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Calamos Global Total Return FundCGO -0.23%46 ROE % is 9.51% as of Apr. 2026, which is 29% below its 10-year median of 13.34. GuruFocus rates CGO with a GF Score™ of 46/100 and a GF Value™ of $27.47 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,613 Asset Management companies, Calamos Global Total Return Fund ranks better than 75.33% on this metric.
CGO'
s ROE % Range Over the Past 10 Years
Min: -39.9 Med: 13.34 Max: 35.17
Current: 15.71
During the past 9 years, Calamos Global Total Return Fund's highest ROE % was 35.17%. The lowest was -39.90%. And the median was 13.34%.
CGO's ROE % is ranked better than 75.33% of 1613
companies
in the Asset Management industry
Industry Median: 6.65
vs CGO: 15.71
Calamos Global Total Return Fund (NAS:CGO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Calamos Global Total Return Fund ROE % Related Terms
Calamos Global Total Return Fund ROE % 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, Calamos Global Total Return Fund's ROE %, along with its competitors' market caps and ROE % 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.
Calamos Global Total Return Fund ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Calamos Global Total Return Fund's ROE % distribution charts can be found below:
* The bar in red indicates where Calamos Global Total Return Fund's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Calamos Global Total Return Fund (CGO) has a ROE % of 9.51% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Calamos Global Total Return Fund and its competitors. This is 29% below median its historical median of 13.34. According to the industry distribution chart, Calamos Global Total Return Fund ranks #398 out of 1613 companies in the Asset Management industry, placing it in the top 24.7%.
Is Calamos Global Total Return Fund's ROE % too high?
Calamos Global Total Return Fund's current ROE % of 9.51% is 29% below median its 10-year median of 13.34. The Asset Management industry median ROE % is 6.65. Calamos Global Total Return Fund's value of 9.51% is 43% above this industry median. Based on the distribution chart, Calamos Global Total Return Fund ranks #398 out of 1613 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Calamos Global Total Return Fund has a GF Score™ of 46/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calamos Global Total Return Fund's ROE % compare to JHS and WEA?
According to the Asset Management industry distribution chart, Calamos Global Total Return Fund ranks #398 out of 1613 companies for ROE %. This places Calamos Global Total Return Fund in the top 25% of its industry — outperforming the majority of peers. The industry median ROE % is 6.65. Calamos Global Total Return Fund's value of 9.51% is 43% above this benchmark. While the company's 10-year median is 13.34 vs. the industry median of 6.65, Calamos Global Total Return 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.65, based on 1,613 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Calamos Global Total Return Fund's current ROE % of 9.51% is 43% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Calamos Global Total Return Fund and its competitors. For the Asset Management industry, the median ROE % is 6.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calamos Global Total Return Fund's current ROE % is 9.51%, which is 29% below median its own 10-year median of 13.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos Global Total Return Fund stock overvalued right now?
Based on GuruFocus' analysis, Calamos Global Total Return Fund (CGO) is currently considered Significantly Undervalued. The stock's GF Value™ is $27.47, compared to a current price of $12.38 — trading 54.9% below its estimated fair value. The current ROE % is 9.51%, which is 29% below median its 10-year median of 13.34 and 43% above the Asset Management industry median of 6.65. Calamos Global Total Return Fund's overall GF Score™ is 46/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Calamos Global Total Return Fund (CGO), the current ROE % is 9.51% 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 Calamos Global Total Return Fund (CGO) Overvalued in 2026?
Based on GuruFocus' analysis, Calamos Global Total Return Fund stock appears to be undervalued.
The current stock price of $12.38 is trading 54.9% below its estimated GF Value™ of $27.47.
GuruFocus considers Calamos Global Total Return Fund to be Significantly Undervalued.
Key valuation signals for CGO:
ROE %: 9.51% (29% below median its 10-year median of 13.34)
GF Value™: $27.47 vs. price of $12.38 (54.9% below fair value)
Industry Position: 43% above the Asset Management median (#398 of 1613)
No single metric tells the full story. See the CGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calamos Global Total Return Fund Business Description
Calamos Global Total Return Fund is a closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The fund invests in equities, convertible securities, and high-yield corporate bonds.
46GF Score
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