Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
PGIM Short Duration High Yield Opportunities (NYSE:SDHY) 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.
PGIM Short Duration High Yield Opportunities Return-on-Tangible-Asset Related Terms
PGIM Short Duration High Yield Opportunities 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.
PGIM Short Duration High Yield Opportunities Return-on-Tangible-Asset Chart
PGIM Short Duration High Yield Opportunities Annual Data
Trend
Jul21
Jul22
Jul23
Jul24
Jul25
Return-on-Tangible-Asset
0.00
-4.56
4.70
7.27
7.36
PGIM Short Duration High Yield Opportunities Semi-Annual Data
SDHY vs VKI, LEO, CCAP: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, PGIM Short Duration High Yield Opportunities'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.
PGIM Short Duration High Yield Opportunities Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PGIM Short Duration High Yield Opportunities'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 13.23% mean?
PGIM Short Duration High Yield Opportunities (SDHY) has a Return-on-Tangible-Asset of 13.23% 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 PGIM Short Duration High Yield Opportunities and its competitors. This is 121% above median its historical median of 5.99. According to the industry distribution chart, PGIM Short Duration High Yield Opportunities ranks #528 out of 1638 companies in the Asset Management industry, placing it in the top 32.2%.
Is PGIM Short Duration High Yield Opportunities' Return-on-Tangible-Asset too high?
PGIM Short Duration High Yield Opportunities' current Return-on-Tangible-Asset of 13.23% is 121% above median its 10-year median of 5.99. The Asset Management industry median Return-on-Tangible-Asset is 4.30. PGIM Short Duration High Yield Opportunities' value of 13.23% is 207.7% above this industry median. Based on the distribution chart, PGIM Short Duration High Yield Opportunities ranks #528 out of 1638 companies in the Asset Management industry, which is above the industry midpoint. Overall, PGIM Short Duration High Yield Opportunities has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PGIM Short Duration High Yield Opportunities' Return-on-Tangible-Asset compare to VKI and LEO?
According to the Asset Management industry distribution chart, PGIM Short Duration High Yield Opportunities ranks #528 out of 1638 companies for Return-on-Tangible-Asset. This puts PGIM Short Duration High Yield Opportunities in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.30. PGIM Short Duration High Yield Opportunities' value of 13.23% is 207.7% above this benchmark. While the company's 10-year median is 5.99 vs. the industry median of 4.30, PGIM Short Duration High Yield Opportunities 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 4.30, based on 1,638 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. PGIM Short Duration High Yield Opportunities's current Return-on-Tangible-Asset of 13.23% is 207.7% 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 PGIM Short Duration High Yield Opportunities and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PGIM Short Duration High Yield Opportunities's current Return-on-Tangible-Asset is 13.23%, which is 121% above median its own 10-year median of 5.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PGIM Short Duration High Yield Opportunities stock overvalued right now?
Based on GuruFocus' analysis, PGIM Short Duration High Yield Opportunities (SDHY) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.59, compared to a current price of $16.12 — trading 17.7% below its estimated fair value. The current Return-on-Tangible-Asset is 13.23%, which is 121% above median its 10-year median of 5.99 and 207.7% above the Asset Management industry median of 4.30. PGIM Short Duration High Yield Opportunities' overall GF Score™ is 56/100 with 2 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 PGIM Short Duration High Yield Opportunities (SDHY), the current Return-on-Tangible-Asset is 13.23% 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 PGIM Short Duration High Yield Opportunities (SDHY) Overvalued in 2026?
Based on GuruFocus' analysis, PGIM Short Duration High Yield Opportunities stock appears to be undervalued.
The current stock price of $16.12 is trading 17.7% below its estimated GF Value™ of $19.59.
GuruFocus considers PGIM Short Duration High Yield Opportunities to be Modestly Undervalued.
Key valuation signals for SDHY:
Return-on-Tangible-Asset: 13.23% (121% above median its 10-year median of 5.99)
GF Value™: $19.59 vs. price of $16.12 (17.7% below fair value)
Industry Position: 207.7% above the Asset Management median (#528 of 1638)
No single metric tells the full story. See the SDHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PGIM Short Duration High Yield Opportunities is a closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation. It mainly invests in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments (including derivatives) with similar economic characteristics.
56GF Score
Get the complete analysis for SDHY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SDHY has been successfully added to your 
