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Blackrock Enhanced International Dividend Trust (NYSE:BGY) 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.
Blackrock Enhanced International Dividend Trust Return-on-Tangible-Asset Related Terms
Blackrock Enhanced International Dividend Trust 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.
Blackrock Enhanced International Dividend Trust Return-on-Tangible-Asset Chart
Blackrock Enhanced International Dividend Trust Annual Data
BGY vs WIW, IGD, GAMI: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Blackrock Enhanced International Dividend Trust'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.
Blackrock Enhanced International Dividend Trust 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 8.66% mean?
Blackrock Enhanced International Dividend Trust (BGY) has a Return-on-Tangible-Asset of 8.66% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Blackrock Enhanced International Dividend Trust and its competitors. This is 19% below median its historical median of 10.65. According to the industry distribution chart, Blackrock Enhanced International Dividend Trust ranks #364 out of 1633 companies in the Asset Management industry, placing it in the top 22.3%.
Is Blackrock Enhanced International Dividend Trust's Return-on-Tangible-Asset too high?
Blackrock Enhanced International Dividend Trust's current Return-on-Tangible-Asset of 8.66% is 19% below median its 10-year median of 10.65. The Asset Management industry median Return-on-Tangible-Asset is 4.58. Blackrock Enhanced International Dividend Trust's value of 8.66% is 89.1% above this industry median. Based on the distribution chart, Blackrock Enhanced International Dividend Trust ranks #364 out of 1633 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Blackrock Enhanced International Dividend Trust has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackrock Enhanced International Dividend Trust's Return-on-Tangible-Asset compare to WIW and IGD?
According to the Asset Management industry distribution chart, Blackrock Enhanced International Dividend Trust ranks #364 out of 1633 companies for Return-on-Tangible-Asset. This places Blackrock Enhanced International Dividend Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.58. Blackrock Enhanced International Dividend Trust's value of 8.66% is 89.1% above this benchmark. While the company's 10-year median is 10.65 vs. the industry median of 4.58, Blackrock Enhanced International Dividend 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.58, based on 1,633 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. Blackrock Enhanced International Dividend Trust's current Return-on-Tangible-Asset of 8.66% is 89.1% 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 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 Blackrock Enhanced International Dividend Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Enhanced International Dividend Trust's current Return-on-Tangible-Asset is 8.66%, which is 19% below median its own 10-year median of 10.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Enhanced International Dividend Trust stock overvalued right now?
Based on GuruFocus' analysis, Blackrock Enhanced International Dividend Trust (BGY) is currently considered Significantly Undervalued. The stock's GF Value™ is $10.60, compared to a current price of $5.78 — trading 45.5% below its estimated fair value. The current Return-on-Tangible-Asset is 8.66%, which is 19% below median its 10-year median of 10.65 and 89.1% above the Asset Management industry median of 4.58. Blackrock Enhanced International Dividend Trust's overall GF Score™ is 49/100 with 4 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 Blackrock Enhanced International Dividend Trust (BGY), the current Return-on-Tangible-Asset is 8.66% 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 Blackrock Enhanced International Dividend Trust (BGY) Overvalued in 2026?
Based on GuruFocus' analysis, Blackrock Enhanced International Dividend Trust stock appears to be undervalued.
The current stock price of $5.78 is trading 45.5% below its estimated GF Value™ of $10.60.
GuruFocus considers Blackrock Enhanced International Dividend Trust to be Significantly Undervalued.
Key valuation signals for BGY:
Return-on-Tangible-Asset: 8.66% (19% below median its 10-year median of 10.65)
GF Value™: $10.60 vs. price of $5.78 (45.5% below fair value)
Industry Position: 89.1% above the Asset Management median (#364 of 1633)
No single metric tells the full story. See the BGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blackrock Enhanced International Dividend Trust is a diversified closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary objective of long-term capital appreciation. The Trust invests the majority of its net assets in dividend-paying equity securities issued by non-U.S. companies of any market capitalization, with a key focus on securities of large capitalization companies. It invests directly in such securities or synthetically through the use of derivatives.
49GF Score
Get the complete analysis for BGY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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