Is Eaton Vance Tax-Managed Diversified Equity Income Fund overvalued?

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) looks fairly valued — trading about 8% below its fair value.

Fairly valued

Price

$14.64

Fair value

$15.83

Current P/E

7.6

Normal P/E

8.2

Market cap

$2.33B

Dividend yield

7.5%

Return on equity

12.3%

Sector

Financial Services

Fair value compares ETY's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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