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Nuveen AMT-Free Municipal Creditome FundNVG -0.72%52 Return-on-Tangible-Asset is 1.52% as of Apr. 2026, which is 27% below its 10-year median of 2.07. GuruFocus rates NVG with a GF Score™ of 52/100 and a GF Value™ of $35.98 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,636 Asset Management companies, Nuveen AMT-Free Municipal Creditome Fund ranks worse than 50.92% on this metric.
NVG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.3 Med: 2.07 Max: 11.75
Current: 4.06
During the past 13 years, Nuveen AMT-Free Municipal Creditome Fund's highest Return-on-Tangible-Asset was 11.75%. The lowest was -17.30%. And the median was 2.07%.
NVG's Return-on-Tangible-Asset is ranked worse than 50.92% of 1636
companies
in the Asset Management industry
Industry Median: 4.235
vs NVG: 4.06
Nuveen AMT-Free Municipal Creditome Fund (NYSE:NVG) 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 AMT-Free Municipal Creditome Fund Return-on-Tangible-Asset Related Terms
Nuveen AMT-Free Municipal Creditome 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 AMT-Free Municipal Creditome Fund Return-on-Tangible-Asset Chart
Nuveen AMT-Free Municipal Creditome Fund Annual Data
NVG vs NAD, WT, AAMI: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Nuveen AMT-Free Municipal Creditome 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 AMT-Free Municipal Creditome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen AMT-Free Municipal Creditome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nuveen AMT-Free Municipal Creditome 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.52% mean?
Nuveen AMT-Free Municipal Creditome Fund (NVG) has a Return-on-Tangible-Asset of 1.52% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen AMT-Free Municipal Creditome Fund and its competitors. This is 27% below median its historical median of 2.07. According to the industry distribution chart, Nuveen AMT-Free Municipal Creditome Fund ranks #833 out of 1636 companies in the Asset Management industry, placing it in the top 50.9%.
Is Nuveen AMT-Free Municipal Creditome Fund's Return-on-Tangible-Asset too high?
Nuveen AMT-Free Municipal Creditome Fund's current Return-on-Tangible-Asset of 1.52% is 27% below median its 10-year median of 2.07. The Asset Management industry median Return-on-Tangible-Asset is 4.24. Nuveen AMT-Free Municipal Creditome Fund's value of 1.52% is 64.1% below this industry median. Based on the distribution chart, Nuveen AMT-Free Municipal Creditome Fund ranks #833 out of 1636 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen AMT-Free Municipal Creditome Fund has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen AMT-Free Municipal Creditome Fund's Return-on-Tangible-Asset compare to NAD and WT?
According to the Asset Management industry distribution chart, Nuveen AMT-Free Municipal Creditome Fund ranks #833 out of 1636 companies for Return-on-Tangible-Asset. This places Nuveen AMT-Free Municipal Creditome Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.24. Nuveen AMT-Free Municipal Creditome Fund's value of 1.52% is 64.1% below this benchmark. While the company's 10-year median is 2.07 vs. the industry median of 4.24, Nuveen AMT-Free Municipal Creditome Fund has consistently been below 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 4.24, based on 1,636 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 AMT-Free Municipal Creditome Fund's current Return-on-Tangible-Asset of 1.52% is 64.1% 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 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 AMT-Free Municipal Creditome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen AMT-Free Municipal Creditome Fund's current Return-on-Tangible-Asset is 1.52%, which is 27% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen AMT-Free Municipal Creditome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen AMT-Free Municipal Creditome Fund (NVG) is currently considered Significantly Undervalued. The stock's GF Value™ is $35.98, compared to a current price of $12.46 — trading 65.4% below its estimated fair value. The current Return-on-Tangible-Asset is 1.52%, which is 27% below median its 10-year median of 2.07 and 64.1% below the Asset Management industry median of 4.24. Nuveen AMT-Free Municipal Creditome Fund's overall GF Score™ is 52/100 with 5 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 AMT-Free Municipal Creditome Fund (NVG), the current Return-on-Tangible-Asset is 1.52% as of Apr. 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 AMT-Free Municipal Creditome Fund (NVG) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen AMT-Free Municipal Creditome Fund stock appears to be undervalued.
The current stock price of $12.46 is trading 65.4% below its estimated GF Value™ of $35.98.
GuruFocus considers Nuveen AMT-Free Municipal Creditome Fund to be Significantly Undervalued.
Key valuation signals for NVG:
Return-on-Tangible-Asset: 1.52% (27% below median its 10-year median of 2.07)
GF Value™: $35.98 vs. price of $12.46 (65.4% below fair value)
Industry Position: 64.1% below the Asset Management median (#833 of 1636)
No single metric tells the full story. See the NVG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen AMT-Free Municipal Creditome Fund Business Description
Nuveen AMT-Free Municipal Credit Income Fund is a diversified, closed-end management investment company. Its objective is to provide current income exempt from regular federal income tax and federal alternative minimum tax applicable to individuals and enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the investment adviser believes are underrated or undervalued or represent undervalued municipal market sectors.
52GF Score
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