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Virtus Convertible &ome FundNCV -1.14%50 Return-on-Tangible-Asset is 20.92% as of Jan. 2026, which is 314% above its 10-year median of 5.05. GuruFocus rates NCV with a GF Score™ of 50/100 and a GF Value™ of $55.59 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,635 Asset Management companies, Virtus Convertible &ome Fund ranks better than 78.78% on this metric.
The historical rank and industry rank for Virtus Convertible &ome Fund's Return-on-Tangible-Asset or its related term are showing as below:
NCV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.05 Med: 5.05 Max: 17.21
Current: 14.41
During the past 8 years, Virtus Convertible &ome Fund's highest Return-on-Tangible-Asset was 17.21%. The lowest was -10.05%. And the median was 5.05%.
NCV's Return-on-Tangible-Asset is ranked better than 78.78% of 1635
companies
in the Asset Management industry
Industry Median: 4.24
vs NCV: 14.41
Virtus Convertible &ome Fund (NYSE:NCV) 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.
Virtus Convertible &ome Fund Return-on-Tangible-Asset Related Terms
Virtus Convertible &ome 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.
Virtus Convertible &ome Fund Return-on-Tangible-Asset Chart
NCV vs ALTI, HFRO, MYN: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Virtus Convertible &ome 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.
Virtus Convertible &ome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Virtus Convertible &ome 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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 20.92% mean?
Virtus Convertible &ome Fund (NCV) has a Return-on-Tangible-Asset of 20.92% 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 Virtus Convertible &ome Fund and its competitors. This is 314% above median its historical median of 5.05. According to the industry distribution chart, Virtus Convertible &ome Fund ranks #347 out of 1635 companies in the Asset Management industry, placing it in the top 21.2%.
Is Virtus Convertible &ome Fund's Return-on-Tangible-Asset too high?
Virtus Convertible &ome Fund's current Return-on-Tangible-Asset of 20.92% is 314% above median its 10-year median of 5.05. The Asset Management industry median Return-on-Tangible-Asset is 4.24. Virtus Convertible &ome Fund's value of 20.92% is 393.4% above this industry median. Based on the distribution chart, Virtus Convertible &ome Fund ranks #347 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Virtus Convertible &ome Fund has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtus Convertible &ome Fund's Return-on-Tangible-Asset compare to ALTI and HFRO?
According to the Asset Management industry distribution chart, Virtus Convertible &ome Fund ranks #347 out of 1635 companies for Return-on-Tangible-Asset. This places Virtus Convertible &ome Fund in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.24. Virtus Convertible &ome Fund's value of 20.92% is 393.4% above this benchmark. While the company's 10-year median is 5.05 vs. the industry median of 4.24, Virtus Convertible &ome 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 1,635 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. Virtus Convertible &ome Fund's current Return-on-Tangible-Asset of 20.92% is 393.4% 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 Virtus Convertible &ome 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. Virtus Convertible &ome Fund's current Return-on-Tangible-Asset is 20.92%, which is 314% above median its own 10-year median of 5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus Convertible &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund (NCV) is currently considered Significantly Undervalued. The stock's GF Value™ is $55.59, compared to a current price of $16.54 — trading 70.2% below its estimated fair value. The current Return-on-Tangible-Asset is 20.92%, which is 314% above median its 10-year median of 5.05 and 393.4% above the Asset Management industry median of 4.24. Virtus Convertible &ome Fund's overall GF Score™ is 50/100 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 Virtus Convertible &ome Fund (NCV), the current Return-on-Tangible-Asset is 20.92% 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.
Is Virtus Convertible &ome Fund (NCV) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund stock appears to be undervalued.
The current stock price of $16.54 is trading 70.2% below its estimated GF Value™ of $55.59.
GuruFocus considers Virtus Convertible &ome Fund to be Significantly Undervalued.
Key valuation signals for NCV:
Return-on-Tangible-Asset: 20.92% (314% above median its 10-year median of 5.05)
GF Value™: $55.59 vs. price of $16.54 (70.2% below fair value)
Industry Position: 393.4% above the Asset Management median (#347 of 1635)
No single metric tells the full story. See the NCV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.
50GF Score
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