Nuveen Core Equity Alpha FundJCE +0.09%46 Return-on-Tangible-Equity is 23.40% as of Dec. 2025, which is 18% above its 10-year median of 19.91. GuruFocus rates JCE with a GF Score™ of 46/100 and a GF Value™ of $15.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,588 Asset Management companies, Nuveen Core Equity Alpha Fund ranks better than 73.87% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Nuveen Core Equity Alpha Fund's annualized net income for the quarter that ended in Dec. 2025 was $64.80 Mil. Nuveen Core Equity Alpha Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $276.99 Mil. Therefore, Nuveen Core Equity Alpha Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 23.40%.
The historical rank and industry rank for Nuveen Core Equity Alpha Fund's Return-on-Tangible-Equity or its related term are showing as below:
JCE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.11 Med: 19.91 Max: 24.3
Current: 17.21
During the past 9 years, Nuveen Core Equity Alpha Fund's highest Return-on-Tangible-Equity was 24.30%. The lowest was -20.11%. And the median was 19.91%.
JCE's Return-on-Tangible-Equity is ranked better than 73.87% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs JCE: 17.21
Nuveen Core Equity Alpha Fund (NYSE:JCE) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Nuveen Core Equity Alpha Fund Return-on-Tangible-Equity Related Terms
Nuveen Core Equity Alpha Fund Return-on-Tangible-Equity 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 Core Equity Alpha Fund Return-on-Tangible-Equity Chart
JCE vs GAMG, XFLT, TDF: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nuveen Core Equity Alpha Fund's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Core Equity Alpha Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Core Equity Alpha Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen Core Equity Alpha Fund's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.40% mean?
Nuveen Core Equity Alpha Fund (JCE) has a Return-on-Tangible-Equity of 23.40% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nuveen Core Equity Alpha Fund and its competitors. This is 18% above median its historical median of 19.91. According to the industry distribution chart, Nuveen Core Equity Alpha Fund ranks #415 out of 1588 companies in the Asset Management industry, placing it in the top 26.1%.
Is Nuveen Core Equity Alpha Fund's Return-on-Tangible-Equity too high?
Nuveen Core Equity Alpha Fund's current Return-on-Tangible-Equity of 23.40% is 18% above median its 10-year median of 19.91. The Asset Management industry median Return-on-Tangible-Equity is 7.19. Nuveen Core Equity Alpha Fund's value of 23.40% is 225.5% above this industry median. Based on the distribution chart, Nuveen Core Equity Alpha Fund ranks #415 out of 1588 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Core Equity Alpha Fund has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Core Equity Alpha Fund's Return-on-Tangible-Equity compare to GAMG and XFLT?
According to the Asset Management industry distribution chart, Nuveen Core Equity Alpha Fund ranks #415 out of 1588 companies for Return-on-Tangible-Equity. This puts Nuveen Core Equity Alpha Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.19. Nuveen Core Equity Alpha Fund's value of 23.40% is 225.5% above this benchmark. While the company's 10-year median is 19.91 vs. the industry median of 7.19, Nuveen Core Equity Alpha 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Core Equity Alpha Fund's current Return-on-Tangible-Equity of 23.40% is 225.5% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nuveen Core Equity Alpha Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Core Equity Alpha Fund's current Return-on-Tangible-Equity is 23.40%, which is 18% above median its own 10-year median of 19.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Core Equity Alpha Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Core Equity Alpha Fund (JCE) is currently considered Fairly Valued. The stock's GF Value™ is $15.42, compared to a current price of $16.39 — trading 6.3% above its estimated fair value. The current Return-on-Tangible-Equity is 23.40%, which is 18% above median its 10-year median of 19.91 and 225.5% above the Asset Management industry median of 7.19. Nuveen Core Equity Alpha Fund's overall GF Score™ is 46/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nuveen Core Equity Alpha Fund (JCE), the current Return-on-Tangible-Equity is 23.40% 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 Core Equity Alpha Fund (JCE) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Core Equity Alpha Fund stock appears to be overvalued.
The current stock price of $16.39 is trading 6.3% above its estimated GF Value™ of $15.42.
GuruFocus considers Nuveen Core Equity Alpha Fund to be Fairly Valued.
Key valuation signals for JCE:
Return-on-Tangible-Equity: 23.40% (18% above median its 10-year median of 19.91)
GF Value™: $15.42 vs. price of $16.39 (6.3% above fair value)
Industry Position: 225.5% above the Asset Management median (#415 of 1588)
No single metric tells the full story. See the JCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Core Equity Alpha Fund Business Description
Nuveen Core Equity Alpha Fund is a diversified closed-end management investment company. Its investment objective is to seek attractive total return with less volatility than the S&P 500 Index. The Fund invests in a portfolio of actively managed large-capitalization U.S. common stocks, using the sub-adviser's proprietary quantitative process designed to provide the potential for long-term outperformance. Additionally, the Fund seeks to reduce the volatility of its returns relative to the returns of the Equity Portfolio over extended periods by writing (selling) index call options and/or call options on custom baskets of securities.
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