The historical rank and industry rank for BNY Mellon High Yield Strategies Fund's Return-on-Tangible-Equity or its related term are showing as below:
DHF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.84 Med: 5.22 Max: 32.81
Current: 6.24
During the past 9 years, BNY Mellon High Yield Strategies Fund's highest Return-on-Tangible-Equity was 32.81%. The lowest was -15.84%. And the median was 5.22%.
DHF's Return-on-Tangible-Equity is ranked worse than 53.27% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs DHF: 6.24
BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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.
BNY Mellon High Yield Strategies Fund Return-on-Tangible-Equity Related Terms
BNY Mellon High Yield Strategies 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.
BNY Mellon High Yield Strategies Fund Return-on-Tangible-Equity Chart
DHF vs ECF, HGLB, FLC: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, BNY Mellon High Yield Strategies 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.
BNY Mellon High Yield Strategies Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon High Yield Strategies Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BNY Mellon High Yield Strategies 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -1.33% mean?
BNY Mellon High Yield Strategies Fund (DHF) has a Return-on-Tangible-Equity of -1.33% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BNY Mellon High Yield Strategies Fund and its competitors. According to the industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #846 out of 1588 companies in the Asset Management industry, placing it in the top 53.3%.
Is BNY Mellon High Yield Strategies Fund's Return-on-Tangible-Equity too high?
BNY Mellon High Yield Strategies Fund's current Return-on-Tangible-Equity is -1.33%. Based on the distribution chart, BNY Mellon High Yield Strategies Fund ranks #846 out of 1588 companies in the Asset Management industry, which is below the industry midpoint. Overall, BNY Mellon High Yield Strategies Fund has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon High Yield Strategies Fund's Return-on-Tangible-Equity compare to ECF and HGLB?
According to the Asset Management industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #846 out of 1588 companies for Return-on-Tangible-Equity. This places BNY Mellon High Yield Strategies Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. 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 1,588 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 BNY Mellon High Yield Strategies 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. BNY Mellon High Yield Strategies Fund's current Return-on-Tangible-Equity is -1.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon High Yield Strategies Fund stock overvalued right now?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund (DHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.33, compared to a current price of $2.42 — trading 82% above its estimated fair value. The current Return-on-Tangible-Equity is -1.33%. BNY Mellon High Yield Strategies Fund's overall GF Score™ is 40/100 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 BNY Mellon High Yield Strategies Fund (DHF), the current Return-on-Tangible-Equity is -1.33% as of Mar. 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.
Is BNY Mellon High Yield Strategies Fund (DHF) Overvalued in 2026?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund stock appears to be overvalued.
The current stock price of $2.42 is trading 82% above its estimated GF Value™ of $1.33.
GuruFocus considers BNY Mellon High Yield Strategies Fund to be Significantly Overvalued.
Key valuation signals for DHF:
Return-on-Tangible-Equity: -1.33%
GF Value™: $1.33 vs. price of $2.42 (82% above fair value)
No single metric tells the full story. See the DHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BNY Mellon High Yield Strategies Fund Business Description
BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. The fund invests predominantly in fixed-income securities of below-investment-grade credit quality.
40GF 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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