ETV's ROA % is ranked better than 77.86% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs ETV: 12.48
Eaton Vance Tax-Managed Buy-Write Opp (NYSE:ETV) 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.
Eaton Vance Tax-Managed Buy-Write Opp ROA % Related Terms
Eaton Vance Tax-Managed Buy-Write Opp ROA % 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.
For the Asset Management subindustry, Eaton Vance Tax-Managed Buy-Write Opp'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.
Eaton Vance Tax-Managed Buy-Write Opp ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-Managed Buy-Write Opp's ROA % distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-Managed Buy-Write Opp'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.
Eaton Vance Tax-Managed Buy-Write Opp (ETV) has a ROA % of 23.08% 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 Eaton Vance Tax-Managed Buy-Write Opp and its competitors. This is 61% above median its historical median of 14.32. According to the industry distribution chart, Eaton Vance Tax-Managed Buy-Write Opp ranks #362 out of 1635 companies in the Asset Management industry, placing it in the top 22.1%.
Is Eaton Vance Tax-Managed Buy-Write Opp's ROA % too high?
Eaton Vance Tax-Managed Buy-Write Opp's current ROA % of 23.08% is 61% above median its 10-year median of 14.32. The Asset Management industry median ROA % is 3.97. Eaton Vance Tax-Managed Buy-Write Opp's value of 23.08% is 481.4% above this industry median. Based on the distribution chart, Eaton Vance Tax-Managed Buy-Write Opp ranks #362 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax-Managed Buy-Write Opp has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-Managed Buy-Write Opp's ROA % compare to GAB and BST?
According to the Asset Management industry distribution chart, Eaton Vance Tax-Managed Buy-Write Opp ranks #362 out of 1635 companies for ROA %. This places Eaton Vance Tax-Managed Buy-Write Opp in the top 22% of its industry — outperforming the majority of peers. The industry median ROA % is 3.97. Eaton Vance Tax-Managed Buy-Write Opp's value of 23.08% is 481.4% above this benchmark. While the company's 10-year median is 14.32 vs. the industry median of 3.97, Eaton Vance Tax-Managed Buy-Write Opp 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 3.97, based on 1,635 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. Eaton Vance Tax-Managed Buy-Write Opp's current ROA % of 23.08% is 481.4% 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 Eaton Vance Tax-Managed Buy-Write Opp and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Tax-Managed Buy-Write Opp's current ROA % is 23.08%, which is 61% above median its own 10-year median of 14.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Tax-Managed Buy-Write Opp stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Write Opp (ETV) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.29, compared to a current price of $14.58 — trading 18.6% above its estimated fair value. The current ROA % is 23.08%, which is 61% above median its 10-year median of 14.32 and 481.4% above the Asset Management industry median of 3.97. Eaton Vance Tax-Managed Buy-Write Opp's overall GF Score™ is 60/100 with 6 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 Eaton Vance Tax-Managed Buy-Write Opp (ETV), the current ROA % is 23.08% 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 Eaton Vance Tax-Managed Buy-Write Opp (ETV) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Write Opp stock appears to be overvalued.
The current stock price of $14.58 is trading 18.6% above its estimated GF Value™ of $12.29.
GuruFocus considers Eaton Vance Tax-Managed Buy-Write Opp to be Modestly Overvalued.
Key valuation signals for ETV:
ROA %: 23.08% (61% above median its 10-year median of 14.32)
GF Value™: $12.29 vs. price of $14.58 (18.6% above fair value)
Industry Position: 481.4% above the Asset Management median (#362 of 1635)
No single metric tells the full story. See the ETV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-Managed Buy-Write Opp Business Description
Eaton Vance Tax-Managed Buy-Write Opp is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks, designated segments of which seek to exceed the total return performance of the S&P 500 and the NASDAQ-100.
60GF Score
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