Vanguard Intermediate Term Tax-Exempt Fund Overview
Valuation check: VWITX's ROE is 3.66%, below the sector sector average of 11.73%.
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+ Follow3.66%
Return on Equity measures how efficiently a company uses shareholders' equity to generate profits. A higher ROE indicates better profitability relative to equity.
Vanguard Intermediate Term Tax-Exempt Fund posts a ROE of 3.66%. That is below the sector sector average of 11.73%. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.
For its sector stocks, a ROE near 11.73% is typical. Vanguard Intermediate Term Tax-Exempt Fund's 3.66% is lower that level. That is roughly 68.8% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.
Vanguard Intermediate Term Tax-Exempt Fund's ROE moves when the underlying profit, equity, or asset base changes. Cost cuts, pricing power, buybacks, write-downs, and cyclical swings can all shift the percentage. The latest reading is 3.66%; use YoY and peer views to separate noise from signal.
Context for VWITX's ROE usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 11.73%), and (3) consistency with growth and profitability. This page covers the first two; Vanguard Intermediate Term Tax-Exempt Fund's other metric pages and overview cover the third.
