Eaton Vance CA Muniome TrustCEV +0.76%28 Return-on-Tangible-Equity is 15.66% as of Nov. 2025, which is 375% above its 10-year median of 3.30. GuruFocus rates CEV with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 1,587 Asset Management companies, Eaton Vance CA Muniome Trust ranks worse than 76.37% 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. Eaton Vance CA Muniome Trust's annualized net income for the quarter that ended in Nov. 2025 was $12.04 Mil. Eaton Vance CA Muniome Trust's average shareholder tangible equity for the quarter that ended in Nov. 2025 was $76.90 Mil. Therefore, Eaton Vance CA Muniome Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2025 was 15.66%.
The historical rank and industry rank for Eaton Vance CA Muniome Trust's Return-on-Tangible-Equity or its related term are showing as below:
CEV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.94 Med: 3.3 Max: 12.53
Current: 0.01
During the past 13 years, Eaton Vance CA Muniome Trust's highest Return-on-Tangible-Equity was 12.53%. The lowest was -18.94%. And the median was 3.30%.
CEV's Return-on-Tangible-Equity is ranked worse than 76.37% of 1587
companies
in the Asset Management industry
Industry Median: 7.18
vs CEV: 0.01
Eaton Vance CA Muniome Trust (AMEX:CEV) 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.
Eaton Vance CA Muniome Trust Return-on-Tangible-Equity Related Terms
Eaton Vance CA Muniome Trust 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.
Eaton Vance CA Muniome Trust Return-on-Tangible-Equity Chart
CEV vs EEA, NMS, OCCI: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Eaton Vance CA Muniome Trust'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.
Eaton Vance CA Muniome Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance CA Muniome Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eaton Vance CA Muniome Trust'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 (Nov. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.66% mean?
Eaton Vance CA Muniome Trust (CEV) has a Return-on-Tangible-Equity of 15.66% as of Nov. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Eaton Vance CA Muniome Trust and its competitors. This is 375% above median its historical median of 3.30. According to the industry distribution chart, Eaton Vance CA Muniome Trust ranks #1212 out of 1587 companies in the Asset Management industry, placing it in the top 76.4%.
Is Eaton Vance CA Muniome Trust's Return-on-Tangible-Equity too high?
Eaton Vance CA Muniome Trust's current Return-on-Tangible-Equity of 15.66% is 375% above median its 10-year median of 3.30. The Asset Management industry median Return-on-Tangible-Equity is 7.18. Eaton Vance CA Muniome Trust's value of 15.66% is 118.1% above this industry median. Based on the distribution chart, Eaton Vance CA Muniome Trust ranks #1212 out of 1587 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Eaton Vance CA Muniome Trust has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance CA Muniome Trust's Return-on-Tangible-Equity compare to EEA and NMS?
According to the Asset Management industry distribution chart, Eaton Vance CA Muniome Trust ranks #1212 out of 1587 companies for Return-on-Tangible-Equity. This places Eaton Vance CA Muniome Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.18. Eaton Vance CA Muniome Trust's value of 15.66% is 118.1% above this benchmark. While the company's 10-year median is 3.30 vs. the industry median of 7.18, Eaton Vance CA Muniome Trust 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 7.18, based on 1,587 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. Eaton Vance CA Muniome Trust's current Return-on-Tangible-Equity of 15.66% is 118.1% 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-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 Eaton Vance CA Muniome Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance CA Muniome Trust's current Return-on-Tangible-Equity is 15.66%, which is 375% above median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance CA Muniome Trust stock overvalued right now?
Eaton Vance CA Muniome Trust (CEV) has a current Return-on-Tangible-Equity of 15.66%. The current Return-on-Tangible-Equity is 15.66%, which is 375% above median its 10-year median of 3.30 and 118.1% above the Asset Management industry median of 7.18. Eaton Vance CA Muniome Trust's overall GF Score™ is 28/100 with 5 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 Eaton Vance CA Muniome Trust (CEV), the current Return-on-Tangible-Equity is 15.66% as of Nov. 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.
Eaton Vance CA Muni Income Trust is a non-diversified closed-end investment company. The company's investment objective is to provide current income exempt from regular federal income tax and California state personal income taxes. It invests in municipal obligations, issued by the State of California or its political subdivisions, agencies, authorities and instrumentalities and also has some exposure to corporate bonds.
28GF Score
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