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Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) 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 Global Equity Dividend and Premium Opportunity Fund Return-on-Tangible-Asset Related Terms
Voya Global Equity Dividend and Premium Opportunity 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 Global Equity Dividend and Premium Opportunity Fund Return-on-Tangible-Asset Chart
Voya Global Equity Dividend and Premium Opportunity Fund Annual Data
* 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 Global Equity Dividend and Premium Opportunity 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 11.60% mean?
Voya Global Equity Dividend and Premium Opportunity Fund (IGD) has a Return-on-Tangible-Asset of 11.60% 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 Global Equity Dividend and Premium Opportunity Fund and its competitors. This is 81% above median its historical median of 6.42. According to the industry distribution chart, Voya Global Equity Dividend and Premium Opportunity Fund ranks #447 out of 1632 companies in the Asset Management industry, placing it in the top 27.4%.
Is Voya Global Equity Dividend and Premium Opportunity Fund's Return-on-Tangible-Asset too high?
Voya Global Equity Dividend and Premium Opportunity Fund's current Return-on-Tangible-Asset of 11.60% is 81% above median its 10-year median of 6.42. The Asset Management industry median Return-on-Tangible-Asset is 4.54. Voya Global Equity Dividend and Premium Opportunity Fund's value of 11.60% is 155.5% above this industry median. Based on the distribution chart, Voya Global Equity Dividend and Premium Opportunity Fund ranks #447 out of 1632 companies in the Asset Management industry, which is above the industry midpoint. Overall, Voya Global Equity Dividend and Premium Opportunity Fund has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Voya Global Equity Dividend and Premium Opportunity Fund's Return-on-Tangible-Asset compare to BGB and WIW?
According to the Asset Management industry distribution chart, Voya Global Equity Dividend and Premium Opportunity Fund ranks #447 out of 1632 companies for Return-on-Tangible-Asset. This puts Voya Global Equity Dividend and Premium Opportunity Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.54. Voya Global Equity Dividend and Premium Opportunity Fund's value of 11.60% is 155.5% above this benchmark. While the company's 10-year median is 6.42 vs. the industry median of 4.54, Voya Global Equity Dividend and Premium Opportunity 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 4.54, based on 1,632 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 Global Equity Dividend and Premium Opportunity Fund's current Return-on-Tangible-Asset of 11.60% is 155.5% 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 Global Equity Dividend and Premium Opportunity Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voya Global Equity Dividend and Premium Opportunity Fund's current Return-on-Tangible-Asset is 11.60%, which is 81% above median its own 10-year median of 6.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Global Equity Dividend and Premium Opportunity Fund stock overvalued right now?
Based on GuruFocus' analysis, Voya Global Equity Dividend and Premium Opportunity Fund (IGD) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.72, compared to a current price of $6.62 — trading 24.1% below its estimated fair value. The current Return-on-Tangible-Asset is 11.60%, which is 81% above median its 10-year median of 6.42 and 155.5% above the Asset Management industry median of 4.54. Voya Global Equity Dividend and Premium Opportunity Fund's overall GF Score™ is 76/100 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 Voya Global Equity Dividend and Premium Opportunity Fund (IGD), the current Return-on-Tangible-Asset is 11.60% 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.
Is Voya Global Equity Dividend and Premium Opportunity Fund (IGD) Overvalued in 2026?
Based on GuruFocus' analysis, Voya Global Equity Dividend and Premium Opportunity Fund stock appears to be undervalued.
The current stock price of $6.62 is trading 24.1% below its estimated GF Value™ of $8.72.
GuruFocus considers Voya Global Equity Dividend and Premium Opportunity Fund to be Modestly Undervalued.
Key valuation signals for IGD:
Return-on-Tangible-Asset: 11.60% (81% above median its 10-year median of 6.42)
GF Value™: $8.72 vs. price of $6.62 (24.1% below fair value)
Industry Position: 155.5% above the Asset Management median (#447 of 1632)
No single metric tells the full story. See the IGD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Voya Global Equity Dividend and Premium Opportunity Fund are a United States-based diversified, closed-end Fund. The primary objective of the Fund is to seek to provide investors with a high level of income from a portfolio of common stocks with historically attractive dividend yields and premiums from call option writing. The secondary investment objective of the company is capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a portfolio of common stocks of dividend-paying companies located throughout the world.
76GF 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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