ETV (Eaton Vance Tax-Managed Buy-Write Opp) Scaled Net Operating Assets: 1.06 (As of Dec. 2025)


ETV Eaton Vance Tax-Managed Buy-Write Opp ETV
60 GF Score
Price $14.58
GF Value $12.29
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Eaton Vance Tax-Managed Buy-Write Opp Scaled Net Operating Assets?

Eaton Vance Tax-Managed Buy-Write Opp ETV +0.14% 60 Scaled Net Operating Assets is 1.06 as of Dec. 2025. GuruFocus rates ETV with a GF Score™ of 60/100 and a GF Value™ of $12.29 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Eaton Vance Tax-Managed Buy-Write Opp's operating assets for the quarter that ended in Dec. 2025 was $1,836.0 Mil. Eaton Vance Tax-Managed Buy-Write Opp's operating liabilities for the quarter that ended in Dec. 2025 was $8.1 Mil. Eaton Vance Tax-Managed Buy-Write Opp's Total Assets for the quarter that ended in Jun. 2025 was $1,732.0 Mil. Therefore, Eaton Vance Tax-Managed Buy-Write Opp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.06.

ETV
60GF Score
Eaton Vance Tax-Managed Buy-Write Opp ETV
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Eaton Vance Tax-Managed Buy-Write Opp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Eaton Vance Tax-Managed Buy-Write Opp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1835.99-8.08)/1757.154
=1.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1836.017 - 0.027
=1835.99

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8.08 - 0 - 0
=8.08

Eaton Vance Tax-Managed Buy-Write Opp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1835.99-8.08)/1732.015
=1.06

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1836.017 - 0.027
=1835.99

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8.08 - 0 - 0
=8.08

* 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.

What does a Scaled Net Operating Assets of 1.06 mean?
Eaton Vance Tax-Managed Buy-Write Opp (ETV) has a Scaled Net Operating Assets of 1.06 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Eaton Vance Tax-Managed Buy-Write Opp and its competitors.
Is Eaton Vance Tax-Managed Buy-Write Opp's Scaled Net Operating Assets too high?
Eaton Vance Tax-Managed Buy-Write Opp's current Scaled Net Operating Assets is 1.06. Overall, Eaton Vance Tax-Managed Buy-Write Opp has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance Tax-Managed Buy-Write Opp's Scaled Net Operating Assets compare to GAB and BST?
Eaton Vance Tax-Managed Buy-Write Opp's Scaled Net Operating Assets of 1.06 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Eaton Vance Tax-Managed Buy-Write Opp and its competitors. Eaton Vance Tax-Managed Buy-Write Opp's current Scaled Net Operating Assets is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance Tax-Managed Buy-Write Opp stock overvalued right now?
Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Write Opp (ETV) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.29, compared to a current price of $14.58 — trading 18.6% above its estimated fair value. The current Scaled Net Operating Assets is 1.06. Eaton Vance Tax-Managed Buy-Write Opp's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Eaton Vance Tax-Managed Buy-Write Opp (ETV), the current Scaled Net Operating Assets is 1.06 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 Eaton Vance Tax-Managed Buy-Write Opp (ETV) Overvalued in 2026?

Based on GuruFocus' analysis, Eaton Vance Tax-Managed Buy-Write Opp stock appears to be overvalued. The current stock price of $14.58 is trading 18.6% above its estimated GF Value™ of $12.29. GuruFocus considers Eaton Vance Tax-Managed Buy-Write Opp to be Modestly Overvalued.

Key valuation signals for ETV:

  • Scaled Net Operating Assets: 1.06
  • GF Value™: $12.29 vs. price of $14.58 (18.6% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the ETV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Eaton Vance Tax-Managed Buy-Write Opp Business Description

Address One Post Office Square, Boston, MA, USA, 02109
Eaton Vance Tax-Managed Buy-Write Opp is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks, designated segments of which seek to exceed the total return performance of the S&P 500 and the NASDAQ-100.
60GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.58
Price
$12.29
GF Value