JMM vs JRI

Nuveen Multi-Market Income Fund vs Nuveen Real Asset Income and Gr — Valuation Comparison 2026

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

Quick Summary — JRI scores higher on quality with 1.8/10 vs JMM's 1.7/10. JMM trades at $5.82 while JRI trades at $12.77. 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

JRI

Asset Management
Nuveen Real Asset Income and Gr
Quality
1.8
out of 10
Value Trap
Price
$12.77
Last close
Models
6/13
Active
JMM
2 models active
Quality 1.7/10 — below average
JRI
Markov DDM sees +7.5% upside
Quality 1.8/10 — below average

JMM vs JRI — Fair Value Comparison

JMM
$0$2$5$7 Price$5.82 Bayesian …$1.51 (-74.0%) Markov DDM$3.71 (-36.8%)
JRI
$0$5$11$16 Price$12.77 Bayesian …$3.32 (-74.0%) Markov DDM$13.73 (+7.5%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType JMM Fair ValueJMM Upside JRI Fair ValueJRI Upside
Bayesian DCF Intrinsic $1.51 -74.0% $3.32 -74.0%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $3.71 -36.8% $13.73 +7.5%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%

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

JRI 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 JRI Valuations Compare?

At $5.82, JMM trades +74.0% above its Bayesian DCF fair value of $1.51, while JRI at $12.77 trades +74.0% above its estimate of $3.32. JRI shows a wider gap between price and intrinsic value.

Quality of Company: JMM vs JRI

JMM earns a Quality of Company score of 1.7/10 compared to JRI'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 JRI

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

Both in Asset Management

Both JMM and JRI 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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