Eaton Vance Tax-Managed Buy-Write OppETV +0.07%59 Return-on-Tangible-Equity is 23.40% as of Dec. 2025, which is 62% above its 10-year median of 14.42. GuruFocus rates ETV with a GF Score™ of 59/100 and a GF Value™ of $12.29 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,589 Asset Management companies, Eaton Vance Tax-Managed Buy-Write Opp ranks better than 65.7% on this metric.
The historical rank and industry rank for Eaton Vance Tax-Managed Buy-Write Opp's Return-on-Tangible-Equity or its related term are showing as below:
ETV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.53 Med: 14.42 Max: 20.75
Current: 12.62
During the past 9 years, Eaton Vance Tax-Managed Buy-Write Opp's highest Return-on-Tangible-Equity was 20.75%. The lowest was -19.53%. And the median was 14.42%.
ETV's Return-on-Tangible-Equity is ranked better than 65.7% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs ETV: 12.62
Eaton Vance Tax-Managed Buy-Write Opp (NYSE:ETV) 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-Managed Buy-Write Opp Return-on-Tangible-Equity Related Terms
Eaton Vance Tax-Managed Buy-Write Opp 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-Managed Buy-Write Opp Return-on-Tangible-Equity Chart
ETV vs STEW, RQI, BST: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Eaton Vance Tax-Managed Buy-Write Opp'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-Managed Buy-Write Opp Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-Managed Buy-Write Opp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-Managed Buy-Write Opp'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 23.40% mean?
Eaton Vance Tax-Managed Buy-Write Opp (ETV) has a Return-on-Tangible-Equity of 23.40% 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 Eaton Vance Tax-Managed Buy-Write Opp and its competitors. This is 62% above median its historical median of 14.42. According to the industry distribution chart, Eaton Vance Tax-Managed Buy-Write Opp ranks #545 out of 1589 companies in the Asset Management industry, placing it in the top 34.3%.
Is Eaton Vance Tax-Managed Buy-Write Opp's Return-on-Tangible-Equity too high?
Eaton Vance Tax-Managed Buy-Write Opp's current Return-on-Tangible-Equity of 23.40% is 62% above median its 10-year median of 14.42. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Eaton Vance Tax-Managed Buy-Write Opp's value of 23.40% is 224.5% above this industry median. Based on the distribution chart, Eaton Vance Tax-Managed Buy-Write Opp ranks #545 out of 1589 companies in the Asset Management industry, which is above the industry midpoint. Overall, Eaton Vance Tax-Managed Buy-Write Opp has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-Managed Buy-Write Opp's Return-on-Tangible-Equity compare to STEW and RQI?
According to the Asset Management industry distribution chart, Eaton Vance Tax-Managed Buy-Write Opp ranks #545 out of 1589 companies for Return-on-Tangible-Equity. This puts Eaton Vance Tax-Managed Buy-Write Opp in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Eaton Vance Tax-Managed Buy-Write Opp's value of 23.40% is 224.5% above this benchmark. While the company's 10-year median is 14.42 vs. the industry median of 7.21, Eaton Vance Tax-Managed Buy-Write Opp 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 1,589 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-Managed Buy-Write Opp's current Return-on-Tangible-Equity of 23.40% is 224.5% 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-Managed Buy-Write Opp 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. Eaton Vance Tax-Managed Buy-Write Opp's current Return-on-Tangible-Equity is 23.40%, which is 62% above median its own 10-year median of 14.42. 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-Managed Buy-Write Opp stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Write Opp (ETV) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.29, compared to a current price of $15.03 — trading 22.3% above its estimated fair value. The current Return-on-Tangible-Equity is 23.40%, which is 62% above median its 10-year median of 14.42 and 224.5% above the Asset Management industry median of 7.21. Eaton Vance Tax-Managed Buy-Write Opp's overall GF Score™ is 59/100 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-Managed Buy-Write Opp (ETV), the current Return-on-Tangible-Equity is 23.40% 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 Eaton Vance Tax-Managed Buy-Write Opp (ETV) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Write Opp stock appears to be overvalued.
The current stock price of $15.03 is trading 22.3% above its estimated GF Value™ of $12.29.
GuruFocus considers Eaton Vance Tax-Managed Buy-Write Opp to be Modestly Overvalued.
Key valuation signals for ETV:
Return-on-Tangible-Equity: 23.40% (62% above median its 10-year median of 14.42)
GF Value™: $12.29 vs. price of $15.03 (22.3% above fair value)
Industry Position: 224.5% above the Asset Management median (#545 of 1589)
No single metric tells the full story. See the ETV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-Managed Buy-Write Opp Business Description
Eaton Vance Tax-Managed Buy-Write Opp is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks, designated segments of which seek to exceed the total return performance of the S&P 500 and the NASDAQ-100.
59GF Score
Get the complete analysis for ETV
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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