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Canoe EITome FundENDTF +36.59%58 Return-on-Tangible-Equity is 13.02% as of Dec. 2025, which is 4% above its 10-year median of 12.54. GuruFocus rates ENDTF with a GF Score™ of 58/100 and a GF Value™ of $7.39. The stock has 6 warning signs investors should review. Among 1,591 Asset Management companies, Canoe EITome Fund ranks better than 65.3% 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. Canoe EITome Fund's annualized net income for the quarter that ended in Dec. 2025 was $282.3 Mil. Canoe EITome Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $2,167.5 Mil. Therefore, Canoe EITome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.02%.
The historical rank and industry rank for Canoe EITome Fund's Return-on-Tangible-Equity or its related term are showing as below:
ENDTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.34 Med: 12.54 Max: 36.68
Current: 12.58
During the past 13 years, Canoe EITome Fund's highest Return-on-Tangible-Equity was 36.68%. The lowest was -6.34%. And the median was 12.54%.
ENDTF's Return-on-Tangible-Equity is ranked better than 65.3% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs ENDTF: 12.58
Canoe EITome Fund (OTCPK:ENDTF) 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.
Canoe EITome Fund Return-on-Tangible-Equity Related Terms
Canoe EITome Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Canoe EITome Fund's Return-on-Tangible-Equity can be seen below:
* 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.
ENDTF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Canoe EITome 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.
Canoe EITome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Canoe EITome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Canoe EITome 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.02% mean?
Canoe EITome Fund (ENDTF) has a Return-on-Tangible-Equity of 13.02% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Canoe EITome Fund and its competitors. This is near median its historical median of 12.54. According to the industry distribution chart, Canoe EITome Fund ranks #552 out of 1591 companies in the Asset Management industry, placing it in the top 34.7%.
Is Canoe EITome Fund's Return-on-Tangible-Equity too high?
Canoe EITome Fund's current Return-on-Tangible-Equity of 13.02% is near median its 10-year median of 12.54. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Canoe EITome Fund's value of 13.02% is 80.6% above this industry median. Based on the distribution chart, Canoe EITome Fund ranks #552 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. Overall, Canoe EITome Fund has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Canoe EITome Fund's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Canoe EITome Fund ranks #552 out of 1591 companies for Return-on-Tangible-Equity. This puts Canoe EITome Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Canoe EITome Fund's value of 13.02% is 80.6% above this benchmark. While the company's 10-year median is 12.54 vs. the industry median of 7.21, Canoe EITome 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 1,591 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. Canoe EITome Fund's current Return-on-Tangible-Equity of 13.02% is 80.6% 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 Canoe EITome 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. Canoe EITome Fund's current Return-on-Tangible-Equity is 13.02%, which is near median its own 10-year median of 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoe EITome Fund stock overvalued right now?
Canoe EITome Fund (ENDTF) has a current Return-on-Tangible-Equity of 13.02%. The stock's GF Value™ is $7.39, compared to a current price of $12.43 — trading 68.2% above its estimated fair value. The current Return-on-Tangible-Equity is 13.02%, which is near median its 10-year median of 12.54 and 80.6% above the Asset Management industry median of 7.21. Canoe EITome Fund's overall GF Score™ is 58/100 with 6 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 Canoe EITome Fund (ENDTF), the current Return-on-Tangible-Equity is 13.02% as of Dec. 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.
Is Canoe EITome Fund (ENDTF) Overvalued in 2026?
Based on GuruFocus' analysis, Canoe EITome Fund stock appears to be overvalued.
The current stock price of $12.43 is trading 68.2% above its estimated GF Value™ of $7.39.
Key valuation signals for ENDTF:
Return-on-Tangible-Equity: 13.02% (near median its 10-year median of 12.54)
GF Value™: $7.39 vs. price of $12.43 (68.2% above fair value)
Industry Position: 80.6% above the Asset Management median (#552 of 1591)
No single metric tells the full story. See the ENDTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canoe EIT Income Fund is a Canadian closed-end investment trust. Its investment objective is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio of high quality securities. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.
58GF Score
Get the complete analysis for ENDTF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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