Reaves Utilityome FundUTG -0.20%24 Return-on-Tangible-Equity is 41.65% as of Oct. 2025, which is 229% above its 10-year median of 12.66. GuruFocus rates UTG with a GF Score™ of 24/100. The stock has 8 warning signs investors should review. Among 1,588 Asset Management companies, Reaves Utilityome Fund ranks better than 83.63% 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. Reaves Utilityome Fund's annualized net income for the quarter that ended in Oct. 2025 was $1,338.8 Mil. Reaves Utilityome Fund's average shareholder tangible equity for the quarter that ended in Oct. 2025 was $3,214.7 Mil. Therefore, Reaves Utilityome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2025 was 41.65%.
The historical rank and industry rank for Reaves Utilityome Fund's Return-on-Tangible-Equity or its related term are showing as below:
UTG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.69 Med: 12.66 Max: 36.4
Current: 24.84
During the past 13 years, Reaves Utilityome Fund's highest Return-on-Tangible-Equity was 36.40%. The lowest was -10.69%. And the median was 12.66%.
UTG's Return-on-Tangible-Equity is ranked better than 83.63% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs UTG: 24.84
Reaves Utilityome Fund (AMEX:UTG) 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.
Reaves Utilityome Fund Return-on-Tangible-Equity Related Terms
Reaves Utilityome Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Reaves Utilityome 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.
Reaves Utilityome Fund Return-on-Tangible-Equity Chart
UTG vs NEA, CNS, HLNE: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Reaves Utilityome 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.
Reaves Utilityome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Reaves Utilityome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Reaves Utilityome 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 (Oct. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 41.65% mean?
Reaves Utilityome Fund (UTG) has a Return-on-Tangible-Equity of 41.65% as of Oct. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Reaves Utilityome Fund and its competitors. This is 229% above median its historical median of 12.66. According to the industry distribution chart, Reaves Utilityome Fund ranks #260 out of 1588 companies in the Asset Management industry, placing it in the top 16.4%.
Is Reaves Utilityome Fund's Return-on-Tangible-Equity too high?
Reaves Utilityome Fund's current Return-on-Tangible-Equity of 41.65% is 229% above median its 10-year median of 12.66. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Reaves Utilityome Fund's value of 41.65% is 479.3% above this industry median. Based on the distribution chart, Reaves Utilityome Fund ranks #260 out of 1588 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Reaves Utilityome Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Reaves Utilityome Fund's Return-on-Tangible-Equity compare to NEA and CNS?
According to the Asset Management industry distribution chart, Reaves Utilityome Fund ranks #260 out of 1588 companies for Return-on-Tangible-Equity. This places Reaves Utilityome Fund in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.19. Reaves Utilityome Fund's value of 41.65% is 479.3% above this benchmark. While the company's 10-year median is 12.66 vs. the industry median of 7.19, Reaves Utilityome 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. Reaves Utilityome Fund's current Return-on-Tangible-Equity of 41.65% is 479.3% 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 Reaves Utilityome 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. Reaves Utilityome Fund's current Return-on-Tangible-Equity is 41.65%, which is 229% above median its own 10-year median of 12.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reaves Utilityome Fund stock overvalued right now?
Reaves Utilityome Fund (UTG) has a current Return-on-Tangible-Equity of 41.65%. The current Return-on-Tangible-Equity is 41.65%, which is 229% above median its 10-year median of 12.66 and 479.3% above the Asset Management industry median of 7.19. Reaves Utilityome Fund's overall GF Score™ is 24/100 with 8 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 Reaves Utilityome Fund (UTG), the current Return-on-Tangible-Equity is 41.65% as of Oct. 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.
Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.
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