NCA (Nuveen California Municipal Value Fund) Scaled Net Operating Assets: 1.05 (As of Feb. 2026)


NCA Nuveen California Municipal Value Fund Inc NCA
34 GF Score
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What is Nuveen California Municipal Value Fund Scaled Net Operating Assets?

Nuveen California Municipal Value Fund NCA +0.21% 34 Scaled Net Operating Assets is 1.05 as of Feb. 2026. GuruFocus rates NCA with a GF Score™ of 34/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen California Municipal Value Fund's operating assets for the quarter that ended in Feb. 2026 was $309.07 Mil. Nuveen California Municipal Value Fund's operating liabilities for the quarter that ended in Feb. 2026 was $1.13 Mil. Nuveen California Municipal Value Fund's Total Assets for the quarter that ended in Aug. 2025 was $294.18 Mil. Therefore, Nuveen California Municipal Value Fund's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 1.05.

NCA
34GF Score
Nuveen California Municipal Value Fund Inc NCA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen California Municipal Value Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen California Municipal Value Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Feb. 2024 )
=(293.077-1.142)/312.326
=0.93

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=294.177 - 1.1
=293.077

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.142 - 0 - 0
=1.142

Nuveen California Municipal Value Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(309.065-1.133)/294.177
=1.05

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=310.285 - 1.22
=309.065

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.133 - 0 - 0
=1.133

* 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.

What does a Scaled Net Operating Assets of 1.05 mean?
Nuveen California Municipal Value Fund (NCA) has a Scaled Net Operating Assets of 1.05 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen California Municipal Value Fund and its competitors.
Is Nuveen California Municipal Value Fund's Scaled Net Operating Assets too high?
Nuveen California Municipal Value Fund's current Scaled Net Operating Assets is 1.05. 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 Scaled Net Operating Assets compare to SSSS and EFR?
Nuveen California Municipal Value Fund's Scaled Net Operating Assets of 1.05 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen California Municipal Value Fund and its competitors. Nuveen California Municipal Value Fund's current Scaled Net Operating Assets is 1.05. 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 Scaled Net Operating Assets of 1.05. The current Scaled Net Operating Assets is 1.05. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nuveen California Municipal Value Fund (NCA), the current Scaled Net Operating Assets is 1.05 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

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
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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