Eaton Vance CA Muniome TrustCEV -0.97%30 Return-on-Tangible-Asset is 10.61% as of Nov. 2025, which is 374% above its 10-year median of 2.24. GuruFocus rates CEV with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 1,635 Asset Management companies, Eaton Vance CA Muniome Trust ranks worse than 74.13% on this metric.
The historical rank and industry rank for Eaton Vance CA Muniome Trust's Return-on-Tangible-Asset or its related term are showing as below:
CEV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.11 Med: 2.24 Max: 7.77
Current: 0.01
During the past 13 years, Eaton Vance CA Muniome Trust's highest Return-on-Tangible-Asset was 7.77%. The lowest was -12.11%. And the median was 2.24%.
CEV's Return-on-Tangible-Asset is ranked worse than 74.13% of 1635
companies
in the Asset Management industry
Industry Median: 4.14
vs CEV: 0.01
Eaton Vance CA Muniome Trust (AMEX:CEV) 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.
Eaton Vance CA Muniome Trust Return-on-Tangible-Asset Related Terms
Eaton Vance CA Muniome 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.
Eaton Vance CA Muniome Trust Return-on-Tangible-Asset Chart
CEV vs EEA, NMS, OCCI: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Eaton Vance CA Muniome 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.
Eaton Vance CA Muniome Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance CA Muniome Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Eaton Vance CA Muniome Trust's Return-on-Tangible-Asset 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.
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 (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 10.61% mean?
Eaton Vance CA Muniome Trust (CEV) has a Return-on-Tangible-Asset of 10.61% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Eaton Vance CA Muniome Trust and its competitors. This is 374% above median its historical median of 2.24. According to the industry distribution chart, Eaton Vance CA Muniome Trust ranks #1212 out of 1635 companies in the Asset Management industry, placing it in the top 74.1%.
Is Eaton Vance CA Muniome Trust's Return-on-Tangible-Asset too high?
Eaton Vance CA Muniome Trust's current Return-on-Tangible-Asset of 10.61% is 374% above median its 10-year median of 2.24. The Asset Management industry median Return-on-Tangible-Asset is 4.14. Eaton Vance CA Muniome Trust's value of 10.61% is 156.3% above this industry median. Based on the distribution chart, Eaton Vance CA Muniome Trust ranks #1212 out of 1635 companies in the Asset Management industry, which is below the industry midpoint. Overall, Eaton Vance CA Muniome Trust has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance CA Muniome Trust's Return-on-Tangible-Asset compare to EEA and NMS?
According to the Asset Management industry distribution chart, Eaton Vance CA Muniome Trust ranks #1212 out of 1635 companies for Return-on-Tangible-Asset. This places Eaton Vance CA Muniome Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.14. Eaton Vance CA Muniome Trust's value of 10.61% is 156.3% above this benchmark. While the company's 10-year median is 2.24 vs. the industry median of 4.14, Eaton Vance CA Muniome 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 4.14, 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. Eaton Vance CA Muniome Trust's current Return-on-Tangible-Asset of 10.61% is 156.3% 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 Eaton Vance CA Muniome Trust 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. Eaton Vance CA Muniome Trust's current Return-on-Tangible-Asset is 10.61%, which is 374% above median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance CA Muniome Trust stock overvalued right now?
Eaton Vance CA Muniome Trust (CEV) has a current Return-on-Tangible-Asset of 10.61%. The current Return-on-Tangible-Asset is 10.61%, which is 374% above median its 10-year median of 2.24 and 156.3% above the Asset Management industry median of 4.14. Eaton Vance CA Muniome Trust's overall GF Score™ is 30/100 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 Eaton Vance CA Muniome Trust (CEV), the current Return-on-Tangible-Asset is 10.61% as of Nov. 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.
Eaton Vance CA Muni Income Trust is a non-diversified closed-end investment company. The company's investment objective is to provide current income exempt from regular federal income tax and California state personal income taxes. It invests in municipal obligations, issued by the State of California or its political subdivisions, agencies, authorities and instrumentalities and also has some exposure to corporate bonds.
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