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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.
ETJ's Return-on-Tangible-Asset is ranked better than 64.65% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs ETJ: 7.59
Eaton Vance Risk-Managed Diversified Equityome Fund (NYSE:ETJ) 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 Risk-Managed Diversified Equityome Fund Return-on-Tangible-Asset Related Terms
Eaton Vance Risk-Managed Diversified Equityome 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.
Eaton Vance Risk-Managed Diversified Equityome Fund Return-on-Tangible-Asset Chart
Eaton Vance Risk-Managed Diversified Equityome Fund Annual Data
ETJ vs BME, VKQ, MUA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Eaton Vance Risk-Managed Diversified Equityome 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.
Eaton Vance Risk-Managed Diversified Equityome Fund Return-on-Tangible-Asset vs Asset Management Industry
* 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 8.46% mean?
Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ) has a Return-on-Tangible-Asset of 8.46% 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 Eaton Vance Risk-Managed Diversified Equityome Fund and its competitors. This is 27% below median its historical median of 11.53. According to the industry distribution chart, Eaton Vance Risk-Managed Diversified Equityome Fund ranks #578 out of 1635 companies in the Asset Management industry, placing it in the top 35.4%.
Is Eaton Vance Risk-Managed Diversified Equityome Fund's Return-on-Tangible-Asset too high?
Eaton Vance Risk-Managed Diversified Equityome Fund's current Return-on-Tangible-Asset of 8.46% is 27% below median its 10-year median of 11.53. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Eaton Vance Risk-Managed Diversified Equityome Fund's value of 8.46% is 100% above this industry median. Based on the distribution chart, Eaton Vance Risk-Managed Diversified Equityome Fund ranks #578 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Eaton Vance Risk-Managed Diversified Equityome Fund has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Risk-Managed Diversified Equityome Fund's Return-on-Tangible-Asset compare to BME and VKQ?
According to the Asset Management industry distribution chart, Eaton Vance Risk-Managed Diversified Equityome Fund ranks #578 out of 1635 companies for Return-on-Tangible-Asset. This puts Eaton Vance Risk-Managed Diversified Equityome Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. Eaton Vance Risk-Managed Diversified Equityome Fund's value of 8.46% is 100% above this benchmark. While the company's 10-year median is 11.53 vs. the industry median of 4.23, Eaton Vance Risk-Managed Diversified Equityome 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. Eaton Vance Risk-Managed Diversified Equityome Fund's current Return-on-Tangible-Asset of 8.46% is 100% 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 Risk-Managed Diversified Equityome 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. Eaton Vance Risk-Managed Diversified Equityome Fund's current Return-on-Tangible-Asset is 8.46%, which is 27% below median its own 10-year median of 11.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Risk-Managed Diversified Equityome Fund stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.26, compared to a current price of $8.47 — trading 61% above its estimated fair value. The current Return-on-Tangible-Asset is 8.46%, which is 27% below median its 10-year median of 11.53 and 100% above the Asset Management industry median of 4.23. Eaton Vance Risk-Managed Diversified Equityome Fund's overall GF Score™ is 48/100 with 5 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 Risk-Managed Diversified Equityome Fund (ETJ), the current Return-on-Tangible-Asset is 8.46% 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 Eaton Vance Risk-Managed Diversified Equityome Fund (ETJ) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Risk-Managed Diversified Equityome Fund stock appears to be overvalued.
The current stock price of $8.47 is trading 61% above its estimated GF Value™ of $5.26.
GuruFocus considers Eaton Vance Risk-Managed Diversified Equityome Fund to be Significantly Overvalued.
Key valuation signals for ETJ:
Return-on-Tangible-Asset: 8.46% (27% below median its 10-year median of 11.53)
GF Value™: $5.26 vs. price of $8.47 (61% above fair value)
Industry Position: 100% above the Asset Management median (#578 of 1635)
No single metric tells the full story. See the ETJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Risk-Managed Diversified Equityome Fund Business Description
Eaton Vance Risk-Managed Diversified Equity Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The group invests in various sectors such as financials, healthcare, consumer discretionary, consumer staples, industrials, energy, utilities, telecommunication services, and materials. Under normal market conditions, the Fund's investment program consists of majorly owning a diversified portfolio of common stocks and employing a variety of options strategies.
48GF 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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