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-mangd Glo Buy-write Oppo ROA % Related Terms
Eaton Vance Tax-mangd Glo Buy-write Oppo 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-mangd Glo Buy-write Oppo'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-mangd Glo Buy-write Oppo ROA % vs Asset Management Industry
* 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-mangd Glo Buy-write Oppo (ETW) has a ROA % of 22.72% 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-mangd Glo Buy-write Oppo and its competitors. This is 65% above median its historical median of 13.76. According to the industry distribution chart, Eaton Vance Tax-mangd Glo Buy-write Oppo ranks #229 out of 1638 companies in the Asset Management industry, placing it in the top 14%.
Is Eaton Vance Tax-mangd Glo Buy-write Oppo's ROA % too high?
Eaton Vance Tax-mangd Glo Buy-write Oppo's current ROA % of 22.72% is 65% above median its 10-year median of 13.76. The Asset Management industry median ROA % is 3.95. Eaton Vance Tax-mangd Glo Buy-write Oppo's value of 22.72% is 475.2% above this industry median. Based on the distribution chart, Eaton Vance Tax-mangd Glo Buy-write Oppo ranks #229 out of 1638 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eaton Vance Tax-mangd Glo Buy-write Oppo has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-mangd Glo Buy-write Oppo's ROA % compare to CHI and OCSL?
According to the Asset Management industry distribution chart, Eaton Vance Tax-mangd Glo Buy-write Oppo ranks #229 out of 1638 companies for ROA %. This places Eaton Vance Tax-mangd Glo Buy-write Oppo in the top 14% of its industry — outperforming the majority of peers. The industry median ROA % is 3.95. Eaton Vance Tax-mangd Glo Buy-write Oppo's value of 22.72% is 475.2% above this benchmark. While the company's 10-year median is 13.76 vs. the industry median of 3.95, Eaton Vance Tax-mangd Glo Buy-write Oppo 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 3.95, based on 1,638 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-mangd Glo Buy-write Oppo's current ROA % of 22.72% is 475.2% 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-mangd Glo Buy-write Oppo and its competitors. For the Asset Management industry, the median ROA % is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Tax-mangd Glo Buy-write Oppo's current ROA % is 22.72%, which is 65% above median its own 10-year median of 13.76. 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-mangd Glo Buy-write Oppo stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-mangd Glo Buy-write Oppo (ETW) is currently considered Significantly Undervalued. The stock's GF Value™ is $14.13, compared to a current price of $9.33 — trading 34% below its estimated fair value. The current ROA % is 22.72%, which is 65% above median its 10-year median of 13.76 and 475.2% above the Asset Management industry median of 3.95. Eaton Vance Tax-mangd Glo Buy-write Oppo's overall GF Score™ is 53/100 with 3 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-mangd Glo Buy-write Oppo (ETW), the current ROA % is 22.72% 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-mangd Glo Buy-write Oppo (ETW) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Tax-mangd Glo Buy-write Oppo stock appears to be undervalued.
The current stock price of $9.33 is trading 34% below its estimated GF Value™ of $14.13.
GuruFocus considers Eaton Vance Tax-mangd Glo Buy-write Oppo to be Significantly Undervalued.
Key valuation signals for ETW:
ROA %: 22.72% (65% above median its 10-year median of 13.76)
GF Value™: $14.13 vs. price of $9.33 (34% below fair value)
Industry Position: 475.2% above the Asset Management median (#229 of 1638)
No single metric tells the full story. See the ETW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Tax-mangd Glo Buy-write Oppo Business Description
Eaton Vance Tax-mangd Glo Buy-write Oppo is a United States-based diversified, closed-end management investment company. The primary investment objective of the company is to provide current income and gains. The secondary objective of the fund is capital appreciation. The fund invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of capital markets, chemicals, banks, biotechnology, media, and other sectors.
53GF Score
Get the complete analysis for ETW
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ETW has been successfully added to your 
