Nuveen Multi-Assetome FundNMAI +1.08%50 Return-on-Tangible-Equity is 17.69% as of Dec. 2025, which is 77% above its 10-year median of 10.02. GuruFocus rates NMAI with a GF Score™ of 50/100 and a GF Value™ of $22.01 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,589 Asset Management companies, Nuveen Multi-Assetome Fund ranks better than 74.45% 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-Assetome Fund's annualized net income for the quarter that ended in Dec. 2025 was $83.19 Mil. Nuveen Multi-Assetome Fund's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $470.15 Mil. Therefore, Nuveen Multi-Assetome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.69%.
The historical rank and industry rank for Nuveen Multi-Assetome Fund's Return-on-Tangible-Equity or its related term are showing as below:
NMAI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -26.22 Med: 10.02 Max: 17.69
Current: 17.66
During the past 5 years, Nuveen Multi-Assetome Fund's highest Return-on-Tangible-Equity was 17.69%. The lowest was -26.22%. And the median was 10.02%.
NMAI's Return-on-Tangible-Equity is ranked better than 74.45% of 1589
companies
in the Asset Management industry
Industry Median: 7.18
vs NMAI: 17.66
Nuveen Multi-Assetome Fund (NYSE:NMAI) 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-Assetome Fund Return-on-Tangible-Equity Related Terms
Nuveen Multi-Assetome 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-Assetome Fund Return-on-Tangible-Equity Chart
NMAI vs HPS, NBB, KIO: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nuveen Multi-Assetome 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-Assetome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Multi-Assetome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen Multi-Assetome 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 17.69% mean?
Nuveen Multi-Assetome Fund (NMAI) has a Return-on-Tangible-Equity of 17.69% 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-Assetome Fund and its competitors. This is 77% above median its historical median of 10.02. According to the industry distribution chart, Nuveen Multi-Assetome Fund ranks #406 out of 1589 companies in the Asset Management industry, placing it in the top 25.6%.
Is Nuveen Multi-Assetome Fund's Return-on-Tangible-Equity too high?
Nuveen Multi-Assetome Fund's current Return-on-Tangible-Equity of 17.69% is 77% above median its 10-year median of 10.02. The Asset Management industry median Return-on-Tangible-Equity is 7.18. Nuveen Multi-Assetome Fund's value of 17.69% is 146.4% above this industry median. Based on the distribution chart, Nuveen Multi-Assetome Fund ranks #406 out of 1589 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Multi-Assetome Fund has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nuveen Multi-Assetome Fund's Return-on-Tangible-Equity compare to HPS and NBB?
According to the Asset Management industry distribution chart, Nuveen Multi-Assetome Fund ranks #406 out of 1589 companies for Return-on-Tangible-Equity. This puts Nuveen Multi-Assetome Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.18. Nuveen Multi-Assetome Fund's value of 17.69% is 146.4% above this benchmark. While the company's 10-year median is 10.02 vs. the industry median of 7.18, Nuveen Multi-Assetome 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 7.18, 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-Assetome Fund's current Return-on-Tangible-Equity of 17.69% is 146.4% 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-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-Assetome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Multi-Assetome Fund's current Return-on-Tangible-Equity is 17.69%, which is 77% above median its own 10-year median of 10.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Multi-Assetome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Multi-Assetome Fund (NMAI) is currently considered Possible Value Trap. The stock's GF Value™ is $22.01, compared to a current price of $14.00 — trading 36.4% below its estimated fair value. The current Return-on-Tangible-Equity is 17.69%, which is 77% above median its 10-year median of 10.02 and 146.4% above the Asset Management industry median of 7.18. Nuveen Multi-Assetome Fund's overall GF Score™ is 50/100 with 4 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-Assetome Fund (NMAI), the current Return-on-Tangible-Equity is 17.69% 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-Assetome Fund (NMAI) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Multi-Assetome Fund stock appears to be undervalued.
The current stock price of $14.00 is trading 36.4% below its estimated GF Value™ of $22.01.
GuruFocus considers Nuveen Multi-Assetome Fund to be Possible Value Trap.
Key valuation signals for NMAI:
Return-on-Tangible-Equity: 17.69% (77% above median its 10-year median of 10.02)
GF Value™: $22.01 vs. price of $14.00 (36.4% below fair value)
Industry Position: 146.4% above the Asset Management median (#406 of 1589)
No single metric tells the full story. See the NMAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Multi-Asset Income Fund is a closed-end management investment company. The Fund dynamically invests in a portfolio of equity and debt securities of issuers located around the world. This dynamic investment uses a risk-based framework in which any amount can be allocated to an asset-class at any time. The Fund's investment objective is to provide total return through high current income and capital appreciation.
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