Virtus AllianzGI Diversifiedomenvertible FundACV 55 Return-on-Tangible-Asset is 21.42% as of Jan. 2026, which is 54% above its 10-year median of 13.89. GuruFocus rates ACV with a GF Score™ of 55/100 and a GF Value™ of $24.97 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,635 Asset Management companies, Virtus AllianzGI Diversifiedomenvertible Fund ranks better than 79.88% on this metric.
ACV's Return-on-Tangible-Asset is ranked better than 79.88% of 1635
companies
in the Asset Management industry
Industry Median: 4.14
vs ACV: 14.77
Virtus AllianzGI Diversifiedomenvertible Fund (NYSE:ACV) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Virtus AllianzGI Diversifiedomenvertible Fund Return-on-Tangible-Asset Related Terms
Virtus AllianzGI Diversifiedomenvertible Fund Return-on-Tangible-Asset 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.
Virtus AllianzGI Diversifiedomenvertible Fund Return-on-Tangible-Asset Chart
Virtus AllianzGI Diversifiedomenvertible Fund Annual Data
ACV vs EFT, DBL, RMM: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Virtus AllianzGI Diversifiedomenvertible Fund's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Virtus AllianzGI Diversifiedomenvertible Fund Return-on-Tangible-Asset vs Asset Management Industry
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 21.42% mean?
Virtus AllianzGI Diversifiedomenvertible Fund (ACV) has a Return-on-Tangible-Asset of 21.42% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Virtus AllianzGI Diversifiedomenvertible Fund and its competitors. This is 54% above median its historical median of 13.89. According to the industry distribution chart, Virtus AllianzGI Diversifiedomenvertible Fund ranks #329 out of 1635 companies in the Asset Management industry, placing it in the top 20.1%.
Is Virtus AllianzGI Diversifiedomenvertible Fund's Return-on-Tangible-Asset too high?
Virtus AllianzGI Diversifiedomenvertible Fund's current Return-on-Tangible-Asset of 21.42% is 54% above median its 10-year median of 13.89. The Asset Management industry median Return-on-Tangible-Asset is 4.14. Virtus AllianzGI Diversifiedomenvertible Fund's value of 21.42% is 417.4% above this industry median. Based on the distribution chart, Virtus AllianzGI Diversifiedomenvertible Fund ranks #329 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Virtus AllianzGI Diversifiedomenvertible Fund has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Virtus AllianzGI Diversifiedomenvertible Fund's Return-on-Tangible-Asset compare to EFT and DBL?
According to the Asset Management industry distribution chart, Virtus AllianzGI Diversifiedomenvertible Fund ranks #329 out of 1635 companies for Return-on-Tangible-Asset. This places Virtus AllianzGI Diversifiedomenvertible Fund in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.14. Virtus AllianzGI Diversifiedomenvertible Fund's value of 21.42% is 417.4% above this benchmark. While the company's 10-year median is 13.89 vs. the industry median of 4.14, Virtus AllianzGI Diversifiedomenvertible 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.14, based on 1,635 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Virtus AllianzGI Diversifiedomenvertible Fund's current Return-on-Tangible-Asset of 21.42% is 417.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Virtus AllianzGI Diversifiedomenvertible Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virtus AllianzGI Diversifiedomenvertible Fund's current Return-on-Tangible-Asset is 21.42%, which is 54% above median its own 10-year median of 13.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus AllianzGI Diversifiedomenvertible Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus AllianzGI Diversifiedomenvertible Fund (ACV) is currently considered Modestly Overvalued. The stock's GF Value™ is $24.97, compared to a current price of $27.94 — trading 11.9% above its estimated fair value. The current Return-on-Tangible-Asset is 21.42%, which is 54% above median its 10-year median of 13.89 and 417.4% above the Asset Management industry median of 4.14. Virtus AllianzGI Diversifiedomenvertible Fund's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Virtus AllianzGI Diversifiedomenvertible Fund (ACV), the current Return-on-Tangible-Asset is 21.42% as of Jan. 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.
Is Virtus AllianzGI Diversifiedomenvertible Fund (ACV) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus AllianzGI Diversifiedomenvertible Fund stock appears to be overvalued.
The current stock price of $27.94 is trading 11.9% above its estimated GF Value™ of $24.97.
GuruFocus considers Virtus AllianzGI Diversifiedomenvertible Fund to be Modestly Overvalued.
Key valuation signals for ACV:
Return-on-Tangible-Asset: 21.42% (54% above median its 10-year median of 13.89)
GF Value™: $24.97 vs. price of $27.94 (11.9% above fair value)
Industry Position: 417.4% above the Asset Management median (#329 of 1635)
No single metric tells the full story. See the ACV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus AllianzGI Diversifiedomenvertible Fund Business Description
Virtus AllianzGI Diversified Income & Convertible Fund is a diversified, limited-term, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It invests in a diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities, of which a majority of the managed assets are invested in convertibles.
55GF Score
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