RiverNorth Managed Duration Muni FdRMM +0.96%28 Return-on-Tangible-Equity is 12.59% as of Dec. 2025, which is 113% above its 10-year median of 5.90. GuruFocus rates RMM with a GF Score™ of 28/100. The stock has 3 warning signs investors should review. Among 1,588 Asset Management companies, RiverNorth Managed Duration Muni Fd ranks worse than 75.31% on this metric.
The historical rank and industry rank for RiverNorth Managed Duration Muni Fd's Return-on-Tangible-Equity or its related term are showing as below:
RMM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.66 Med: 5.9 Max: 18.05
Current: 0.31
During the past 6 years, RiverNorth Managed Duration Muni Fd's highest Return-on-Tangible-Equity was 18.05%. The lowest was -16.66%. And the median was 5.90%.
RMM's Return-on-Tangible-Equity is ranked worse than 75.31% of 1588
companies
in the Asset Management industry
Industry Median: 7.165
vs RMM: 0.31
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.
RiverNorth Managed Duration Muni Fd Return-on-Tangible-Equity Related Terms
RiverNorth Managed Duration Muni 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.
RMM vs MMD, ACV, PMO: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, RiverNorth Managed Duration Muni 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.
RiverNorth Managed Duration Muni Fd Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, RiverNorth Managed Duration Muni Fd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where RiverNorth Managed Duration Muni 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 12.59% mean?
RiverNorth Managed Duration Muni Fd (RMM) has a Return-on-Tangible-Equity of 12.59% 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 RiverNorth Managed Duration Muni Fd and its competitors. This is 113% above median its historical median of 5.90. According to the industry distribution chart, RiverNorth Managed Duration Muni Fd ranks #1196 out of 1588 companies in the Asset Management industry, placing it in the top 75.3%.
Is RiverNorth Managed Duration Muni Fd's Return-on-Tangible-Equity too high?
RiverNorth Managed Duration Muni Fd's current Return-on-Tangible-Equity of 12.59% is 113% above median its 10-year median of 5.90. The Asset Management industry median Return-on-Tangible-Equity is 7.17. RiverNorth Managed Duration Muni Fd's value of 12.59% is 75.7% above this industry median. Based on the distribution chart, RiverNorth Managed Duration Muni Fd ranks #1196 out of 1588 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, RiverNorth Managed Duration Muni Fd has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does RiverNorth Managed Duration Muni Fd's Return-on-Tangible-Equity compare to MMD and ACV?
According to the Asset Management industry distribution chart, RiverNorth Managed Duration Muni Fd ranks #1196 out of 1588 companies for Return-on-Tangible-Equity. This places RiverNorth Managed Duration Muni Fd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.17. RiverNorth Managed Duration Muni Fd's value of 12.59% is 75.7% above this benchmark. While the company's 10-year median is 5.90 vs. the industry median of 7.17, RiverNorth Managed Duration Muni 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. RiverNorth Managed Duration Muni Fd's current Return-on-Tangible-Equity of 12.59% is 75.7% 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 RiverNorth Managed Duration Muni 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. RiverNorth Managed Duration Muni Fd's current Return-on-Tangible-Equity is 12.59%, which is 113% above median its own 10-year median of 5.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RiverNorth Managed Duration Muni Fd stock overvalued right now?
RiverNorth Managed Duration Muni Fd (RMM) has a current Return-on-Tangible-Equity of 12.59%. The current Return-on-Tangible-Equity is 12.59%, which is 113% above median its 10-year median of 5.90 and 75.7% above the Asset Management industry median of 7.17. RiverNorth Managed Duration Muni Fd's overall GF Score™ is 28/100 with 3 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 RiverNorth Managed Duration Muni Fd (RMM), the current Return-on-Tangible-Equity is 12.59% 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.
RiverNorth Managed Duration Muni Fd Business Description
RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company. Its primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
28GF Score
Get the complete analysis for RMM
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
RMM has been successfully added to your 
