Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Invesco California Value Municipalome TrustVCV -0.94%32 Return-on-Tangible-Equity is 22.14% as of Feb. 2026, which is 677% above its 10-year median of 2.85. GuruFocus rates VCV with a GF Score™ of 32/100. The stock has 8 warning signs investors should review. Among 1,592 Asset Management companies, Invesco California Value Municipalome Trust ranks worse than 67.53% on this metric.
VCV's Return-on-Tangible-Equity is ranked worse than 67.53% of 1592
companies
in the Asset Management industry
Industry Median: 7.21
vs VCV: 2.46
Invesco California Value Municipalome Trust (NYSE:VCV) 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.
Invesco California Value Municipalome Trust Return-on-Tangible-Equity Related Terms
Invesco California Value Municipalome 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.
Invesco California Value Municipalome Trust Return-on-Tangible-Equity Chart
Invesco California Value Municipalome Trust Annual Data
VCV vs MSIF, THW, IQI: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Invesco California Value Municipalome 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.
Invesco California Value Municipalome Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Invesco California Value Municipalome Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Invesco California Value Municipalome 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 22.14% mean?
Invesco California Value Municipalome Trust (VCV) has a Return-on-Tangible-Equity of 22.14% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Invesco California Value Municipalome Trust and its competitors. This is 677% above median its historical median of 2.85. According to the industry distribution chart, Invesco California Value Municipalome Trust ranks #1075 out of 1592 companies in the Asset Management industry, placing it in the top 67.5%.
Is Invesco California Value Municipalome Trust's Return-on-Tangible-Equity too high?
Invesco California Value Municipalome Trust's current Return-on-Tangible-Equity of 22.14% is 677% above median its 10-year median of 2.85. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Invesco California Value Municipalome Trust's value of 22.14% is 207.1% above this industry median. Based on the distribution chart, Invesco California Value Municipalome Trust ranks #1075 out of 1592 companies in the Asset Management industry, which is below the industry midpoint. Overall, Invesco California Value Municipalome Trust has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Invesco California Value Municipalome Trust's Return-on-Tangible-Equity compare to MSIF and THW?
According to the Asset Management industry distribution chart, Invesco California Value Municipalome Trust ranks #1075 out of 1592 companies for Return-on-Tangible-Equity. This places Invesco California Value Municipalome Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Invesco California Value Municipalome Trust's value of 22.14% is 207.1% above this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 7.21, Invesco California Value Municipalome Trust 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 1,592 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. Invesco California Value Municipalome Trust's current Return-on-Tangible-Equity of 22.14% is 207.1% 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 Invesco California Value Municipalome Trust 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. Invesco California Value Municipalome Trust's current Return-on-Tangible-Equity is 22.14%, which is 677% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco California Value Municipalome Trust stock overvalued right now?
Invesco California Value Municipalome Trust (VCV) has a current Return-on-Tangible-Equity of 22.14%. The current Return-on-Tangible-Equity is 22.14%, which is 677% above median its 10-year median of 2.85 and 207.1% above the Asset Management industry median of 7.21. Invesco California Value Municipalome Trust's overall GF Score™ is 32/100 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 Invesco California Value Municipalome Trust (VCV), the current Return-on-Tangible-Equity is 22.14% as of Feb. 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.
Invesco California Value Municipalome Trust Business Description
Invesco California Value Municipal Income Trust is a closed-end management investment company. Its investment objective is to provide common shareholders with a high level of current income, exempt from federal and California income taxes, consistent with the preservation of capital.
32GF Score
Get the complete analysis for VCV
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
VCV has been successfully added to your 
