Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
MFS Municipalome TrustMFM -1.65%51 Return-on-Tangible-Asset is 2.24% as of Apr. 2026, which is 45% above its 10-year median of 1.54. GuruFocus rates MFM with a GF Score™ of 51/100 and a GF Value™ of $12.56 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,632 Asset Management companies, MFS Municipalome Trust ranks better than 51.04% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. MFS Municipalome Trust's annualizedNet Income for the quarter that ended in Apr. 2026 was $7.92 Mil. MFS Municipalome Trust's average total tangible assets for the quarter that ended in Apr. 2026 was $353.02 Mil. Therefore, MFS Municipalome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 2.24%.
The historical rank and industry rank for MFS Municipalome Trust's Return-on-Tangible-Asset or its related term are showing as below:
MFM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.87 Med: 1.54 Max: 13.2
Current: 4.82
During the past 9 years, MFS Municipalome Trust's highest Return-on-Tangible-Asset was 13.20%. The lowest was -17.87%. And the median was 1.54%.
MFM's Return-on-Tangible-Asset is ranked better than 51.04% of 1632
companies
in the Asset Management industry
Industry Median: 4.54
vs MFM: 4.82
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.
MFS Municipalome Trust Return-on-Tangible-Asset Related Terms
MFS Municipalome Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MFS Municipalome Trust's Return-on-Tangible-Asset can be seen below:
* 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.
MFM vs SABA, BXSY, RWAY: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, MFS Municipalome Trust'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.
MFS Municipalome Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, MFS Municipalome Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MFS Municipalome Trust'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.24% mean?
MFS Municipalome Trust (MFM) has a Return-on-Tangible-Asset of 2.24% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MFS Municipalome Trust and its competitors. This is 45% above median its historical median of 1.54. According to the industry distribution chart, MFS Municipalome Trust ranks #799 out of 1632 companies in the Asset Management industry, placing it in the top 49%.
Is MFS Municipalome Trust's Return-on-Tangible-Asset too high?
MFS Municipalome Trust's current Return-on-Tangible-Asset of 2.24% is 45% above median its 10-year median of 1.54. The Asset Management industry median Return-on-Tangible-Asset is 4.54. MFS Municipalome Trust's value of 2.24% is 50.7% below this industry median. Based on the distribution chart, MFS Municipalome Trust ranks #799 out of 1632 companies in the Asset Management industry, which is above the industry midpoint. Overall, MFS Municipalome Trust has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MFS Municipalome Trust's Return-on-Tangible-Asset compare to SABA and BXSY?
According to the Asset Management industry distribution chart, MFS Municipalome Trust ranks #799 out of 1632 companies for Return-on-Tangible-Asset. This puts MFS Municipalome Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.54. MFS Municipalome Trust's value of 2.24% is 50.7% below this benchmark. While the company's 10-year median is 1.54 vs. the industry median of 4.54, MFS Municipalome Trust 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 4.54, 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. MFS Municipalome Trust's current Return-on-Tangible-Asset of 2.24% is 50.7% 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 MFS Municipalome Trust 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. MFS Municipalome Trust's current Return-on-Tangible-Asset is 2.24%, which is 45% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFS Municipalome Trust stock overvalued right now?
Based on GuruFocus' analysis, MFS Municipalome Trust (MFM) is currently considered Significantly Undervalued. The stock's GF Value™ is $12.56, compared to a current price of $5.36 — trading 57.3% below its estimated fair value. The current Return-on-Tangible-Asset is 2.24%, which is 45% above median its 10-year median of 1.54 and 50.7% below the Asset Management industry median of 4.54. MFS Municipalome Trust's overall GF Score™ is 51/100 with 5 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 MFS Municipalome Trust (MFM), the current Return-on-Tangible-Asset is 2.24% as of Apr. 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 MFS Municipalome Trust (MFM) Overvalued in 2026?
Based on GuruFocus' analysis, MFS Municipalome Trust stock appears to be undervalued.
The current stock price of $5.36 is trading 57.3% below its estimated GF Value™ of $12.56.
GuruFocus considers MFS Municipalome Trust to be Significantly Undervalued.
Key valuation signals for MFM:
Return-on-Tangible-Asset: 2.24% (45% above median its 10-year median of 1.54)
GF Value™: $12.56 vs. price of $5.36 (57.3% below fair value)
Industry Position: 50.7% below the Asset Management median (#799 of 1632)
No single metric tells the full story. See the MFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MFS Municipal Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but it may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
51GF Score
Get the complete analysis for MFM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MFM has been successfully added to your 
