Putnam Master Intermediateome TrustPIM -0.62%52 Return-on-Tangible-Equity is 3.15% as of Mar. 2026, which is 20% below its 10-year median of 3.96. GuruFocus rates PIM with a GF Score™ of 52/100 and a GF Value™ of $3.28 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,587 Asset Management companies, Putnam Master Intermediateome Trust ranks worse than 52.43% on this metric.
The historical rank and industry rank for Putnam Master Intermediateome Trust's Return-on-Tangible-Equity or its related term are showing as below:
PIM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.87 Med: 3.96 Max: 13.16
Current: 6.49
During the past 9 years, Putnam Master Intermediateome Trust's highest Return-on-Tangible-Equity was 13.16%. The lowest was -7.87%. And the median was 3.96%.
PIM's Return-on-Tangible-Equity is ranked worse than 52.43% of 1587
companies
in the Asset Management industry
Industry Median: 7.18
vs PIM: 6.49
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.
Putnam Master Intermediateome Trust Return-on-Tangible-Equity Related Terms
Putnam Master Intermediateome Trust 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.
PIM vs MHF, MSD, IGA: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Putnam Master Intermediateome Trust'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.
Putnam Master Intermediateome Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Master Intermediateome Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Putnam Master Intermediateome Trust'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 3.15% mean?
Putnam Master Intermediateome Trust (PIM) has a Return-on-Tangible-Equity of 3.15% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Putnam Master Intermediateome Trust and its competitors. This is 20% below median its historical median of 3.96. According to the industry distribution chart, Putnam Master Intermediateome Trust ranks #832 out of 1587 companies in the Asset Management industry, placing it in the top 52.4%.
Is Putnam Master Intermediateome Trust's Return-on-Tangible-Equity too high?
Putnam Master Intermediateome Trust's current Return-on-Tangible-Equity of 3.15% is 20% below median its 10-year median of 3.96. The Asset Management industry median Return-on-Tangible-Equity is 7.18. Putnam Master Intermediateome Trust's value of 3.15% is 56.1% below this industry median. Based on the distribution chart, Putnam Master Intermediateome Trust ranks #832 out of 1587 companies in the Asset Management industry, which is below the industry midpoint. Overall, Putnam Master Intermediateome Trust has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Putnam Master Intermediateome Trust's Return-on-Tangible-Equity compare to MHF and MSD?
According to the Asset Management industry distribution chart, Putnam Master Intermediateome Trust ranks #832 out of 1587 companies for Return-on-Tangible-Equity. This places Putnam Master Intermediateome Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.18. Putnam Master Intermediateome Trust's value of 3.15% is 56.1% below this benchmark. While the company's 10-year median is 3.96 vs. the industry median of 7.18, Putnam Master Intermediateome Trust 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 7.18, based on 1,587 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. Putnam Master Intermediateome Trust's current Return-on-Tangible-Equity of 3.15% is 56.1% 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 Putnam Master Intermediateome Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Master Intermediateome Trust's current Return-on-Tangible-Equity is 3.15%, which is 20% below median its own 10-year median of 3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putnam Master Intermediateome Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Master Intermediateome Trust (PIM) is currently considered Fairly Valued. The stock's GF Value™ is $3.28, compared to a current price of $3.21 — trading 2.1% below its estimated fair value. The current Return-on-Tangible-Equity is 3.15%, which is 20% below median its 10-year median of 3.96 and 56.1% below the Asset Management industry median of 7.18. Putnam Master Intermediateome Trust's overall GF Score™ is 52/100 with 7 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 Putnam Master Intermediateome Trust (PIM), the current Return-on-Tangible-Equity is 3.15% as of Mar. 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 Putnam Master Intermediateome Trust (PIM) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Master Intermediateome Trust stock appears to be undervalued.
The current stock price of $3.21 is trading 2.1% below its estimated GF Value™ of $3.28.
GuruFocus considers Putnam Master Intermediateome Trust to be Fairly Valued.
Key valuation signals for PIM:
Return-on-Tangible-Equity: 3.15% (20% below median its 10-year median of 3.96)
GF Value™: $3.28 vs. price of $3.21 (2.1% below fair value)
Industry Position: 56.1% below the Asset Management median (#832 of 1587)
No single metric tells the full story. See the PIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Master Intermediateome Trust Business Description
Putnam Master Intermediate Income Trust is a closed-end fund. Its investment objective is to provide high current income and relative stability of net asset value. The fund pursues its goal by investing in U.S. high-grade, high-yield, and international fixed-income securities with limited maturities. The fund's portfolio includes the United States Government and agency mortgage obligations; mortgage-backed securities; corporate bonds and notes, and foreign government and agency bonds and notes.
52GF Score
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