FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUNDFTHY -0.07%28 Return-on-Tangible-Asset is 6.67% as of Nov. 2025, which is 6% above its 10-year median of 6.31. GuruFocus rates FTHY with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks better than 53.82% on this metric.
FTHY's Return-on-Tangible-Asset is ranked better than 53.82% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs FTHY: 5.07
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (NYSE:FTHY) 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Return-on-Tangible-Asset Related Terms
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Return-on-Tangible-Asset Chart
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Annual Data
Trend
May21
May22
May23
May24
May25
Return-on-Tangible-Asset
7.33
-7.17
-2.41
7.70
6.31
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Semi-Annual Data
FTHY vs BGB, PML, EIM: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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 (Nov. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.67% mean?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY) has a Return-on-Tangible-Asset of 6.67% as of Nov. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND and its competitors. This is near median its historical median of 6.31. According to the industry distribution chart, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks #755 out of 1635 companies in the Asset Management industry, placing it in the top 46.2%.
Is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Return-on-Tangible-Asset too high?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Return-on-Tangible-Asset of 6.67% is near median its 10-year median of 6.31. The Asset Management industry median Return-on-Tangible-Asset is 4.23. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's value of 6.67% is 57.7% above this industry median. Based on the distribution chart, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks #755 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Return-on-Tangible-Asset compare to BGB and PML?
According to the Asset Management industry distribution chart, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks #755 out of 1635 companies for Return-on-Tangible-Asset. This puts FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's value of 6.67% is 57.7% above this benchmark. While the company's 10-year median is 6.31 vs. the industry median of 4.23, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Return-on-Tangible-Asset of 6.67% is 57.7% 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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Return-on-Tangible-Asset is 6.67%, which is near median its own 10-year median of 6.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND stock overvalued right now?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY) has a current Return-on-Tangible-Asset of 6.67%. The current Return-on-Tangible-Asset is 6.67%, which is near median its 10-year median of 6.31 and 57.7% above the Asset Management industry median of 4.23. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's overall GF Score™ is 28/100 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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY), the current Return-on-Tangible-Asset is 6.67% as of Nov. 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Business Description
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND is a diversified, closed-end management investment company. The investment objective of the fund is to provide current income. The fund invests a majority of its managed assets in high-yield debt securities of any maturity that are rated below investment grade at the time of purchase or unrated securities. Its investment portfolio comprises corporate bonds and notes, senior floating-rate loan interests, foreign corporate bonds and notes, money market funds, and other instruments across various industries.
28GF Score
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