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Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Neuberger Berman Next Generation Connectivity Fund ROA % Related Terms
Neuberger Berman Next Generation Connectivity Fund ROA % 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.
Neuberger Berman Next Generation Connectivity Fund ROA % Chart
Neuberger Berman Next Generation Connectivity Fund Annual Data
Trend
Oct21
Oct22
Oct23
Oct24
Oct25
ROA %
0.00
-48.45
12.03
28.31
25.31
Neuberger Berman Next Generation Connectivity Fund Semi-Annual Data
* 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.
Neuberger Berman Next Generation Connectivity Fund ROA % vs Asset Management Industry
* 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a ROA % of 3.68% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. This is 80% below median its historical median of 18.67. According to the industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #116 out of 1634 companies in the Asset Management industry, placing it in the top 7.1%.
Is Neuberger Berman Next Generation Connectivity Fund's ROA % too high?
Neuberger Berman Next Generation Connectivity Fund's current ROA % of 3.68% is 80% below median its 10-year median of 18.67. The Asset Management industry median ROA % is 4.34. Neuberger Berman Next Generation Connectivity Fund's value of 3.68% is 15.1% below this industry median. Based on the distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #116 out of 1634 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Neuberger Berman Next Generation Connectivity Fund has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Berman Next Generation Connectivity Fund's ROA % compare to FRBP and DSL?
According to the Asset Management industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #116 out of 1634 companies for ROA %. This places Neuberger Berman Next Generation Connectivity Fund in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 4.34. Neuberger Berman Next Generation Connectivity Fund's value of 3.68% is 15.1% below this benchmark. While the company's 10-year median is 18.67 vs. the industry median of 4.34, Neuberger Berman Next Generation Connectivity 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.34, based on 1,634 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Neuberger Berman Next Generation Connectivity Fund's current ROA % of 3.68% is 15.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. For the Asset Management industry, the median ROA % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Berman Next Generation Connectivity Fund's current ROA % is 3.68%, which is 80% below median its own 10-year median of 18.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Berman Next Generation Connectivity Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Berman Next Generation Connectivity Fund (NBXG) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.16, compared to a current price of $15.26 — trading 16% below its estimated fair value. The current ROA % is 3.68%, which is 80% below median its 10-year median of 18.67 and 15.1% below the Asset Management industry median of 4.34. Neuberger Berman Next Generation Connectivity Fund's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Neuberger Berman Next Generation Connectivity Fund (NBXG), the current ROA % is 3.68% 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 Neuberger Berman Next Generation Connectivity Fund (NBXG) Overvalued in 2026?
Based on GuruFocus' analysis, Neuberger Berman Next Generation Connectivity Fund stock appears to be undervalued.
The current stock price of $15.26 is trading 16% below its estimated GF Value™ of $18.16.
GuruFocus considers Neuberger Berman Next Generation Connectivity Fund to be Modestly Undervalued.
Key valuation signals for NBXG:
ROA %: 3.68% (80% below median its 10-year median of 18.67)
GF Value™: $18.16 vs. price of $15.26 (16% below fair value)
Industry Position: 15.1% below the Asset Management median (#116 of 1634)
No single metric tells the full story. See the NBXG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neuberger Berman Next Generation Connectivity Fund Inc. is a non-diversified, closed-end management investment company. The fund's investment objectives are to provide capital appreciation and income. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities issued by U.S. and non-U.S. companies, in any market capitalization range, that is relevant to the theme of investing in NextGen Companies.
59GF Score
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