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Nuveen California Municipal Value FundNCA -0.78%36 Return-on-Tangible-Asset is 14.46% as of Feb. 2026, which is 1115% above its 10-year median of 1.19. GuruFocus rates NCA with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,638 Asset Management companies, Nuveen California Municipal Value Fund ranks worse than 53.6% on this metric.
NCA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.04 Med: 1.19 Max: 11.8
Current: 3.69
During the past 8 years, Nuveen California Municipal Value Fund's highest Return-on-Tangible-Asset was 11.80%. The lowest was -8.04%. And the median was 1.19%.
NCA's Return-on-Tangible-Asset is ranked worse than 53.6% of 1638
companies
in the Asset Management industry
Industry Median: 4.3
vs NCA: 3.69
Nuveen California Municipal Value Fund (NYSE:NCA) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Nuveen California Municipal Value Fund Return-on-Tangible-Asset Related Terms
Nuveen California Municipal Value Fund Return-on-Tangible-Asset 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 California Municipal Value Fund Return-on-Tangible-Asset Chart
Nuveen California Municipal Value Fund Annual Data
NCA vs CION, ARDC, PSBD: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Nuveen California Municipal Value Fund's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 California Municipal Value Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen California Municipal Value Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nuveen California Municipal Value Fund's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 14.46% mean?
Nuveen California Municipal Value Fund (NCA) has a Return-on-Tangible-Asset of 14.46% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen California Municipal Value Fund and its competitors. This is 1115% above median its historical median of 1.19. According to the industry distribution chart, Nuveen California Municipal Value Fund ranks #878 out of 1638 companies in the Asset Management industry, placing it in the top 53.6%.
Is Nuveen California Municipal Value Fund's Return-on-Tangible-Asset too high?
Nuveen California Municipal Value Fund's current Return-on-Tangible-Asset of 14.46% is 1115% above median its 10-year median of 1.19. The Asset Management industry median Return-on-Tangible-Asset is 4.30. Nuveen California Municipal Value Fund's value of 14.46% is 236.3% above this industry median. Based on the distribution chart, Nuveen California Municipal Value Fund ranks #878 out of 1638 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen California Municipal Value Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen California Municipal Value Fund's Return-on-Tangible-Asset compare to CION and ARDC?
According to the Asset Management industry distribution chart, Nuveen California Municipal Value Fund ranks #878 out of 1638 companies for Return-on-Tangible-Asset. This places Nuveen California Municipal Value Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.30. Nuveen California Municipal Value Fund's value of 14.46% is 236.3% above this benchmark. While the company's 10-year median is 1.19 vs. the industry median of 4.30, Nuveen California Municipal Value 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.30, based on 1,638 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen California Municipal Value Fund's current Return-on-Tangible-Asset of 14.46% is 236.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen California Municipal Value Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen California Municipal Value Fund's current Return-on-Tangible-Asset is 14.46%, which is 1115% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen California Municipal Value Fund stock overvalued right now?
Nuveen California Municipal Value Fund (NCA) has a current Return-on-Tangible-Asset of 14.46%. The current Return-on-Tangible-Asset is 14.46%, which is 1115% above median its 10-year median of 1.19 and 236.3% above the Asset Management industry median of 4.30. Nuveen California Municipal Value Fund's overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Nuveen California Municipal Value Fund (NCA), the current Return-on-Tangible-Asset is 14.46% as of Feb. 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 California Municipal Value Fund Business Description
Nuveen California Municipal Value Fund Inc is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, New York State, and New York City income taxes, and from the federal alternative minimum tax for individuals, while enhancing portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds considered underrated, undervalued, or from undervalued municipal market sectors. It may invest in municipal securities such as lease obligations and certificates of participation, which provide an undivided interest in pools of municipal leases or installment purchase agreements.
36GF Score
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