Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest (ETB)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I start by asking what I own. This is not an operating company but a closed-end fund that holds large-cap US equities and writes index call options. At the close on 2026-10-13, the price was $15.54 and market cap was $443.3M. FairStock calculates a P/E of 5.49 and a P/B of 0.92, so the shares trade below book value. Its Graham Number is $32.74, implying a 52.54% margin of safety, and the dividend yield is 8.17%. That looks statistically cheap. But Graham would warn me not to confuse a fund discount with a durable moat. The strategy can produce income and tax-managed distributions, yet writing calls caps upside in strong markets. Quality is mixed: ROE is 17.88%, which is attractive, but ROCE is only 0.07%, and the Piotroski F-Score is 1/9, a weak reading. The Altman Z-Score of 79.80 suggests high solvency by that model, though for a fund it is less meaningful. Beta is 0.94, roughly market-like. Growth is a blank: revenue and profit growth are not provided, and the Lynch category is none because there are only 0 year(s) of filed results and 3 are needed. The FairStock Score is 52/100. So I see a high-yield, discount-to-book candidate, but without growth data and with weak Piotroski momentum, I would demand a larger discount before calling it a compelling value.

In plain English: This is a closed-end fund that owns large US stocks, sells options to generate income, and aims to manage taxes. Its price is below its accounting value and it pays a high income, but the business strength signals are mixed and long-term growth information is missing. Based on the numbers, it looks inexpensive on some measures, but it is not clearly a strong business.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer