PGIM High Yield FundISD +0.08%57 Return-on-Tangible-Equity is 11.60% as of Jan. 2026, which is 125% above its 10-year median of 5.15. GuruFocus rates ISD with a GF Score™ of 57/100 and a GF Value™ of $18.16 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,588 Asset Management companies, PGIM High Yield Fund ranks better than 65.3% 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. PGIM High Yield Fund's annualized net income for the quarter that ended in Jan. 2026 was $58.76 Mil. PGIM High Yield Fund's average shareholder tangible equity for the quarter that ended in Jan. 2026 was $506.54 Mil. Therefore, PGIM High Yield Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 11.60%.
The historical rank and industry rank for PGIM High Yield Fund's Return-on-Tangible-Equity or its related term are showing as below:
ISD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.6 Med: 5.15 Max: 20.82
Current: 12.23
During the past 8 years, PGIM High Yield Fund's highest Return-on-Tangible-Equity was 20.82%. The lowest was -9.60%. And the median was 5.15%.
ISD's Return-on-Tangible-Equity is ranked better than 65.3% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ISD: 12.23
PGIM High Yield Fund (NYSE:ISD) 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.
PGIM High Yield Fund Return-on-Tangible-Equity Related Terms
PGIM High Yield Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PGIM High Yield Fund's Return-on-Tangible-Equity can be seen below:
* 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.
PGIM High Yield Fund Return-on-Tangible-Equity Chart
ISD vs GLAD, HPI, FINS: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, PGIM High Yield 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.
PGIM High Yield Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PGIM High Yield Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PGIM High Yield 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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.60% mean?
PGIM High Yield Fund (ISD) has a Return-on-Tangible-Equity of 11.60% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PGIM High Yield Fund and its competitors. This is 125% above median its historical median of 5.15. According to the industry distribution chart, PGIM High Yield Fund ranks #551 out of 1588 companies in the Asset Management industry, placing it in the top 34.7%.
Is PGIM High Yield Fund's Return-on-Tangible-Equity too high?
PGIM High Yield Fund's current Return-on-Tangible-Equity of 11.60% is 125% above median its 10-year median of 5.15. The Asset Management industry median Return-on-Tangible-Equity is 7.19. PGIM High Yield Fund's value of 11.60% is 61.3% above this industry median. Based on the distribution chart, PGIM High Yield Fund ranks #551 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, PGIM High Yield Fund has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PGIM High Yield Fund's Return-on-Tangible-Equity compare to GLAD and HPI?
According to the Asset Management industry distribution chart, PGIM High Yield Fund ranks #551 out of 1588 companies for Return-on-Tangible-Equity. This puts PGIM High Yield Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. PGIM High Yield Fund's value of 11.60% is 61.3% above this benchmark. While the company's 10-year median is 5.15 vs. the industry median of 7.19, PGIM High Yield 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 7.19, 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. PGIM High Yield Fund's current Return-on-Tangible-Equity of 11.60% is 61.3% 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 PGIM High Yield Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PGIM High Yield Fund's current Return-on-Tangible-Equity is 11.60%, which is 125% above median its own 10-year median of 5.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PGIM High Yield Fund stock overvalued right now?
Based on GuruFocus' analysis, PGIM High Yield Fund (ISD) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.16, compared to a current price of $12.98 — trading 28.5% below its estimated fair value. The current Return-on-Tangible-Equity is 11.60%, which is 125% above median its 10-year median of 5.15 and 61.3% above the Asset Management industry median of 7.19. PGIM High Yield Fund's overall GF Score™ is 57/100 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 PGIM High Yield Fund (ISD), the current Return-on-Tangible-Equity is 11.60% as of Jan. 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 PGIM High Yield Fund (ISD) Overvalued in 2026?
Based on GuruFocus' analysis, PGIM High Yield Fund stock appears to be undervalued.
The current stock price of $12.98 is trading 28.5% below its estimated GF Value™ of $18.16.
GuruFocus considers PGIM High Yield Fund to be Modestly Undervalued.
Key valuation signals for ISD:
Return-on-Tangible-Equity: 11.60% (125% above median its 10-year median of 5.15)
GF Value™: $18.16 vs. price of $12.98 (28.5% below fair value)
Industry Position: 61.3% above the Asset Management median (#551 of 1588)
No single metric tells the full story. See the ISD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PGIM High Yield Fund Inc is a diversified, closed-end management investment company, active in the financial services domain. The fund's primary investment objective is to provide a high level of current income, with its secondary objective being capital appreciation. It invests at least eighty percent of its investable assets in a diversified portfolio of high-yield fixed-income instruments that are rated below investment grade with varying maturities and other investments.
57GF Score
Get the complete analysis for ISD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISD has been successfully added to your 
