MSCome FundMSIF -2.04%49 Return-on-Tangible-Asset is 3.79% as of Mar. 2026, which is 22% below its 10-year median of 4.84. GuruFocus rates MSIF with a GF Score™ of 49/100 and a GF Value™ of $16.49 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,632 Asset Management companies, MSCome Fund ranks better than 59.8% 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. MSCome Fund's annualizedNet Income for the quarter that ended in Mar. 2026 was $52.89 Mil. MSCome Fund's average total tangible assets for the quarter that ended in Mar. 2026 was $1,395.48 Mil. Therefore, MSCome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.79%.
The historical rank and industry rank for MSCome Fund's Return-on-Tangible-Asset or its related term are showing as below:
MSIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1 Med: 4.84 Max: 7.25
Current: 6.42
During the past 11 years, MSCome Fund's highest Return-on-Tangible-Asset was 7.25%. The lowest was -1.00%. And the median was 4.84%.
MSIF's Return-on-Tangible-Asset is ranked better than 59.8% of 1632
companies
in the Asset Management industry
Industry Median: 4.095
vs MSIF: 6.42
MSCome Fund (NYSE:MSIF) 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.
MSCome Fund Return-on-Tangible-Asset Related Terms
MSCome Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MSCome Fund'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.
MSIF vs THW, IQI, TWN: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, MSCome 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.
MSCome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, MSCome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MSCome 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.79% mean?
MSCome Fund (MSIF) has a Return-on-Tangible-Asset of 3.79% 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 MSCome Fund and its competitors. This is 22% below median its historical median of 4.84. According to the industry distribution chart, MSCome Fund ranks #656 out of 1632 companies in the Asset Management industry, placing it in the top 40.2%.
Is MSCome Fund's Return-on-Tangible-Asset too high?
MSCome Fund's current Return-on-Tangible-Asset of 3.79% is 22% below median its 10-year median of 4.84. The Asset Management industry median Return-on-Tangible-Asset is 4.10. MSCome Fund's value of 3.79% is 7.4% below this industry median. Based on the distribution chart, MSCome Fund ranks #656 out of 1632 companies in the Asset Management industry, which is above the industry midpoint. Overall, MSCome Fund has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MSCome Fund's Return-on-Tangible-Asset compare to THW and IQI?
According to the Asset Management industry distribution chart, MSCome Fund ranks #656 out of 1632 companies for Return-on-Tangible-Asset. This puts MSCome Fund in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.10. MSCome Fund's value of 3.79% is 7.4% below this benchmark. While the company's 10-year median is 4.84 vs. the industry median of 4.10, MSCome Fund 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 4.10, 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. MSCome Fund's current Return-on-Tangible-Asset of 3.79% is 7.4% 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 MSCome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSCome Fund's current Return-on-Tangible-Asset is 3.79%, which is 22% below median its own 10-year median of 4.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSCome Fund stock overvalued right now?
Based on GuruFocus' analysis, MSCome Fund (MSIF) is currently considered Possible Value Trap. The stock's GF Value™ is $16.49, compared to a current price of $11.52 — trading 30.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.79%, which is 22% below median its 10-year median of 4.84 and 7.4% below the Asset Management industry median of 4.10. MSCome Fund's overall GF Score™ is 49/100 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 MSCome Fund (MSIF), the current Return-on-Tangible-Asset is 3.79% 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 MSCome Fund (MSIF) Overvalued in 2026?
Based on GuruFocus' analysis, MSCome Fund stock appears to be undervalued.
The current stock price of $11.52 is trading 30.1% below its estimated GF Value™ of $16.49.
GuruFocus considers MSCome Fund to be Possible Value Trap.
Key valuation signals for MSIF:
Return-on-Tangible-Asset: 3.79% (22% below median its 10-year median of 4.84)
GF Value™: $16.49 vs. price of $11.52 (30.1% below fair value)
Industry Position: 7.4% below the Asset Management median (#656 of 1632)
No single metric tells the full story. See the MSIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSC Income Fund Inc is a non-diversified closed-end management investment company. The investment objective is to generate current income through debt and equity investments and the secondary objective is to generate long-term capital appreciation through such investments. The company invests in senior secured term loans, second lien loans, and mezzanine debt and selected equity investments issued by lower middle-market and middle-market companies.
49GF Score
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