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Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) 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.
Voya Global Equity Dividend and Premium Opportunity Fund Return-on-Tangible-Equity Related Terms
Voya Global Equity Dividend and Premium Opportunity 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.
Voya Global Equity Dividend and Premium Opportunity Fund Return-on-Tangible-Equity Chart
Voya Global Equity Dividend and Premium Opportunity Fund Annual Data
* 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.
Voya Global Equity Dividend and Premium Opportunity Fund Return-on-Tangible-Equity vs Asset Management Industry
* 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.79% mean?
Voya Global Equity Dividend and Premium Opportunity Fund (IGD) has a Return-on-Tangible-Equity of 12.79% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Voya Global Equity Dividend and Premium Opportunity Fund and its competitors. This is 97% above median its historical median of 6.48. According to the industry distribution chart, Voya Global Equity Dividend and Premium Opportunity Fund ranks #571 out of 1588 companies in the Asset Management industry, placing it in the top 36%.
Is Voya Global Equity Dividend and Premium Opportunity Fund's Return-on-Tangible-Equity too high?
Voya Global Equity Dividend and Premium Opportunity Fund's current Return-on-Tangible-Equity of 12.79% is 97% above median its 10-year median of 6.48. The Asset Management industry median Return-on-Tangible-Equity is 7.43. Voya Global Equity Dividend and Premium Opportunity Fund's value of 12.79% is 72.1% above this industry median. Based on the distribution chart, Voya Global Equity Dividend and Premium Opportunity Fund ranks #571 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Voya Global Equity Dividend and Premium Opportunity Fund has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Voya Global Equity Dividend and Premium Opportunity Fund's Return-on-Tangible-Equity compare to BGB and WIW?
According to the Asset Management industry distribution chart, Voya Global Equity Dividend and Premium Opportunity Fund ranks #571 out of 1588 companies for Return-on-Tangible-Equity. This puts Voya Global Equity Dividend and Premium Opportunity Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.43. Voya Global Equity Dividend and Premium Opportunity Fund's value of 12.79% is 72.1% above this benchmark. While the company's 10-year median is 6.48 vs. the industry median of 7.43, Voya Global Equity Dividend and Premium Opportunity 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 7.43, 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. Voya Global Equity Dividend and Premium Opportunity Fund's current Return-on-Tangible-Equity of 12.79% is 72.1% 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 Voya Global Equity Dividend and Premium Opportunity Fund 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. Voya Global Equity Dividend and Premium Opportunity Fund's current Return-on-Tangible-Equity is 12.79%, which is 97% above median its own 10-year median of 6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Global Equity Dividend and Premium Opportunity Fund stock overvalued right now?
Based on GuruFocus' analysis, Voya Global Equity Dividend and Premium Opportunity Fund (IGD) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.72, compared to a current price of $6.62 — trading 24.1% below its estimated fair value. The current Return-on-Tangible-Equity is 12.79%, which is 97% above median its 10-year median of 6.48 and 72.1% above the Asset Management industry median of 7.43. Voya Global Equity Dividend and Premium Opportunity Fund's overall GF Score™ is 76/100 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 Voya Global Equity Dividend and Premium Opportunity Fund (IGD), the current Return-on-Tangible-Equity is 12.79% as of Feb. 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 Voya Global Equity Dividend and Premium Opportunity Fund (IGD) Overvalued in 2026?
Based on GuruFocus' analysis, Voya Global Equity Dividend and Premium Opportunity Fund stock appears to be undervalued.
The current stock price of $6.62 is trading 24.1% below its estimated GF Value™ of $8.72.
GuruFocus considers Voya Global Equity Dividend and Premium Opportunity Fund to be Modestly Undervalued.
Key valuation signals for IGD:
Return-on-Tangible-Equity: 12.79% (97% above median its 10-year median of 6.48)
GF Value™: $8.72 vs. price of $6.62 (24.1% below fair value)
Industry Position: 72.1% above the Asset Management median (#571 of 1588)
No single metric tells the full story. See the IGD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Voya Global Equity Dividend and Premium Opportunity Fund are a United States-based diversified, closed-end Fund. The primary objective of the Fund is to seek to provide investors with a high level of income from a portfolio of common stocks with historically attractive dividend yields and premiums from call option writing. The secondary investment objective of the company is capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a portfolio of common stocks of dividend-paying companies located throughout the world.
76GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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