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Eaton Vance Tax Advgd Gbl Div FdETG -0.48%50 Return-on-Tangible-Asset is 15.13% as of Apr. 2026, which is 62% above its 10-year median of 9.32. GuruFocus rates ETG with a GF Score™ of 50/100 and a GF Value™ of $39.82 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Eaton Vance Tax Advgd Gbl Div Fd ranks better than 90.52% on this metric.
The historical rank and industry rank for Eaton Vance Tax Advgd Gbl Div Fd's Return-on-Tangible-Asset or its related term are showing as below:
ETG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.82 Med: 9.32 Max: 31.93
Current: 23.43
During the past 9 years, Eaton Vance Tax Advgd Gbl Div Fd's highest Return-on-Tangible-Asset was 31.93%. The lowest was -20.82%. And the median was 9.32%.
ETG's Return-on-Tangible-Asset is ranked better than 90.52% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs ETG: 23.43
Eaton Vance Tax Advgd Gbl Div Fd (NYSE:ETG) 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 Tax Advgd Gbl Div Fd Return-on-Tangible-Asset Related Terms
Eaton Vance Tax Advgd Gbl Div Fd 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 Tax Advgd Gbl Div Fd Return-on-Tangible-Asset Chart
ETG vs GAB, PAX, USA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Eaton Vance Tax Advgd Gbl Div Fd'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 Tax Advgd Gbl Div Fd Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax Advgd Gbl Div Fd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax Advgd Gbl Div Fd'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 15.13% mean?
Eaton Vance Tax Advgd Gbl Div Fd (ETG) has a Return-on-Tangible-Asset of 15.13% 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 Eaton Vance Tax Advgd Gbl Div Fd and its competitors. This is 62% above median its historical median of 9.32. According to the industry distribution chart, Eaton Vance Tax Advgd Gbl Div Fd ranks #155 out of 1635 companies in the Asset Management industry, placing it in the top 9.5%.
Is Eaton Vance Tax Advgd Gbl Div Fd's Return-on-Tangible-Asset too high?
Eaton Vance Tax Advgd Gbl Div Fd's current Return-on-Tangible-Asset of 15.13% is 62% above median its 10-year median of 9.32. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Eaton Vance Tax Advgd Gbl Div Fd's value of 15.13% is 257.7% above this industry median. Based on the distribution chart, Eaton Vance Tax Advgd Gbl Div Fd ranks #155 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax Advgd Gbl Div Fd has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax Advgd Gbl Div Fd's Return-on-Tangible-Asset compare to GAB and PAX?
According to the Asset Management industry distribution chart, Eaton Vance Tax Advgd Gbl Div Fd ranks #155 out of 1635 companies for Return-on-Tangible-Asset. This places Eaton Vance Tax Advgd Gbl Div Fd in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Eaton Vance Tax Advgd Gbl Div Fd's value of 15.13% is 257.7% above this benchmark. While the company's 10-year median is 9.32 vs. the industry median of 4.23, Eaton Vance Tax Advgd Gbl Div Fd 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. Eaton Vance Tax Advgd Gbl Div Fd's current Return-on-Tangible-Asset of 15.13% is 257.7% 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 Eaton Vance Tax Advgd Gbl Div Fd 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. Eaton Vance Tax Advgd Gbl Div Fd's current Return-on-Tangible-Asset is 15.13%, which is 62% above median its own 10-year median of 9.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Tax Advgd Gbl Div Fd stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax Advgd Gbl Div Fd (ETG) is currently considered Possible Value Trap. The stock's GF Value™ is $39.82, compared to a current price of $23.02 — trading 42.2% below its estimated fair value. The current Return-on-Tangible-Asset is 15.13%, which is 62% above median its 10-year median of 9.32 and 257.7% above the Asset Management industry median of 4.23. Eaton Vance Tax Advgd Gbl Div Fd's overall GF Score™ is 50/100 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 Eaton Vance Tax Advgd Gbl Div Fd (ETG), the current Return-on-Tangible-Asset is 15.13% 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 Eaton Vance Tax Advgd Gbl Div Fd (ETG) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax Advgd Gbl Div Fd stock appears to be undervalued.
The current stock price of $23.02 is trading 42.2% below its estimated GF Value™ of $39.82.
GuruFocus considers Eaton Vance Tax Advgd Gbl Div Fd to be Possible Value Trap.
Key valuation signals for ETG:
Return-on-Tangible-Asset: 15.13% (62% above median its 10-year median of 9.32)
GF Value™: $39.82 vs. price of $23.02 (42.2% below fair value)
Industry Position: 257.7% above the Asset Management median (#155 of 1635)
No single metric tells the full story. See the ETG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax Advgd Gbl Div Fd Business Description
Eaton Vance Tax Advgd Gbl Div Inc Fd is a diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return consisting of tax-advantaged dividend income and capital appreciation. The fund pursues its objective by investing in dividend-paying common and preferred stocks. Its portfolio of investments consists of aerospace and defense, capital markets, diversified telecommunication services, electrical equipment, biotechnology, banks, and other areas.
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