Nuveen Multi-Marketome FundJMM +0.68%48 Return-on-Tangible-Equity is 6.27% as of Dec. 2025, which is 61% above its 10-year median of 3.89. GuruFocus rates JMM with a GF Score™ of 48/100 and a GF Value™ of $7.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,589 Asset Management companies, Nuveen Multi-Marketome Fund ranks better than 52.36% 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 Multi-Marketome Fund's annualized net income for the quarter that ended in Dec. 2025 was $3.92 Mil. Nuveen Multi-Marketome Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $62.47 Mil. Therefore, Nuveen Multi-Marketome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.27%.
The historical rank and industry rank for Nuveen Multi-Marketome Fund's Return-on-Tangible-Equity or its related term are showing as below:
JMM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.6 Med: 3.89 Max: 8.73
Current: 7.71
During the past 8 years, Nuveen Multi-Marketome Fund's highest Return-on-Tangible-Equity was 8.73%. The lowest was -12.60%. And the median was 3.89%.
JMM's Return-on-Tangible-Equity is ranked better than 52.36% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs JMM: 7.71
Nuveen Multi-Marketome Fund (NYSE:JMM) 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 Multi-Marketome Fund Return-on-Tangible-Equity Related Terms
Nuveen Multi-Marketome 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 Multi-Marketome Fund Return-on-Tangible-Equity Chart
JMM vs MXE, BENF, MGLD: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nuveen Multi-Marketome 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 Multi-Marketome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Multi-Marketome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen Multi-Marketome 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 6.27% mean?
Nuveen Multi-Marketome Fund (JMM) has a Return-on-Tangible-Equity of 6.27% 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 Multi-Marketome Fund and its competitors. This is 61% above median its historical median of 3.89. According to the industry distribution chart, Nuveen Multi-Marketome Fund ranks #757 out of 1589 companies in the Asset Management industry, placing it in the top 47.6%.
Is Nuveen Multi-Marketome Fund's Return-on-Tangible-Equity too high?
Nuveen Multi-Marketome Fund's current Return-on-Tangible-Equity of 6.27% is 61% above median its 10-year median of 3.89. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Nuveen Multi-Marketome Fund's value of 6.27% is 13% below this industry median. Based on the distribution chart, Nuveen Multi-Marketome Fund ranks #757 out of 1589 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Multi-Marketome Fund has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Multi-Marketome Fund's Return-on-Tangible-Equity compare to MXE and BENF?
According to the Asset Management industry distribution chart, Nuveen Multi-Marketome Fund ranks #757 out of 1589 companies for Return-on-Tangible-Equity. This puts Nuveen Multi-Marketome Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Nuveen Multi-Marketome Fund's value of 6.27% is 13% below this benchmark. While the company's 10-year median is 3.89 vs. the industry median of 7.21, Nuveen Multi-Marketome 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 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 Multi-Marketome Fund's current Return-on-Tangible-Equity of 6.27% is 13% 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-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 Multi-Marketome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Multi-Marketome Fund's current Return-on-Tangible-Equity is 6.27%, which is 61% above median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Multi-Marketome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Multi-Marketome Fund (JMM) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.55, compared to a current price of $5.90 — trading 21.9% below its estimated fair value. The current Return-on-Tangible-Equity is 6.27%, which is 61% above median its 10-year median of 3.89 and 13% below the Asset Management industry median of 7.21. Nuveen Multi-Marketome Fund's overall GF Score™ is 48/100 with 2 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 Multi-Marketome Fund (JMM), the current Return-on-Tangible-Equity is 6.27% 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 Multi-Marketome Fund (JMM) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Multi-Marketome Fund stock appears to be undervalued.
The current stock price of $5.90 is trading 21.9% below its estimated GF Value™ of $7.55.
GuruFocus considers Nuveen Multi-Marketome Fund to be Modestly Undervalued.
Key valuation signals for JMM:
Return-on-Tangible-Equity: 6.27% (61% above median its 10-year median of 3.89)
GF Value™: $7.55 vs. price of $5.90 (21.9% below fair value)
Industry Position: 13% below the Asset Management median (#757 of 1589)
No single metric tells the full story. See the JMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Multi-Market Income Fund is a United States-based closed-end management investment company. The investment objective of the company is to provide high monthly income consistent with prudent risk to capital. The fund predominantly invests in debt securities, including, but not limited to, residential and commercial mortgage-backed securities, asset-backed securities, corporate debt obligations, convertible debt securities, U.S. government securities, and other such fixed income instruments. It may also invest in preferred stocks.
48GF Score
Get the complete analysis for JMM
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