Nuveen Core Equity Alpha FundJCE -0.70%46 PB Ratio is 0.93 as of Jun. 25, 2026, which is 8% below its 10-year median of 1.01. GuruFocus rates JCE with a GF Score™ of 46/100 and a GF Value™ of $15.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,607 Asset Management companies, Nuveen Core Equity Alpha Fund ranks better than 55.57% on this metric.
The historical rank and industry rank for Nuveen Core Equity Alpha Fund's PB Ratio or its related term are showing as below:
JCE'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.01 Max: 1.2
Current: 0.93
During the past 9 years, Nuveen Core Equity Alpha Fund's highest PB Ratio was 1.20. The lowest was 0.60. And the median was 1.01.
JCE's PB Ratio is ranked better than 55.57% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs JCE: 0.93
During the past 12 months, Nuveen Core Equity Alpha Fund's average Book Value Per Share Growth Rate was 9.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Core Equity Alpha Fund was 12.00% per year. The lowest was -7.10% per year. And the median was -1.35% per year.
Back to Basics: PB Ratio
Nuveen Core Equity Alpha Fund (NYSE:JCE) 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 Core Equity Alpha Fund PB Ratio Related Terms
Nuveen Core Equity Alpha 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.
For the Asset Management subindustry, Nuveen Core Equity Alpha 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 Core Equity Alpha Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Core Equity Alpha Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen Core Equity Alpha Fund's PB Ratio falls into.
Nuveen Core Equity Alpha 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 Core Equity Alpha Fund (JCE) has a PB Ratio of 0.93 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nuveen Core Equity Alpha Fund and its competitors. This is near median its historical median of 1.01. Over the past decade, Nuveen Core Equity Alpha Fund's PB Ratio has ranged from 0.60 to 1.20. According to the industry distribution chart, Nuveen Core Equity Alpha Fund ranks #714 out of 1607 companies in the Asset Management industry, placing it in the top 44.4%.
Is Nuveen Core Equity Alpha Fund's PB Ratio too high?
Nuveen Core Equity Alpha Fund's current PB Ratio of 0.93 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.20. The Asset Management industry median PB Ratio is 0.95. Nuveen Core Equity Alpha Fund's value of 0.93 is 2.1% below this industry median. Based on the distribution chart, Nuveen Core Equity Alpha Fund ranks #714 out of 1607 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Core Equity Alpha Fund has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Core Equity Alpha Fund's PB Ratio compare to XFLT and TDF?
According to the Asset Management industry distribution chart, Nuveen Core Equity Alpha Fund ranks #714 out of 1607 companies for PB Ratio. This puts Nuveen Core Equity Alpha Fund in the upper half of its industry. The industry median PB Ratio is 0.95. Nuveen Core Equity Alpha Fund's value of 0.93 is 2.1% below this benchmark. Historically, Nuveen Core Equity Alpha Fund's own PB Ratio has ranged from 0.60 to 1.20 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.95, Nuveen Core Equity Alpha Fund has consistently been below 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 1,607 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 Core Equity Alpha Fund's current PB Ratio of 0.93 is 2.1% 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 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 Core Equity Alpha 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. Nuveen Core Equity Alpha Fund's current PB Ratio is 0.93, which is near median its own 10-year median of 1.01. 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 Fairly Valued. The stock's GF Value™ is $15.42, compared to a current price of $15.69 — trading 1.8% above its estimated fair value. The current PB Ratio is 0.93, which is near median its 10-year median of 1.01 and 2.1% below the Asset Management industry median of 0.95. Nuveen Core Equity Alpha Fund's overall GF Score™ is 46/100 with 7 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 Core Equity Alpha Fund (JCE), the current PB Ratio is 0.93 as of Jun. 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 Nuveen Core Equity Alpha Fund (JCE) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Core Equity Alpha Fund stock appears to be overvalued.
The current stock price of $15.69 is trading 1.8% above its estimated GF Value™ of $15.42.
GuruFocus considers Nuveen Core Equity Alpha Fund to be Fairly Valued.
Key valuation signals for JCE:
PB Ratio: 0.93 (near median its 10-year median of 1.01)
GF Value™: $15.42 vs. price of $15.69 (1.8% above fair value)
Industry Position: 2.1% below the Asset Management median (#714 of 1607)
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 Business Description
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.
46GF Score
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