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Eaton Vance Tax-advtgd Global Divid OppoETO +0.36%53 Return-on-Tangible-Equity is 17.80% as of Apr. 2026, which is 7% above its 10-year median of 16.67. GuruFocus rates ETO with a GF Score™ of 53/100 and a GF Value™ of $55.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,588 Asset Management companies, Eaton Vance Tax-advtgd Global Divid Oppo ranks better than 84.38% on this metric.
ETO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.36 Med: 16.67 Max: 39.53
Current: 27.92
During the past 9 years, Eaton Vance Tax-advtgd Global Divid Oppo's highest Return-on-Tangible-Equity was 39.53%. The lowest was -27.36%. And the median was 16.67%.
ETO's Return-on-Tangible-Equity is ranked better than 84.38% of 1588
companies
in the Asset Management industry
Industry Median: 7.43
vs ETO: 27.92
Eaton Vance Tax-advtgd Global Divid Oppo (NYSE:ETO) 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.
Eaton Vance Tax-advtgd Global Divid Oppo Return-on-Tangible-Equity Related Terms
Eaton Vance Tax-advtgd Global Divid Oppo 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.
Eaton Vance Tax-advtgd Global Divid Oppo Return-on-Tangible-Equity Chart
Eaton Vance Tax-advtgd Global Divid Oppo Annual Data
ETO vs EIM, TWN, BLW: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Eaton Vance Tax-advtgd Global Divid Oppo'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.
Eaton Vance Tax-advtgd Global Divid Oppo Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-advtgd Global Divid Oppo's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-advtgd Global Divid Oppo'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 17.80% mean?
Eaton Vance Tax-advtgd Global Divid Oppo (ETO) has a Return-on-Tangible-Equity of 17.80% 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 Eaton Vance Tax-advtgd Global Divid Oppo and its competitors. This is near median its historical median of 16.67. According to the industry distribution chart, Eaton Vance Tax-advtgd Global Divid Oppo ranks #248 out of 1588 companies in the Asset Management industry, placing it in the top 15.6%.
Is Eaton Vance Tax-advtgd Global Divid Oppo's Return-on-Tangible-Equity too high?
Eaton Vance Tax-advtgd Global Divid Oppo's current Return-on-Tangible-Equity of 17.80% is near median its 10-year median of 16.67. The Asset Management industry median Return-on-Tangible-Equity is 7.43. Eaton Vance Tax-advtgd Global Divid Oppo's value of 17.80% is 139.6% above this industry median. Based on the distribution chart, Eaton Vance Tax-advtgd Global Divid Oppo ranks #248 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax-advtgd Global Divid Oppo has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-advtgd Global Divid Oppo's Return-on-Tangible-Equity compare to EIM and TWN?
According to the Asset Management industry distribution chart, Eaton Vance Tax-advtgd Global Divid Oppo ranks #248 out of 1588 companies for Return-on-Tangible-Equity. This places Eaton Vance Tax-advtgd Global Divid Oppo in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.43. Eaton Vance Tax-advtgd Global Divid Oppo's value of 17.80% is 139.6% above this benchmark. While the company's 10-year median is 16.67 vs. the industry median of 7.43, Eaton Vance Tax-advtgd Global Divid Oppo 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 7.43, 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. Eaton Vance Tax-advtgd Global Divid Oppo's current Return-on-Tangible-Equity of 17.80% is 139.6% 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 Eaton Vance Tax-advtgd Global Divid Oppo and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Tax-advtgd Global Divid Oppo's current Return-on-Tangible-Equity is 17.80%, which is near median its own 10-year median of 16.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Tax-advtgd Global Divid Oppo stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-advtgd Global Divid Oppo (ETO) is currently considered Possible Value Trap. The stock's GF Value™ is $55.24, compared to a current price of $31.64 — trading 42.7% below its estimated fair value. The current Return-on-Tangible-Equity is 17.80%, which is near median its 10-year median of 16.67 and 139.6% above the Asset Management industry median of 7.43. Eaton Vance Tax-advtgd Global Divid Oppo's overall GF Score™ is 53/100 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 Eaton Vance Tax-advtgd Global Divid Oppo (ETO), the current Return-on-Tangible-Equity is 17.80% 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.
Is Eaton Vance Tax-advtgd Global Divid Oppo (ETO) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-advtgd Global Divid Oppo stock appears to be undervalued.
The current stock price of $31.64 is trading 42.7% below its estimated GF Value™ of $55.24.
GuruFocus considers Eaton Vance Tax-advtgd Global Divid Oppo to be Possible Value Trap.
Key valuation signals for ETO:
Return-on-Tangible-Equity: 17.80% (near median its 10-year median of 16.67)
GF Value™: $55.24 vs. price of $31.64 (42.7% below fair value)
Industry Position: 139.6% above the Asset Management median (#248 of 1588)
No single metric tells the full story. See the ETO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-advtgd Global Divid Oppo is a diversified, closed-end management investment company. Its investment objective is to provide a high level of after-tax total return consisting of tax-advantaged dividend income and capital appreciation. The fund pursues its objective by investing in dividend-paying common and preferred stocks. The portfolio of investments consists of capital markets, chemicals, diversified, beverages, banks, electric utilities, oil, gas, and consumable fuels, personal products, and other areas.
53GF Score
Get the complete analysis for ETO
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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