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The historical rank and industry rank for Calamos L/S Equity & Dynamic Trust's Return-on-Tangible-Asset or its related term are showing as below:
CPZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.67 Med: 2.03 Max: 16.81
Current: 0.22
During the past 6 years, Calamos L/S Equity & Dynamic Trust's highest Return-on-Tangible-Asset was 16.81%. The lowest was -5.67%. And the median was 2.03%.
CPZ's Return-on-Tangible-Asset is ranked worse than 72.99% of 1629
companies
in the Asset Management industry
Industry Median: 4.62
vs CPZ: 0.22
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 L/S Equity & Dynamic Trust Return-on-Tangible-Asset Related Terms
Calamos L/S Equity & Dynamic 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.
CPZ vs NHS, JRS, NUW: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Calamos L/S Equity & Dynamic 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.
Calamos L/S Equity & Dynamic Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calamos L/S Equity & Dynamic Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Calamos L/S Equity & Dynamic 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of -3.17% mean?
Calamos L/S Equity & Dynamic Trust (CPZ) has a Return-on-Tangible-Asset of -3.17% 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 L/S Equity & Dynamic Trust and its competitors. According to the industry distribution chart, Calamos L/S Equity & Dynamic Trust ranks #1189 out of 1629 companies in the Asset Management industry, placing it in the top 73%.
Is Calamos L/S Equity & Dynamic Trust's Return-on-Tangible-Asset too high?
Calamos L/S Equity & Dynamic Trust's current Return-on-Tangible-Asset is -3.17%. Based on the distribution chart, Calamos L/S Equity & Dynamic Trust ranks #1189 out of 1629 companies in the Asset Management industry, which is below the industry midpoint. Overall, Calamos L/S Equity & Dynamic Trust has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calamos L/S Equity & Dynamic Trust's Return-on-Tangible-Asset compare to NHS and JRS?
According to the Asset Management industry distribution chart, Calamos L/S Equity & Dynamic Trust ranks #1189 out of 1629 companies for Return-on-Tangible-Asset. This places Calamos L/S Equity & Dynamic Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.62. 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 4.62, based on 1,629 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. 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 L/S Equity & Dynamic Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calamos L/S Equity & Dynamic Trust's current Return-on-Tangible-Asset is -3.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos L/S Equity & Dynamic Trust stock overvalued right now?
Based on GuruFocus' analysis, Calamos L/S Equity & Dynamic Trust (CPZ) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $13.36 — trading 847.5% above its estimated fair value. The current Return-on-Tangible-Asset is -3.17%. Calamos L/S Equity & Dynamic Trust's overall GF Score™ is 32/100 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 Calamos L/S Equity & Dynamic Trust (CPZ), the current Return-on-Tangible-Asset is -3.17% 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 L/S Equity & Dynamic Trust (CPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Calamos L/S Equity & Dynamic Trust stock appears to be overvalued.
The current stock price of $13.36 is trading 847.5% above its estimated GF Value™ of $1.41.
GuruFocus considers Calamos L/S Equity & Dynamic Trust to be Significantly Overvalued.
Key valuation signals for CPZ:
Return-on-Tangible-Asset: -3.17%
GF Value™: $1.41 vs. price of $13.36 (847.5% above fair value)
No single metric tells the full story. See the CPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calamos L/S Equity & Dynamic Inc Trust is a trust company that seeks to provide current income and risk-managed capital appreciation, with an investment objective to deliver total return through a combination of capital appreciation and current income. The Fund invests in securities across sectors such as Industrials, Healthcare, Financials, Consumer Discretionary, and others, and holds securities with a broad range of maturities, with the average term to maturity typically ranging from two to ten years. Managed assets represent the Fund's total assets, including any assets attributable to leverage that may be outstanding, minus total liabilities other than debt representing financial leverage.
32GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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