Nuveen NASDAQ 100 Dynamic Overwrite FundQQQX -0.38%51 Return-on-Tangible-Equity is 26.96% as of Dec. 2025, which is 49% above its 10-year median of 18.10. 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 1,591 Asset Management companies, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks better than 65.74% on this metric.
QQQX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -32.92 Med: 18.1 Max: 30.4
Current: 12.73
During the past 9 years, Nuveen NASDAQ 100 Dynamic Overwrite Fund's highest Return-on-Tangible-Equity was 30.40%. The lowest was -32.92%. And the median was 18.10%.
QQQX's Return-on-Tangible-Equity is ranked better than 65.74% of 1591
companies
in the Asset Management industry
Industry Median: 7.21
vs QQQX: 12.73
Nuveen NASDAQ 100 Dynamic Overwrite Fund (NAS:QQQX) 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 NASDAQ 100 Dynamic Overwrite Fund Return-on-Tangible-Equity Related Terms
Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund Return-on-Tangible-Equity Chart
Nuveen NASDAQ 100 Dynamic Overwrite Fund Annual Data
QQQX vs NFJ, HYT, CSWC: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen NASDAQ 100 Dynamic Overwrite Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen NASDAQ 100 Dynamic Overwrite 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 26.96% mean?
Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a Return-on-Tangible-Equity of 26.96% 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 NASDAQ 100 Dynamic Overwrite Fund and its competitors. This is 49% above median its historical median of 18.10. According to the industry distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #545 out of 1591 companies in the Asset Management industry, placing it in the top 34.3%.
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund's Return-on-Tangible-Equity too high?
Nuveen NASDAQ 100 Dynamic Overwrite Fund's current Return-on-Tangible-Equity of 26.96% is 49% above median its 10-year median of 18.10. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Nuveen NASDAQ 100 Dynamic Overwrite Fund's value of 26.96% is 273.9% above this industry median. Based on the distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #545 out of 1591 companies in the Asset Management industry, which is above the industry midpoint. 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-Equity compare to NFJ and HYT?
According to the Asset Management industry distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #545 out of 1591 companies for Return-on-Tangible-Equity. This puts Nuveen NASDAQ 100 Dynamic Overwrite Fund in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Nuveen NASDAQ 100 Dynamic Overwrite Fund's value of 26.96% is 273.9% above this benchmark. While the company's 10-year median is 18.10 vs. the industry median of 7.21, 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-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 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 NASDAQ 100 Dynamic Overwrite Fund's current Return-on-Tangible-Equity of 26.96% is 273.9% 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 NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund's current Return-on-Tangible-Equity is 26.96%, which is 49% above median its own 10-year median of 18.10. 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 $30.37 — trading 56% above its estimated fair value. The current Return-on-Tangible-Equity is 26.96%, which is 49% above median its 10-year median of 18.10 and 273.9% above the Asset Management industry median of 7.21. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX), the current Return-on-Tangible-Equity is 26.96% 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 $30.37 is trading 56% 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-Equity: 26.96% (49% above median its 10-year median of 18.10)
GF Value™: $19.46 vs. price of $30.37 (56% above fair value)
Industry Position: 273.9% above the Asset Management median (#545 of 1591)
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 Business Description
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.
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