Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
What is Nuveen California Municipal Value Fund PB Ratio?
Nuveen California Municipal Value FundNCA 36 PB Ratio is 1.00 as of Jul. 17, 2026, which is 6% above its 10-year median of 0.94. GuruFocus rates NCA with a GF Score™ of 36/100. The stock has 5 warning signs investors should review. Among 1,600 Asset Management companies, Nuveen California Municipal Value Fund ranks worse than 57.5% on this metric.
NCA's PB Ratio is ranked worse than 57.5% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs NCA: 1.00
During the past 12 months, Nuveen California Municipal Value Fund's average Book Value Per Share Growth Rate was -0.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.50% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen California Municipal Value Fund was 1.50% per year. The lowest was -5.90% per year. And the median was -4.10% per year.
Back to Basics: PB Ratio
Nuveen California Municipal Value Fund (NYSE:NCA) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Nuveen California Municipal Value Fund PB Ratio Related Terms
Nuveen California Municipal Value Fund PB Ratio 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 California Municipal Value Fund PB Ratio Chart
Nuveen California Municipal Value Fund Annual Data
For the Asset Management subindustry, Nuveen California Municipal Value Fund's PB Ratio, along with its competitors' market caps and 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 California Municipal Value Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen California Municipal Value Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen California Municipal Value Fund's PB Ratio falls into.
Nuveen California Municipal Value Fund PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nuveen California Municipal Value Fund (NCA) has a PB Ratio of 1.00 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nuveen California Municipal Value Fund and its competitors. This is near median its historical median of 0.94. Over the past decade, Nuveen California Municipal Value Fund's PB Ratio has ranged from 0.78 to 1.09. According to the industry distribution chart, Nuveen California Municipal Value Fund ranks #920 out of 1600 companies in the Asset Management industry, placing it in the top 57.5%.
Is Nuveen California Municipal Value Fund's PB Ratio too high?
Nuveen California Municipal Value Fund's current PB Ratio of 1.00 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 1.09. The Asset Management industry median PB Ratio is 0.96. Nuveen California Municipal Value Fund's value of 1.00 is 4.2% above this industry median. Based on the distribution chart, Nuveen California Municipal Value Fund ranks #920 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen California Municipal Value Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen California Municipal Value Fund's PB Ratio compare to SSSS and EFR?
According to the Asset Management industry distribution chart, Nuveen California Municipal Value Fund ranks #920 out of 1600 companies for PB Ratio. This places Nuveen California Municipal Value Fund in the lower half of its industry. The industry median PB Ratio is 0.96. Nuveen California Municipal Value Fund's value of 1.00 is 4.2% above this benchmark. Historically, Nuveen California Municipal Value Fund's own PB Ratio has ranged from 0.78 to 1.09 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.96, Nuveen California Municipal Value 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen California Municipal Value Fund's current PB Ratio of 1.00 is 4.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nuveen California Municipal Value Fund and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen California Municipal Value Fund's current PB Ratio is 1.00, which is near median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen California Municipal Value Fund stock overvalued right now?
Nuveen California Municipal Value Fund (NCA) has a current PB Ratio of 1.00. The current PB Ratio is 1.00, which is near median its 10-year median of 0.94 and 4.2% above the Asset Management industry median of 0.96. Nuveen California Municipal Value Fund's overall GF Score™ is 36/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nuveen California Municipal Value Fund (NCA), the current PB Ratio is 1.00 as of Jul. 17, 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.
Nuveen California Municipal Value Fund Business Description
Nuveen California Municipal Value Fund Inc is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, New York State, and New York City income taxes, and from the federal alternative minimum tax for individuals, while enhancing portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds considered underrated, undervalued, or from undervalued municipal market sectors. It may invest in municipal securities such as lease obligations and certificates of participation, which provide an undivided interest in pools of municipal leases or installment purchase agreements.
36GF Score
Get the complete analysis for NCA
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NCA has been successfully added to your 
