NMZ (Nuveen Municipal Highome Opp Fund) Scaled Net Operating Assets: 1.07 (As of Apr. 2026)


NMZ Nuveen Municipal High Income Opp Fund NMZ
49 GF Score
Price $10.55
GF Value $27.89
Valuation Possible Value Trap
! 7 Warning Signs
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What is Nuveen Municipal Highome Opp Fund Scaled Net Operating Assets?

Nuveen Municipal Highome Opp Fund NMZ +0.19% 49 Scaled Net Operating Assets is 1.07 as of Apr. 2026. GuruFocus rates NMZ with a GF Score™ of 49/100 and a GF Value™ of $27.89 (Possible Value Trap). The stock has 7 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 Municipal Highome Opp Fund's operating assets for the quarter that ended in Apr. 2026 was $3,729.23 Mil. Nuveen Municipal Highome Opp Fund's operating liabilities for the quarter that ended in Apr. 2026 was $1,513.31 Mil. Nuveen Municipal Highome Opp Fund's Total Assets for the quarter that ended in Oct. 2025 was $2,076.77 Mil. Therefore, Nuveen Municipal Highome Opp Fund's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 1.07.

NMZ
49GF Score
Nuveen Municipal High Income Opp Fund NMZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Municipal Highome Opp 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 Municipal Highome Opp Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(2075.853-829.775)/2079.344
=0.60

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2076.771 - 0.918
=2075.853

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=829.775 - 0 - 0
=829.775

Nuveen Municipal Highome Opp Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(3729.234-1513.311)/2076.771
=1.07

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3746.301 - 17.067
=3729.234

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1513.311 - 0 - 0
=1513.311

* 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 1.07 mean?
Nuveen Municipal Highome Opp Fund (NMZ) has a Scaled Net Operating Assets of 1.07 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen Municipal Highome Opp Fund and its competitors.
Is Nuveen Municipal Highome Opp Fund's Scaled Net Operating Assets too high?
Nuveen Municipal Highome Opp Fund's current Scaled Net Operating Assets is 1.07. Overall, Nuveen Municipal Highome Opp Fund has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nuveen Municipal Highome Opp Fund's Scaled Net Operating Assets compare to JFR and HQH?
Nuveen Municipal Highome Opp Fund's Scaled Net Operating Assets of 1.07 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 Municipal Highome Opp Fund and its competitors. Nuveen Municipal Highome Opp Fund's current Scaled Net Operating Assets is 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Municipal Highome Opp Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Municipal Highome Opp Fund (NMZ) is currently considered Possible Value Trap. The stock's GF Value™ is $27.89, compared to a current price of $10.55 — trading 62.2% below its estimated fair value. The current Scaled Net Operating Assets is 1.07. Nuveen Municipal Highome Opp Fund's overall GF Score™ is 49/100 with 7 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 Municipal Highome Opp Fund (NMZ), the current Scaled Net Operating Assets is 1.07 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 Nuveen Municipal Highome Opp Fund (NMZ) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen Municipal Highome Opp Fund stock appears to be undervalued. The current stock price of $10.55 is trading 62.2% below its estimated GF Value™ of $27.89. GuruFocus considers Nuveen Municipal Highome Opp Fund to be Possible Value Trap.

Key valuation signals for NMZ:

  • Scaled Net Operating Assets: 1.07
  • GF Value™: $27.89 vs. price of $10.55 (62.2% below fair value)
  • GF Score™: 49/100 with 7 warning signs

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

Nuveen Municipal Highome Opp Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Municipal High Income Opp Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide high current income exempt from regular federal income tax. The Fund's secondary investment objective is to seek an attractive total return consistent with its primary objective.
49GF 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.

$10.55
Price
$27.89
GF Value