Canoe EITome FundTSX:EIT.UN -0.06%49 ROA % is 11.88% as of Dec. 2025, which is 8% above its 10-year median of 10.97. GuruFocus rates TSX:EIT.UN with a GF Score™ of 49/100 and a GF Value™ of C$14.16 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,638 Asset Management companies, Canoe EITome Fund ranks better than 75.46% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Canoe EITome Fund's annualizedNet Income for the quarter that ended in Dec. 2025 was C$389.4 Mil.
Canoe EITome Fund's average Total Assets over the quarter that ended in Dec. 2025 was C$3,276.4 Mil. Therefore, Canoe EITome Fund's annualized ROA % for the quarter that ended in Dec. 2025 was 11.88%.
The historical rank and industry rank for Canoe EITome Fund's ROA % or its related term are showing as below:
TSX:EIT.UN'
s ROA % Range Over the Past 10 Years
Min: -5.02 Med: 10.97 Max: 30.38
Current: 11.42
During the past 13 years, Canoe EITome Fund's highest ROA % was 30.38%. The lowest was -5.02%. And the median was 10.97%.
TSX:EIT.UN's ROA % is ranked better than 75.46% of 1638
companies
in the Asset Management industry
Industry Median: 3.95
vs TSX:EIT.UN: 11.42
Canoe EITome Fund (TSX:EIT.UN) 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.
Canoe EITome Fund ROA % Related Terms
Canoe EITome Fund ROA % Historical Data
* Premium members only.
The historical data trend for Canoe EITome Fund's ROA % can be seen below:
* 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, Canoe EITome Fund'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.
Canoe EITome Fund ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Canoe EITome Fund's ROA % distribution charts can be found below:
* The bar in red indicates where Canoe EITome Fund'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.
Canoe EITome Fund (TSX:EIT.UN) has a ROA % of 11.88% 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 Canoe EITome Fund and its competitors. This is near median its historical median of 10.97. According to the industry distribution chart, Canoe EITome Fund ranks #402 out of 1638 companies in the Asset Management industry, placing it in the top 24.5%.
Is Canoe EITome Fund's ROA % too high?
Canoe EITome Fund's current ROA % of 11.88% is near median its 10-year median of 10.97. The Asset Management industry median ROA % is 3.95. Canoe EITome Fund's value of 11.88% is 200.8% above this industry median. Based on the distribution chart, Canoe EITome Fund ranks #402 out of 1638 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Canoe EITome Fund has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canoe EITome Fund's ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Canoe EITome Fund ranks #402 out of 1638 companies for ROA %. This places Canoe EITome Fund in the top 25% of its industry — outperforming the majority of peers. The industry median ROA % is 3.95. Canoe EITome Fund's value of 11.88% is 200.8% above this benchmark. While the company's 10-year median is 10.97 vs. the industry median of 3.95, Canoe EITome Fund 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. Canoe EITome Fund's current ROA % of 11.88% is 200.8% 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 Canoe EITome Fund 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. Canoe EITome Fund's current ROA % is 11.88%, which is near median its own 10-year median of 10.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoe EITome Fund stock overvalued right now?
Based on GuruFocus' analysis, Canoe EITome Fund (TSX:EIT.UN) is currently considered Modestly Overvalued. The stock's GF Value™ is C$14.16, compared to a current price of C$17.16 — trading 21.2% above its estimated fair value. The current ROA % is 11.88%, which is near median its 10-year median of 10.97 and 200.8% above the Asset Management industry median of 3.95. Canoe EITome Fund's overall GF Score™ is 49/100 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 Canoe EITome Fund (TSX:EIT.UN), the current ROA % is 11.88% 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 Canoe EITome Fund (TSX:EIT.UN) Overvalued in 2026?
Based on GuruFocus' analysis, Canoe EITome Fund stock appears to be overvalued.
The current stock price of C$17.16 is trading 21.2% above its estimated GF Value™ of C$14.16.
GuruFocus considers Canoe EITome Fund to be Modestly Overvalued.
Key valuation signals for TSX:EIT.UN:
ROA %: 11.88% (near median its 10-year median of 10.97)
GF Value™: C$14.16 vs. price of C$17.16 (21.2% above fair value)
Industry Position: 200.8% above the Asset Management median (#402 of 1638)
No single metric tells the full story. See the TSX:EIT.UN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canoe EIT Income Fund is a Canadian closed-end investment trust. Its investment objective is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio of high quality securities. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.
49GF Score
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