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Calamos Convertible & Highome FundCHY -1.77%35 Return-on-Tangible-Equity is 26.33% as of Apr. 2026, which is 101% above its 10-year median of 13.13. GuruFocus rates CHY with a GF Score™ of 35/100. The stock has 5 warning signs investors should review. Among 1,589 Asset Management companies, Calamos Convertible & Highome Fund ranks better than 89.87% on this metric.
The historical rank and industry rank for Calamos Convertible & Highome Fund's Return-on-Tangible-Equity or its related term are showing as below:
CHY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -32.16 Med: 13.13 Max: 36.52
Current: 36.52
During the past 12 years, Calamos Convertible & Highome Fund's highest Return-on-Tangible-Equity was 36.52%. The lowest was -32.16%. And the median was 13.13%.
CHY's Return-on-Tangible-Equity is ranked better than 89.87% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs CHY: 36.52
Calamos Convertible & Highome Fund (NAS:CHY) 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.
Calamos Convertible & Highome Fund Return-on-Tangible-Equity Related Terms
Calamos Convertible & Highome Fund 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.
Calamos Convertible & Highome Fund Return-on-Tangible-Equity Chart
CHY vs PTA, GSBD, CHI: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Calamos Convertible & Highome Fund'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.
Calamos Convertible & Highome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calamos Convertible & Highome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Calamos Convertible & Highome Fund'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.33% mean?
Calamos Convertible & Highome Fund (CHY) has a Return-on-Tangible-Equity of 26.33% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Calamos Convertible & Highome Fund and its competitors. This is 101% above median its historical median of 13.13. According to the industry distribution chart, Calamos Convertible & Highome Fund ranks #161 out of 1589 companies in the Asset Management industry, placing it in the top 10.1%.
Is Calamos Convertible & Highome Fund's Return-on-Tangible-Equity too high?
Calamos Convertible & Highome Fund's current Return-on-Tangible-Equity of 26.33% is 101% above median its 10-year median of 13.13. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Calamos Convertible & Highome Fund's value of 26.33% is 265.2% above this industry median. Based on the distribution chart, Calamos Convertible & Highome Fund ranks #161 out of 1589 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Calamos Convertible & Highome Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Calamos Convertible & Highome Fund's Return-on-Tangible-Equity compare to PTA and GSBD?
According to the Asset Management industry distribution chart, Calamos Convertible & Highome Fund ranks #161 out of 1589 companies for Return-on-Tangible-Equity. This places Calamos Convertible & Highome Fund in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Calamos Convertible & Highome Fund's value of 26.33% is 265.2% above this benchmark. While the company's 10-year median is 13.13 vs. the industry median of 7.21, Calamos Convertible & Highome 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-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. Calamos Convertible & Highome Fund's current Return-on-Tangible-Equity of 26.33% is 265.2% 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 Calamos Convertible & Highome Fund 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. Calamos Convertible & Highome Fund's current Return-on-Tangible-Equity is 26.33%, which is 101% above median its own 10-year median of 13.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos Convertible & Highome Fund stock overvalued right now?
Calamos Convertible & Highome Fund (CHY) has a current Return-on-Tangible-Equity of 26.33%. The current Return-on-Tangible-Equity is 26.33%, which is 101% above median its 10-year median of 13.13 and 265.2% above the Asset Management industry median of 7.21. Calamos Convertible & Highome Fund's overall GF Score™ is 35/100 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 Calamos Convertible & Highome Fund (CHY), the current Return-on-Tangible-Equity is 26.33% 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.
Calamos Convertible & Highome Fund Business Description
Calamos Convertible & High Income Fund is a diversified, closed-end management investment company. Its objective is to provide total return through a combination of capital appreciation and current income. The firm invests in a diversified portfolio of convertible securities and high-yield securities.
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