JMM vs JOF

Nuveen Multi-Market Income Fund vs Japan Smaller Capitalization Fu — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — JOF scores higher on quality with 1.8/10 vs JMM's 1.7/10. JMM trades at $5.82 while JOF trades at $11.70. Both analyzed daily using SEC EDGAR data across 13 institutional models.

JMM

Asset Management
Nuveen Multi-Market Income Fund
Quality
1.7
out of 10
Value Trap
Price
$5.82
Last close
Models
8/13
Active
VS

JOF

Asset Management
Japan Smaller Capitalization Fu
Quality
1.8
out of 10
Value Trap
Price
$11.70
Last close
Models
9/13
Active
JMM
2 models active
Quality 1.7/10 — below average
JOF
2 models active
Quality 1.8/10 — below average

JMM vs JOF — Fair Value Comparison

JMM
$0$2$5$7 Price$5.82 Bayesian …$1.51 (-74.0%) Markov DDM$3.71 (-36.8%)
JOF
$0$5$9$14 Price$11.70 Bayesian …$3.04 (-74.0%) Markov DDM$11.66 (-0.8%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType JMM Fair ValueJMM Upside JOF Fair ValueJOF Upside
Bayesian DCF Intrinsic $1.51 -74.0% $3.04 -74.0%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $3.71 -36.8% $11.66 -0.8%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%

JMM vs JOF — Which Stock Is More Undervalued in 2026?

JOF scores higher with a 1.8/10 quality rating vs JMM's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do JMM and JOF Valuations Compare?

At $5.82, JMM trades +74.0% above its Bayesian DCF fair value of $1.51, while JOF at $11.70 trades +74.0% above its estimate of $3.04. JOF shows a wider gap between price and intrinsic value.

Quality of Company: JMM vs JOF

JMM earns a Quality of Company score of 1.7/10 compared to JOF's 1.8/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: JMM vs JOF

Review the value trap analysis for both JMM and JOF to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Asset Management

Both JMM and JOF operate in Asset Management, which has 448 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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