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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Nuveen Mortgage Andome Fund Price-to-Tangible-Book Related Terms
Nuveen Mortgage Andome Fund Price-to-Tangible-Book 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 Mortgage Andome Fund Price-to-Tangible-Book Chart
JLS vs GCV, GDL, MGF: Price-to-Tangible-Book Comparison
For the Asset Management subindustry, Nuveen Mortgage Andome Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Mortgage Andome Fund Price-to-Tangible-Book vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Mortgage Andome Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Nuveen Mortgage Andome Fund's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Nuveen Mortgage Andome Fund (JLS) has a Price-to-Tangible-Book of 0.87 as of Sep. 21, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Nuveen Mortgage Andome Fund and its competitors. According to the industry distribution chart, Nuveen Mortgage Andome Fund ranks #573 out of 1522 companies in the Asset Management industry, placing it in the top 37.6%.
Is Nuveen Mortgage Andome Fund's Price-to-Tangible-Book too high?
Nuveen Mortgage Andome Fund's current Price-to-Tangible-Book is 0.87. The Asset Management industry median Price-to-Tangible-Book is 0.92. Nuveen Mortgage Andome Fund's value of 0.87 is 5.4% below this industry median. Based on the distribution chart, Nuveen Mortgage Andome Fund ranks #573 out of 1522 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Mortgage Andome Fund has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Mortgage Andome Fund's Price-to-Tangible-Book compare to GCV and GDL?
According to the Asset Management industry distribution chart, Nuveen Mortgage Andome Fund ranks #573 out of 1522 companies for Price-to-Tangible-Book. This puts Nuveen Mortgage Andome Fund in the upper half of its industry. The industry median Price-to-Tangible-Book is 0.92. Nuveen Mortgage Andome Fund's value of 0.87 is 5.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Asset Management company?
The median Price-to-Tangible-Book among Asset Management companies is 0.92, based on 1,522 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Mortgage Andome Fund's current Price-to-Tangible-Book of 0.87 is 5.4% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Nuveen Mortgage Andome Fund and its competitors. For the Asset Management industry, the median Price-to-Tangible-Book is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Mortgage Andome Fund's current Price-to-Tangible-Book is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Mortgage Andome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Mortgage Andome Fund (JLS) is currently considered Fairly Valued. The stock's GF Value™ is $16.78, compared to a current price of $16.39 — trading 2.3% below its estimated fair value. The current Price-to-Tangible-Book is 0.87 and 5.4% below the Asset Management industry median of 0.92. Nuveen Mortgage Andome Fund's overall GF Score™ is 40/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Nuveen Mortgage Andome Fund (JLS), the current Price-to-Tangible-Book is 0.87 as of Sep. 21, 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 Mortgage Andome Fund (JLS) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Mortgage Andome Fund stock appears to be undervalued.
The current stock price of $16.39 is trading 2.3% below its estimated GF Value™ of $16.78.
GuruFocus considers Nuveen Mortgage Andome Fund to be Fairly Valued.
Key valuation signals for JLS:
Price-to-Tangible-Book: 0.87
GF Value™: $16.78 vs. price of $16.39 (2.3% below fair value)
Industry Position: 5.4% below the Asset Management median (#573 of 1522)
No single metric tells the full story. See the JLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Mortgage And Income Fund is a diversified, closed-end management investment company. The fund invests at least fifty percent of its Managed Assets in MBS, including residential MBS and commercial MBS, and up to fifty percent in non-mortgage related ABS. The Fund's investment objective is to provide a high level of current income.
40GF Score
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