Morgan Stanley Emerg Mkts Debt FdMSD 61 Return-on-Tangible-Equity is 17.80% as of Dec. 2025, which is 91% above its 10-year median of 9.34. GuruFocus rates MSD with a GF Score™ of 61/100 and a GF Value™ of $9.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,588 Asset Management companies, Morgan Stanley Emerg Mkts Debt Fd ranks better than 68.39% on this metric.
The historical rank and industry rank for Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity or its related term are showing as below:
MSD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.13 Med: 9.34 Max: 13.68
Current: 13.68
During the past 9 years, Morgan Stanley Emerg Mkts Debt Fd's highest Return-on-Tangible-Equity was 13.68%. The lowest was -21.13%. And the median was 9.34%.
MSD's Return-on-Tangible-Equity is ranked better than 68.39% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs MSD: 13.68
Morgan Stanley Emerg Mkts Debt Fd (NYSE:MSD) 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.
Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity Related Terms
Morgan Stanley Emerg Mkts Debt 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.
Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity Chart
MSD vs IGA, PFD, PIM: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt 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.
Morgan Stanley Emerg Mkts Debt Fd Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Morgan Stanley Emerg Mkts Debt 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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.80% mean?
Morgan Stanley Emerg Mkts Debt Fd (MSD) has a Return-on-Tangible-Equity of 17.80% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Morgan Stanley Emerg Mkts Debt Fd and its competitors. This is 91% above median its historical median of 9.34. According to the industry distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #502 out of 1588 companies in the Asset Management industry, placing it in the top 31.6%.
Is Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity too high?
Morgan Stanley Emerg Mkts Debt Fd's current Return-on-Tangible-Equity of 17.80% is 91% above median its 10-year median of 9.34. The Asset Management industry median Return-on-Tangible-Equity is 7.17. Morgan Stanley Emerg Mkts Debt Fd's value of 17.80% is 148.4% above this industry median. Based on the distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #502 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Morgan Stanley Emerg Mkts Debt Fd has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley Emerg Mkts Debt Fd's Return-on-Tangible-Equity compare to IGA and PFD?
According to the Asset Management industry distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #502 out of 1588 companies for Return-on-Tangible-Equity. This puts Morgan Stanley Emerg Mkts Debt Fd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.17. Morgan Stanley Emerg Mkts Debt Fd's value of 17.80% is 148.4% above this benchmark. While the company's 10-year median is 9.34 vs. the industry median of 7.17, Morgan Stanley Emerg Mkts Debt Fd 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. Morgan Stanley Emerg Mkts Debt Fd's current Return-on-Tangible-Equity of 17.80% is 148.4% 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 Morgan Stanley Emerg Mkts Debt Fd 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. Morgan Stanley Emerg Mkts Debt Fd's current Return-on-Tangible-Equity is 17.80%, which is 91% above median its own 10-year median of 9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley Emerg Mkts Debt Fd stock overvalued right now?
Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd (MSD) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.63, compared to a current price of $7.38 — trading 23.4% below its estimated fair value. The current Return-on-Tangible-Equity is 17.80%, which is 91% above median its 10-year median of 9.34 and 148.4% above the Asset Management industry median of 7.17. Morgan Stanley Emerg Mkts Debt Fd's overall GF Score™ is 61/100 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 Morgan Stanley Emerg Mkts Debt Fd (MSD), the current Return-on-Tangible-Equity is 17.80% as of Dec. 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.
Is Morgan Stanley Emerg Mkts Debt Fd (MSD) Overvalued in 2026?
Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd stock appears to be undervalued.
The current stock price of $7.38 is trading 23.4% below its estimated GF Value™ of $9.63.
GuruFocus considers Morgan Stanley Emerg Mkts Debt Fd to be Modestly Undervalued.
Key valuation signals for MSD:
Return-on-Tangible-Equity: 17.80% (91% above median its 10-year median of 9.34)
GF Value™: $9.63 vs. price of $7.38 (23.4% below fair value)
Industry Position: 148.4% above the Asset Management median (#502 of 1588)
No single metric tells the full story. See the MSD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morgan Stanley Emerg Mkts Debt Fd Business Description
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
61GF Score
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