JMM (Nuveen Multi-Marketome Fund) Cyclically Adjusted PB Ratio: (As of Jul. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JMM Nuveen Multi-Market Income Fund JMM
48 GF Score
Price $5.81
GF Value $7.55
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Nuveen Multi-Marketome Fund Cyclically Adjusted PB Ratio?

Nuveen Multi-Marketome Fund does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nuveen Multi-Marketome Fund  (NYSE:JMM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Nuveen Multi-Marketome Fund Cyclically Adjusted PB Ratio Related Terms


Nuveen Multi-Marketome Fund Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nuveen Multi-Marketome Fund's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Multi-Marketome Fund Cyclically Adjusted PB Ratio Chart

Nuveen Multi-Marketome Fund Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
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Nuveen Multi-Marketome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

JMM vs MXE, BENF, MGLD: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Nuveen Multi-Marketome Fund's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nuveen Multi-Marketome Fund Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Multi-Marketome Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nuveen Multi-Marketome Fund's Cyclically Adjusted PB Ratio falls into.


JMM
48GF Score
Nuveen Multi-Market Income Fund JMM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Multi-Marketome Fund Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Nuveen Multi-Marketome Fund does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Is Nuveen Multi-Marketome Fund (JMM) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen Multi-Marketome Fund stock appears to be undervalued. The current stock price of $5.81 is trading 23% below its estimated GF Value™ of $7.55. GuruFocus considers Nuveen Multi-Marketome Fund to be Modestly Undervalued.

Key valuation signals for JMM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $7.55 vs. price of $5.81 (23% below fair value)
  • GF Score™: 48/100 with 2 warning signs

No single metric tells the full story. See the JMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nuveen Multi-Marketome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Multi-Market Income Fund is a United States-based closed-end management investment company. The investment objective of the company is to provide high monthly income consistent with prudent risk to capital. The fund predominantly invests in debt securities, including, but not limited to, residential and commercial mortgage-backed securities, asset-backed securities, corporate debt obligations, convertible debt securities, U.S. government securities, and other such fixed income instruments. It may also invest in preferred stocks.
48GF Score

Get the complete analysis for JMM

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.81
Price
$7.55
GF Value