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Neuberger Energy Infrastructure andome FundNML +0.74%31 Return-on-Tangible-Asset is 26.60% as of May. 2026, which is 10131% above its 10-year median of 0.26. GuruFocus rates NML with a GF Score™ of 31/100 and a GF Value™ of $0.49 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,617 Asset Management companies, Neuberger Energy Infrastructure andome Fund ranks better than 83.43% on this metric.
Neuberger Energy Infrastructure andome Fund (AMEX:NML) 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.
Neuberger Energy Infrastructure andome Fund Return-on-Tangible-Asset Related Terms
Neuberger Energy Infrastructure andome 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.
Neuberger Energy Infrastructure andome Fund Return-on-Tangible-Asset Chart
Neuberger Energy Infrastructure andome Fund Annual Data
NML vs DSU, MHD, BME: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Neuberger Energy Infrastructure andome 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.
Neuberger Energy Infrastructure andome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Neuberger Energy Infrastructure andome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Neuberger Energy Infrastructure andome 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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 26.60% mean?
Neuberger Energy Infrastructure andome Fund (NML) has a Return-on-Tangible-Asset of 26.60% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Neuberger Energy Infrastructure andome Fund and its competitors. This is 10131% above median its historical median of 0.26. According to the industry distribution chart, Neuberger Energy Infrastructure andome Fund ranks #268 out of 1617 companies in the Asset Management industry, placing it in the top 16.6%.
Is Neuberger Energy Infrastructure andome Fund's Return-on-Tangible-Asset too high?
Neuberger Energy Infrastructure andome Fund's current Return-on-Tangible-Asset of 26.60% is 10131% above median its 10-year median of 0.26. The Asset Management industry median Return-on-Tangible-Asset is 4.66. Neuberger Energy Infrastructure andome Fund's value of 26.60% is 470.8% above this industry median. Based on the distribution chart, Neuberger Energy Infrastructure andome Fund ranks #268 out of 1617 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Neuberger Energy Infrastructure andome Fund has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Energy Infrastructure andome Fund's Return-on-Tangible-Asset compare to DSU and MHD?
According to the Asset Management industry distribution chart, Neuberger Energy Infrastructure andome Fund ranks #268 out of 1617 companies for Return-on-Tangible-Asset. This places Neuberger Energy Infrastructure andome Fund in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.66. Neuberger Energy Infrastructure andome Fund's value of 26.60% is 470.8% above this benchmark. While the company's 10-year median is 0.26 vs. the industry median of 4.66, Neuberger Energy Infrastructure andome 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 4.66, based on 1,617 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. Neuberger Energy Infrastructure andome Fund's current Return-on-Tangible-Asset of 26.60% is 470.8% 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 Neuberger Energy Infrastructure andome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Energy Infrastructure andome Fund's current Return-on-Tangible-Asset is 26.60%, which is 10131% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Energy Infrastructure andome Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Energy Infrastructure andome Fund (NML) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.49, compared to a current price of $10.85 — trading 2114.3% above its estimated fair value. The current Return-on-Tangible-Asset is 26.60%, which is 10131% above median its 10-year median of 0.26 and 470.8% above the Asset Management industry median of 4.66. Neuberger Energy Infrastructure andome Fund's overall GF Score™ is 31/100 with 9 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 Neuberger Energy Infrastructure andome Fund (NML), the current Return-on-Tangible-Asset is 26.60% as of May. 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 Neuberger Energy Infrastructure andome Fund (NML) Overvalued in 2026?
Based on GuruFocus' analysis, Neuberger Energy Infrastructure andome Fund stock appears to be overvalued.
The current stock price of $10.85 is trading 2114.3% above its estimated GF Value™ of $0.49.
GuruFocus considers Neuberger Energy Infrastructure andome Fund to be Significantly Overvalued.
Key valuation signals for NML:
Return-on-Tangible-Asset: 26.60% (10131% above median its 10-year median of 0.26)
GF Value™: $0.49 vs. price of $10.85 (2114.3% above fair value)
Industry Position: 470.8% above the Asset Management median (#268 of 1617)
No single metric tells the full story. See the NML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neuberger Berman Energy Infrastructure & Income Fund Inc is a closed-end investment management company based in the United States. Invest in Capital Markets, Chemicals, Oil, Gas & Consumable Fuels, Electric Utilities, Independent Power and Renewable Electricity Producers, Multi Utilities. Maximum is done in Oil, Gas & Consumable Fuels.
31GF Score
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