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BlackRock 2037 Mun TgtBMN +0.07%48 Return-on-Tangible-Equity is 10.57% as of Dec. 2025, which is 201% above its 10-year median of 3.51. GuruFocus rates BMN with a GF Score™ of 48/100 and a GF Value™ of $46.43 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, BlackRock 2037 Mun Tgt ranks worse than 59.91% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. BlackRock 2037 Mun Tgt's annualized net income for the quarter that ended in Dec. 2025 was $16.49 Mil. BlackRock 2037 Mun Tgt's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $155.96 Mil. Therefore, BlackRock 2037 Mun Tgt's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.57%.
The historical rank and industry rank for BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity or its related term are showing as below:
BMN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.64 Med: 3.51 Max: 7.39
Current: 4.57
During the past 4 years, BlackRock 2037 Mun Tgt's highest Return-on-Tangible-Equity was 7.39%. The lowest was 1.64%. And the median was 3.51%.
BMN's Return-on-Tangible-Equity is ranked worse than 59.91% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs BMN: 4.57
BlackRock 2037 Mun Tgt (NYSE:BMN) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
BlackRock 2037 Mun Tgt Return-on-Tangible-Equity Related Terms
BlackRock 2037 Mun Tgt Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity 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.
BlackRock 2037 Mun Tgt Return-on-Tangible-Equity Chart
BMN vs GLQ, NAZ, MHF: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
BlackRock 2037 Mun Tgt Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.57% mean?
BlackRock 2037 Mun Tgt (BMN) has a Return-on-Tangible-Equity of 10.57% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BlackRock 2037 Mun Tgt and its competitors. This is 201% above median its historical median of 3.51. Over the past decade, BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity has ranged from 1.64 to 7.39. According to the industry distribution chart, BlackRock 2037 Mun Tgt ranks #952 out of 1589 companies in the Asset Management industry, placing it in the top 59.9%.
Is BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity too high?
BlackRock 2037 Mun Tgt's current Return-on-Tangible-Equity of 10.57% is 201% above median its 10-year median of 3.51. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 7.39. The Asset Management industry median Return-on-Tangible-Equity is 7.21. BlackRock 2037 Mun Tgt's value of 10.57% is 46.6% above this industry median. Based on the distribution chart, BlackRock 2037 Mun Tgt ranks #952 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock 2037 Mun Tgt has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackRock 2037 Mun Tgt's Return-on-Tangible-Equity compare to GLQ and NAZ?
According to the Asset Management industry distribution chart, BlackRock 2037 Mun Tgt ranks #952 out of 1589 companies for Return-on-Tangible-Equity. This places BlackRock 2037 Mun Tgt in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. BlackRock 2037 Mun Tgt's value of 10.57% is 46.6% above this benchmark. Historically, BlackRock 2037 Mun Tgt's own Return-on-Tangible-Equity has ranged from 1.64 to 7.39 over the past decade. While the company's 10-year median is 3.51 vs. the industry median of 7.21, BlackRock 2037 Mun Tgt 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock 2037 Mun Tgt's current Return-on-Tangible-Equity of 10.57% is 46.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BlackRock 2037 Mun Tgt and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock 2037 Mun Tgt's current Return-on-Tangible-Equity is 10.57%, which is 201% above median its own 10-year median of 3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock 2037 Mun Tgt stock overvalued right now?
Based on GuruFocus' analysis, BlackRock 2037 Mun Tgt (BMN) is currently considered Possible Value Trap. The stock's GF Value™ is $46.43, compared to a current price of $25.58 — trading 44.9% below its estimated fair value. The current Return-on-Tangible-Equity is 10.57%, which is 201% above median its 10-year median of 3.51 and 46.6% above the Asset Management industry median of 7.21. BlackRock 2037 Mun Tgt's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For BlackRock 2037 Mun Tgt (BMN), the current Return-on-Tangible-Equity is 10.57% as of Dec. 2025. 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 BlackRock 2037 Mun Tgt (BMN) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock 2037 Mun Tgt stock appears to be undervalued.
The current stock price of $25.58 is trading 44.9% below its estimated GF Value™ of $46.43.
GuruFocus considers BlackRock 2037 Mun Tgt to be Possible Value Trap.
Key valuation signals for BMN:
Return-on-Tangible-Equity: 10.57% (201% above median its 10-year median of 3.51)
GF Value™: $46.43 vs. price of $25.58 (44.9% below fair value)
Industry Position: 46.6% above the Asset Management median (#952 of 1589)
No single metric tells the full story. See the BMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock 2037 Mun Tgt is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income that is exempt from regular federal income tax. The Trust invests in investment grade quality securities or securities that are unrated but judged to be of comparable quality by the investment adviser.
48GF Score
Get the complete analysis for BMN
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