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PGIM Global High Yield Fund,GHY +0.09%53 Return-on-Tangible-Asset is 8.93% as of Jan. 2026, which is 67% above its 10-year median of 5.36. GuruFocus rates GHY with a GF Score™ of 53/100 and a GF Value™ of $11.48 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,637 Asset Management companies, PGIM Global High Yield Fund, ranks better than 64.87% on this metric.
The historical rank and industry rank for PGIM Global High Yield Fund,'s Return-on-Tangible-Asset or its related term are showing as below:
GHY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.23 Med: 5.36 Max: 11.09
Current: 7.65
During the past 9 years, PGIM Global High Yield Fund,'s highest Return-on-Tangible-Asset was 11.09%. The lowest was -12.23%. And the median was 5.36%.
GHY's Return-on-Tangible-Asset is ranked better than 64.87% of 1637
companies
in the Asset Management industry
Industry Median: 4.23
vs GHY: 7.65
PGIM Global High Yield Fund, (NYSE:GHY) 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.
PGIM Global High Yield Fund, Return-on-Tangible-Asset Related Terms
PGIM Global High Yield 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.
PGIM Global High Yield Fund, Return-on-Tangible-Asset Chart
GHY vs PML, ECC, IFN: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, PGIM Global High Yield 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.
PGIM Global High Yield Fund, Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PGIM Global High Yield Fund,'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PGIM Global High Yield Fund,'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 8.93% mean?
PGIM Global High Yield Fund, (GHY) has a Return-on-Tangible-Asset of 8.93% 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 PGIM Global High Yield Fund, and its competitors. This is 67% above median its historical median of 5.36. According to the industry distribution chart, PGIM Global High Yield Fund, ranks #575 out of 1637 companies in the Asset Management industry, placing it in the top 35.1%.
Is PGIM Global High Yield Fund,'s Return-on-Tangible-Asset too high?
PGIM Global High Yield Fund,'s current Return-on-Tangible-Asset of 8.93% is 67% above median its 10-year median of 5.36. The Asset Management industry median Return-on-Tangible-Asset is 4.23. PGIM Global High Yield Fund,'s value of 8.93% is 111.1% above this industry median. Based on the distribution chart, PGIM Global High Yield Fund, ranks #575 out of 1637 companies in the Asset Management industry, which is above the industry midpoint. Overall, PGIM Global High Yield Fund, has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PGIM Global High Yield Fund,'s Return-on-Tangible-Asset compare to PML and ECC?
According to the Asset Management industry distribution chart, PGIM Global High Yield Fund, ranks #575 out of 1637 companies for Return-on-Tangible-Asset. This puts PGIM Global High Yield Fund, in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. PGIM Global High Yield Fund,'s value of 8.93% is 111.1% above this benchmark. While the company's 10-year median is 5.36 vs. the industry median of 4.23, PGIM Global High Yield 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 1,637 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. PGIM Global High Yield Fund,'s current Return-on-Tangible-Asset of 8.93% is 111.1% 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 PGIM Global High Yield 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. PGIM Global High Yield Fund,'s current Return-on-Tangible-Asset is 8.93%, which is 67% above median its own 10-year median of 5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PGIM Global High Yield Fund, stock overvalued right now?
Based on GuruFocus' analysis, PGIM Global High Yield Fund, (GHY) is currently considered Fairly Valued. The stock's GF Value™ is $11.48, compared to a current price of $11.69 — trading 1.8% above its estimated fair value. The current Return-on-Tangible-Asset is 8.93%, which is 67% above median its 10-year median of 5.36 and 111.1% above the Asset Management industry median of 4.23. PGIM Global High Yield Fund,'s overall GF Score™ is 53/100 with 4 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 PGIM Global High Yield Fund, (GHY), the current Return-on-Tangible-Asset is 8.93% 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.
Is PGIM Global High Yield Fund, (GHY) Overvalued in 2026?
Based on GuruFocus' analysis, PGIM Global High Yield Fund, stock appears to be overvalued.
The current stock price of $11.69 is trading 1.8% above its estimated GF Value™ of $11.48.
GuruFocus considers PGIM Global High Yield Fund, to be Fairly Valued.
Key valuation signals for GHY:
Return-on-Tangible-Asset: 8.93% (67% above median its 10-year median of 5.36)
GF Value™: $11.48 vs. price of $11.69 (1.8% above fair value)
Industry Position: 111.1% above the Asset Management median (#575 of 1637)
No single metric tells the full story. See the GHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PGIM Global High Yield Fund, Inc is a diversified, closed-end management investment company. The fund's investment objective is to provide a high level of current income. The fund seeks to provide a high level of current income by investing in higher-rated, below-investment-grade fixed income instruments of issuers located around the world, including emerging markets.
53GF Score
Get the complete analysis for GHY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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