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Nuveen NASDAQ 100 Dynamic Overwrite FundQQQX +2.23%51 Return-on-Tangible-Asset is 26.17% as of Dec. 2025, which is 47% above its 10-year median of 17.79. GuruFocus rates QQQX with a GF Score™ of 51/100 and a GF Value™ of $19.46 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,638 Asset Management companies, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks better than 75.09% on this metric.
QQQX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -32.43 Med: 17.79 Max: 30.05
Current: 12.46
During the past 9 years, Nuveen NASDAQ 100 Dynamic Overwrite Fund's highest Return-on-Tangible-Asset was 30.05%. The lowest was -32.43%. And the median was 17.79%.
QQQX's Return-on-Tangible-Asset is ranked better than 75.09% of 1638
companies
in the Asset Management industry
Industry Median: 4.3
vs QQQX: 12.46
Nuveen NASDAQ 100 Dynamic Overwrite Fund (NAS:QQQX) 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 NASDAQ 100 Dynamic Overwrite Fund Return-on-Tangible-Asset Related Terms
Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund Return-on-Tangible-Asset Chart
Nuveen NASDAQ 100 Dynamic Overwrite Fund Annual Data
QQQX vs BTT, CSWC, NFJ: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen NASDAQ 100 Dynamic Overwrite Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nuveen NASDAQ 100 Dynamic Overwrite 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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 26.17% mean?
Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a Return-on-Tangible-Asset of 26.17% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nuveen NASDAQ 100 Dynamic Overwrite Fund and its competitors. This is 47% above median its historical median of 17.79. According to the industry distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #408 out of 1638 companies in the Asset Management industry, placing it in the top 24.9%.
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund's Return-on-Tangible-Asset too high?
Nuveen NASDAQ 100 Dynamic Overwrite Fund's current Return-on-Tangible-Asset of 26.17% is 47% above median its 10-year median of 17.79. The Asset Management industry median Return-on-Tangible-Asset is 4.30. Nuveen NASDAQ 100 Dynamic Overwrite Fund's value of 26.17% is 508.6% above this industry median. Based on the distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #408 out of 1638 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Nuveen NASDAQ 100 Dynamic Overwrite Fund has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen NASDAQ 100 Dynamic Overwrite Fund's Return-on-Tangible-Asset compare to BTT and CSWC?
According to the Asset Management industry distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #408 out of 1638 companies for Return-on-Tangible-Asset. This places Nuveen NASDAQ 100 Dynamic Overwrite Fund in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.30. Nuveen NASDAQ 100 Dynamic Overwrite Fund's value of 26.17% is 508.6% above this benchmark. While the company's 10-year median is 17.79 vs. the industry median of 4.30, Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund's current Return-on-Tangible-Asset of 26.17% is 508.6% 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 NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund's current Return-on-Tangible-Asset is 26.17%, which is 47% above median its own 10-year median of 17.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.46, compared to a current price of $29.32 — trading 50.7% above its estimated fair value. The current Return-on-Tangible-Asset is 26.17%, which is 47% above median its 10-year median of 17.79 and 508.6% above the Asset Management industry median of 4.30. Nuveen NASDAQ 100 Dynamic Overwrite Fund's overall GF Score™ is 51/100 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 NASDAQ 100 Dynamic Overwrite Fund (QQQX), the current Return-on-Tangible-Asset is 26.17% as of Dec. 2025. 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 NASDAQ 100 Dynamic Overwrite Fund (QQQX) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen NASDAQ 100 Dynamic Overwrite Fund stock appears to be overvalued.
The current stock price of $29.32 is trading 50.7% above its estimated GF Value™ of $19.46.
GuruFocus considers Nuveen NASDAQ 100 Dynamic Overwrite Fund to be Significantly Overvalued.
Key valuation signals for QQQX:
Return-on-Tangible-Asset: 26.17% (47% above median its 10-year median of 17.79)
GF Value™: $19.46 vs. price of $29.32 (50.7% above fair value)
Industry Position: 508.6% above the Asset Management median (#408 of 1638)
No single metric tells the full story. See the QQQX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end management investment company. Its investment objective is to seek attractive total return with less volatility than the S&P 500 Index. Under normal circumstances, the Fund will invest at least 80% of its Assets (as defined below) in a diversified equity portfolio made up of securities comprising the S&P 500 Index (or securities that have economic characteristics that are similar to those securities comprising the S&P 500 Index) that seeks to substantially replicate price movements of the S&P 500 Index and is designed to support the Fund's option strategy.
51GF Score
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