Nuveen Multi-Marketome FundJMM +0.68%48 Pretax Margin % is 95.56% as of Dec. 2025, which is 0% below its 10-year median of 95.68. GuruFocus rates JMM with a GF Score™ of 48/100 and a GF Value™ of $7.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,572 Asset Management companies, Nuveen Multi-Marketome Fund ranks better than 60.11% on this metric.
The historical rank and industry rank for Nuveen Multi-Marketome Fund's Pretax Margin % or its related term are showing as below:
JMM'
s Pretax Margin % Range Over the Past 10 Years
Min: 86 Med: 95.68 Max: 112.63
Current: 96.49
JMM's Pretax Margin % is ranked better than 60.11% of 1572
companies
in the Asset Management industry
Industry Median: 89.835
vs JMM: 96.49
Nuveen Multi-Marketome Fund (NYSE:JMM) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Nuveen Multi-Marketome Fund Pretax Margin % Related Terms
Nuveen Multi-Marketome Fund Pretax Margin % 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.
JMM vs MXE, BENF, MGLD: Pretax Margin % Comparison
For the Asset Management subindustry, Nuveen Multi-Marketome Fund's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Multi-Marketome Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Multi-Marketome Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nuveen Multi-Marketome Fund's Pretax Margin % falls into.
* 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 Multi-Marketome Fund (JMM) has a Pretax Margin % of 95.56% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nuveen Multi-Marketome Fund and its competitors. This is near median its historical median of 95.68. Over the past decade, Nuveen Multi-Marketome Fund's Pretax Margin % has ranged from 86.00 to 112.63. According to the industry distribution chart, Nuveen Multi-Marketome Fund ranks #627 out of 1572 companies in the Asset Management industry, placing it in the top 39.9%.
Is Nuveen Multi-Marketome Fund's Pretax Margin % too high?
Nuveen Multi-Marketome Fund's current Pretax Margin % of 95.56% is near median its 10-year median of 95.68. Over the past 10 years, this metric has ranged from a low of 86.00 to a high of 112.63. The Asset Management industry median Pretax Margin % is 89.84. Nuveen Multi-Marketome Fund's value of 95.56% is 6.4% above this industry median. Based on the distribution chart, Nuveen Multi-Marketome Fund ranks #627 out of 1572 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Multi-Marketome Fund has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Multi-Marketome Fund's Pretax Margin % compare to MXE and BENF?
According to the Asset Management industry distribution chart, Nuveen Multi-Marketome Fund ranks #627 out of 1572 companies for Pretax Margin %. This puts Nuveen Multi-Marketome Fund in the upper half of its industry. The industry median Pretax Margin % is 89.84. Nuveen Multi-Marketome Fund's value of 95.56% is 6.4% above this benchmark. Historically, Nuveen Multi-Marketome Fund's own Pretax Margin % has ranged from 86.00 to 112.63 over the past decade. While the company's 10-year median is 95.68 vs. the industry median of 89.84, Nuveen Multi-Marketome 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.84, based on 1,572 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Multi-Marketome Fund's current Pretax Margin % of 95.56% is 6.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nuveen Multi-Marketome Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Multi-Marketome Fund's current Pretax Margin % is 95.56%, which is near median its own 10-year median of 95.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Multi-Marketome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Multi-Marketome Fund (JMM) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.55, compared to a current price of $5.90 — trading 21.9% below its estimated fair value. The current Pretax Margin % is 95.56%, which is near median its 10-year median of 95.68 and 6.4% above the Asset Management industry median of 89.84. Nuveen Multi-Marketome Fund's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Nuveen Multi-Marketome Fund (JMM), the current Pretax Margin % is 95.56% as of Dec. 2025. 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 Multi-Marketome Fund (JMM) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Multi-Marketome Fund stock appears to be undervalued.
The current stock price of $5.90 is trading 21.9% below its estimated GF Value™ of $7.55.
GuruFocus considers Nuveen Multi-Marketome Fund to be Modestly Undervalued.
Key valuation signals for JMM:
Pretax Margin %: 95.56% (near median its 10-year median of 95.68)
GF Value™: $7.55 vs. price of $5.90 (21.9% below fair value)
Industry Position: 6.4% above the Asset Management median (#627 of 1572)
No single metric tells the full story. See the JMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Multi-Market Income Fund is a United States-based closed-end management investment company. The investment objective of the company is to provide high monthly income consistent with prudent risk to capital. The fund predominantly invests in debt securities, including, but not limited to, residential and commercial mortgage-backed securities, asset-backed securities, corporate debt obligations, convertible debt securities, U.S. government securities, and other such fixed income instruments. It may also invest in preferred stocks.
48GF Score
Get the complete analysis for JMM
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JMM has been successfully added to your 
