Nuveen Municipalome FundNMI -0.47%56 Return-on-Tangible-Equity is 3.88% as of Apr. 2026, which is 35% above its 10-year median of 2.88. GuruFocus rates NMI with a GF Scoreâ„¢ of 56/100 and a GF Valueâ„¢ of $8.02 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,589 Asset Management companies, Nuveen Municipalome Fund ranks worse than 65.76% 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 Municipalome Fund's annualized net income for the quarter that ended in Apr. 2026 was $4.49 Mil. Nuveen Municipalome Fund's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $115.50 Mil. Therefore, Nuveen Municipalome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 3.88%.
The historical rank and industry rank for Nuveen Municipalome Fund's Return-on-Tangible-Equity or its related term are showing as below:
NMI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.63 Med: 2.88 Max: 14.14
Current: 2.95
During the past 9 years, Nuveen Municipalome Fund's highest Return-on-Tangible-Equity was 14.14%. The lowest was -16.63%. And the median was 2.88%.
NMI's Return-on-Tangible-Equity is ranked worse than 65.76% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs NMI: 2.95
Nuveen Municipalome Fund (NYSE:NMI) 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 Municipalome Fund Return-on-Tangible-Equity Related Terms
Nuveen Municipalome Fund Return-on-Tangible-Equity Historical Data
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The historical data trend for Nuveen Municipalome Fund's Return-on-Tangible-Equity can be seen below:
* 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 Municipalome Fund Return-on-Tangible-Equity Chart
NMI vs BWG, GNT, CEE: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nuveen Municipalome 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 Municipalome Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Municipalome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen Municipalome 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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 3.88% mean?
Nuveen Municipalome Fund (NMI) has a Return-on-Tangible-Equity of 3.88% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nuveen Municipalome Fund and its competitors. This is 35% above median its historical median of 2.88. According to the industry distribution chart, Nuveen Municipalome Fund ranks #1045 out of 1589 companies in the Asset Management industry, placing it in the top 65.8%.
Is Nuveen Municipalome Fund's Return-on-Tangible-Equity too high?
Nuveen Municipalome Fund's current Return-on-Tangible-Equity of 3.88% is 35% above median its 10-year median of 2.88. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Nuveen Municipalome Fund's value of 3.88% is 46.2% below this industry median. Based on the distribution chart, Nuveen Municipalome Fund ranks #1045 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen Municipalome Fund has a GF Scoreâ„¢ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Municipalome Fund's Return-on-Tangible-Equity compare to BWG and GNT?
According to the Asset Management industry distribution chart, Nuveen Municipalome Fund ranks #1045 out of 1589 companies for Return-on-Tangible-Equity. This places Nuveen Municipalome Fund in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Nuveen Municipalome Fund's value of 3.88% is 46.2% below this benchmark. While the company's 10-year median is 2.88 vs. the industry median of 7.21, Nuveen Municipalome 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 Municipalome Fund's current Return-on-Tangible-Equity of 3.88% is 46.2% 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 Municipalome 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 Municipalome Fund's current Return-on-Tangible-Equity is 3.88%, which is 35% above median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Municipalome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Municipalome Fund (NMI) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.02, compared to a current price of $10.89 — trading 35.8% above its estimated fair value. The current Return-on-Tangible-Equity is 3.88%, which is 35% above median its 10-year median of 2.88 and 46.2% below the Asset Management industry median of 7.21. Nuveen Municipalome Fund's overall GF Score™ is 56/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nuveen Municipalome Fund (NMI), the current Return-on-Tangible-Equity is 3.88% 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 Municipalome Fund (NMI) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen Municipalome Fund stock appears to be overvalued.
The current stock price of $10.89 is trading 35.8% above its estimated GF Value™ of $8.02.
GuruFocus considers Nuveen Municipalome Fund to be Significantly Overvalued.
Key valuation signals for NMI:
Return-on-Tangible-Equity: 3.88% (35% above median its 10-year median of 2.88)
GF Value™: $8.02 vs. price of $10.89 (35.8% above fair value)
Industry Position: 46.2% below the Asset Management median (#1045 of 1589)
No single metric tells the full story. See the NMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen Municipal Income Fund Inc is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income exempt from federal income tax, which it seeks to achieve by investing mainly in a diversified portfolio of tax-exempt municipal obligations.
56GF Score
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