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Western Asset Global Defined OppGDO +0.19%51 Return-on-Tangible-Equity is 4.15% as of Apr. 2026, which is 45% below its 10-year median of 7.55. GuruFocus rates GDO with a GF Score™ of 51/100 and a GF Value™ of $10.90 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,590 Asset Management companies, Western Asset Global Defined Opp ranks better than 60.38% on this metric.
The historical rank and industry rank for Western Asset Global Defined Opp's Return-on-Tangible-Equity or its related term are showing as below:
GDO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.48 Med: 7.55 Max: 22.1
Current: 10.2
During the past 9 years, Western Asset Global Defined Opp's highest Return-on-Tangible-Equity was 22.10%. The lowest was -27.48%. And the median was 7.55%.
GDO's Return-on-Tangible-Equity is ranked better than 60.38% of 1590
companies
in the Asset Management industry
Industry Median: 7.21
vs GDO: 10.20
Western Asset Global Defined Opp (NYSE:GDO) 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.
Western Asset Global Defined Opp Return-on-Tangible-Equity Related Terms
Western Asset Global Defined 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.
Western Asset Global Defined Opp Return-on-Tangible-Equity Chart
GDO vs GLV, DTF, HNNA: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Western Asset Global Defined 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.
Western Asset Global Defined Opp Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Global Defined Opp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Western Asset Global Defined 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 (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 4.15% mean?
Western Asset Global Defined Opp (GDO) has a Return-on-Tangible-Equity of 4.15% 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 Western Asset Global Defined Opp and its competitors. This is 45% below median its historical median of 7.55. According to the industry distribution chart, Western Asset Global Defined Opp ranks #630 out of 1590 companies in the Asset Management industry, placing it in the top 39.6%.
Is Western Asset Global Defined Opp's Return-on-Tangible-Equity too high?
Western Asset Global Defined Opp's current Return-on-Tangible-Equity of 4.15% is 45% below median its 10-year median of 7.55. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Western Asset Global Defined Opp's value of 4.15% is 42.4% below this industry median. Based on the distribution chart, Western Asset Global Defined Opp ranks #630 out of 1590 companies in the Asset Management industry, which is above the industry midpoint. Overall, Western Asset Global Defined Opp has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Global Defined Opp's Return-on-Tangible-Equity compare to GLV and DTF?
According to the Asset Management industry distribution chart, Western Asset Global Defined Opp ranks #630 out of 1590 companies for Return-on-Tangible-Equity. This puts Western Asset Global Defined Opp in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Western Asset Global Defined Opp's value of 4.15% is 42.4% below this benchmark. While the company's 10-year median is 7.55 vs. the industry median of 7.21, Western Asset Global Defined Opp 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 1,590 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. Western Asset Global Defined Opp's current Return-on-Tangible-Equity of 4.15% is 42.4% 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 Western Asset Global Defined 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. Western Asset Global Defined Opp's current Return-on-Tangible-Equity is 4.15%, which is 45% below median its own 10-year median of 7.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Global Defined Opp stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Global Defined Opp (GDO) is currently considered Fairly Valued. The stock's GF Value™ is $10.90, compared to a current price of $10.53 — trading 3.4% below its estimated fair value. The current Return-on-Tangible-Equity is 4.15%, which is 45% below median its 10-year median of 7.55 and 42.4% below the Asset Management industry median of 7.21. Western Asset Global Defined Opp's overall GF Score™ is 51/100 with 3 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 Western Asset Global Defined Opp (GDO), the current Return-on-Tangible-Equity is 4.15% 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 Western Asset Global Defined Opp (GDO) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Global Defined Opp stock appears to be undervalued.
The current stock price of $10.53 is trading 3.4% below its estimated GF Value™ of $10.90.
GuruFocus considers Western Asset Global Defined Opp to be Fairly Valued.
Key valuation signals for GDO:
Return-on-Tangible-Equity: 4.15% (45% below median its 10-year median of 7.55)
GF Value™: $10.90 vs. price of $10.53 (3.4% below fair value)
Industry Position: 42.4% below the Asset Management median (#630 of 1590)
No single metric tells the full story. See the GDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Global Defined Opp Business Description
Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income. Its secondary objective is to seek capital appreciation. The Fund invests in the United States and foreign corporate fixed-income securities of varying maturities.
51GF Score
Get the complete analysis for GDO
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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