Eaton Vance Corporation Eaton Vance Tax-Managed Buy-Write Opportunities Fund Common Shares of Beneficial Interest (ETV)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

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

As a value investor, I start by asking what I own. This is not an operating company but a closed-end fund that holds U.S. equities and writes call options on one or more U.S. indices, aiming for tax-managed income. The price at the close on 2026-10-13 was $15.05, market cap $1.7B, and FairStock calculations show P/E 5.97, P/B 0.95, EPS $2.52, ROE 16.62%, ROCE -0.01%, dividend yield 7.92%, and beta 0.86. The Graham Number is $29.95, implying a 49.75% margin of safety, and Altman Z-Score is 57.30. Those are eye-catching, but they come with caveats: the Piotroski F-Score is only 1/9, FairStock Score is 50/100, and D/E is N/A. Revenue and profit growth are N/A, and Lynch category is none because only 0 years of filed results are available in this dataset. The fund's moat is essentially the manager's process and tax-managed buy-write strategy; closed-end funds rarely have durable competitive advantages. The high yield and discount to accounting value may reflect the market's caution about the option overlay and distribution sustainability, though I cannot verify coverage from the data. Competition is fee- and performance-based. If the underlying equity portfolio earns roughly the stated ROE and options add income without choking upside, today's price could be cheap. But weak financial-strength signals and missing growth history mean I would demand a wider discount or clearer evidence before calling it a bargain.

In plain English: Eaton Vance Tax-Managed Buy-Write Opportunities Fund owns a mix of U.S. stocks and sells options to generate income for shareholders. The fund looks inexpensive compared with its accounting value and reported earnings, and it pays a high income yield, but one financial-strength check is weak and there is little filed results history in the data. Overall, the numbers look mixed-to-cheap rather than clearly strong.

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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