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Nuveen Core Equity Alpha Fund (NYSE:JCE) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Nuveen Core Equity Alpha Fund's Enterprise Value for the quarter that ended in Jun. 2026 was $271.61 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen Core Equity Alpha Fund's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $52.60 Mil.
* 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 Core Equity Alpha Fund EV-to-EBIT Related Terms
Nuveen Core Equity Alpha Fund EV-to-EBIT Historical Data
* 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.
For the Asset Management subindustry, Nuveen Core Equity Alpha Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 Core Equity Alpha Fund EV-to-EBIT vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Core Equity Alpha Fund's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Nuveen Core Equity Alpha Fund's EV-to-EBIT falls into.
Nuveen Core Equity Alpha Fund's current Enterprise Value is $288.64 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen Core Equity Alpha Fund's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $52.60 Mil.
* 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 Core Equity Alpha Fund (JCE) has a EV-to-EBIT of 5.49 as of Sep. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Nuveen Core Equity Alpha Fund and its competitors. According to the industry distribution chart, Nuveen Core Equity Alpha Fund ranks #243 out of 859 companies in the Asset Management industry, placing it in the top 28.3%.
Is Nuveen Core Equity Alpha Fund's EV-to-EBIT too high?
Nuveen Core Equity Alpha Fund's current EV-to-EBIT is 5.49. The Asset Management industry median EV-to-EBIT is 9.75. Nuveen Core Equity Alpha Fund's value of 5.49 is 43.7% below this industry median. Based on the distribution chart, Nuveen Core Equity Alpha Fund ranks #243 out of 859 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Core Equity Alpha Fund has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Core Equity Alpha Fund's EV-to-EBIT compare to OIA and DSM?
According to the Asset Management industry distribution chart, Nuveen Core Equity Alpha Fund ranks #243 out of 859 companies for EV-to-EBIT. This puts Nuveen Core Equity Alpha Fund in the upper half of its industry. The industry median EV-to-EBIT is 9.75. Nuveen Core Equity Alpha Fund's value of 5.49 is 43.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Asset Management company?
The median EV-to-EBIT among Asset Management companies is 9.75, based on 859 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Core Equity Alpha Fund's current EV-to-EBIT of 5.49 is 43.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Nuveen Core Equity Alpha Fund and its competitors. For the Asset Management industry, the median EV-to-EBIT is 9.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Core Equity Alpha Fund's current EV-to-EBIT is 5.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Core Equity Alpha Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Core Equity Alpha Fund (JCE) is currently considered Modestly Undervalued. The stock's GF Value™ is $22.15, compared to a current price of $16.98 — trading 23.4% below its estimated fair value. The current EV-to-EBIT is 5.49 and 43.7% below the Asset Management industry median of 9.75. Nuveen Core Equity Alpha Fund's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Nuveen Core Equity Alpha Fund (JCE), the current EV-to-EBIT is 5.49 as of Sep. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nuveen Core Equity Alpha Fund (JCE) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Core Equity Alpha Fund stock appears to be undervalued.
The current stock price of $16.98 is trading 23.4% below its estimated GF Value™ of $22.15.
GuruFocus considers Nuveen Core Equity Alpha Fund to be Modestly Undervalued.
Key valuation signals for JCE:
EV-to-EBIT: 5.49
GF Value™: $22.15 vs. price of $16.98 (23.4% below fair value)
Industry Position: 43.7% below the Asset Management median (#243 of 859)
No single metric tells the full story. See the JCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Core Equity Alpha Fund is a diversified closed-end management investment company. Its investment objective is to seek attractive total return with less volatility than the S&P 500 Index. The Fund invests in a portfolio of actively managed large-capitalization U.S. common stocks, using the sub-adviser's proprietary quantitative process designed to provide the potential for long-term outperformance. Additionally, the Fund seeks to reduce the volatility of its returns relative to the returns of the Equity Portfolio over extended periods by writing (selling) index call options and/or call options on custom baskets of securities.
58GF Score
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