First Trust Inter Dur Pref&ome FundFPF +0.22%31 Return-on-Tangible-Equity is 23.67% as of Oct. 2025, which is 138% above its 10-year median of 9.93. GuruFocus rates FPF with a GF Score™ of 31/100. The stock has 9 warning signs investors should review. Among 1,588 Asset Management companies, First Trust Inter Dur Pref&ome Fund ranks better than 60.77% on this metric.
The historical rank and industry rank for First Trust Inter Dur Pref&ome Fund's Return-on-Tangible-Equity or its related term are showing as below:
FPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -22.87 Med: 9.93 Max: 24.94
Current: 10.15
During the past 9 years, First Trust Inter Dur Pref&ome Fund's highest Return-on-Tangible-Equity was 24.94%. The lowest was -22.87%. And the median was 9.93%.
FPF's Return-on-Tangible-Equity is ranked better than 60.77% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs FPF: 10.15
First Trust Inter Dur Pref&ome Fund (NYSE:FPF) 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.
First Trust Inter Dur Pref&ome Fund Return-on-Tangible-Equity Related Terms
First Trust Inter Dur Pref&ome 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.
First Trust Inter Dur Pref&ome Fund Return-on-Tangible-Equity Chart
FPF vs EVV, AOD, GSBD: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, First Trust Inter Dur Pref&ome 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.
First Trust Inter Dur Pref&ome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Trust Inter Dur Pref&ome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where First Trust Inter Dur Pref&ome 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 (Oct. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.67% mean?
First Trust Inter Dur Pref&ome Fund (FPF) has a Return-on-Tangible-Equity of 23.67% as of Oct. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on First Trust Inter Dur Pref&ome Fund and its competitors. This is 138% above median its historical median of 9.93. According to the industry distribution chart, First Trust Inter Dur Pref&ome Fund ranks #623 out of 1588 companies in the Asset Management industry, placing it in the top 39.2%.
Is First Trust Inter Dur Pref&ome Fund's Return-on-Tangible-Equity too high?
First Trust Inter Dur Pref&ome Fund's current Return-on-Tangible-Equity of 23.67% is 138% above median its 10-year median of 9.93. The Asset Management industry median Return-on-Tangible-Equity is 7.17. First Trust Inter Dur Pref&ome Fund's value of 23.67% is 230.4% above this industry median. Based on the distribution chart, First Trust Inter Dur Pref&ome Fund ranks #623 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, First Trust Inter Dur Pref&ome Fund has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does First Trust Inter Dur Pref&ome Fund's Return-on-Tangible-Equity compare to EVV and AOD?
According to the Asset Management industry distribution chart, First Trust Inter Dur Pref&ome Fund ranks #623 out of 1588 companies for Return-on-Tangible-Equity. This puts First Trust Inter Dur Pref&ome Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.17. First Trust Inter Dur Pref&ome Fund's value of 23.67% is 230.4% above this benchmark. While the company's 10-year median is 9.93 vs. the industry median of 7.17, First Trust Inter Dur Pref&ome 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 7.17, 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. First Trust Inter Dur Pref&ome Fund's current Return-on-Tangible-Equity of 23.67% is 230.4% 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 First Trust Inter Dur Pref&ome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Trust Inter Dur Pref&ome Fund's current Return-on-Tangible-Equity is 23.67%, which is 138% above median its own 10-year median of 9.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Inter Dur Pref&ome Fund stock overvalued right now?
First Trust Inter Dur Pref&ome Fund (FPF) has a current Return-on-Tangible-Equity of 23.67%. The current Return-on-Tangible-Equity is 23.67%, which is 138% above median its 10-year median of 9.93 and 230.4% above the Asset Management industry median of 7.17. First Trust Inter Dur Pref&ome Fund's overall GF Score™ is 31/100 with 9 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 First Trust Inter Dur Pref&ome Fund (FPF), the current Return-on-Tangible-Equity is 23.67% as of Oct. 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.
First Trust Inter Dur Pref&ome Fund Business Description
First Trust Inter Dur Pref& Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek a high level of current income. Further, it has a secondary objective of capital appreciation. The Fund invests in the traditional preferred securities, hybrid preferred securities, floating rate & fixed-to-floating rate preferred securities, debt securities, convertible securities, and contingent convertible securities issued by U.S. and non-U.S. companies. Its investment portfolio includes industries such as Banks, Insurance, Capital Markets, Electric Utilities, Oil, Gas & Consumable Fuels, Food Products, and others.
31GF Score
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