Allspring Utilities and Highome FundERH +1.00%32 Return-on-Tangible-Equity is 23.13% as of Feb. 2026, which is 123% above its 10-year median of 10.35. GuruFocus rates ERH with a GF Score™ of 32/100. The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Allspring Utilities and Highome Fund ranks better than 77.14% on this metric.
The historical rank and industry rank for Allspring Utilities and Highome Fund's Return-on-Tangible-Equity or its related term are showing as below:
ERH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.06 Med: 10.35 Max: 19.12
Current: 19.12
During the past 13 years, Allspring Utilities and Highome Fund's highest Return-on-Tangible-Equity was 19.12%. The lowest was -12.06%. And the median was 10.35%.
ERH's Return-on-Tangible-Equity is ranked better than 77.14% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs ERH: 19.12
Allspring Utilities and Highome Fund (AMEX:ERH) 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.
Allspring Utilities and Highome Fund Return-on-Tangible-Equity Related Terms
Allspring Utilities and 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.
Allspring Utilities and Highome Fund Return-on-Tangible-Equity Chart
ERH vs SBI, ENDI, PCF: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Allspring Utilities and 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.
Allspring Utilities and Highome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Allspring Utilities and Highome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Allspring Utilities and 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.13% mean?
Allspring Utilities and Highome Fund (ERH) has a Return-on-Tangible-Equity of 23.13% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Allspring Utilities and Highome Fund and its competitors. This is 123% above median its historical median of 10.35. According to the industry distribution chart, Allspring Utilities and Highome Fund ranks #363 out of 1588 companies in the Asset Management industry, placing it in the top 22.9%.
Is Allspring Utilities and Highome Fund's Return-on-Tangible-Equity too high?
Allspring Utilities and Highome Fund's current Return-on-Tangible-Equity of 23.13% is 123% above median its 10-year median of 10.35. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Allspring Utilities and Highome Fund's value of 23.13% is 221% above this industry median. Based on the distribution chart, Allspring Utilities and Highome Fund ranks #363 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Allspring Utilities and Highome Fund has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Allspring Utilities and Highome Fund's Return-on-Tangible-Equity compare to SBI and ENDI?
According to the Asset Management industry distribution chart, Allspring Utilities and Highome Fund ranks #363 out of 1588 companies for Return-on-Tangible-Equity. This places Allspring Utilities and Highome Fund in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Allspring Utilities and Highome Fund's value of 23.13% is 221% above this benchmark. While the company's 10-year median is 10.35 vs. the industry median of 7.21, Allspring Utilities and 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 1,588 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. Allspring Utilities and Highome Fund's current Return-on-Tangible-Equity of 23.13% is 221% 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 Allspring Utilities and 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. Allspring Utilities and Highome Fund's current Return-on-Tangible-Equity is 23.13%, which is 123% above median its own 10-year median of 10.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allspring Utilities and Highome Fund stock overvalued right now?
Allspring Utilities and Highome Fund (ERH) has a current Return-on-Tangible-Equity of 23.13%. The current Return-on-Tangible-Equity is 23.13%, which is 123% above median its 10-year median of 10.35 and 221% above the Asset Management industry median of 7.21. Allspring Utilities and Highome Fund's overall GF Score™ is 32/100 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 Allspring Utilities and Highome Fund (ERH), the current Return-on-Tangible-Equity is 23.13% as of Feb. 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.
Allspring Utilities and Highome Fund Business Description
Allspring Utilities and High Income Fund is a diversified closed-end management investment company. Its investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company allocates a majority of its total assets to a sleeve that places a focus on common, preferred, and convertible preferred stocks of utility companies and the rest of its total assets to a sleeve of U.S. dollar denominated below investment grade (high yield) debt.
32GF Score
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