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Eaton Vance Tax-Managed Buy-Writeome Fund (NYSE:ETB) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Eaton Vance Tax-Managed Buy-Writeome Fund Pretax Margin % Related Terms
Eaton Vance Tax-Managed Buy-Writeome Fund Pretax Margin % Historical Data
* 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 Tax-Managed Buy-Writeome Fund Pretax Margin % Chart
Eaton Vance Tax-Managed Buy-Writeome Fund Annual Data
For the Asset Management subindustry, Eaton Vance Tax-Managed Buy-Writeome Fund's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Tax-Managed Buy-Writeome Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-Managed Buy-Writeome Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-Managed Buy-Writeome Fund's Pretax Margin % falls into.
* 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 Tax-Managed Buy-Writeome Fund (ETB) has a Pretax Margin % of 99.49% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Eaton Vance Tax-Managed Buy-Writeome Fund and its competitors. This is near median its historical median of 99.33. Over the past decade, Eaton Vance Tax-Managed Buy-Writeome Fund's Pretax Margin % has ranged from 97.43 to 101.70. According to the industry distribution chart, Eaton Vance Tax-Managed Buy-Writeome Fund ranks #382 out of 1568 companies in the Asset Management industry, placing it in the top 24.4%.
Is Eaton Vance Tax-Managed Buy-Writeome Fund's Pretax Margin % too high?
Eaton Vance Tax-Managed Buy-Writeome Fund's current Pretax Margin % of 99.49% is near median its 10-year median of 99.33. Over the past 10 years, this metric has ranged from a low of 97.43 to a high of 101.70. The Asset Management industry median Pretax Margin % is 90.37. Eaton Vance Tax-Managed Buy-Writeome Fund's value of 99.49% is 10.1% above this industry median. Based on the distribution chart, Eaton Vance Tax-Managed Buy-Writeome Fund ranks #382 out of 1568 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax-Managed Buy-Writeome Fund has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-Managed Buy-Writeome Fund's Pretax Margin % compare to FFA and KIO?
According to the Asset Management industry distribution chart, Eaton Vance Tax-Managed Buy-Writeome Fund ranks #382 out of 1568 companies for Pretax Margin %. This places Eaton Vance Tax-Managed Buy-Writeome Fund in the top 24% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 90.37. Eaton Vance Tax-Managed Buy-Writeome Fund's value of 99.49% is 10.1% above this benchmark. Historically, Eaton Vance Tax-Managed Buy-Writeome Fund's own Pretax Margin % has ranged from 97.43 to 101.70 over the past decade. While the company's 10-year median is 99.33 vs. the industry median of 90.37, Eaton Vance Tax-Managed Buy-Writeome Fund 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 90.37, based on 1,568 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eaton Vance Tax-Managed Buy-Writeome Fund's current Pretax Margin % of 99.49% is 10.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Eaton Vance Tax-Managed Buy-Writeome Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Tax-Managed Buy-Writeome Fund's current Pretax Margin % is 99.49%, which is near median its own 10-year median of 99.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Tax-Managed Buy-Writeome Fund stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Writeome Fund (ETB) is currently considered Fairly Valued. The stock's GF Value™ is $14.38, compared to a current price of $15.60 — trading 8.5% above its estimated fair value. The current Pretax Margin % is 99.49%, which is near median its 10-year median of 99.33 and 10.1% above the Asset Management industry median of 90.37. Eaton Vance Tax-Managed Buy-Writeome Fund's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Eaton Vance Tax-Managed Buy-Writeome Fund (ETB), the current Pretax Margin % is 99.49% as of Dec. 2025. 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.
Is Eaton Vance Tax-Managed Buy-Writeome Fund (ETB) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Writeome Fund stock appears to be overvalued.
The current stock price of $15.60 is trading 8.5% above its estimated GF Value™ of $14.38.
GuruFocus considers Eaton Vance Tax-Managed Buy-Writeome Fund to be Fairly Valued.
Key valuation signals for ETB:
Pretax Margin %: 99.49% (near median its 10-year median of 99.33)
GF Value™: $14.38 vs. price of $15.60 (8.5% above fair value)
Industry Position: 10.1% above the Asset Management median (#382 of 1568)
No single metric tells the full story. See the ETB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-Managed Buy-Write Income Fund is a United States-based diversified closed ended management investment company. The fund's investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of aerospace and defense, banks, biotechnology, chemicals, consumer finance, industrial conglomerates, and others.
56GF Score
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