NMAI (Nuveen Multi-Assetome Fund) Scaled Net Operating Assets: 1.00 (As of Dec. 2025)


NMAI Nuveen Multi-Asset Income Fund NMAI
46 GF Score
Price $14.22
GF Value $22.01
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nuveen Multi-Assetome Fund Scaled Net Operating Assets?

Nuveen Multi-Assetome Fund NMAI +1.57% 46 Scaled Net Operating Assets is 1.00 as of Dec. 2025. GuruFocus rates NMAI with a GF Score™ of 46/100 and a GF Value™ of $22.01 (Possible Value Trap). The stock has 4 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 Multi-Assetome Fund's operating assets for the quarter that ended in Dec. 2025 was $695.06 Mil. Nuveen Multi-Assetome Fund's operating liabilities for the quarter that ended in Dec. 2025 was $3.65 Mil. Nuveen Multi-Assetome Fund's Total Assets for the quarter that ended in Jun. 2025 was $691.82 Mil. Therefore, Nuveen Multi-Assetome Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.00.

NMAI
46GF Score
Nuveen Multi-Asset Income Fund NMAI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Multi-Assetome 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 Multi-Assetome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(695.058-3.653)/650.243
=1.06

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=695.087 - 0.029
=695.058

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=216.611 - 212.958 - 0
=3.653

Nuveen Multi-Assetome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(695.058-3.653)/691.821
=1.00

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=695.087 - 0.029
=695.058

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=216.611 - 212.958 - 0
=3.653

* 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 1.00 mean?
Nuveen Multi-Assetome Fund (NMAI) has a Scaled Net Operating Assets of 1.00 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen Multi-Assetome Fund and its competitors.
Is Nuveen Multi-Assetome Fund's Scaled Net Operating Assets too high?
Nuveen Multi-Assetome Fund's current Scaled Net Operating Assets is 1.00. Overall, Nuveen Multi-Assetome Fund has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nuveen Multi-Assetome Fund's Scaled Net Operating Assets compare to HPS and NBB?
Nuveen Multi-Assetome Fund's Scaled Net Operating Assets of 1.00 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 Multi-Assetome Fund and its competitors. Nuveen Multi-Assetome Fund's current Scaled Net Operating Assets is 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Multi-Assetome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Multi-Assetome Fund (NMAI) is currently considered Possible Value Trap. The stock's GF Value™ is $22.01, compared to a current price of $14.22 — trading 35.4% below its estimated fair value. The current Scaled Net Operating Assets is 1.00. Nuveen Multi-Assetome Fund's overall GF Score™ is 46/100 with 4 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 Multi-Assetome Fund (NMAI), the current Scaled Net Operating Assets is 1.00 as of Dec. 2025. 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 Nuveen Multi-Assetome Fund (NMAI) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen Multi-Assetome Fund stock appears to be undervalued. The current stock price of $14.22 is trading 35.4% below its estimated GF Value™ of $22.01. GuruFocus considers Nuveen Multi-Assetome Fund to be Possible Value Trap.

Key valuation signals for NMAI:

  • Scaled Net Operating Assets: 1.00
  • GF Value™: $22.01 vs. price of $14.22 (35.4% below fair value)
  • GF Score™: 46/100 with 4 warning signs

No single metric tells the full story. See the NMAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nuveen Multi-Assetome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Multi-Asset Income Fund is a closed-end management investment company. The Fund dynamically invests in a portfolio of equity and debt securities of issuers located around the world. This dynamic investment uses a risk-based framework in which any amount can be allocated to an asset-class at any time. The Fund's investment objective is to provide total return through high current income and capital appreciation.
46GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.22
Price
$22.01
GF Value