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BlackRock 2037 Mun TgtBMN -0.20%48 ROA % is 7.03% as of Dec. 2025, which is 149% above its 10-year median of 2.82. GuruFocus rates BMN with a GF Score™ of 48/100 and a GF Value™ of $46.43 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,633 Asset Management companies, BlackRock 2037 Mun Tgt ranks worse than 54.93% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. BlackRock 2037 Mun Tgt's annualizedNet Income for the quarter that ended in Dec. 2025 was $16.49 Mil.
BlackRock 2037 Mun Tgt's average Total Assets over the quarter that ended in Dec. 2025 was $234.39 Mil. Therefore, BlackRock 2037 Mun Tgt's annualized ROA % for the quarter that ended in Dec. 2025 was 7.03%.
The historical rank and industry rank for BlackRock 2037 Mun Tgt's ROA % or its related term are showing as below:
BMN'
s ROA % Range Over the Past 10 Years
Min: 1.61 Med: 2.82 Max: 7.07
Current: 3.36
During the past 4 years, BlackRock 2037 Mun Tgt's highest ROA % was 7.07%. The lowest was 1.61%. And the median was 2.82%.
BMN's ROA % is ranked worse than 54.93% of 1633
companies
in the Asset Management industry
Industry Median: 4.11
vs BMN: 3.36
BlackRock 2037 Mun Tgt (NYSE:BMN) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Asset Management subindustry, BlackRock 2037 Mun Tgt's ROA %, along with its competitors' market caps and ROA % 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.
BlackRock 2037 Mun Tgt ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock 2037 Mun Tgt's ROA % distribution charts can be found below:
* The bar in red indicates where BlackRock 2037 Mun Tgt's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
BlackRock 2037 Mun Tgt (BMN) has a ROA % of 7.03% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on BlackRock 2037 Mun Tgt and its competitors. This is 149% above median its historical median of 2.82. Over the past decade, BlackRock 2037 Mun Tgt's ROA % has ranged from 1.61 to 7.07. According to the industry distribution chart, BlackRock 2037 Mun Tgt ranks #897 out of 1633 companies in the Asset Management industry, placing it in the top 54.9%.
Is BlackRock 2037 Mun Tgt's ROA % too high?
BlackRock 2037 Mun Tgt's current ROA % of 7.03% is 149% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 7.07. The Asset Management industry median ROA % is 4.11. BlackRock 2037 Mun Tgt's value of 7.03% is 71% above this industry median. Based on the distribution chart, BlackRock 2037 Mun Tgt ranks #897 out of 1633 companies in the Asset Management industry, which is below the industry midpoint. Overall, BlackRock 2037 Mun Tgt has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackRock 2037 Mun Tgt's ROA % compare to GLQ and NAZ?
According to the Asset Management industry distribution chart, BlackRock 2037 Mun Tgt ranks #897 out of 1633 companies for ROA %. This places BlackRock 2037 Mun Tgt in the lower half of its industry. The industry median ROA % is 4.11. BlackRock 2037 Mun Tgt's value of 7.03% is 71% above this benchmark. Historically, BlackRock 2037 Mun Tgt's own ROA % has ranged from 1.61 to 7.07 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 4.11, BlackRock 2037 Mun Tgt 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.11, based on 1,633 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock 2037 Mun Tgt's current ROA % of 7.03% is 71% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on BlackRock 2037 Mun Tgt and its competitors. For the Asset Management industry, the median ROA % is 4.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock 2037 Mun Tgt's current ROA % is 7.03%, which is 149% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock 2037 Mun Tgt stock overvalued right now?
Based on GuruFocus' analysis, BlackRock 2037 Mun Tgt (BMN) is currently considered Possible Value Trap. The stock's GF Value™ is $46.43, compared to a current price of $25.51 — trading 45.1% below its estimated fair value. The current ROA % is 7.03%, which is 149% above median its 10-year median of 2.82 and 71% above the Asset Management industry median of 4.11. BlackRock 2037 Mun Tgt's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For BlackRock 2037 Mun Tgt (BMN), the current ROA % is 7.03% 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.
Is BlackRock 2037 Mun Tgt (BMN) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock 2037 Mun Tgt stock appears to be undervalued.
The current stock price of $25.51 is trading 45.1% below its estimated GF Value™ of $46.43.
GuruFocus considers BlackRock 2037 Mun Tgt to be Possible Value Trap.
Key valuation signals for BMN:
ROA %: 7.03% (149% above median its 10-year median of 2.82)
GF Value™: $46.43 vs. price of $25.51 (45.1% below fair value)
Industry Position: 71% above the Asset Management median (#897 of 1633)
No single metric tells the full story. See the BMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock 2037 Mun Tgt is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income that is exempt from regular federal income tax. The Trust invests in investment grade quality securities or securities that are unrated but judged to be of comparable quality by the investment adviser.
48GF Score
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