Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Neuberger Energy Infrastructure andome Fund (AMEX:NML) 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 bankÂ’s 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 (May. 2026) net income data. The Revenue data used here is two times the semi-annual (May. 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 Energy Infrastructure andome Fund ROA % Related Terms
Neuberger Energy Infrastructure andome 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 Energy Infrastructure andome Fund ROA % Chart
Neuberger Energy Infrastructure andome Fund 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 Energy Infrastructure andome 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 (May. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Neuberger Energy Infrastructure andome Fund (NML) has a ROA % of 26.60% as of May. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Neuberger Energy Infrastructure andome Fund and its competitors. This is 10131% above median its historical median of 0.26. According to the industry distribution chart, Neuberger Energy Infrastructure andome Fund ranks #255 out of 1617 companies in the Asset Management industry, placing it in the top 15.8%.
Is Neuberger Energy Infrastructure andome Fund's ROA % too high?
Neuberger Energy Infrastructure andome Fund's current ROA % of 26.60% is 10131% above median its 10-year median of 0.26. The Asset Management industry median ROA % is 4.50. Neuberger Energy Infrastructure andome Fund's value of 26.60% is 491.1% above this industry median. Based on the distribution chart, Neuberger Energy Infrastructure andome Fund ranks #255 out of 1617 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Neuberger Energy Infrastructure andome Fund has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neuberger Energy Infrastructure andome Fund's ROA % compare to DSU and MHD?
According to the Asset Management industry distribution chart, Neuberger Energy Infrastructure andome Fund ranks #255 out of 1617 companies for ROA %. This places Neuberger Energy Infrastructure andome Fund in the top 16% of its industry — outperforming the majority of peers. The industry median ROA % is 4.50. Neuberger Energy Infrastructure andome Fund's value of 26.60% is 491.1% above this benchmark. While the company's 10-year median is 0.26 vs. the industry median of 4.50, Neuberger Energy Infrastructure andome 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 4.50, based on 1,617 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 Energy Infrastructure andome Fund's current ROA % of 26.60% is 491.1% 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 Neuberger Energy Infrastructure andome Fund and its competitors. For the Asset Management industry, the median ROA % is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neuberger Energy Infrastructure andome Fund's current ROA % is 26.60%, which is 10131% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neuberger Energy Infrastructure andome Fund stock overvalued right now?
Based on GuruFocus' analysis, Neuberger Energy Infrastructure andome Fund (NML) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.49, compared to a current price of $10.85 — trading 2114.3% above its estimated fair value. The current ROA % is 26.60%, which is 10131% above median its 10-year median of 0.26 and 491.1% above the Asset Management industry median of 4.50. Neuberger Energy Infrastructure andome Fund's overall GF Score™ is 31/100 with 9 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 Neuberger Energy Infrastructure andome Fund (NML), the current ROA % is 26.60% as of May. 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 Energy Infrastructure andome Fund (NML) Overvalued in 2026?
Based on GuruFocus' analysis, Neuberger Energy Infrastructure andome Fund stock appears to be overvalued.
The current stock price of $10.85 is trading 2114.3% above its estimated GF Value™ of $0.49.
GuruFocus considers Neuberger Energy Infrastructure andome Fund to be Significantly Overvalued.
Key valuation signals for NML:
ROA %: 26.60% (10131% above median its 10-year median of 0.26)
GF Value™: $0.49 vs. price of $10.85 (2114.3% above fair value)
Industry Position: 491.1% above the Asset Management median (#255 of 1617)
No single metric tells the full story. See the NML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neuberger Berman Energy Infrastructure & Income Fund Inc is a closed-end investment management company based in the United States. Invest in Capital Markets, Chemicals, Oil, Gas & Consumable Fuels, Electric Utilities, Independent Power and Renewable Electricity Producers, Multi Utilities. Maximum is done in Oil, Gas & Consumable Fuels.
31GF Score
Get the complete analysis for NML
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NML has been successfully added to your 
