Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

ETY

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Market Cap$2.36B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Eaton Vance Tax-Managed Diversified Equity Income FundEaton Vance Tax-Managed Diversified Equity Income Fund9.37.94%26%14.8-
$-0.01

Current Fair Value

100% downside

Overvalued by 100% based on the discounted cash flow analysis.

Share Statistics

Market cap$2.36 Billion
Enterprise Value$2.36 Billion
Dividend Yield$1.19 (7.94%)
Earnings per Share$1.93
Beta1
Outstanding Shares158,188,876

Return

Return on Equity25.52%ROE
Return on Assets25.35%
Return on Invested Capital12.08%

Valuation & Multiples

P/E Ratio9.28P/E Ratio
PEG8.06PEG
Price to Sales14.78Price to Sales
Price to Book Ratio0.99Price to Book Ratio
Enterprise Value to Revenue11
Enterprise Value to EBIT7.8
Enterprise Value to Net Income3
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.00000%
Total Calls-
Total Puts-

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %23.96% 0.95%
Total Invested$523.21M 6.38%
Investors Holding205 1.00%

ESG Score

No data

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund managed by Eatonm Vance. The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital ...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official 'revenue estimates' and technical expertise for all tax legislation. Given ETY's tax-managed strategy, its analysis and influence on corporate tax structures are critical and directly impact the fund's value proposition.

Finance

This committee controls taxation, which is central to ETY's explicit objective to 'minimize and defer federal income taxes incurred by shareholders.' Its decisions directly impact corporate valuations and the fund's after-tax returns.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates the derivatives/futures market. Since ETY 'writes (sells) S&P 500® Index call options' (a form of derivative), the committee directly impacts a core part of the fund's investment strategy and operational environment.

Banking, Housing, and Urban Affairs

This committee directly regulates the entire financial system, including the SEC, which oversees investment funds like ETY. Its decisions on capital requirements and financial regulation directly impact the fund's operating environment and investment universe.