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Eaton Vance Municipalome 2028 Term TrustETX -0.93%32 Return-on-Tangible-Asset is 4.94% as of Jan. 2026, which is 80% above its 10-year median of 2.74. GuruFocus rates ETX with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,635 Asset Management companies, Eaton Vance Municipalome 2028 Term Trust ranks worse than 52.48% on this metric.
ETX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.51 Med: 2.74 Max: 6.91
Current: 4.02
During the past 9 years, Eaton Vance Municipalome 2028 Term Trust's highest Return-on-Tangible-Asset was 6.91%. The lowest was -2.51%. And the median was 2.74%.
ETX's Return-on-Tangible-Asset is ranked worse than 52.48% of 1635
companies
in the Asset Management industry
Industry Median: 4.55
vs ETX: 4.02
Eaton Vance Municipalome 2028 Term Trust (NYSE:ETX) 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 Municipalome 2028 Term Trust Return-on-Tangible-Asset Related Terms
Eaton Vance Municipalome 2028 Term 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.
Eaton Vance Municipalome 2028 Term Trust Return-on-Tangible-Asset Chart
Eaton Vance Municipalome 2028 Term Trust Annual Data
ETX vs FT, SCM, IDE: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Eaton Vance Municipalome 2028 Term 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.
Eaton Vance Municipalome 2028 Term Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Municipalome 2028 Term Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Eaton Vance Municipalome 2028 Term 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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.94% mean?
Eaton Vance Municipalome 2028 Term Trust (ETX) has a Return-on-Tangible-Asset of 4.94% as of Jan. 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 Municipalome 2028 Term Trust and its competitors. This is 80% above median its historical median of 2.74. According to the industry distribution chart, Eaton Vance Municipalome 2028 Term Trust ranks #858 out of 1635 companies in the Asset Management industry, placing it in the top 52.5%.
Is Eaton Vance Municipalome 2028 Term Trust's Return-on-Tangible-Asset too high?
Eaton Vance Municipalome 2028 Term Trust's current Return-on-Tangible-Asset of 4.94% is 80% above median its 10-year median of 2.74. The Asset Management industry median Return-on-Tangible-Asset is 4.55. Eaton Vance Municipalome 2028 Term Trust's value of 4.94% is 8.6% above this industry median. Based on the distribution chart, Eaton Vance Municipalome 2028 Term Trust ranks #858 out of 1635 companies in the Asset Management industry, which is below the industry midpoint. Overall, Eaton Vance Municipalome 2028 Term Trust has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Municipalome 2028 Term Trust's Return-on-Tangible-Asset compare to FT and SCM?
According to the Asset Management industry distribution chart, Eaton Vance Municipalome 2028 Term Trust ranks #858 out of 1635 companies for Return-on-Tangible-Asset. This places Eaton Vance Municipalome 2028 Term Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.55. Eaton Vance Municipalome 2028 Term Trust's value of 4.94% is 8.6% above this benchmark. While the company's 10-year median is 2.74 vs. the industry median of 4.55, Eaton Vance Municipalome 2028 Term Trust 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 4.55, 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 Municipalome 2028 Term Trust's current Return-on-Tangible-Asset of 4.94% is 8.6% 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 Municipalome 2028 Term Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Municipalome 2028 Term Trust's current Return-on-Tangible-Asset is 4.94%, which is 80% above median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Municipalome 2028 Term Trust stock overvalued right now?
Eaton Vance Municipalome 2028 Term Trust (ETX) has a current Return-on-Tangible-Asset of 4.94%. The current Return-on-Tangible-Asset is 4.94%, which is 80% above median its 10-year median of 2.74 and 8.6% above the Asset Management industry median of 4.55. Eaton Vance Municipalome 2028 Term Trust's overall GF Score™ is 32/100 with 1 warning sign 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 Municipalome 2028 Term Trust (ETX), the current Return-on-Tangible-Asset is 4.94% as of Jan. 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.
Eaton Vance Municipal Income 2028 Term Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. It provides investing and wealth management solutions to financial advisors and high-net-worth individuals. The Trust operates as a single reportable segment.
32GF Score
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