BNY Mellon Strategic Municipals,LEO +0.16%30 Return-on-Tangible-Asset is 1.61% as of Mar. 2026, which is 104% above its 10-year median of 0.79. GuruFocus rates LEO with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,634 Asset Management companies, BNY Mellon Strategic Municipals, ranks worse than 61.81% on this metric.
The historical rank and industry rank for BNY Mellon Strategic Municipals,'s Return-on-Tangible-Asset or its related term are showing as below:
LEO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.99 Med: 0.79 Max: 11.3
Current: 1.94
During the past 9 years, BNY Mellon Strategic Municipals,'s highest Return-on-Tangible-Asset was 11.30%. The lowest was -14.99%. And the median was 0.79%.
LEO's Return-on-Tangible-Asset is ranked worse than 61.81% of 1634
companies
in the Asset Management industry
Industry Median: 4.155
vs LEO: 1.94
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.
BNY Mellon Strategic Municipals, Return-on-Tangible-Asset Related Terms
BNY Mellon Strategic Municipals, 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.
LEO vs SDHY, INV, CCAP: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, BNY Mellon Strategic Municipals,'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.
BNY Mellon Strategic Municipals, Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipals,'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BNY Mellon Strategic Municipals,'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.61% mean?
BNY Mellon Strategic Municipals, (LEO) has a Return-on-Tangible-Asset of 1.61% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BNY Mellon Strategic Municipals, and its competitors. This is 104% above median its historical median of 0.79. According to the industry distribution chart, BNY Mellon Strategic Municipals, ranks #1010 out of 1634 companies in the Asset Management industry, placing it in the top 61.8%.
Is BNY Mellon Strategic Municipals,'s Return-on-Tangible-Asset too high?
BNY Mellon Strategic Municipals,'s current Return-on-Tangible-Asset of 1.61% is 104% above median its 10-year median of 0.79. The Asset Management industry median Return-on-Tangible-Asset is 4.16. BNY Mellon Strategic Municipals,'s value of 1.61% is 61.3% below this industry median. Based on the distribution chart, BNY Mellon Strategic Municipals, ranks #1010 out of 1634 companies in the Asset Management industry, which is below the industry midpoint. Overall, BNY Mellon Strategic Municipals, has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon Strategic Municipals,'s Return-on-Tangible-Asset compare to SDHY and INV?
According to the Asset Management industry distribution chart, BNY Mellon Strategic Municipals, ranks #1010 out of 1634 companies for Return-on-Tangible-Asset. This places BNY Mellon Strategic Municipals, in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.16. BNY Mellon Strategic Municipals,'s value of 1.61% is 61.3% below this benchmark. While the company's 10-year median is 0.79 vs. the industry median of 4.16, BNY Mellon Strategic Municipals, 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 4.16, based on 1,634 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. BNY Mellon Strategic Municipals,'s current Return-on-Tangible-Asset of 1.61% is 61.3% 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 BNY Mellon Strategic Municipals, and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BNY Mellon Strategic Municipals,'s current Return-on-Tangible-Asset is 1.61%, which is 104% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon Strategic Municipals, stock overvalued right now?
BNY Mellon Strategic Municipals, (LEO) has a current Return-on-Tangible-Asset of 1.61%. The current Return-on-Tangible-Asset is 1.61%, which is 104% above median its 10-year median of 0.79 and 61.3% below the Asset Management industry median of 4.16. BNY Mellon Strategic Municipals,'s overall GF Score™ is 30/100 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 BNY Mellon Strategic Municipals, (LEO), the current Return-on-Tangible-Asset is 1.61% as of Mar. 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.
BNY Mellon Strategic Municipals, Business Description
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products include equity and fixed income mutual funds, retail money market funds, government/treasury money market funds, institutional money market funds, and others. The company and its affiliates, as well as others involved in the management, sales, investment activities, business operations, or distribution of the fund, are engaged in businesses and have interests other than those of managing the fund.
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