Nuveen Multi-Assetome FundNMAI -0.72%46 Piotroski F-Score is 7 as of Jun. 26, 2026, which is at its 10-year median of 7.00. GuruFocus rates NMAI with a GF Score™ of 46/100 and a GF Value™ of $22.01 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,597 Asset Management companies, Nuveen Multi-Assetome Fund ranks better than 92.92% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nuveen Multi-Assetome Fund has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Nuveen Multi-Assetome Fund's Piotroski F-Score or its related term are showing as below:
NMAI'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 7 Max: 8
Current: 7
During the past 5 years, the highest Piotroski F-Score of Nuveen Multi-Assetome Fund was 8. The lowest was 2. And the median was 7.
Nuveen Multi-Assetome Fund (NYSE:NMAI) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Nuveen Multi-Assetome Fund Piotroski F-Score Related Terms
Nuveen Multi-Assetome Fund Piotroski F-Score 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.
Nuveen Multi-Assetome Fund Piotroski F-Score Chart
NMAI vs HPS, VVR, IFN: Piotroski F-Score Comparison
For the Asset Management subindustry, Nuveen Multi-Assetome Fund's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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-Assetome Fund Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Multi-Assetome Fund's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nuveen Multi-Assetome Fund's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Nuveen Multi-Assetome Fund's current Net Income (TTM) was 81.27.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Nuveen Multi-Assetome Fund's current Cash Flow from Operations (TTM) was 33.35.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Nuveen Multi-Assetome Fund's return on assets of this year was 0.12497635. Nuveen Multi-Assetome Fund's return on assets of last year was 0.05571649.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nuveen Multi-Assetome Fund's gearing of this year was 0.3165885. Nuveen Multi-Assetome Fund's gearing of last year was 0.31458146.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Nuveen Multi-Assetome Fund's current ratio of this year was 3.20891829. Nuveen Multi-Assetome Fund's current ratio of last year was 3.09742771.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Nuveen Multi-Assetome Fund's number of shares in issue this year was 33.442. Nuveen Multi-Assetome Fund's number of shares in issue last year was 33.75.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Nuveen Multi-Assetome Fund's net margin of this year was 0.98719615. Nuveen Multi-Assetome Fund's net margin of last year was 0.95450907.
==> This year's net margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Nuveen Multi-Assetome Fund's asset turnover of this year was 0.12659729. Nuveen Multi-Assetome Fund's asset turnover of last year was 0.05837188.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nuveen Multi-Assetome Fund has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Nuveen Multi-Assetome Fund (NMAI) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nuveen Multi-Assetome Fund and its competitors. This is near median its historical median of 7.00. Over the past decade, Nuveen Multi-Assetome Fund's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Nuveen Multi-Assetome Fund ranks #113 out of 1597 companies in the Asset Management industry, placing it in the top 7.1%.
Is Nuveen Multi-Assetome Fund's Piotroski F-Score too high?
Nuveen Multi-Assetome Fund's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Nuveen Multi-Assetome Fund's value of 7 is 40% above this industry median. Based on the distribution chart, Nuveen Multi-Assetome Fund ranks #113 out of 1597 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Nuveen Multi-Assetome Fund has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nuveen Multi-Assetome Fund's Piotroski F-Score compare to HPS and VVR?
According to the Asset Management industry distribution chart, Nuveen Multi-Assetome Fund ranks #113 out of 1597 companies for Piotroski F-Score. This places Nuveen Multi-Assetome Fund in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nuveen Multi-Assetome Fund's value of 7 is 40% above this benchmark. Historically, Nuveen Multi-Assetome Fund's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Nuveen Multi-Assetome Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,597 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Multi-Assetome Fund's current Piotroski F-Score of 7 is 40% above 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nuveen Multi-Assetome Fund and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Multi-Assetome Fund's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Multi-Assetome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Multi-Assetome Fund (NMAI) is currently considered Possible Value Trap. The stock's GF Value™ is $22.01, compared to a current price of $13.75 — trading 37.5% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Asset Management industry median of 5.00. Nuveen Multi-Assetome Fund's overall GF Score™ is 46/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Nuveen Multi-Assetome Fund (NMAI), the current Piotroski F-Score is 7 as of Jun. 26, 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 Multi-Assetome Fund (NMAI) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Multi-Assetome Fund stock appears to be undervalued.
The current stock price of $13.75 is trading 37.5% below its estimated GF Value™ of $22.01.
GuruFocus considers Nuveen Multi-Assetome Fund to be Possible Value Trap.
Key valuation signals for NMAI:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: $22.01 vs. price of $13.75 (37.5% below fair value)
Industry Position: 40% above the Asset Management median (#113 of 1597)
No single metric tells the full story. See the NMAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Multi-Asset Income Fund is a closed-end management investment company. The Fund dynamically invests in a portfolio of equity and debt securities of issuers located around the world. This dynamic investment uses a risk-based framework in which any amount can be allocated to an asset-class at any time. The Fund's investment objective is to provide total return through high current income and capital appreciation.
46GF Score
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