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Eaton Vance Tax-mgd Dvsf Eq FdETY +0.35%53 Return-on-Tangible-Equity is 6.78% as of Apr. 2026, which is 38% below its 10-year median of 11.01. GuruFocus rates ETY with a GF Score™ of 53/100 and a GF Value™ of $22.11 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,592 Asset Management companies, Eaton Vance Tax-mgd Dvsf Eq Fd ranks better than 75.57% 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. Eaton Vance Tax-mgd Dvsf Eq Fd's annualized net income for the quarter that ended in Apr. 2026 was $168.6 Mil. Eaton Vance Tax-mgd Dvsf Eq Fd's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $2,487.3 Mil. Therefore, Eaton Vance Tax-mgd Dvsf Eq Fd's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 6.78%.
The historical rank and industry rank for Eaton Vance Tax-mgd Dvsf Eq Fd's Return-on-Tangible-Equity or its related term are showing as below:
ETY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.71 Med: 11.01 Max: 32.65
Current: 18.39
During the past 9 years, Eaton Vance Tax-mgd Dvsf Eq Fd's highest Return-on-Tangible-Equity was 32.65%. The lowest was -14.71%. And the median was 11.01%.
ETY's Return-on-Tangible-Equity is ranked better than 75.57% of 1592
companies
in the Asset Management industry
Industry Median: 7.21
vs ETY: 18.39
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-mgd Dvsf Eq Fd Return-on-Tangible-Equity Related Terms
Eaton Vance Tax-mgd Dvsf Eq Fd 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.
ETY vs GOF, RVT, NMZ: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Eaton Vance Tax-mgd Dvsf Eq Fd'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-mgd Dvsf Eq Fd Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-mgd Dvsf Eq Fd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-mgd Dvsf Eq Fd'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 6.78% mean?
Eaton Vance Tax-mgd Dvsf Eq Fd (ETY) has a Return-on-Tangible-Equity of 6.78% 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-mgd Dvsf Eq Fd and its competitors. This is 38% below median its historical median of 11.01. According to the industry distribution chart, Eaton Vance Tax-mgd Dvsf Eq Fd ranks #389 out of 1592 companies in the Asset Management industry, placing it in the top 24.4%.
Is Eaton Vance Tax-mgd Dvsf Eq Fd's Return-on-Tangible-Equity too high?
Eaton Vance Tax-mgd Dvsf Eq Fd's current Return-on-Tangible-Equity of 6.78% is 38% below median its 10-year median of 11.01. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Eaton Vance Tax-mgd Dvsf Eq Fd's value of 6.78% is 6% below this industry median. Based on the distribution chart, Eaton Vance Tax-mgd Dvsf Eq Fd ranks #389 out of 1592 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax-mgd Dvsf Eq Fd 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-mgd Dvsf Eq Fd's Return-on-Tangible-Equity compare to GOF and RVT?
According to the Asset Management industry distribution chart, Eaton Vance Tax-mgd Dvsf Eq Fd ranks #389 out of 1592 companies for Return-on-Tangible-Equity. This places Eaton Vance Tax-mgd Dvsf Eq Fd in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.21. Eaton Vance Tax-mgd Dvsf Eq Fd's value of 6.78% is 6% below this benchmark. While the company's 10-year median is 11.01 vs. the industry median of 7.21, Eaton Vance Tax-mgd Dvsf Eq Fd 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 7.21, based on 1,592 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-mgd Dvsf Eq Fd's current Return-on-Tangible-Equity of 6.78% is 6% 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 Eaton Vance Tax-mgd Dvsf Eq Fd 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-mgd Dvsf Eq Fd's current Return-on-Tangible-Equity is 6.78%, which is 38% below median its own 10-year median of 11.01. 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-mgd Dvsf Eq Fd stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-mgd Dvsf Eq Fd (ETY) is currently considered Possible Value Trap. The stock's GF Value™ is $22.11, compared to a current price of $14.24 — trading 35.6% below its estimated fair value. The current Return-on-Tangible-Equity is 6.78%, which is 38% below median its 10-year median of 11.01 and 6% below the Asset Management industry median of 7.21. Eaton Vance Tax-mgd Dvsf Eq Fd's overall GF Score™ is 53/100 with 2 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-mgd Dvsf Eq Fd (ETY), the current Return-on-Tangible-Equity is 6.78% 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-mgd Dvsf Eq Fd (ETY) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-mgd Dvsf Eq Fd stock appears to be undervalued.
The current stock price of $14.24 is trading 35.6% below its estimated GF Value™ of $22.11.
GuruFocus considers Eaton Vance Tax-mgd Dvsf Eq Fd to be Possible Value Trap.
Key valuation signals for ETY:
Return-on-Tangible-Equity: 6.78% (38% below median its 10-year median of 11.01)
GF Value™: $22.11 vs. price of $14.24 (35.6% below fair value)
Industry Position: 6% below the Asset Management median (#389 of 1592)
No single metric tells the full story. See the ETY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-mgd Dvsf Eq Fd Business Description
Eaton Vance Tax-mgd Dvsf Eq Inc Fd is a 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. Its portfolio of investments consists of capital markets, banks, internet and direct marketing retail, biotechnology, media, oil, gas, and consumable fuels, and other sectors.
53GF Score
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