipalome 2028 Term Trust ranks better than 92.62% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Eaton Vance Municipalome 2028 Term Trust has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score or its related term are showing as below:

ETX' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 9 years, the highest Piotroski F-Score of Eaton Vance Municipalome 2028 Term Trust was 8. The lowest was 4. And the median was 7.

Eaton Vance Municipalome 2028 Term Trust  (NYSE:ETX) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Eaton Vance Municipalome 2028 Term Trust Piotroski F-Score Related Terms


Eaton Vance Municipalome 2028 Term Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eaton Vance Municipalome 2028 Term Trust Piotroski F-Score Chart

Eaton Vance Municipalome 2028 Term Trust Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 5.00 8.00 7.00 7.00

Eaton Vance Municipalome 2028 Term Trust Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 0.00 7.00 0.00 7.00

ETX vs DMB, FT, IDE: Piotroski F-Score Comparison

For the Asset Management subindustry, Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eaton Vance Municipalome 2028 Term Trust Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score falls into.


ETX
34GF Score
Eaton Vance Municipal Income 2028 Term Trust ETX
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was $8.47 Mil.
Cash Flow from Operations was $8.47 Mil.
Revenue was $8.80 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was (212.709 + 209.596) / 2 = $211.1525 Mil.
Total Assets at the begining of this year (Jan25) was $212.71 Mil.
Long-Term Debt & Capital Lease Obligation was $6.67 Mil.
Total Assets was $209.60 Mil.
Total Liabilities was $8.33 Mil.
Net Income was $6.64 Mil.

Revenue was $6.94 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was (239.256 + 212.709) / 2 = $225.9825 Mil.
Total Assets at the begining of last year (Jan24) was $239.26 Mil.
Long-Term Debt & Capital Lease Obligation was $6.67 Mil.
Total Assets was $212.71 Mil.
Total Liabilities was $9.83 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Eaton Vance Municipalome 2028 Term Trust's current Net Income (TTM) was 8.47. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Eaton Vance Municipalome 2028 Term Trust's current Cash Flow from Operations (TTM) was 8.47. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jan25)
=8.466/212.709
=0.03980085

ROA (Last Year)=Net Income/Total Assets (Jan24)
=6.635/239.256
=0.0277318

Eaton Vance Municipalome 2028 Term Trust's return on assets of this year was 0.03980085. Eaton Vance Municipalome 2028 Term Trust's return on assets of last year was 0.0277318. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Eaton Vance Municipalome 2028 Term Trust's current Net Income (TTM) was 8.47. Eaton Vance Municipalome 2028 Term Trust's current Cash Flow from Operations (TTM) was 8.47. ==> 8.47 <= 8.47 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=6.67/211.1525
=0.03158854

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=6.67/225.9825
=0.02951556

Eaton Vance Municipalome 2028 Term Trust's gearing of this year was 0.03158854. Eaton Vance Municipalome 2028 Term Trust's gearing of last year was 0.02951556. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jan26)=Total Assets/Total Liabilities
=209.596/8.334
=25.14950804

Current Ratio (Last Year: Jan25)=Total Assets/Total Liabilities
=212.709/9.834
=21.62995729

Eaton Vance Municipalome 2028 Term Trust's current ratio of this year was 25.14950804. Eaton Vance Municipalome 2028 Term Trust's current ratio of last year was 21.62995729. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Eaton Vance Municipalome 2028 Term Trust's number of shares in issue this year was 10.854. Eaton Vance Municipalome 2028 Term Trust's number of shares in issue last year was 10.877. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=8.466/8.797
=0.96237354

Net Margin (Last Year: TTM)=Net Income/Revenue
=6.635/6.94
=0.95605187

Eaton Vance Municipalome 2028 Term Trust's net margin of this year was 0.96237354. Eaton Vance Municipalome 2028 Term Trust's net margin of last year was 0.95605187. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jan25)
=8.797/212.709
=0.04135697

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=6.94/239.256
=0.02900659

Eaton Vance Municipalome 2028 Term Trust's asset turnover of this year was 0.04135697. Eaton Vance Municipalome 2028 Term Trust's asset turnover of last year was 0.02900659. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+0+1+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Eaton Vance Municipalome 2028 Term Trust has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Eaton Vance Municipalome 2028 Term Trust (ETX) has a Piotroski F-Score of 7 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eaton Vance Municipalome 2028 Term Trust and its competitors. This is near median its historical median of 7.00. Over the past decade, Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Eaton Vance Municipalome 2028 Term Trust ranks #118 out of 1600 companies in the Asset Management industry, placing it in the top 7.4%.
Is Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score too high?
Eaton Vance Municipalome 2028 Term Trust's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Eaton Vance Municipalome 2028 Term Trust's value of 7 is 40% above this industry median. Based on the distribution chart, Eaton Vance Municipalome 2028 Term Trust ranks #118 out of 1600 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Municipalome 2028 Term Trust has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Municipalome 2028 Term Trust's Piotroski F-Score compare to DMB and FT?
According to the Asset Management industry distribution chart, Eaton Vance Municipalome 2028 Term Trust ranks #118 out of 1600 companies for Piotroski F-Score. This places Eaton Vance Municipalome 2028 Term Trust in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Eaton Vance Municipalome 2028 Term Trust's value of 7 is 40% above this benchmark. Historically, Eaton Vance Municipalome 2028 Term Trust's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Eaton Vance Municipalome 2028 Term Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,600 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eaton Vance Municipalome 2028 Term Trust's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eaton Vance Municipalome 2028 Term Trust and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Municipalome 2028 Term Trust's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Municipalome 2028 Term Trust stock overvalued right now?
Eaton Vance Municipalome 2028 Term Trust (ETX) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Asset Management industry median of 5.00. Eaton Vance Municipalome 2028 Term Trust's overall GF Score™ is 34/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Eaton Vance Municipalome 2028 Term Trust (ETX), the current Piotroski F-Score is 7 as of Jul. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Eaton Vance Municipalome 2028 Term Trust Business Description

Address One Post Office Square, Boston, MA, USA, 02109
Eaton Vance Municipal Income 2028 Term Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. It provides investing and wealth management solutions to financial advisors and high-net-worth individuals. The Trust operates as a single reportable segment.
34GF Score

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