DSM (BNY Mellon Strategic Municipal Bond Fund,) ROE %: 16.31% (As of Nov. 2025) — 384% Above Median

What is BNY Mellon Strategic Municipal Bond Fund, ROE %?

BNY Mellon Strategic Municipal Bond Fund, DSM 36 ROE % is 16.31% as of Nov. 2025, which is 384% above its 10-year median of 3.37. GuruFocus rates DSM with a GF Score™ of 36/100. The stock has 3 warning signs investors should review. Among 1,615 Asset Management companies, BNY Mellon Strategic Municipal Bond Fund, ranks worse than 79.69% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BNY Mellon Strategic Municipal Bond Fund,'s annualized net income for the quarter that ended in Nov. 2025 was $51.29 Mil. BNY Mellon Strategic Municipal Bond Fund,'s average Total Stockholders Equity over the quarter that ended in Nov. 2025 was $314.39 Mil. Therefore, BNY Mellon Strategic Municipal Bond Fund,'s annualized ROE % for the quarter that ended in Nov. 2025 was 16.31%.

The historical rank and industry rank for BNY Mellon Strategic Municipal Bond Fund,'s ROE % or its related term are showing as below:

DSM' s ROE % Range Over the Past 10 Years
Min: -17.06 Med: 3.37 Max: 9.8
Current: -1.71

During the past 9 years, BNY Mellon Strategic Municipal Bond Fund,'s highest ROE % was 9.80%. The lowest was -17.06%. And the median was 3.37%.

DSM's ROE % is ranked worse than
79.69% of 1615 companies
in the Asset Management industry
Industry Median: 6.35 vs DSM: -1.71

BNY Mellon Strategic Municipal Bond Fund, (NYSE:DSM) 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:

	ROE %		(Q: Nov. 2025 )
=	Net Income	/	Total Stockholders Equity
=	51.292	/	314.3885
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(51.292 / 52.268)	*	(52.268 / 492.5405)	*	(492.5405 / 314.3885)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	98.13 %	*	0.1061	*	1.5667
=	ROA %	*	Equity Multiplier
=	10.41 %	*	1.5667
=	16.31 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %		(Q: Nov. 2025 )
=	Net Income	/	Total Stockholders Equity
=	51.292	/	314.3885
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(51.292 / 51.292)	*	(51.292 / 52.268)	*	(52.268 / 492.5405)	*	(492.5405 / 314.3885)
=	Tax Burden	*	Pretax Margin %	*	Asset Turnover	*	Equity Multiplier
=	1	*	98.13 %	*	0.1061	*	1.5667
=	16.31 %

Note: The net income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 2025) 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.

BNY Mellon Strategic Municipal Bond Fund, ROE % Related Terms

BNY Mellon Strategic Municipal Bond Fund, ROE % Historical Data

* Premium members only.

The historical data trend for BNY Mellon Strategic Municipal Bond Fund,'s ROE % can be seen below:

BNY Mellon Strategic Municipal Bond Fund, ROE % Chart

BNY Mellon Strategic Municipal Bond Fund, Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

ROE %

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5.44

-17.06

2.62

9.80

-1.66

BNY Mellon Strategic Municipal Bond Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24	May25	Nov25
ROE %	Get a 7-Day Free Trial												1.46	5.87	13.80	-19.28	16.31

DSM vs TEI, NCZ, ARDC: ROE % Comparison

For the Asset Management subindustry, BNY Mellon Strategic Municipal Bond 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.

BNY Mellon Strategic Municipal Bond Fund, ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipal Bond Fund,'s ROE % distribution charts can be found below:

* The bar in red indicates where BNY Mellon Strategic Municipal Bond Fund,'s ROE % falls into.

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BNY Mellon Strategic Municipal Bond Fund, Inc. DSM

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BNY Mellon Strategic Municipal Bond Fund, ROE % Calculation

BNY Mellon Strategic Municipal Bond Fund,'s annualized ROE % for the fiscal year that ended in Nov. 2025 is calculated as

ROE %	=	Net Income (A: Nov. 2025 )	/	( (Total Stockholders Equity (A: Nov. 2024 )	+	Total Stockholders Equity (A: Nov. 2025 ))	/ count )
	=	-5.517	/	( (341.477	+	323.801)	/ 2 )
	=	-5.517	/	332.639
	=	-1.66 %

BNY Mellon Strategic Municipal Bond Fund,'s annualized ROE % for the quarter that ended in Nov. 2025 is calculated as

ROE %	=	Net Income (Q: Nov. 2025 )	/	( (Total Stockholders Equity (Q: May. 2025 )	+	Total Stockholders Equity (Q: Nov. 2025 ))	/ count )
	=	51.292	/	( (304.976	+	323.801)	/ 2 )
	=	51.292	/	314.3885
	=	16.31 %

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 (Nov. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →

What does a ROE % of 16.31% mean?

BNY Mellon Strategic Municipal Bond Fund, (DSM) has a ROE % of 16.31% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BNY Mellon Strategic Municipal Bond Fund, and its competitors. This is 384% above median its historical median of 3.37. According to the industry distribution chart, BNY Mellon Strategic Municipal Bond Fund, ranks #1287 out of 1615 companies in the Asset Management industry, placing it in the top 79.7%.

Is BNY Mellon Strategic Municipal Bond Fund,'s ROE % too high?

BNY Mellon Strategic Municipal Bond Fund,'s current ROE % of 16.31% is 384% above median its 10-year median of 3.37. The Asset Management industry median ROE % is 6.35. BNY Mellon Strategic Municipal Bond Fund,'s value of 16.31% is 156.9% above this industry median. Based on the distribution chart, BNY Mellon Strategic Municipal Bond Fund, ranks #1287 out of 1615 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BNY Mellon Strategic Municipal Bond Fund, has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.

How does BNY Mellon Strategic Municipal Bond Fund,'s ROE % compare to TEI and NCZ?

According to the Asset Management industry distribution chart, BNY Mellon Strategic Municipal Bond Fund, ranks #1287 out of 1615 companies for ROE %. This places BNY Mellon Strategic Municipal Bond Fund, in the lower half of its industry. The industry median ROE % is 6.35. BNY Mellon Strategic Municipal Bond Fund,'s value of 16.31% is 156.9% above this benchmark. While the company's 10-year median is 3.37 vs. the industry median of 6.35, BNY Mellon Strategic Municipal Bond 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 6.35, based on 1,615 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. BNY Mellon Strategic Municipal Bond Fund,'s current ROE % of 16.31% is 156.9% 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 BNY Mellon Strategic Municipal Bond Fund, and its competitors. For the Asset Management industry, the median ROE % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BNY Mellon Strategic Municipal Bond Fund,'s current ROE % is 16.31%, which is 384% above median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BNY Mellon Strategic Municipal Bond Fund, stock overvalued right now?

BNY Mellon Strategic Municipal Bond Fund, (DSM) has a current ROE % of 16.31%. The current ROE % is 16.31%, which is 384% above median its 10-year median of 3.37 and 156.9% above the Asset Management industry median of 6.35. BNY Mellon Strategic Municipal Bond Fund,'s overall GF Score™ is 36/100 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 BNY Mellon Strategic Municipal Bond Fund, (DSM), the current ROE % is 16.31% as of Nov. 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.

BNY Mellon Strategic Municipal Bond Fund, Business Description

Industry Financial Services Asset Management

Comparable Companies TEI NCZ ARDC FUND RFI NCA NBH HRZN EFR KF BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Address C/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website https://www.bny.com

BNY Mellon Strategic Municipal Bond Fund, Inc. is a diversified closed-end management investment company. Its investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital.

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