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XAI Madison Equity Premiumome FundMCN +0.35%54 Return-on-Tangible-Asset is 7.81% as of Mar. 2026, which is 17% above its 10-year median of 6.68. GuruFocus rates MCN with a GF Score™ of 54/100 and a GF Value™ of $8.13 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,633 Asset Management companies, XAI Madison Equity Premiumome Fund ranks better than 55.73% on this metric.
The historical rank and industry rank for XAI Madison Equity Premiumome Fund's Return-on-Tangible-Asset or its related term are showing as below:
MCN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.17 Med: 6.68 Max: 15.48
Current: 5.82
During the past 7 years, XAI Madison Equity Premiumome Fund's highest Return-on-Tangible-Asset was 15.48%. The lowest was -10.17%. And the median was 6.68%.
MCN's Return-on-Tangible-Asset is ranked better than 55.73% of 1633
companies
in the Asset Management industry
Industry Median: 4.58
vs MCN: 5.82
XAI Madison Equity Premiumome Fund (NYSE:MCN) 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.
XAI Madison Equity Premiumome Fund Return-on-Tangible-Asset Related Terms
XAI Madison Equity Premiumome 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.
XAI Madison Equity Premiumome Fund Return-on-Tangible-Asset Chart
MCN vs NIM, PFO, GLU: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, XAI Madison Equity Premiumome 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.
XAI Madison Equity Premiumome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, XAI Madison Equity Premiumome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where XAI Madison Equity Premiumome 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.81% mean?
XAI Madison Equity Premiumome Fund (MCN) has a Return-on-Tangible-Asset of 7.81% 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 XAI Madison Equity Premiumome Fund and its competitors. This is 17% above median its historical median of 6.68. According to the industry distribution chart, XAI Madison Equity Premiumome Fund ranks #723 out of 1633 companies in the Asset Management industry, placing it in the top 44.3%.
Is XAI Madison Equity Premiumome Fund's Return-on-Tangible-Asset too high?
XAI Madison Equity Premiumome Fund's current Return-on-Tangible-Asset of 7.81% is 17% above median its 10-year median of 6.68. The Asset Management industry median Return-on-Tangible-Asset is 4.58. XAI Madison Equity Premiumome Fund's value of 7.81% is 70.5% above this industry median. Based on the distribution chart, XAI Madison Equity Premiumome Fund ranks #723 out of 1633 companies in the Asset Management industry, which is above the industry midpoint. Overall, XAI Madison Equity Premiumome Fund has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does XAI Madison Equity Premiumome Fund's Return-on-Tangible-Asset compare to NIM and PFO?
According to the Asset Management industry distribution chart, XAI Madison Equity Premiumome Fund ranks #723 out of 1633 companies for Return-on-Tangible-Asset. This puts XAI Madison Equity Premiumome Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.58. XAI Madison Equity Premiumome Fund's value of 7.81% is 70.5% above this benchmark. While the company's 10-year median is 6.68 vs. the industry median of 4.58, XAI Madison Equity Premiumome 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 4.58, based on 1,633 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. XAI Madison Equity Premiumome Fund's current Return-on-Tangible-Asset of 7.81% is 70.5% 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 XAI Madison Equity Premiumome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XAI Madison Equity Premiumome Fund's current Return-on-Tangible-Asset is 7.81%, which is 17% above median its own 10-year median of 6.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XAI Madison Equity Premiumome Fund stock overvalued right now?
Based on GuruFocus' analysis, XAI Madison Equity Premiumome Fund (MCN) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.13, compared to a current price of $5.69 — trading 30% below its estimated fair value. The current Return-on-Tangible-Asset is 7.81%, which is 17% above median its 10-year median of 6.68 and 70.5% above the Asset Management industry median of 4.58. XAI Madison Equity Premiumome Fund's overall GF Score™ is 54/100 with 1 warning sign 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 XAI Madison Equity Premiumome Fund (MCN), the current Return-on-Tangible-Asset is 7.81% 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.
Is XAI Madison Equity Premiumome Fund (MCN) Overvalued in 2026?
Based on GuruFocus' analysis, XAI Madison Equity Premiumome Fund stock appears to be undervalued.
The current stock price of $5.69 is trading 30% below its estimated GF Value™ of $8.13.
GuruFocus considers XAI Madison Equity Premiumome Fund to be Significantly Undervalued.
Key valuation signals for MCN:
Return-on-Tangible-Asset: 7.81% (17% above median its 10-year median of 6.68)
GF Value™: $8.13 vs. price of $5.69 (30% below fair value)
Industry Position: 70.5% above the Asset Management median (#723 of 1633)
No single metric tells the full story. See the MCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XAI Madison Equity Premium Income Fund is an investment management company. The Fund invests in an actively managed equity portfolio comprised of individual stocks and covered call options. The Fund's primary investment objective is to provide high level of current income and gains, with a secondary objective of capital appreciation.
54GF Score
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