Nuveen Variable Rate Preferred&IncomeNPFD -0.27%33 Return-on-Tangible-Asset is 7.47% as of Jan. 2026, which is 419% above its 10-year median of 1.44. GuruFocus rates NPFD with a GF Score™ of 33/100. The stock has 6 warning signs investors should review. Among 1,632 Asset Management companies, Nuveen Variable Rate Preferred&Income ranks better than 61.58% on this metric.
The historical rank and industry rank for Nuveen Variable Rate Preferred&Income's Return-on-Tangible-Asset or its related term are showing as below:
NPFD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.32 Med: 1.44 Max: 8.75
Current: 6.77
During the past 4 years, Nuveen Variable Rate Preferred&Income's highest Return-on-Tangible-Asset was 8.75%. The lowest was -9.32%. And the median was 1.44%.
NPFD's Return-on-Tangible-Asset is ranked better than 61.58% of 1632
companies
in the Asset Management industry
Industry Median: 4.095
vs NPFD: 6.77
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 Variable Rate Preferred&Income Return-on-Tangible-Asset Related Terms
Nuveen Variable Rate Preferred&Income 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.
NPFD vs ETB, EVN, KIO: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Nuveen Variable Rate Preferred&Income'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 Variable Rate Preferred&Income Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Variable Rate Preferred&Income's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nuveen Variable Rate Preferred&Income'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.47% mean?
Nuveen Variable Rate Preferred&Income (NPFD) has a Return-on-Tangible-Asset of 7.47% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen Variable Rate Preferred&Income and its competitors. This is 419% above median its historical median of 1.44. According to the industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #627 out of 1632 companies in the Asset Management industry, placing it in the top 38.4%.
Is Nuveen Variable Rate Preferred&Income's Return-on-Tangible-Asset too high?
Nuveen Variable Rate Preferred&Income's current Return-on-Tangible-Asset of 7.47% is 419% above median its 10-year median of 1.44. The Asset Management industry median Return-on-Tangible-Asset is 4.10. Nuveen Variable Rate Preferred&Income's value of 7.47% is 82.4% above this industry median. Based on the distribution chart, Nuveen Variable Rate Preferred&Income ranks #627 out of 1632 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 Return-on-Tangible-Asset compare to ETB and EVN?
According to the Asset Management industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #627 out of 1632 companies for Return-on-Tangible-Asset. This puts Nuveen Variable Rate Preferred&Income in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.10. Nuveen Variable Rate Preferred&Income's value of 7.47% is 82.4% above this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 4.10, Nuveen Variable Rate Preferred&Income 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 4.10, based on 1,632 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 Variable Rate Preferred&Income's current Return-on-Tangible-Asset of 7.47% is 82.4% 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 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 Variable Rate Preferred&Income and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Variable Rate Preferred&Income's current Return-on-Tangible-Asset is 7.47%, which is 419% above median its own 10-year median of 1.44. 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 Return-on-Tangible-Asset of 7.47%. The current Return-on-Tangible-Asset is 7.47%, which is 419% above median its 10-year median of 1.44 and 82.4% above the Asset Management industry median of 4.10. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Nuveen Variable Rate Preferred&Income (NPFD), the current Return-on-Tangible-Asset is 7.47% as of Jan. 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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