Putnam Master Intermediateome TrustPIM -0.16%54 Return-on-Tangible-Asset is 1.95% as of Mar. 2026, which is 16% below its 10-year median of 2.33. GuruFocus rates PIM with a GF Score™ of 54/100 and a GF Value™ of $3.28 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,635 Asset Management companies, Putnam Master Intermediateome Trust ranks better than 50.4% on this metric.
The historical rank and industry rank for Putnam Master Intermediateome Trust's Return-on-Tangible-Asset or its related term are showing as below:
PIM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.83 Med: 2.33 Max: 7.77
Current: 4.23
During the past 9 years, Putnam Master Intermediateome Trust's highest Return-on-Tangible-Asset was 7.77%. The lowest was -3.83%. And the median was 2.33%.
PIM's Return-on-Tangible-Asset is ranked better than 50.4% of 1635
companies
in the Asset Management industry
Industry Median: 4.13
vs PIM: 4.23
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.
Putnam Master Intermediateome Trust Return-on-Tangible-Asset Related Terms
Putnam Master Intermediateome Trust 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.
PIM vs MHF, MSD, IGA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Putnam Master Intermediateome 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.
Putnam Master Intermediateome Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Master Intermediateome Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Putnam Master Intermediateome 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.95% mean?
Putnam Master Intermediateome Trust (PIM) has a Return-on-Tangible-Asset of 1.95% 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 Putnam Master Intermediateome Trust and its competitors. This is 16% below median its historical median of 2.33. According to the industry distribution chart, Putnam Master Intermediateome Trust ranks #811 out of 1635 companies in the Asset Management industry, placing it in the top 49.6%.
Is Putnam Master Intermediateome Trust's Return-on-Tangible-Asset too high?
Putnam Master Intermediateome Trust's current Return-on-Tangible-Asset of 1.95% is 16% below median its 10-year median of 2.33. The Asset Management industry median Return-on-Tangible-Asset is 4.13. Putnam Master Intermediateome Trust's value of 1.95% is 52.8% below this industry median. Based on the distribution chart, Putnam Master Intermediateome Trust ranks #811 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. Overall, Putnam Master Intermediateome Trust has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Putnam Master Intermediateome Trust's Return-on-Tangible-Asset compare to MHF and MSD?
According to the Asset Management industry distribution chart, Putnam Master Intermediateome Trust ranks #811 out of 1635 companies for Return-on-Tangible-Asset. This puts Putnam Master Intermediateome Trust in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.13. Putnam Master Intermediateome Trust's value of 1.95% is 52.8% below this benchmark. While the company's 10-year median is 2.33 vs. the industry median of 4.13, Putnam Master Intermediateome 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 4.13, 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. Putnam Master Intermediateome Trust's current Return-on-Tangible-Asset of 1.95% is 52.8% 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 Putnam Master Intermediateome Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Master Intermediateome Trust's current Return-on-Tangible-Asset is 1.95%, which is 16% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putnam Master Intermediateome Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Master Intermediateome Trust (PIM) is currently considered Fairly Valued. The stock's GF Value™ is $3.28, compared to a current price of $3.22 — trading 2% below its estimated fair value. The current Return-on-Tangible-Asset is 1.95%, which is 16% below median its 10-year median of 2.33 and 52.8% below the Asset Management industry median of 4.13. Putnam Master Intermediateome Trust's overall GF Score™ is 54/100 with 7 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 Putnam Master Intermediateome Trust (PIM), the current Return-on-Tangible-Asset is 1.95% 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 Putnam Master Intermediateome Trust (PIM) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Master Intermediateome Trust stock appears to be undervalued.
The current stock price of $3.22 is trading 2% below its estimated GF Value™ of $3.28.
GuruFocus considers Putnam Master Intermediateome Trust to be Fairly Valued.
Key valuation signals for PIM:
Return-on-Tangible-Asset: 1.95% (16% below median its 10-year median of 2.33)
GF Value™: $3.28 vs. price of $3.22 (2% below fair value)
Industry Position: 52.8% below the Asset Management median (#811 of 1635)
No single metric tells the full story. See the PIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Master Intermediateome Trust Business Description
Putnam Master Intermediate Income Trust is a closed-end fund. Its investment objective is to provide high current income and relative stability of net asset value. The fund pursues its goal by investing in U.S. high-grade, high-yield, and international fixed-income securities with limited maturities. The fund's portfolio includes the United States Government and agency mortgage obligations; mortgage-backed securities; corporate bonds and notes, and foreign government and agency bonds and notes.
54GF Score
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