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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.
NIE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.75 Med: 15.03 Max: 26.71
Current: 15.08
During the past 9 years, Virtus AllianzGI Equitynvertibleome Fund's highest Return-on-Tangible-Asset was 26.71%. The lowest was -14.75%. And the median was 15.03%.
NIE's Return-on-Tangible-Asset is ranked better than 80.37% of 1635
companies
in the Asset Management industry
Industry Median: 4.23
vs NIE: 15.08
Virtus AllianzGI Equitynvertibleome Fund (NYSE:NIE) 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 AllianzGI Equitynvertibleome Fund Return-on-Tangible-Asset Related Terms
Virtus AllianzGI Equitynvertibleome 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 AllianzGI Equitynvertibleome Fund Return-on-Tangible-Asset Chart
Virtus AllianzGI Equitynvertibleome Fund Annual Data
NIE vs PFLT, MYI, FDUS: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Virtus AllianzGI Equitynvertibleome 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 AllianzGI Equitynvertibleome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus AllianzGI Equitynvertibleome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Virtus AllianzGI Equitynvertibleome 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 20.38% mean?
Virtus AllianzGI Equitynvertibleome Fund (NIE) has a Return-on-Tangible-Asset of 20.38% 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 AllianzGI Equitynvertibleome Fund and its competitors. This is 36% above median its historical median of 15.03. According to the industry distribution chart, Virtus AllianzGI Equitynvertibleome Fund ranks #321 out of 1635 companies in the Asset Management industry, placing it in the top 19.6%.
Is Virtus AllianzGI Equitynvertibleome Fund's Return-on-Tangible-Asset too high?
Virtus AllianzGI Equitynvertibleome Fund's current Return-on-Tangible-Asset of 20.38% is 36% above median its 10-year median of 15.03. The Asset Management industry median Return-on-Tangible-Asset is 4.23. Virtus AllianzGI Equitynvertibleome Fund's value of 20.38% is 381.8% above this industry median. Based on the distribution chart, Virtus AllianzGI Equitynvertibleome Fund ranks #321 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Virtus AllianzGI Equitynvertibleome Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Virtus AllianzGI Equitynvertibleome Fund's Return-on-Tangible-Asset compare to PFLT and MYI?
According to the Asset Management industry distribution chart, Virtus AllianzGI Equitynvertibleome Fund ranks #321 out of 1635 companies for Return-on-Tangible-Asset. This places Virtus AllianzGI Equitynvertibleome Fund in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.23. Virtus AllianzGI Equitynvertibleome Fund's value of 20.38% is 381.8% above this benchmark. While the company's 10-year median is 15.03 vs. the industry median of 4.23, Virtus AllianzGI Equitynvertibleome 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 4.23, 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 AllianzGI Equitynvertibleome Fund's current Return-on-Tangible-Asset of 20.38% is 381.8% 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 AllianzGI Equitynvertibleome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virtus AllianzGI Equitynvertibleome Fund's current Return-on-Tangible-Asset is 20.38%, which is 36% above median its own 10-year median of 15.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus AllianzGI Equitynvertibleome Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus AllianzGI Equitynvertibleome Fund (NIE) is currently considered Fairly Valued. The stock's GF Value™ is $27.68, compared to a current price of $26.02 — trading 6% below its estimated fair value. The current Return-on-Tangible-Asset is 20.38%, which is 36% above median its 10-year median of 15.03 and 381.8% above the Asset Management industry median of 4.23. Virtus AllianzGI Equitynvertibleome Fund's overall GF Score™ is 59/100 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 AllianzGI Equitynvertibleome Fund (NIE), the current Return-on-Tangible-Asset is 20.38% 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 AllianzGI Equitynvertibleome Fund (NIE) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus AllianzGI Equitynvertibleome Fund stock appears to be undervalued.
The current stock price of $26.02 is trading 6% below its estimated GF Value™ of $27.68.
GuruFocus considers Virtus AllianzGI Equitynvertibleome Fund to be Fairly Valued.
Key valuation signals for NIE:
Return-on-Tangible-Asset: 20.38% (36% above median its 10-year median of 15.03)
GF Value™: $27.68 vs. price of $26.02 (6% below fair value)
Industry Position: 381.8% above the Asset Management median (#321 of 1635)
No single metric tells the full story. See the NIE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus AllianzGI Equitynvertibleome Fund Business Description
Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. The investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The fund pursues its objective by investing in a diversified portfolio of equity securities and income-producing convertible securities. Its portfolio of investments comprises different sector investments, such as aerospace and defense, banks, IT services, software, and others.
59GF Score
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