Invesco Trust For Investment Grade New York MunicipalsVTN -0.78%32 Return-on-Tangible-Asset is 14.96% as of Feb. 2026, which is 722% above its 10-year median of 1.82. GuruFocus rates VTN with a GF Score™ of 32/100. The stock has 7 warning signs investors should review. Among 1,634 Asset Management companies, Invesco Trust For Investment Grade New York Municipals ranks worse than 62.3% on this metric.
VTN's Return-on-Tangible-Asset is ranked worse than 62.3% of 1634
companies
in the Asset Management industry
Industry Median: 4.12
vs VTN: 1.87
Invesco Trust For Investment Grade New York Municipals (NYSE:VTN) 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.
Invesco Trust For Investment Grade New York Municipals Return-on-Tangible-Asset Related Terms
Invesco Trust For Investment Grade New York Municipals 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.
Invesco Trust For Investment Grade New York Municipals Return-on-Tangible-Asset Chart
Invesco Trust For Investment Grade New York Municipals Annual Data
VTN vs BSL, GGT, PCQ: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Invesco Trust For Investment Grade New York Municipals'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.
Invesco Trust For Investment Grade New York Municipals Return-on-Tangible-Asset vs Asset Management Industry
* 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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 14.96% mean?
Invesco Trust For Investment Grade New York Municipals (VTN) has a Return-on-Tangible-Asset of 14.96% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Invesco Trust For Investment Grade New York Municipals and its competitors. This is 722% above median its historical median of 1.82. According to the industry distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #1018 out of 1634 companies in the Asset Management industry, placing it in the top 62.3%.
Is Invesco Trust For Investment Grade New York Municipals' Return-on-Tangible-Asset too high?
Invesco Trust For Investment Grade New York Municipals' current Return-on-Tangible-Asset of 14.96% is 722% above median its 10-year median of 1.82. The Asset Management industry median Return-on-Tangible-Asset is 4.12. Invesco Trust For Investment Grade New York Municipals' value of 14.96% is 263.1% above this industry median. Based on the distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #1018 out of 1634 companies in the Asset Management industry, which is below the industry midpoint. Overall, Invesco Trust For Investment Grade New York Municipals has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Invesco Trust For Investment Grade New York Municipals' Return-on-Tangible-Asset compare to BSL and GGT?
According to the Asset Management industry distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #1018 out of 1634 companies for Return-on-Tangible-Asset. This places Invesco Trust For Investment Grade New York Municipals in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.12. Invesco Trust For Investment Grade New York Municipals' value of 14.96% is 263.1% above this benchmark. While the company's 10-year median is 1.82 vs. the industry median of 4.12, Invesco Trust For Investment Grade New York Municipals 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 4.12, 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. Invesco Trust For Investment Grade New York Municipals's current Return-on-Tangible-Asset of 14.96% is 263.1% 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 Invesco Trust For Investment Grade New York Municipals and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invesco Trust For Investment Grade New York Municipals's current Return-on-Tangible-Asset is 14.96%, which is 722% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco Trust For Investment Grade New York Municipals stock overvalued right now?
Invesco Trust For Investment Grade New York Municipals (VTN) has a current Return-on-Tangible-Asset of 14.96%. The current Return-on-Tangible-Asset is 14.96%, which is 722% above median its 10-year median of 1.82 and 263.1% above the Asset Management industry median of 4.12. Invesco Trust For Investment Grade New York Municipals' overall GF Score™ is 32/100 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 Invesco Trust For Investment Grade New York Municipals (VTN), the current Return-on-Tangible-Asset is 14.96% as of Feb. 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.
Invesco Trust For Investment Grade New York Municipals Business Description
Invesco Trust For Investment Grade New York Municipals is a diversified closed-end management investment company. Its objective is to provide common shareholders with a high level of current income exempt from federal as well as from New York State and New York City income taxes, consistent with preservation of capital.
32GF Score
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