Virtus Convertible &ome FundNCV -0.35%41 ROE % is 25.89% as of Jan. 2026, which is 394% above its 10-year median of 5.24. GuruFocus rates NCV with a GF Score™ of 41/100 and a GF Value™ of $55.59 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,615 Asset Management companies, Virtus Convertible &ome Fund ranks better than 79.81% on this metric.
The historical rank and industry rank for Virtus Convertible &ome Fund's ROE % or its related term are showing as below:
NCV'
s ROE % Range Over the Past 10 Years
Min: -11.81 Med: 5.24 Max: 18.17
Current: 17.91
During the past 8 years, Virtus Convertible &ome Fund's highest ROE % was 18.17%. The lowest was -11.81%. And the median was 5.24%.
NCV's ROE % is ranked better than 79.81% of 1615
companies
in the Asset Management industry
Industry Median: 6.35
vs NCV: 17.91
Virtus Convertible &ome Fund (NYSE:NCV) 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 (Jan. 2026) net income data. The Revenue data used here is two times the semi-annual (Jan. 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.
Virtus Convertible &ome Fund ROE % Related Terms
Virtus Convertible &ome 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, Virtus Convertible &ome 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.
Virtus Convertible &ome Fund ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund's ROE % distribution charts can be found below:
* The bar in red indicates where Virtus Convertible &ome 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 (Jan. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Virtus Convertible &ome Fund (NCV) has a ROE % of 25.89% as of Jan. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Virtus Convertible &ome Fund and its competitors. This is 394% above median its historical median of 5.24. According to the industry distribution chart, Virtus Convertible &ome Fund ranks #326 out of 1615 companies in the Asset Management industry, placing it in the top 20.2%.
Is Virtus Convertible &ome Fund's ROE % too high?
Virtus Convertible &ome Fund's current ROE % of 25.89% is 394% above median its 10-year median of 5.24. The Asset Management industry median ROE % is 6.35. Virtus Convertible &ome Fund's value of 25.89% is 307.7% above this industry median. Based on the distribution chart, Virtus Convertible &ome Fund ranks #326 out of 1615 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Virtus Convertible &ome Fund has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtus Convertible &ome Fund's ROE % compare to FRA and BGR?
According to the Asset Management industry distribution chart, Virtus Convertible &ome Fund ranks #326 out of 1615 companies for ROE %. This places Virtus Convertible &ome Fund in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 6.35. Virtus Convertible &ome Fund's value of 25.89% is 307.7% above this benchmark. While the company's 10-year median is 5.24 vs. the industry median of 6.35, Virtus Convertible &ome 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. Virtus Convertible &ome Fund's current ROE % of 25.89% is 307.7% 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 Virtus Convertible &ome 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. Virtus Convertible &ome Fund's current ROE % is 25.89%, which is 394% above median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus Convertible &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund (NCV) is currently considered Significantly Undervalued. The stock's GF Value™ is $55.59, compared to a current price of $17.31 — trading 68.9% below its estimated fair value. The current ROE % is 25.89%, which is 394% above median its 10-year median of 5.24 and 307.7% above the Asset Management industry median of 6.35. Virtus Convertible &ome Fund's overall GF Score™ is 41/100 with 5 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 Virtus Convertible &ome Fund (NCV), the current ROE % is 25.89% as of Jan. 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 Virtus Convertible &ome Fund (NCV) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund stock appears to be undervalued.
The current stock price of $17.31 is trading 68.9% below its estimated GF Value™ of $55.59.
GuruFocus considers Virtus Convertible &ome Fund to be Significantly Undervalued.
Key valuation signals for NCV:
ROE %: 25.89% (394% above median its 10-year median of 5.24)
GF Value™: $55.59 vs. price of $17.31 (68.9% below fair value)
Industry Position: 307.7% above the Asset Management median (#326 of 1615)
No single metric tells the full story. See the NCV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.
41GF Score
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