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Canoe EITome FundENDTF +36.59%58 Return-on-Tangible-Asset is 11.83% as of Dec. 2025, which is 8% above its 10-year median of 10.97. GuruFocus rates ENDTF with a GF Score™ of 58/100 and a GF Value™ of $7.39. The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Canoe EITome Fund ranks better than 73.52% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Canoe EITome Fund's annualizedNet Income for the quarter that ended in Dec. 2025 was $282.3 Mil. Canoe EITome Fund's average total tangible assets for the quarter that ended in Dec. 2025 was $2,386.0 Mil. Therefore, Canoe EITome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 11.83%.
The historical rank and industry rank for Canoe EITome Fund's Return-on-Tangible-Asset or its related term are showing as below:
ENDTF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.02 Med: 10.97 Max: 30.38
Current: 11.42
During the past 13 years, Canoe EITome Fund's highest Return-on-Tangible-Asset was 30.38%. The lowest was -5.02%. And the median was 10.97%.
ENDTF's Return-on-Tangible-Asset is ranked better than 73.52% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs ENDTF: 11.42
Canoe EITome Fund (OTCPK:ENDTF) 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.
Canoe EITome Fund Return-on-Tangible-Asset Related Terms
Canoe EITome Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Canoe EITome Fund's Return-on-Tangible-Asset can be seen below:
* 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.
ENDTF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Canoe EITome 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.
Canoe EITome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Canoe EITome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Canoe EITome 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 11.83% mean?
Canoe EITome Fund (ENDTF) has a Return-on-Tangible-Asset of 11.83% 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 Canoe EITome Fund and its competitors. This is near median its historical median of 10.97. According to the industry distribution chart, Canoe EITome Fund ranks #433 out of 1635 companies in the Asset Management industry, placing it in the top 26.5%.
Is Canoe EITome Fund's Return-on-Tangible-Asset too high?
Canoe EITome Fund's current Return-on-Tangible-Asset of 11.83% is near median its 10-year median of 10.97. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Canoe EITome Fund's value of 11.83% is 179.7% above this industry median. Based on the distribution chart, Canoe EITome Fund ranks #433 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Canoe EITome Fund has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Canoe EITome Fund's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Canoe EITome Fund ranks #433 out of 1635 companies for Return-on-Tangible-Asset. This puts Canoe EITome Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Canoe EITome Fund's value of 11.83% is 179.7% above this benchmark. While the company's 10-year median is 10.97 vs. the industry median of 4.23, Canoe EITome 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 1,635 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. Canoe EITome Fund's current Return-on-Tangible-Asset of 11.83% is 179.7% 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 Canoe EITome 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. Canoe EITome Fund's current Return-on-Tangible-Asset is 11.83%, which is near median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoe EITome Fund stock overvalued right now?
Canoe EITome Fund (ENDTF) has a current Return-on-Tangible-Asset of 11.83%. The stock's GF Value™ is $7.39, compared to a current price of $9.10 — trading 23.1% above its estimated fair value. The current Return-on-Tangible-Asset is 11.83%, which is near median its 10-year median of 10.97 and 179.7% above the Asset Management industry median of 4.23. Canoe EITome Fund's overall GF Score™ is 58/100 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 Canoe EITome Fund (ENDTF), the current Return-on-Tangible-Asset is 11.83% 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 Canoe EITome Fund (ENDTF) Overvalued in 2026?
Based on GuruFocus' analysis, Canoe EITome Fund stock appears to be overvalued.
The current stock price of $9.10 is trading 23.1% above its estimated GF Value™ of $7.39.
Key valuation signals for ENDTF:
Return-on-Tangible-Asset: 11.83% (near median its 10-year median of 10.97)
GF Value™: $7.39 vs. price of $9.10 (23.1% above fair value)
Industry Position: 179.7% above the Asset Management median (#433 of 1635)
No single metric tells the full story. See the ENDTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canoe EIT Income Fund is a Canadian closed-end investment trust. Its investment objective is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio of high quality securities. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.
58GF 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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