BTA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.84 Med: 1.51 Max: 22.23
Current: -6.32
During the past 8 years, Blackrock Long-term Municipal AdtgTrust's highest Return-on-Tangible-Equity was 22.23%. The lowest was -12.84%. And the median was 1.51%.
BTA's Return-on-Tangible-Equity is not ranked
in the Asset Management industry.
Industry Median: 7.19
vs BTA: -6.32
Blackrock Long-term Municipal AdtgTrust (NYSE:BTA) 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 Long-term Municipal AdtgTrust Return-on-Tangible-Equity Related Terms
Blackrock Long-term Municipal AdtgTrust Return-on-Tangible-Equity 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.
Blackrock Long-term Municipal AdtgTrust Return-on-Tangible-Equity Chart
Blackrock Long-term Municipal AdtgTrust Annual Data
BTA vs CIK, BGX, HYI: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Blackrock Long-term Municipal AdtgTrust'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 Long-term Municipal AdtgTrust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Blackrock Long-term Municipal AdtgTrust'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 (Jul. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -13.29% mean?
Blackrock Long-term Municipal AdtgTrust (BTA) has a Return-on-Tangible-Equity of -13.29% as of Jul. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors.
Is Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Equity too high?
Blackrock Long-term Municipal AdtgTrust's current Return-on-Tangible-Equity is -13.29%. Overall, Blackrock Long-term Municipal AdtgTrust has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Equity compare to CIK and BGX?
Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Equity of -13.29% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.19. 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 7.19, based on 1,588 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. 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 Long-term Municipal AdtgTrust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Long-term Municipal AdtgTrust's current Return-on-Tangible-Equity is -13.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Long-term Municipal AdtgTrust stock overvalued right now?
Blackrock Long-term Municipal AdtgTrust (BTA) has a current Return-on-Tangible-Equity of -13.29%. The current Return-on-Tangible-Equity is -13.29%. Blackrock Long-term Municipal AdtgTrust's overall GF Score™ is 18/100 with 1 warning sign 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 Long-term Municipal AdtgTrust (BTA), the current Return-on-Tangible-Equity is -13.29% as of Jul. 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.
Blackrock Long-term Municipal AdtgTrust Business Description
Blackrock Long-term Municipal AdtgTrust is a diversified closed-end investment trust. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The fund, under normal market conditions, invests a majority of its managed assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are expected to pay interest or income that is exempt from U.S. federal income tax. Its investment portfolio comprises dollar-weighted, long-term municipal bonds with a maturity of more than ten years at the time of investment. The fund's investments have exposure to various sectors such as Corporate, Health, County/City/Special District/School District, Transportation, Education, Utilities, State, Tobacco, etc.
18GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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