Eaton Vance Corporation Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund Common Shares of Beneficial Interest (ETW)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

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

I see a closed-end global equity buy-write fund trading at $9.64 on 2026-10-13, with a $1.0 billion market cap. On FairStock's calculations, it sells for 0.90 times book and 4.68 times earnings, yields 8.27%, and has a beta of 0.86. The Graham Number is $22.32, implying a 56.81% margin of safety, and ROE is 20.36%. That looks statistically cheap. But I am a skeptic when numbers come from a fund rather than an operating business. The strategy buys global stocks and writes index calls, so upside is capped while fees and distributions continue. ROCE is only 0.43%, and the Piotroski F-Score is 1/9, so the quality evidence is poor. The Altman Z-Score of 40.17 may look fortress-like, but it is not designed for a fund. There is no revenue or profit growth data, no debt-to-equity figure, and only 0 years of filed results, so FairStock assigns no Lynch category. Price is near the top of the 52-week range of $8.46 to $9.95. A 0.90 P/B and 8.27% yield could be a bargain if book value and distributions are sound; if not, the discount is a warning. FairStock score 54/100 captures that mixed picture. I would want more history, distribution coverage, and book-value clarity before calling this a durable value.

In plain English: This fund owns a mix of global stocks and sells options on stock indexes to generate income. It pays a high dividend and trades a little below its stated book value, and one value estimate suggests the shares may be cheap. But it has almost no filing history and weak financial quality signals, so the fund is hard to judge and carries real risk.

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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