Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Calamos Global Total Return FundCGO -1.19%46 Return-on-Tangible-Asset is 6.61% as of Apr. 2026, which is 25% below its 10-year median of 8.82. GuruFocus rates CGO with a GF Score™ of 46/100 and a GF Value™ of $27.47 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,637 Asset Management companies, Calamos Global Total Return Fund ranks better than 72.14% on this metric.
The historical rank and industry rank for Calamos Global Total Return Fund's Return-on-Tangible-Asset or its related term are showing as below:
CGO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.1 Med: 8.82 Max: 23.86
Current: 10.88
During the past 9 years, Calamos Global Total Return Fund's highest Return-on-Tangible-Asset was 23.86%. The lowest was -27.10%. And the median was 8.82%.
CGO's Return-on-Tangible-Asset is ranked better than 72.14% of 1637
companies
in the Asset Management industry
Industry Median: 4.23
vs CGO: 10.88
Calamos Global Total Return Fund (NAS:CGO) 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.
Calamos Global Total Return Fund Return-on-Tangible-Asset Related Terms
Calamos Global Total Return 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.
Calamos Global Total Return Fund Return-on-Tangible-Asset Chart
CGO vs JHS, WEA, BWG: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Calamos Global Total Return 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.
Calamos Global Total Return Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calamos Global Total Return Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Calamos Global Total Return Fund'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.61% mean?
Calamos Global Total Return Fund (CGO) has a Return-on-Tangible-Asset of 6.61% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Calamos Global Total Return Fund and its competitors. This is 25% below median its historical median of 8.82. According to the industry distribution chart, Calamos Global Total Return Fund ranks #456 out of 1637 companies in the Asset Management industry, placing it in the top 27.9%.
Is Calamos Global Total Return Fund's Return-on-Tangible-Asset too high?
Calamos Global Total Return Fund's current Return-on-Tangible-Asset of 6.61% is 25% below median its 10-year median of 8.82. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Calamos Global Total Return Fund's value of 6.61% is 56.3% above this industry median. Based on the distribution chart, Calamos Global Total Return Fund ranks #456 out of 1637 companies in the Asset Management industry, which is above the industry midpoint. Overall, Calamos Global Total Return Fund has a GF Score™ of 46/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calamos Global Total Return Fund's Return-on-Tangible-Asset compare to JHS and WEA?
According to the Asset Management industry distribution chart, Calamos Global Total Return Fund ranks #456 out of 1637 companies for Return-on-Tangible-Asset. This puts Calamos Global Total Return Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Calamos Global Total Return Fund's value of 6.61% is 56.3% above this benchmark. While the company's 10-year median is 8.82 vs. the industry median of 4.23, Calamos Global Total Return 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 4.23, based on 1,637 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. Calamos Global Total Return Fund's current Return-on-Tangible-Asset of 6.61% is 56.3% 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 Calamos Global Total Return Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calamos Global Total Return Fund's current Return-on-Tangible-Asset is 6.61%, which is 25% below median its own 10-year median of 8.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos Global Total Return Fund stock overvalued right now?
Based on GuruFocus' analysis, Calamos Global Total Return Fund (CGO) is currently considered Significantly Undervalued. The stock's GF Value™ is $27.47, compared to a current price of $12.41 — trading 54.8% below its estimated fair value. The current Return-on-Tangible-Asset is 6.61%, which is 25% below median its 10-year median of 8.82 and 56.3% above the Asset Management industry median of 4.23. Calamos Global Total Return Fund's overall GF Score™ is 46/100 with 3 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 Calamos Global Total Return Fund (CGO), the current Return-on-Tangible-Asset is 6.61% as of Apr. 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 Calamos Global Total Return Fund (CGO) Overvalued in 2026?
Based on GuruFocus' analysis, Calamos Global Total Return Fund stock appears to be undervalued.
The current stock price of $12.41 is trading 54.8% below its estimated GF Value™ of $27.47.
GuruFocus considers Calamos Global Total Return Fund to be Significantly Undervalued.
Key valuation signals for CGO:
Return-on-Tangible-Asset: 6.61% (25% below median its 10-year median of 8.82)
GF Value™: $27.47 vs. price of $12.41 (54.8% below fair value)
Industry Position: 56.3% above the Asset Management median (#456 of 1637)
No single metric tells the full story. See the CGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calamos Global Total Return Fund Business Description
Calamos Global Total Return Fund is a closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The fund invests in equities, convertible securities, and high-yield corporate bonds.
46GF Score
Get the complete analysis for CGO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CGO has been successfully added to your 
