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BlackRock MuniHoldings California Quality FundMUC -0.41%33 Return-on-Tangible-Asset is 9.56% as of Jan. 2026, which is 1417% above its 10-year median of 0.63. GuruFocus rates MUC with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 1,636 Asset Management companies, BlackRock MuniHoldings California Quality Fund ranks worse than 66.87% on this metric.
MUC's Return-on-Tangible-Asset is ranked worse than 66.87% of 1636
companies
in the Asset Management industry
Industry Median: 4.235
vs MUC: 1.16
BlackRock MuniHoldings California Quality Fund (NYSE:MUC) 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.
BlackRock MuniHoldings California Quality Fund Return-on-Tangible-Asset Related Terms
BlackRock MuniHoldings California Quality 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.
BlackRock MuniHoldings California Quality Fund Return-on-Tangible-Asset Chart
BlackRock MuniHoldings California Quality Fund Annual Data
MUC vs OCSL, CII, BTX: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, BlackRock MuniHoldings California Quality 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.
BlackRock MuniHoldings California Quality 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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.56% mean?
BlackRock MuniHoldings California Quality Fund (MUC) has a Return-on-Tangible-Asset of 9.56% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BlackRock MuniHoldings California Quality Fund and its competitors. This is 1417% above median its historical median of 0.63. According to the industry distribution chart, BlackRock MuniHoldings California Quality Fund ranks #1094 out of 1636 companies in the Asset Management industry, placing it in the top 66.9%.
Is BlackRock MuniHoldings California Quality Fund's Return-on-Tangible-Asset too high?
BlackRock MuniHoldings California Quality Fund's current Return-on-Tangible-Asset of 9.56% is 1417% above median its 10-year median of 0.63. The Asset Management industry median Return-on-Tangible-Asset is 4.24. BlackRock MuniHoldings California Quality Fund's value of 9.56% is 125.7% above this industry median. Based on the distribution chart, BlackRock MuniHoldings California Quality Fund ranks #1094 out of 1636 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock MuniHoldings California Quality Fund has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock MuniHoldings California Quality Fund's Return-on-Tangible-Asset compare to OCSL and CII?
According to the Asset Management industry distribution chart, BlackRock MuniHoldings California Quality Fund ranks #1094 out of 1636 companies for Return-on-Tangible-Asset. This places BlackRock MuniHoldings California Quality Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.24. BlackRock MuniHoldings California Quality Fund's value of 9.56% is 125.7% above this benchmark. While the company's 10-year median is 0.63 vs. the industry median of 4.24, BlackRock MuniHoldings California Quality 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 4.24, based on 1,636 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. BlackRock MuniHoldings California Quality Fund's current Return-on-Tangible-Asset of 9.56% is 125.7% 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 BlackRock MuniHoldings California Quality Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock MuniHoldings California Quality Fund's current Return-on-Tangible-Asset is 9.56%, which is 1417% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock MuniHoldings California Quality Fund stock overvalued right now?
BlackRock MuniHoldings California Quality Fund (MUC) has a current Return-on-Tangible-Asset of 9.56%. The current Return-on-Tangible-Asset is 9.56%, which is 1417% above median its 10-year median of 0.63 and 125.7% above the Asset Management industry median of 4.24. BlackRock MuniHoldings California Quality Fund's overall GF Score™ is 33/100 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 BlackRock MuniHoldings California Quality Fund (MUC), the current Return-on-Tangible-Asset is 9.56% as of Jan. 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.
BlackRock MuniHoldings California Quality Fund Business Description
BlackRock MuniHoldings California Quality Fund Inc is a diversified, closed-end management investment company. Its investment objective is to provide shareholders with current income exempt from U.S. federal income taxes and California personal income taxes. The fund mainly invests in municipal obligations exempt from U.S. federal income taxes (except that the interest may be subject to the U.S. federal alternative minimum tax) and California personal income taxes. Under normal market conditions, it invests a majority of its managed assets in investment-grade municipal obligations with remaining maturities of one year or more at the time of investment. It can also invest in below investment-grade securities, or directly in such securities or synthetically through the use of derivatives.
33GF Score
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