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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 (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 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.
Thornburgome Builder Opportunities Trust ROA % Related Terms
Thornburgome Builder Opportunities Trust 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, Thornburgome Builder Opportunities Trust'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.
Thornburgome Builder Opportunities Trust 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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Thornburgome Builder Opportunities Trust (TBLD) has a ROA % of 18.70% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Thornburgome Builder Opportunities Trust and its competitors. This is 25% above median its historical median of 14.91. According to the industry distribution chart, Thornburgome Builder Opportunities Trust ranks #191 out of 1637 companies in the Asset Management industry, placing it in the top 11.7%.
Is Thornburgome Builder Opportunities Trust's ROA % too high?
Thornburgome Builder Opportunities Trust's current ROA % of 18.70% is 25% above median its 10-year median of 14.91. The Asset Management industry median ROA % is 4.11. Thornburgome Builder Opportunities Trust's value of 18.70% is 355% above this industry median. Based on the distribution chart, Thornburgome Builder Opportunities Trust ranks #191 out of 1637 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Thornburgome Builder Opportunities Trust has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thornburgome Builder Opportunities Trust's ROA % compare to CGBD and BIT?
According to the Asset Management industry distribution chart, Thornburgome Builder Opportunities Trust ranks #191 out of 1637 companies for ROA %. This places Thornburgome Builder Opportunities Trust in the top 12% of its industry — outperforming the majority of peers. The industry median ROA % is 4.11. Thornburgome Builder Opportunities Trust's value of 18.70% is 355% above this benchmark. While the company's 10-year median is 14.91 vs. the industry median of 4.11, Thornburgome Builder Opportunities 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.11, based on 1,637 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. Thornburgome Builder Opportunities Trust's current ROA % of 18.70% is 355% 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 Thornburgome Builder Opportunities Trust 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. Thornburgome Builder Opportunities Trust's current ROA % is 18.70%, which is 25% above median its own 10-year median of 14.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thornburgome Builder Opportunities Trust stock overvalued right now?
Based on GuruFocus' analysis, Thornburgome Builder Opportunities Trust (TBLD) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.92, compared to a current price of $21.78 — trading 27.2% below its estimated fair value. The current ROA % is 18.70%, which is 25% above median its 10-year median of 14.91 and 355% above the Asset Management industry median of 4.11. Thornburgome Builder Opportunities Trust's overall GF Score™ is 58/100 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 Thornburgome Builder Opportunities Trust (TBLD), the current ROA % is 18.70% as of Mar. 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 Thornburgome Builder Opportunities Trust (TBLD) Overvalued in 2026?
Based on GuruFocus' analysis, Thornburgome Builder Opportunities Trust stock appears to be undervalued.
The current stock price of $21.78 is trading 27.2% below its estimated GF Value™ of $29.92.
GuruFocus considers Thornburgome Builder Opportunities Trust to be Modestly Undervalued.
Key valuation signals for TBLD:
ROA %: 18.70% (25% above median its 10-year median of 14.91)
GF Value™: $29.92 vs. price of $21.78 (27.2% below fair value)
Industry Position: 355% above the Asset Management median (#191 of 1637)
No single metric tells the full story. See the TBLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thornburgome Builder Opportunities Trust Business Description
Thornburg Income Builder Opportunities Trust is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income. The Trust will seek to achieve its investment objective by investing, directly or indirectly, at least 80% of its Managed Assets.
58GF Score
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