DTF Tax-Freeome 2028 Term FundDTF -0.86%35 Return-on-Tangible-Equity is 5.10% as of Oct. 2025, which is 86% above its 10-year median of 2.74. GuruFocus rates DTF with a GF Score™ of 35/100. The stock has 7 warning signs investors should review. Among 1,587 Asset Management companies, DTF Tax-Freeome 2028 Term Fund ranks worse than 65.91% 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. DTF Tax-Freeome 2028 Term Fund's annualized net income for the quarter that ended in Oct. 2025 was $4.33 Mil. DTF Tax-Freeome 2028 Term Fund's average shareholder tangible equity for the quarter that ended in Oct. 2025 was $84.89 Mil. Therefore, DTF Tax-Freeome 2028 Term Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2025 was 5.10%.
The historical rank and industry rank for DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Equity or its related term are showing as below:
DTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.39 Med: 2.74 Max: 11.08
Current: 2.75
During the past 9 years, DTF Tax-Freeome 2028 Term Fund's highest Return-on-Tangible-Equity was 11.08%. The lowest was -23.39%. And the median was 2.74%.
DTF's Return-on-Tangible-Equity is ranked worse than 65.91% of 1587
companies
in the Asset Management industry
Industry Median: 7.2
vs DTF: 2.75
DTF Tax-Freeome 2028 Term Fund (NYSE:DTF) 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.
DTF Tax-Freeome 2028 Term Fund Return-on-Tangible-Equity Related Terms
DTF Tax-Freeome 2028 Term 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.
DTF Tax-Freeome 2028 Term Fund Return-on-Tangible-Equity Chart
DTF vs GLV, GDO, HNNA: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, DTF Tax-Freeome 2028 Term 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.
DTF Tax-Freeome 2028 Term Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DTF Tax-Freeome 2028 Term 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 (Oct. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.10% mean?
DTF Tax-Freeome 2028 Term Fund (DTF) has a Return-on-Tangible-Equity of 5.10% as of Oct. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on DTF Tax-Freeome 2028 Term Fund and its competitors. This is 86% above median its historical median of 2.74. According to the industry distribution chart, DTF Tax-Freeome 2028 Term Fund ranks #1046 out of 1587 companies in the Asset Management industry, placing it in the top 65.9%.
Is DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Equity too high?
DTF Tax-Freeome 2028 Term Fund's current Return-on-Tangible-Equity of 5.10% is 86% above median its 10-year median of 2.74. The Asset Management industry median Return-on-Tangible-Equity is 7.20. DTF Tax-Freeome 2028 Term Fund's value of 5.10% is 29.2% below this industry median. Based on the distribution chart, DTF Tax-Freeome 2028 Term Fund ranks #1046 out of 1587 companies in the Asset Management industry, which is below the industry midpoint. Overall, DTF Tax-Freeome 2028 Term Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does DTF Tax-Freeome 2028 Term Fund's Return-on-Tangible-Equity compare to GLV and GDO?
According to the Asset Management industry distribution chart, DTF Tax-Freeome 2028 Term Fund ranks #1046 out of 1587 companies for Return-on-Tangible-Equity. This places DTF Tax-Freeome 2028 Term Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.20. DTF Tax-Freeome 2028 Term Fund's value of 5.10% is 29.2% below this benchmark. While the company's 10-year median is 2.74 vs. the industry median of 7.20, DTF Tax-Freeome 2028 Term Fund has consistently been below 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 7.20, 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. DTF Tax-Freeome 2028 Term Fund's current Return-on-Tangible-Equity of 5.10% is 29.2% below 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 DTF Tax-Freeome 2028 Term Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DTF Tax-Freeome 2028 Term Fund's current Return-on-Tangible-Equity is 5.10%, which is 86% above median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTF Tax-Freeome 2028 Term Fund stock overvalued right now?
DTF Tax-Freeome 2028 Term Fund (DTF) has a current Return-on-Tangible-Equity of 5.10%. The current Return-on-Tangible-Equity is 5.10%, which is 86% above median its 10-year median of 2.74 and 29.2% below the Asset Management industry median of 7.20. DTF Tax-Freeome 2028 Term Fund's overall GF Score™ is 35/100 with 7 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 DTF Tax-Freeome 2028 Term Fund (DTF), the current Return-on-Tangible-Equity is 5.10% as of Oct. 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.
DTF Tax-Freeome 2028 Term Fund Business Description
DTF Tax-Free Income 2028 Term Fund Inc is a diversified closed-end management investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It seeks to achieve its investment objective by investing mainly in a diversified portfolio of investment-grade tax-exempt obligations.
35GF Score
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