JMM vs JRS

Nuveen Multi-Market Income Fund vs Nuveen Real Estate Income Fund — Valuation Comparison 2026

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

Quick Summary — JRS scores higher on quality with 1.8/10 vs JMM's 1.7/10. JMM trades at $5.82 while JRS trades at $8.12. 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

JRS

Asset Management
Nuveen Real Estate Income Fund
Quality
1.8
out of 10
Value Trap
Price
$8.12
Last close
Models
8/13
Active
JMM
2 models active
Quality 1.7/10 — below average
JRS
2 models active
Quality 1.8/10 — below average

JMM vs JRS — Fair Value Comparison

JMM
$0$2$5$7 Price$5.82 Bayesian …$1.51 (-74.0%) Markov DDM$3.71 (-36.8%)
JRS
$0$3$6$10 Price$8.12 Bayesian …$2.11 (-74.0%) Markov DDM$5.84 (-28.1%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType JMM Fair ValueJMM Upside JRS Fair ValueJRS Upside
Bayesian DCF Intrinsic $1.51 -74.0% $2.11 -74.0%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $3.71 -36.8% $5.84 -28.1%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%

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

JRS 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 JRS Valuations Compare?

At $5.82, JMM trades +74.0% above its Bayesian DCF fair value of $1.51, while JRS at $8.12 trades +74.0% above its estimate of $2.11. JRS shows a wider gap between price and intrinsic value.

Quality of Company: JMM vs JRS

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

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

Both in Asset Management

Both JMM and JRS 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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