What is Nuveen California Municipal Value Fund ROA %?
Nuveen California Municipal Value FundNCA +0.43%34 ROA % is 14.46% as of Feb. 2026, which is 1115% above its 10-year median of 1.19. GuruFocus rates NCA with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 1,635 Asset Management companies, Nuveen California Municipal Value Fund ranks worse than 52.17% on this metric.
NCA's ROA % is ranked worse than 52.17% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs NCA: 3.69
Nuveen California Municipal Value Fund (NYSE:NCA) 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 (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 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.
Nuveen California Municipal Value Fund ROA % Related Terms
Nuveen California Municipal Value 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.
Nuveen California Municipal Value Fund ROA % Chart
Nuveen California Municipal Value Fund Annual Data
For the Asset Management subindustry, Nuveen California Municipal Value Fund's ROA %, along with its competitors' market caps and ROA % 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 California Municipal Value 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 (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Nuveen California Municipal Value Fund (NCA) has a ROA % of 14.46% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nuveen California Municipal Value Fund and its competitors. This is 1115% above median its historical median of 1.19. According to the industry distribution chart, Nuveen California Municipal Value Fund ranks #853 out of 1635 companies in the Asset Management industry, placing it in the top 52.2%.
Is Nuveen California Municipal Value Fund's ROA % too high?
Nuveen California Municipal Value Fund's current ROA % of 14.46% is 1115% above median its 10-year median of 1.19. The Asset Management industry median ROA % is 3.97. Nuveen California Municipal Value Fund's value of 14.46% is 264.2% above this industry median. Based on the distribution chart, Nuveen California Municipal Value Fund ranks #853 out of 1635 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen California Municipal Value Fund has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen California Municipal Value Fund's ROA % compare to NBH and FUND?
According to the Asset Management industry distribution chart, Nuveen California Municipal Value Fund ranks #853 out of 1635 companies for ROA %. This places Nuveen California Municipal Value Fund in the lower half of its industry. The industry median ROA % is 3.97. Nuveen California Municipal Value Fund's value of 14.46% is 264.2% above this benchmark. While the company's 10-year median is 1.19 vs. the industry median of 3.97, Nuveen California Municipal Value 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 3.97, based on 1,635 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. Nuveen California Municipal Value Fund's current ROA % of 14.46% is 264.2% 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 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 Nuveen California Municipal Value Fund and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen California Municipal Value Fund's current ROA % is 14.46%, which is 1115% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen California Municipal Value Fund stock overvalued right now?
Nuveen California Municipal Value Fund (NCA) has a current ROA % of 14.46%. The current ROA % is 14.46%, which is 1115% above median its 10-year median of 1.19 and 264.2% above the Asset Management industry median of 3.97. Nuveen California Municipal Value Fund's overall GF Score™ is 34/100 with 5 warning signs 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 Nuveen California Municipal Value Fund (NCA), the current ROA % is 14.46% as of Feb. 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.
Nuveen California Municipal Value Fund Business Description
Nuveen California Municipal Value Fund Inc is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, New York State, and New York City income taxes, and from the federal alternative minimum tax for individuals, while enhancing portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds considered underrated, undervalued, or from undervalued municipal market sectors. It may invest in municipal securities such as lease obligations and certificates of participation, which provide an undivided interest in pools of municipal leases or installment purchase agreements.
34GF Score
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