Stock fact sheet · data as of
Neuberger Next Generation Connectivity Fund Inc. (NBXG): fair value, margin of safety and Wheel Score
Ticker symbol NBXG · Financial Services · Asset Management · United States · Fund / Note
Is NBXG undervalued?
At 14.20 (close of 5 Nov 2026), NBXG trades 84% below the GLS average fair value of 91.00. That average comes from 9 models run on the latest filings, and 9 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Neuberger Next Generation Connectivity Fund Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (21.37) and GLS Growth (249.02). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
NBXG looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for NBXG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 57.55 | +305% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 39.79 | +180% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 232.67 | +1538% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 101.69 | +616% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 249.02 | +1654% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 24.07 | +70% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 47.66 | +236% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 21.37 | +50% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 45.20 | +218% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.1049 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for NBXG (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. There is no GLS Moat score for NBXG: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are high - ROIC 23.5%, ROE 23.5%, ROA 23.1% - with debt at 0.00 times equity and a free-cash-flow yield of 8.5%.
The dividend yield is high at 10.22% (payout ratio 29%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 23.5% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 23.5% |
| Debt / equity | 0.00 | ROA | 23.1% |
| Free-cash-flow yield | 8.5% | Payout ratio | 29% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 25: No options
No options are listed on Neuberger Next Generation Connectivity Fund Inc. in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 25, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 339k shares a day on a market cap of $1.1B, with a beta of 1.24 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 84% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 1.24, $1.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for NBXG in the nightly calendar. The shares go ex-dividend on 16 Nov 2026 (0.1320 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Neuberger Next Generation Connectivity Fund Inc. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OCSL Oaktree Specialty Lending Corporation | 12.61 | 24.94 | +49% | 45Weak | $1.1B |
| PSGCX Virtus KAR Small-Cap Growth Fund Class C | 10.43 | 43.38 | +76% | 26No options | $1.1B |
| KLCIX Federated Hermes Kaufmann Large Cap Fund Institutional Shares | 18.53 | 83.48 | +78% | 28No options | $1.1B |
| EACAX Eaton Vance California Municipal Opportunities Fund | 9.79 | 13.63 | +28% | 27No options | $1.1B |
| CAM Alliance Bernstein - AB California Intermediate Municipal ETF | 24.66 | 23.15 | -7% | 12No options | $1.1B |
| VRISX Virtus KAR International Small-Mid Cap Fund Class R6 | 21.69 | 62.11 | +65% | 26No options | $1.1B |
| ARCVX American Century Investments One Choice 2030 Portfolio | 12.91 | - | - | 9No options | $1.1B |
| VIISX Virtus KAR International Small-Mid Cap Fund | 21.64 | 38.36 | +44% | 26No options | $1.1B |
| WBSNX William Blair Small Cap Growth Fund Class N | 31.34 | 19.62 | -60% | 11No options | $1.2B |
| AOD Abrdn Total Dynamic Dividend Fund | 10.24 | 63.04 | +84% | 25No options | $1.1B |
| ARDVX American Century One Choice 2040 Ptf Investor Class | 14.14 | 14.77 | +4% | 11No options | $1.1B |
| FICDX Fidelity Canada Fund | 90.95 | 2,243.16 | +96% | 29No options | $1.2B |
⚖ Compare NBXG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about NBXG
Is NBXG undervalued right now?
By the GLS models, yes: at 14.20 the stock is 84% below the average fair value of 91.00 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NBXG and what does it mean?
NBXG has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for NBXG?
91.00 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Neuberger Next Generation Connectivity Fund Inc. report earnings next?
No upcoming earnings date is recorded for NBXG in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does NBXG have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NBXG, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.