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Nuveen Core Equity Alpha Fund (Nuveen Core Equity Alpha Fund) Price-to-Tangible-Book : 1.08 (As of May. 26, 2024)


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What is Nuveen Core Equity Alpha Fund Price-to-Tangible-Book?

As of today (2024-05-26), Nuveen Core Equity Alpha Fund's share price is $14.40. Nuveen Core Equity Alpha Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $13.28. Hence, Nuveen Core Equity Alpha Fund's Price to Tangible Book Ratio of today is 1.08.

The historical rank and industry rank for Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book or its related term are showing as below:

JCE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93   Med: 0.99   Max: 1.12
Current: 1.08

During the past 7 years, Nuveen Core Equity Alpha Fund's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.93. And the median was 0.99.

JCE's Price-to-Tangible-Book is ranked worse than
70.49% of 1623 companies
in the Asset Management industry
Industry Median: 0.96 vs JCE: 1.08

A closely related ratio is called PB Ratio. As of today, Nuveen Core Equity Alpha Fund's share price is $14.40. Nuveen Core Equity Alpha Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was $13.28. Hence, Nuveen Core Equity Alpha Fund's P/B Ratio of today is 1.08.


Nuveen Core Equity Alpha Fund Price-to-Tangible-Book Historical Data

The historical data trend for Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book can be seen below:

* 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.

* Premium members only.

Nuveen Core Equity Alpha Fund Price-to-Tangible-Book Chart

Nuveen Core Equity Alpha Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.97 0.93 1.07 1.12 1.02

Nuveen Core Equity Alpha Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 0.99 1.12 0.97 1.02

Competitive Comparison of Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* 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.


Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book falls into.



Nuveen Core Equity Alpha Fund Price-to-Tangible-Book Calculation

Nuveen Core Equity Alpha Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=14.40/13.284
=1.08

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Nuveen Core Equity Alpha Fund Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Nuveen Core Equity Alpha Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


Nuveen Core Equity Alpha Fund (Nuveen Core Equity Alpha Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Core Equity Alpha Fund is a diversified closed-end management investment company. Its investment objective is to provide an attractive level of total return, through long-term capital appreciation and through income and gains. The Fund invests in a portfolio of actively managed large-capitalization U.S. common stocks, using the sub-adviser's proprietary quantitative process designed to provide the potential for long-term outperformance.
Executives
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Pei Hsiang Chen other: Portfolio Manager 333 W. WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Maxim Kozlov other: Portfolio Manager 333 W. WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Jody I Hrazanek other: Portfolio Manager 230 PARK AVENUE, NEW YORK NY 10169
Huffman William T. Jr. officer: President of NAM, LLC C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, STE. 3300, CHICAGO IL 60606

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