Virtus AllianzGI Equitynvertibleome FundNIE -0.34%59 Return-on-Tangible-Equity is 20.57% as of Jan. 2026, which is 36% above its 10-year median of 15.10. GuruFocus rates NIE with a GF Score™ of 59/100 and a GF Value™ of $27.68 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,588 Asset Management companies, Virtus AllianzGI Equitynvertibleome Fund ranks better than 70.91% on this metric.
NIE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.83 Med: 15.1 Max: 27.03
Current: 15.2
During the past 9 years, Virtus AllianzGI Equitynvertibleome Fund's highest Return-on-Tangible-Equity was 27.03%. The lowest was -14.83%. And the median was 15.10%.
NIE's Return-on-Tangible-Equity is ranked better than 70.91% of 1588
companies
in the Asset Management industry
Industry Median: 7.205
vs NIE: 15.20
Virtus AllianzGI Equitynvertibleome Fund (NYSE:NIE) 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.
Virtus AllianzGI Equitynvertibleome Fund Return-on-Tangible-Equity Related Terms
Virtus AllianzGI Equitynvertibleome 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.
Virtus AllianzGI Equitynvertibleome Fund Return-on-Tangible-Equity Chart
Virtus AllianzGI Equitynvertibleome Fund Annual Data
NIE vs PFLT, MYI, FDUS: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Virtus AllianzGI Equitynvertibleome 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.
Virtus AllianzGI Equitynvertibleome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus AllianzGI Equitynvertibleome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Virtus AllianzGI Equitynvertibleome 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 20.57% mean?
Virtus AllianzGI Equitynvertibleome Fund (NIE) has a Return-on-Tangible-Equity of 20.57% 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 Virtus AllianzGI Equitynvertibleome Fund and its competitors. This is 36% above median its historical median of 15.10. According to the industry distribution chart, Virtus AllianzGI Equitynvertibleome Fund ranks #462 out of 1588 companies in the Asset Management industry, placing it in the top 29.1%.
Is Virtus AllianzGI Equitynvertibleome Fund's Return-on-Tangible-Equity too high?
Virtus AllianzGI Equitynvertibleome Fund's current Return-on-Tangible-Equity of 20.57% is 36% above median its 10-year median of 15.10. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Virtus AllianzGI Equitynvertibleome Fund's value of 20.57% is 185.5% above this industry median. Based on the distribution chart, Virtus AllianzGI Equitynvertibleome Fund ranks #462 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Virtus AllianzGI Equitynvertibleome Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Virtus AllianzGI Equitynvertibleome Fund's Return-on-Tangible-Equity compare to PFLT and MYI?
According to the Asset Management industry distribution chart, Virtus AllianzGI Equitynvertibleome Fund ranks #462 out of 1588 companies for Return-on-Tangible-Equity. This puts Virtus AllianzGI Equitynvertibleome Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Virtus AllianzGI Equitynvertibleome Fund's value of 20.57% is 185.5% above this benchmark. While the company's 10-year median is 15.10 vs. the industry median of 7.21, Virtus AllianzGI Equitynvertibleome 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 7.21, 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. Virtus AllianzGI Equitynvertibleome Fund's current Return-on-Tangible-Equity of 20.57% is 185.5% 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 Virtus AllianzGI Equitynvertibleome Fund 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. Virtus AllianzGI Equitynvertibleome Fund's current Return-on-Tangible-Equity is 20.57%, which is 36% above median its own 10-year median of 15.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus AllianzGI Equitynvertibleome Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus AllianzGI Equitynvertibleome Fund (NIE) is currently considered Fairly Valued. The stock's GF Value™ is $27.68, compared to a current price of $26.18 — trading 5.4% below its estimated fair value. The current Return-on-Tangible-Equity is 20.57%, which is 36% above median its 10-year median of 15.10 and 185.5% above the Asset Management industry median of 7.21. Virtus AllianzGI Equitynvertibleome Fund's overall GF Score™ is 59/100 with 5 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 Virtus AllianzGI Equitynvertibleome Fund (NIE), the current Return-on-Tangible-Equity is 20.57% 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 Virtus AllianzGI Equitynvertibleome Fund (NIE) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus AllianzGI Equitynvertibleome Fund stock appears to be undervalued.
The current stock price of $26.18 is trading 5.4% below its estimated GF Value™ of $27.68.
GuruFocus considers Virtus AllianzGI Equitynvertibleome Fund to be Fairly Valued.
Key valuation signals for NIE:
Return-on-Tangible-Equity: 20.57% (36% above median its 10-year median of 15.10)
GF Value™: $27.68 vs. price of $26.18 (5.4% below fair value)
Industry Position: 185.5% above the Asset Management median (#462 of 1588)
No single metric tells the full story. See the NIE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus AllianzGI Equitynvertibleome Fund Business Description
Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. The investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The fund pursues its objective by investing in a diversified portfolio of equity securities and income-producing convertible securities. Its portfolio of investments comprises different sector investments, such as aerospace and defense, banks, IT services, software, and others.
59GF Score
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