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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.
EVG's Return-on-Tangible-Asset is ranked better than 62.77% of 1633
companies
in the Asset Management industry
Industry Median: 4.25
vs EVG: 6.99
Eaton Vance Short Duration Diversifiedome Fund (NYSE:EVG) 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 Short Duration Diversifiedome Fund Return-on-Tangible-Asset Related Terms
Eaton Vance Short Duration Diversifiedome 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 Short Duration Diversifiedome Fund Return-on-Tangible-Asset Chart
Eaton Vance Short Duration Diversifiedome Fund Annual Data
EVG vs BCV, MPA, WHF: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Eaton Vance Short Duration Diversifiedome 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 Short Duration Diversifiedome 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.96% mean?
Eaton Vance Short Duration Diversifiedome Fund (EVG) has a Return-on-Tangible-Asset of 3.96% 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 Short Duration Diversifiedome Fund and its competitors. This is 36% below median its historical median of 6.16. According to the industry distribution chart, Eaton Vance Short Duration Diversifiedome Fund ranks #608 out of 1633 companies in the Asset Management industry, placing it in the top 37.2%.
Is Eaton Vance Short Duration Diversifiedome Fund's Return-on-Tangible-Asset too high?
Eaton Vance Short Duration Diversifiedome Fund's current Return-on-Tangible-Asset of 3.96% is 36% below median its 10-year median of 6.16. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Eaton Vance Short Duration Diversifiedome Fund's value of 3.96% is 6.8% below this industry median. Based on the distribution chart, Eaton Vance Short Duration Diversifiedome Fund ranks #608 out of 1633 companies in the Asset Management industry, which is above the industry midpoint. Overall, Eaton Vance Short Duration Diversifiedome Fund has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Short Duration Diversifiedome Fund's Return-on-Tangible-Asset compare to BCV and MPA?
According to the Asset Management industry distribution chart, Eaton Vance Short Duration Diversifiedome Fund ranks #608 out of 1633 companies for Return-on-Tangible-Asset. This puts Eaton Vance Short Duration Diversifiedome Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.25. Eaton Vance Short Duration Diversifiedome Fund's value of 3.96% is 6.8% below this benchmark. While the company's 10-year median is 6.16 vs. the industry median of 4.25, Eaton Vance Short Duration Diversifiedome 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 4.25, based on 1,633 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 Short Duration Diversifiedome Fund's current Return-on-Tangible-Asset of 3.96% is 6.8% 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 Eaton Vance Short Duration Diversifiedome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Short Duration Diversifiedome Fund's current Return-on-Tangible-Asset is 3.96%, which is 36% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Short Duration Diversifiedome Fund stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Short Duration Diversifiedome Fund (EVG) is currently considered Fairly Valued. The stock's GF Value™ is $10.13, compared to a current price of $10.82 — trading 6.8% above its estimated fair value. The current Return-on-Tangible-Asset is 3.96%, which is 36% below median its 10-year median of 6.16 and 6.8% below the Asset Management industry median of 4.25. Eaton Vance Short Duration Diversifiedome Fund's overall GF Score™ is 50/100 with 7 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 Short Duration Diversifiedome Fund (EVG), the current Return-on-Tangible-Asset is 3.96% 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 Short Duration Diversifiedome Fund (EVG) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Short Duration Diversifiedome Fund stock appears to be overvalued.
The current stock price of $10.82 is trading 6.8% above its estimated GF Value™ of $10.13.
GuruFocus considers Eaton Vance Short Duration Diversifiedome Fund to be Fairly Valued.
Key valuation signals for EVG:
Return-on-Tangible-Asset: 3.96% (36% below median its 10-year median of 6.16)
GF Value™: $10.13 vs. price of $10.82 (6.8% above fair value)
Industry Position: 6.8% below the Asset Management median (#608 of 1633)
No single metric tells the full story. See the EVG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Short Duration Diversifiedome Fund Business Description
Eaton Vance Short Duration Diversified Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to provide a high level of current income with a secondary objective of seeking capital appreciation to the extent consistent with its primary goal. The portfolio of investments consists of business equipment and services, automotive, cable and satellite television, chemicals and plastics, food products, and other areas.
50GF 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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