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.
Eaton Vance Short Duration Diversifiedome Fund (NYSE:EVG) 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 (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 2026) 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 Short Duration Diversifiedome Fund ROA % Related Terms
Eaton Vance Short Duration Diversifiedome Fund 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.
Eaton Vance Short Duration Diversifiedome Fund ROA % Chart
Eaton Vance Short Duration Diversifiedome Fund Annual Data
* 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 Short Duration Diversifiedome Fund 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 (Apr. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Eaton Vance Short Duration Diversifiedome Fund (EVG) has a ROA % of 3.96% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Eaton Vance Short Duration Diversifiedome Fund and its competitors. This is 36% below median its historical median of 6.16. According to the industry distribution chart, Eaton Vance Short Duration Diversifiedome Fund ranks #611 out of 1632 companies in the Asset Management industry, placing it in the top 37.4%.
Is Eaton Vance Short Duration Diversifiedome Fund's ROA % too high?
Eaton Vance Short Duration Diversifiedome Fund's current ROA % of 3.96% is 36% below median its 10-year median of 6.16. The Asset Management industry median ROA % is 4.36. Eaton Vance Short Duration Diversifiedome Fund's value of 3.96% is 9.1% below this industry median. Based on the distribution chart, Eaton Vance Short Duration Diversifiedome Fund ranks #611 out of 1632 companies in the Asset Management industry, which is above the industry midpoint. Overall, Eaton Vance Short Duration Diversifiedome Fund has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Short Duration Diversifiedome Fund's ROA % compare to MPA and GRX?
According to the Asset Management industry distribution chart, Eaton Vance Short Duration Diversifiedome Fund ranks #611 out of 1632 companies for ROA %. This puts Eaton Vance Short Duration Diversifiedome Fund in the upper half of its industry. The industry median ROA % is 4.36. Eaton Vance Short Duration Diversifiedome Fund's value of 3.96% is 9.1% below this benchmark. While the company's 10-year median is 6.16 vs. the industry median of 4.36, Eaton Vance Short Duration Diversifiedome Fund has consistently been below 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 4.36, based on 1,632 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 Short Duration Diversifiedome Fund's current ROA % of 3.96% is 9.1% below 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 Short Duration Diversifiedome Fund and its competitors. For the Asset Management industry, the median ROA % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton Vance Short Duration Diversifiedome Fund's current ROA % is 3.96%, which is 36% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Short Duration Diversifiedome Fund stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Short Duration Diversifiedome Fund (EVG) is currently considered Fairly Valued. The stock's GF Value™ is $10.13, compared to a current price of $10.61 — trading 4.7% above its estimated fair value. The current ROA % is 3.96%, which is 36% below median its 10-year median of 6.16 and 9.1% below the Asset Management industry median of 4.36. Eaton Vance Short Duration Diversifiedome Fund's overall GF Score™ is 50/100 with 7 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 Short Duration Diversifiedome Fund (EVG), the current ROA % is 3.96% as of Apr. 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.
Is Eaton Vance Short Duration Diversifiedome Fund (EVG) Overvalued in 2026?
Based on GuruFocus' analysis, Eaton Vance Short Duration Diversifiedome Fund stock appears to be overvalued.
The current stock price of $10.61 is trading 4.7% above its estimated GF Value™ of $10.13.
GuruFocus considers Eaton Vance Short Duration Diversifiedome Fund to be Fairly Valued.
Key valuation signals for EVG:
ROA %: 3.96% (36% below median its 10-year median of 6.16)
GF Value™: $10.13 vs. price of $10.61 (4.7% above fair value)
Industry Position: 9.1% below the Asset Management median (#611 of 1632)
No single metric tells the full story. See the EVG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eaton Vance Short Duration Diversified Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to provide a high level of current income with a secondary objective of seeking capital appreciation to the extent consistent with its primary goal. The portfolio of investments consists of business equipment and services, automotive, cable and satellite television, chemicals and plastics, food products, and other areas.
50GF Score
Get the complete analysis for EVG
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
EVG has been successfully added to your 
