What is Nuveen Municipal Highome Opp Fund PB Ratio?
Nuveen Municipal Highome Opp FundNMZ +0.19%49 PB Ratio is 0.56 as of Jul. 06, 2026, which is 44% below its 10-year median of 1.00. GuruFocus rates NMZ with a GF Score™ of 49/100 and a GF Value™ of $27.89 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,603 Asset Management companies, Nuveen Municipal Highome Opp Fund ranks better than 87.21% on this metric.
NMZ'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1 Max: 1.24
Current: 0.56
During the past 13 years, Nuveen Municipal Highome Opp Fund's highest PB Ratio was 1.24. The lowest was 0.55. And the median was 1.00.
NMZ's PB Ratio is ranked better than 87.21% of 1603
companies
in the Asset Management industry
Industry Median: 0.96
vs NMZ: 0.56
During the past 12 months, Nuveen Municipal Highome Opp Fund's average Book Value Per Share Growth Rate was 81.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Municipal Highome Opp Fund was 5.70% per year. The lowest was -10.80% per year. And the median was 0.50% per year.
Back to Basics: PB Ratio
Nuveen Municipal Highome Opp Fund (NYSE:NMZ) 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 Municipal Highome Opp Fund PB Ratio Related Terms
Nuveen Municipal Highome Opp 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 Municipal Highome Opp 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 Municipal Highome Opp Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Municipal Highome Opp Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen Municipal Highome Opp Fund's PB Ratio falls into.
Nuveen Municipal Highome Opp 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 Municipal Highome Opp Fund (NMZ) has a PB Ratio of 0.56 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nuveen Municipal Highome Opp Fund and its competitors. This is 44% below median its historical median of 1.00. Over the past decade, Nuveen Municipal Highome Opp Fund's PB Ratio has ranged from 0.55 to 1.24. According to the industry distribution chart, Nuveen Municipal Highome Opp Fund ranks #205 out of 1603 companies in the Asset Management industry, placing it in the top 12.8%.
Is Nuveen Municipal Highome Opp Fund's PB Ratio too high?
Nuveen Municipal Highome Opp Fund's current PB Ratio of 0.56 is 44% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.24. The Asset Management industry median PB Ratio is 0.96. Nuveen Municipal Highome Opp Fund's value of 0.56 is 41.7% below this industry median. Based on the distribution chart, Nuveen Municipal Highome Opp Fund ranks #205 out of 1603 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Nuveen Municipal Highome Opp Fund has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nuveen Municipal Highome Opp Fund's PB Ratio compare to JFR and HQH?
According to the Asset Management industry distribution chart, Nuveen Municipal Highome Opp Fund ranks #205 out of 1603 companies for PB Ratio. This places Nuveen Municipal Highome Opp Fund in the top 13% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. Nuveen Municipal Highome Opp Fund's value of 0.56 is 41.7% below this benchmark. Historically, Nuveen Municipal Highome Opp Fund's own PB Ratio has ranged from 0.55 to 1.24 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.96, Nuveen Municipal Highome Opp 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 0.96, based on 1,603 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 Municipal Highome Opp Fund's current PB Ratio of 0.56 is 41.7% 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 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 Municipal Highome Opp 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 Municipal Highome Opp Fund's current PB Ratio is 0.56, which is 44% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Municipal Highome Opp Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Municipal Highome Opp Fund (NMZ) is currently considered Possible Value Trap. The stock's GF Value™ is $27.89, compared to a current price of $10.55 — trading 62.2% below its estimated fair value. The current PB Ratio is 0.56, which is 44% below median its 10-year median of 1.00 and 41.7% below the Asset Management industry median of 0.96. Nuveen Municipal Highome Opp Fund's overall GF Score™ is 49/100 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 Municipal Highome Opp Fund (NMZ), the current PB Ratio is 0.56 as of Jul. 06, 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 Municipal Highome Opp Fund (NMZ) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Municipal Highome Opp Fund stock appears to be undervalued.
The current stock price of $10.55 is trading 62.2% below its estimated GF Value™ of $27.89.
GuruFocus considers Nuveen Municipal Highome Opp Fund to be Possible Value Trap.
Key valuation signals for NMZ:
PB Ratio: 0.56 (44% below median its 10-year median of 1.00)
GF Value™: $27.89 vs. price of $10.55 (62.2% below fair value)
Industry Position: 41.7% below the Asset Management median (#205 of 1603)
No single metric tells the full story. See the NMZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Municipal Highome Opp Fund Business Description
Nuveen Municipal High Income Opp Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide high current income exempt from regular federal income tax. The Fund's secondary investment objective is to seek an attractive total return consistent with its primary objective.
49GF Score
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