Voya Infrastructure, Industrials and Materials FundIDE -0.25%30 Return-on-Tangible-Asset is 38.00% as of Feb. 2026, which is 296% above its 10-year median of 9.60. GuruFocus rates IDE with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 1,631 Asset Management companies, Voya Infrastructure, Industrials and Materials Fund ranks better than 94.67% on this metric.
IDE's Return-on-Tangible-Asset is ranked better than 94.67% of 1631
companies
in the Asset Management industry
Industry Median: 4.07
vs IDE: 32.05
Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) 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.
Voya Infrastructure, Industrials and Materials Fund Return-on-Tangible-Asset Related Terms
Voya Infrastructure, Industrials and Materials 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.
Voya Infrastructure, Industrials and Materials Fund Return-on-Tangible-Asset Chart
Voya Infrastructure, Industrials and Materials Fund Annual Data
IDE vs ETX, DMB, FT: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Voya Infrastructure, Industrials and Materials 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.
Voya Infrastructure, Industrials and Materials 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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 38.00% mean?
Voya Infrastructure, Industrials and Materials Fund (IDE) has a Return-on-Tangible-Asset of 38.00% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Voya Infrastructure, Industrials and Materials Fund and its competitors. This is 296% above median its historical median of 9.60. According to the industry distribution chart, Voya Infrastructure, Industrials and Materials Fund ranks #87 out of 1631 companies in the Asset Management industry, placing it in the top 5.3%.
Is Voya Infrastructure, Industrials and Materials Fund's Return-on-Tangible-Asset too high?
Voya Infrastructure, Industrials and Materials Fund's current Return-on-Tangible-Asset of 38.00% is 296% above median its 10-year median of 9.60. The Asset Management industry median Return-on-Tangible-Asset is 4.07. Voya Infrastructure, Industrials and Materials Fund's value of 38.00% is 833.7% above this industry median. Based on the distribution chart, Voya Infrastructure, Industrials and Materials Fund ranks #87 out of 1631 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Voya Infrastructure, Industrials and Materials Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Voya Infrastructure, Industrials and Materials Fund's Return-on-Tangible-Asset compare to ETX and DMB?
According to the Asset Management industry distribution chart, Voya Infrastructure, Industrials and Materials Fund ranks #87 out of 1631 companies for Return-on-Tangible-Asset. This places Voya Infrastructure, Industrials and Materials Fund in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.07. Voya Infrastructure, Industrials and Materials Fund's value of 38.00% is 833.7% above this benchmark. While the company's 10-year median is 9.60 vs. the industry median of 4.07, Voya Infrastructure, Industrials and Materials 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 4.07, based on 1,631 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. Voya Infrastructure, Industrials and Materials Fund's current Return-on-Tangible-Asset of 38.00% is 833.7% 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 Voya Infrastructure, Industrials and Materials Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voya Infrastructure, Industrials and Materials Fund's current Return-on-Tangible-Asset is 38.00%, which is 296% above median its own 10-year median of 9.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Infrastructure, Industrials and Materials Fund stock overvalued right now?
Voya Infrastructure, Industrials and Materials Fund (IDE) has a current Return-on-Tangible-Asset of 38.00%. The current Return-on-Tangible-Asset is 38.00%, which is 296% above median its 10-year median of 9.60 and 833.7% above the Asset Management industry median of 4.07. Voya Infrastructure, Industrials and Materials Fund's overall GF Score™ is 30/100 with 2 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 Voya Infrastructure, Industrials and Materials Fund (IDE), the current Return-on-Tangible-Asset is 38.00% as of Feb. 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.
Voya Infrastructure, Industrials and Materials Fund Business Description
Voya Infrastructure, Industrials and Materials Fund is a diversified closed-end management investment company. The primary objective of this investment fund is to achieve total return by combining current income, capital gains, and capital appreciation. To achieve this objective, the fund invests in companies that own and/or operate infrastructure facilities in the infrastructure sector, as well as in a broad range of companies in the industrials and materials sectors that the Sub-Adviser believes will benefit from infrastructure building, renovation, expansion, and utilization.
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