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NML's PB Ratio is ranked worse than 69.69% of 1600
companies
in the Asset Management industry
Industry Median: 0.945
vs NML: 1.10
During the past 12 months, Neuberger Berman Energy Infrastructure &ome Fund's average Book Value Per Share Growth Rate was -6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Neuberger Berman Energy Infrastructure &ome Fund was 23.40% per year. The lowest was -23.70% per year. And the median was -9.10% per year.
Back to Basics: PB Ratio
Neuberger Berman Energy Infrastructure &ome Fund (AMEX:NML) 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.
Neuberger Berman Energy Infrastructure &ome Fund PB Ratio Related Terms
Neuberger Berman Energy Infrastructure &ome 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.
Neuberger Berman Energy Infrastructure &ome Fund PB Ratio Chart
Neuberger Berman Energy Infrastructure &ome Fund Annual Data
* 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.
Neuberger Berman Energy Infrastructure &ome Fund PB Ratio vs Asset Management Industry
Neuberger Berman Energy Infrastructure &ome 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.
Neuberger Berman Energy Infrastructure &ome Fund (NML) has a PB Ratio of 1.10 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Neuberger Berman Energy Infrastructure &ome Fund and its competitors. This is 22% above median its historical median of 0.90. Over the past decade, Neuberger Berman Energy Infrastructure &ome Fund's PB Ratio has ranged from 0.23 to 1.29. According to the industry distribution chart, Neuberger Berman Energy Infrastructure &ome Fund ranks #1115 out of 1600 companies in the Asset Management industry, placing it in the top 69.7%.
Is Neuberger Berman Energy Infrastructure &ome Fund's PB Ratio too high?
Neuberger Berman Energy Infrastructure &ome Fund's current PB Ratio of 1.10 is 22% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.29. The Asset Management industry median PB Ratio is 0.95. Neuberger Berman Energy Infrastructure &ome Fund's value of 1.10 is 16.4% above this industry median. Based on the distribution chart, Neuberger Berman Energy Infrastructure &ome Fund ranks #1115 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, Neuberger Berman Energy Infrastructure &ome Fund has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Energy Infrastructure &ome Fund's PB Ratio compare to VKQ and CHW?
According to the Asset Management industry distribution chart, Neuberger Berman Energy Infrastructure &ome Fund ranks #1115 out of 1600 companies for PB Ratio. This places Neuberger Berman Energy Infrastructure &ome Fund in the lower half of its industry. The industry median PB Ratio is 0.95. Neuberger Berman Energy Infrastructure &ome Fund's value of 1.10 is 16.4% above this benchmark. Historically, Neuberger Berman Energy Infrastructure &ome Fund's own PB Ratio has ranged from 0.23 to 1.29 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.95, Neuberger Berman Energy Infrastructure &ome 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 0.95, 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. Neuberger Berman Energy Infrastructure &ome Fund's current PB Ratio of 1.10 is 16.4% 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 Neuberger Berman Energy Infrastructure &ome Fund and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Berman Energy Infrastructure &ome Fund's current PB Ratio is 1.10, which is 22% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Energy Infrastructure &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Berman Energy Infrastructure &ome Fund (NML) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.50, compared to a current price of $10.72 — trading 2044% above its estimated fair value. The current PB Ratio is 1.10, which is 22% above median its 10-year median of 0.90 and 16.4% above the Asset Management industry median of 0.95. Neuberger Berman Energy Infrastructure &ome Fund's overall GF Score™ is 31/100 with 10 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 Neuberger Berman Energy Infrastructure &ome Fund (NML), the current PB Ratio is 1.10 as of Jul. 25, 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 Neuberger Berman Energy Infrastructure &ome Fund (NML) Overvalued in 2026?
Based on GuruFocus' analysis, Neuberger Berman Energy Infrastructure &ome Fund stock appears to be overvalued.
The current stock price of $10.72 is trading 2044% above its estimated GF Value™ of $0.50.
GuruFocus considers Neuberger Berman Energy Infrastructure &ome Fund to be Significantly Overvalued.
Key valuation signals for NML:
PB Ratio: 1.10 (22% above median its 10-year median of 0.90)
GF Value™: $0.50 vs. price of $10.72 (2044% above fair value)
Industry Position: 16.4% above the Asset Management median (#1115 of 1600)
No single metric tells the full story. See the NML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neuberger Berman Energy Infrastructure &ome Fund Business Description
Neuberger Berman Energy Infrastructure & Income Fund Inc is a closed-end investment management company based in the United States. Invest in Capital Markets, Chemicals, Oil, Gas & Consumable Fuels, Electric Utilities, Independent Power and Renewable Electricity Producers, Multi Utilities. Maximum is done in Oil, Gas & Consumable Fuels.
31GF Score
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