DTF Tax-Freeome 2028 Term FundDTF +0.17%56 Return-on-Tangible-Asset is 1.69% as of Apr. 2026, which is 24% below its 10-year median of 2.21. GuruFocus rates DTF with a GF Score™ of 56/100 and a GF Value™ of $12.23 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,636 Asset Management companies, DTF Tax-Freeome 2028 Term Fund ranks worse than 55.13% on this metric.
The historical rank and industry rank for DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Asset or its related term are showing as below:
DTF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.95 Med: 2.21 Max: 7.3
Current: 3.33
During the past 9 years, DTF Tax-Freeome 2028 Term Fund's highest Return-on-Tangible-Asset was 7.30%. The lowest was -13.95%. And the median was 2.21%.
DTF's Return-on-Tangible-Asset is ranked worse than 55.13% of 1636
companies
in the Asset Management industry
Industry Median: 4.135
vs DTF: 3.33
DTF Tax-Freeome 2028 Term Fund (NYSE:DTF) 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.
DTF Tax-Freeome 2028 Term Fund Return-on-Tangible-Asset Related Terms
DTF Tax-Freeome 2028 Term 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.
DTF Tax-Freeome 2028 Term Fund Return-on-Tangible-Asset Chart
DTF vs GLV, GDO, HNNA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, DTF Tax-Freeome 2028 Term 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.
DTF Tax-Freeome 2028 Term Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where DTF Tax-Freeome 2028 Term 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 1.69% mean?
DTF Tax-Freeome 2028 Term Fund (DTF) has a Return-on-Tangible-Asset of 1.69% 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 DTF Tax-Freeome 2028 Term Fund and its competitors. This is 24% below median its historical median of 2.21. According to the industry distribution chart, DTF Tax-Freeome 2028 Term Fund ranks #902 out of 1636 companies in the Asset Management industry, placing it in the top 55.1%.
Is DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Asset too high?
DTF Tax-Freeome 2028 Term Fund's current Return-on-Tangible-Asset of 1.69% is 24% below median its 10-year median of 2.21. The Asset Management industry median Return-on-Tangible-Asset is 4.14. DTF Tax-Freeome 2028 Term Fund's value of 1.69% is 59.1% below this industry median. Based on the distribution chart, DTF Tax-Freeome 2028 Term Fund ranks #902 out of 1636 companies in the Asset Management industry, which is below the industry midpoint. Overall, DTF Tax-Freeome 2028 Term Fund has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Asset compare to GLV and GDO?
According to the Asset Management industry distribution chart, DTF Tax-Freeome 2028 Term Fund ranks #902 out of 1636 companies for Return-on-Tangible-Asset. This places DTF Tax-Freeome 2028 Term Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.14. DTF Tax-Freeome 2028 Term Fund's value of 1.69% is 59.1% below this benchmark. While the company's 10-year median is 2.21 vs. the industry median of 4.14, DTF Tax-Freeome 2028 Term Fund has consistently been below 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 1,636 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. DTF Tax-Freeome 2028 Term Fund's current Return-on-Tangible-Asset of 1.69% is 59.1% below 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 DTF Tax-Freeome 2028 Term 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. DTF Tax-Freeome 2028 Term Fund's current Return-on-Tangible-Asset is 1.69%, which is 24% below median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTF Tax-Freeome 2028 Term Fund stock overvalued right now?
Based on GuruFocus' analysis, DTF Tax-Freeome 2028 Term Fund (DTF) is currently considered Fairly Valued. The stock's GF Value™ is $12.23, compared to a current price of $11.52 — trading 5.8% below its estimated fair value. The current Return-on-Tangible-Asset is 1.69%, which is 24% below median its 10-year median of 2.21 and 59.1% below the Asset Management industry median of 4.14. DTF Tax-Freeome 2028 Term Fund's overall GF Score™ is 56/100 with 6 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 DTF Tax-Freeome 2028 Term Fund (DTF), the current Return-on-Tangible-Asset is 1.69% 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 DTF Tax-Freeome 2028 Term Fund (DTF) Overvalued in 2026?
Based on GuruFocus' analysis, DTF Tax-Freeome 2028 Term Fund stock appears to be undervalued.
The current stock price of $11.52 is trading 5.8% below its estimated GF Value™ of $12.23.
GuruFocus considers DTF Tax-Freeome 2028 Term Fund to be Fairly Valued.
Key valuation signals for DTF:
Return-on-Tangible-Asset: 1.69% (24% below median its 10-year median of 2.21)
GF Value™: $12.23 vs. price of $11.52 (5.8% below fair value)
Industry Position: 59.1% below the Asset Management median (#902 of 1636)
No single metric tells the full story. See the DTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DTF Tax-Freeome 2028 Term Fund Business Description
DTF Tax-Free Income 2028 Term Fund Inc is a diversified closed-end management investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It seeks to achieve its investment objective by investing mainly in a diversified portfolio of investment-grade tax-exempt obligations.
56GF 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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