What is Nuveen Variable Rate Preferred&Income PB Ratio?
Nuveen Variable Rate Preferred&IncomeNPFD +0.16%33 PB Ratio is 0.92 as of Jun. 25, 2026, which is 1% below its 10-year median of 0.93. GuruFocus rates NPFD with a GF Score™ of 33/100. The stock has 6 warning signs investors should review. Among 1,607 Asset Management companies, Nuveen Variable Rate Preferred&Income ranks better than 59.55% on this metric.
NPFD's PB Ratio is ranked better than 59.55% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs NPFD: 0.92
During the past 12 months, Nuveen Variable Rate Preferred&Income's average Book Value Per Share Growth Rate was 0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Variable Rate Preferred&Income was -1.60% per year. The lowest was -1.60% per year. And the median was -1.60% per year.
Back to Basics: PB Ratio
Nuveen Variable Rate Preferred&Income (NYSE:NPFD) 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 Variable Rate Preferred&Income PB Ratio Related Terms
Nuveen Variable Rate Preferred&Income 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 Variable Rate Preferred&Income PB Ratio Chart
Nuveen Variable Rate Preferred&Income Annual Data
Trend
Jul22
Jul23
Jul24
Jul25
PB Ratio
0.95
0.87
0.93
0.97
Nuveen Variable Rate Preferred&Income Semi-Annual Data
For the Asset Management subindustry, Nuveen Variable Rate Preferred&Income'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 Variable Rate Preferred&Income PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Variable Rate Preferred&Income's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen Variable Rate Preferred&Income's PB Ratio falls into.
Nuveen Variable Rate Preferred&Income 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 Variable Rate Preferred&Income (NPFD) has a PB Ratio of 0.92 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 Variable Rate Preferred&Income and its competitors. This is near median its historical median of 0.93. Over the past decade, Nuveen Variable Rate Preferred&Income's PB Ratio has ranged from 0.69 to 1.01. According to the industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #650 out of 1607 companies in the Asset Management industry, placing it in the top 40.4%.
Is Nuveen Variable Rate Preferred&Income's PB Ratio too high?
Nuveen Variable Rate Preferred&Income's current PB Ratio of 0.92 is near median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.01. The Asset Management industry median PB Ratio is 0.95. Nuveen Variable Rate Preferred&Income's value of 0.92 is 3.2% below this industry median. Based on the distribution chart, Nuveen Variable Rate Preferred&Income ranks #650 out of 1607 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Variable Rate Preferred&Income has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Variable Rate Preferred&Income's PB Ratio compare to FFA and ETB?
According to the Asset Management industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #650 out of 1607 companies for PB Ratio. This puts Nuveen Variable Rate Preferred&Income in the upper half of its industry. The industry median PB Ratio is 0.95. Nuveen Variable Rate Preferred&Income's value of 0.92 is 3.2% below this benchmark. Historically, Nuveen Variable Rate Preferred&Income's own PB Ratio has ranged from 0.69 to 1.01 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.95, Nuveen Variable Rate Preferred&Income 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 Variable Rate Preferred&Income's current PB Ratio of 0.92 is 3.2% 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 Variable Rate Preferred&Income 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 Variable Rate Preferred&Income's current PB Ratio is 0.92, which is near median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Variable Rate Preferred&Income stock overvalued right now?
Nuveen Variable Rate Preferred&Income (NPFD) has a current PB Ratio of 0.92. The current PB Ratio is 0.92, which is near median its 10-year median of 0.93 and 3.2% below the Asset Management industry median of 0.95. Nuveen Variable Rate Preferred&Income's overall GF Score™ is 33/100 with 6 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 Variable Rate Preferred&Income (NPFD), the current PB Ratio is 0.92 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.
Nuveen Variable Rate Preferred&Income Business Description
Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.
33GF Score
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