Reaves Utilityome FundUTG -0.25%33 Return-on-Tangible-Asset is 24.89% as of Apr. 2026, which is 141% above its 10-year median of 10.32. GuruFocus rates UTG with a GF Score™ of 33/100. The stock has 7 warning signs investors should review. Among 1,634 Asset Management companies, Reaves Utilityome Fund ranks better than 93.7% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Reaves Utilityome Fund's annualizedNet Income for the quarter that ended in Apr. 2026 was $1,171 Mil. Reaves Utilityome Fund's average total tangible assets for the quarter that ended in Apr. 2026 was $4,704 Mil. Therefore, Reaves Utilityome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 24.89%.
The historical rank and industry rank for Reaves Utilityome Fund's Return-on-Tangible-Asset or its related term are showing as below:
UTG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.68 Med: 10.32 Max: 29.14
Current: 28.89
During the past 13 years, Reaves Utilityome Fund's highest Return-on-Tangible-Asset was 29.14%. The lowest was -8.68%. And the median was 10.32%.
UTG's Return-on-Tangible-Asset is ranked better than 93.7% of 1634
companies
in the Asset Management industry
Industry Median: 4.155
vs UTG: 28.89
Reaves Utilityome Fund (AMEX:UTG) 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.
Reaves Utilityome Fund Return-on-Tangible-Asset Related Terms
Reaves Utilityome Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Reaves Utilityome Fund's Return-on-Tangible-Asset can be seen below:
* 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.
Reaves Utilityome Fund Return-on-Tangible-Asset Chart
UTG vs NEA, CNS, HLNE: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Reaves Utilityome 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.
Reaves Utilityome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Reaves Utilityome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Reaves Utilityome 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 24.89% mean?
Reaves Utilityome Fund (UTG) has a Return-on-Tangible-Asset of 24.89% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Reaves Utilityome Fund and its competitors. This is 141% above median its historical median of 10.32. According to the industry distribution chart, Reaves Utilityome Fund ranks #103 out of 1634 companies in the Asset Management industry, placing it in the top 6.3%.
Is Reaves Utilityome Fund's Return-on-Tangible-Asset too high?
Reaves Utilityome Fund's current Return-on-Tangible-Asset of 24.89% is 141% above median its 10-year median of 10.32. The Asset Management industry median Return-on-Tangible-Asset is 4.16. Reaves Utilityome Fund's value of 24.89% is 499% above this industry median. Based on the distribution chart, Reaves Utilityome Fund ranks #103 out of 1634 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Reaves Utilityome Fund has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Reaves Utilityome Fund's Return-on-Tangible-Asset compare to NEA and CNS?
According to the Asset Management industry distribution chart, Reaves Utilityome Fund ranks #103 out of 1634 companies for Return-on-Tangible-Asset. This places Reaves Utilityome Fund in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.16. Reaves Utilityome Fund's value of 24.89% is 499% above this benchmark. While the company's 10-year median is 10.32 vs. the industry median of 4.16, Reaves Utilityome 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 4.16, based on 1,634 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. Reaves Utilityome Fund's current Return-on-Tangible-Asset of 24.89% is 499% 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 Reaves Utilityome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reaves Utilityome Fund's current Return-on-Tangible-Asset is 24.89%, which is 141% above median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reaves Utilityome Fund stock overvalued right now?
Reaves Utilityome Fund (UTG) has a current Return-on-Tangible-Asset of 24.89%. The current Return-on-Tangible-Asset is 24.89%, which is 141% above median its 10-year median of 10.32 and 499% above the Asset Management industry median of 4.16. Reaves Utilityome Fund's overall GF Score™ is 33/100 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 Reaves Utilityome Fund (UTG), the current Return-on-Tangible-Asset is 24.89% as of Apr. 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.
Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.
33GF Score
Get the complete analysis for UTG
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
UTG has been successfully added to your 
