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Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Neuberger Berman Next Generation Connectivity Fund ROE % Related Terms
Neuberger Berman Next Generation Connectivity Fund ROE % 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 ROE % Chart
Neuberger Berman Next Generation Connectivity Fund Annual Data
Trend
Oct21
Oct22
Oct23
Oct24
Oct25
ROE %
0.00
-49.35
12.24
28.54
25.63
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 ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a ROE % of 3.73% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. This is 80% below median its historical median of 18.94. According to the industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #197 out of 1611 companies in the Asset Management industry, placing it in the top 12.2%.
Is Neuberger Berman Next Generation Connectivity Fund's ROE % too high?
Neuberger Berman Next Generation Connectivity Fund's current ROE % of 3.73% is 80% below median its 10-year median of 18.94. The Asset Management industry median ROE % is 6.86. Neuberger Berman Next Generation Connectivity Fund's value of 3.73% is 45.6% below this industry median. Based on the distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #197 out of 1611 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 ROE % compare to FRBP and DSL?
According to the Asset Management industry distribution chart, Neuberger Berman Next Generation Connectivity Fund ranks #197 out of 1611 companies for ROE %. This places Neuberger Berman Next Generation Connectivity Fund in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 6.86. Neuberger Berman Next Generation Connectivity Fund's value of 3.73% is 45.6% below this benchmark. While the company's 10-year median is 18.94 vs. the industry median of 6.86, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.86, based on 1,611 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % of 3.73% is 45.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Neuberger Berman Next Generation Connectivity Fund and its competitors. For the Asset Management industry, the median ROE % is 6.86 — 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 ROE % is 3.73%, which is 80% below median its own 10-year median of 18.94. 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 ROE % is 3.73%, which is 80% below median its 10-year median of 18.94 and 45.6% below the Asset Management industry median of 6.86. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Neuberger Berman Next Generation Connectivity Fund (NBXG), the current ROE % is 3.73% 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:
ROE %: 3.73% (80% below median its 10-year median of 18.94)
GF Value™: $18.16 vs. price of $15.26 (16% below fair value)
Industry Position: 45.6% below the Asset Management median (#197 of 1611)
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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