Stock fact sheet · data as of
Nuveen Multi-Asset Income Fund (NMAI): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Growth
Is NMAI undervalued?
At 13.67 (close of 16 Oct 2026), NMAI trades 78% below the GLS average fair value of 60.99. 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 Nuveen Multi-Asset Income Fund 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 DCF (16.55) and GLS Growth (168.46). 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.
The nightly engine files NMAI under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for NMAI
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 | 16.55 | +21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 30.60 | +124% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 157.40 | +1051% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 68.79 | +403% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 168.46 | +1132% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 18.76 | +37% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 37.15 | +172% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 20.63 | +51% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 30.57 | +124% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.99 | -144% | 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
Nuveen Multi-Asset Income Fund scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability NMAI scores 5.0/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 11.8%, ROE 17.0%, ROA 11.7% - with debt at 0.45 times equity and a free-cash-flow yield of 6.9%.
The dividend yield is high at 10.26% (payout ratio 53%). 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 2/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 11.8% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 17.0% |
| Debt / equity | 0.45 | ROA | 11.7% |
| Free-cash-flow yield | 6.9% | Payout ratio | 53% |
| Institutions | 2 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Nuveen Multi-Asset Income Fund in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 99k shares a day on a market cap of $457M, with a beta of 1.00; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 78% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 7 / 20 | 99k shares/day, $457M cap, beta 1.00 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for NMAI in the nightly calendar.
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 Nuveen Multi-Asset Income Fund 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 |
|---|---|---|---|---|---|
| IFN Aberdeen India Fund, Inc. | 10.69 | 20.03 | +47% | 39No options | $456M |
| BGR BlackRock Energy and Resources Trust | 18.01 | 25.39 | +29% | 39No options | $458M |
| GUG Guggenheim Active Allocation Fund | 13.77 | 49.06 | +72% | 39No options | $454M |
| EIM Eaton Vance Municipal Bond Fund | 8.82 | 9.40 | +6% | 39No options | $453M |
| FCFAX Frost Credit Fund | 8.90 | 15.96 | +44% | 39No options | $463M |
| ARGVX American Century One Choice 2060 Portfolio;Investor | 17.42 | 102.39 | +83% | 39No options | $445M |
| FTHY First Trust High Yield Opportunities 2027 Term Fund | 12.76 | 31.45 | +59% | 36No options | $469M |
| DPG Duff & Phelps Utility and Infrastructure Fund Inc. | 13.14 | 91.92 | +86% | 39No options | $473M |
| HNASX Homestead Fds, Inc. Growth Fund | 19.53 | 22.68 | +14% | 39No options | $440M |
| VLAIX Value Line Asset Allocation Fund Institutional Class | 33.34 | 35.27 | +5% | 39No options | $438M |
| VKQ Invesco Municipal Trust | 8.61 | 8.66 | +1% | 36No options | $476M |
| GHY PGIM Global High Yield Fund, Inc. | 10.69 | 18.36 | +42% | 39No options | $438M |
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Start free See the Sunday ScanQuestions about NMAI
Is NMAI undervalued right now?
By the GLS models, yes: at 13.67 the stock is 78% below the average fair value of 60.99 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NMAI and what does it mean?
NMAI has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for NMAI?
60.99 per share as of 16 Oct 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 Nuveen Multi-Asset Income Fund report earnings next?
No upcoming earnings date is recorded for NMAI in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does NMAI have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NMAI, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.