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Neuberger Berman IMF Inc (NBH) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Neuberger Berman IMF Inc $9.70, price $9.50, upside +2.1%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · US · ISIN US64124P1012

NB Neuberger Berman IMF Inc logo Thin data Sep 24, 2026

Neuberger Berman IMF Inc

NBH · US

Low PriorityFair Value upside is limited and quality is weak.

·Fair value $9.70 · Fairly valued (+2%)
!Quality 49/100
!Mixed Growth (revenue YoY +33.7 %/yr)
✓Highly profitable · 73.6% net margin (TTM)
!Moderate debt
·6.84% dividend yield
!Mixed vs. peers (6/13)
!Moderate moat 61/100
!Evidence only low, so the estimate is less certain
!Weak on future: 9 out of 100
!Weak on past: 25 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$13.18 $7.44 Fair Value $9.70 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $7.44 – $13.18 · fair‑value band $7.27 – $12.12 · the $9.50 price screens below the $9.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States.

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Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years. It seeks to invest in securities rated in the four highest categories by a nationally recognized statistical rating organization. The fund seeks to maintain a weighted average duration of between three and eight years. Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. was formed on July 29, 2002 and is domiciled in the United States.

Stock analysis

Neuberger Berman IMF Inc (NBH) currently trades at $9.50, while our model-based Fair Value estimate is $9.70, implying the stock looks roughly 2.1% fairly valued today.

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Valuation

How firm this estimate is: it rests on 15 models at a data quality of 88/100, which puts the evidence level at low.

Scenario range: $7.27 (bear) to $12.12 (bull), the price of $9.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Neuberger Berman IMF Inc reported revenue of $16.5M in FY2025 versus $19.9M in FY2021, a compound −4.5%/yr. Reported net income was $4.8M in FY2025, compounding −26.6%/yr from FY2021.

Key figures

Market cap $281M · P/E ratio 13.6 · P/S ratio 3.95 · EPS (TTM) $0.7000 · Dividend yield 6.8% · Net margin 29.1% · Return on equity 6.2% · Return on assets (EBIT) 0.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 9% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 2%, NBH screens cheaper than that median.

Fair Value models

Bear $7.27 Fair Value $9.70 Bull $12.12
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 11 months old). Earnings retained since then ($0.0451 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
P/B Multiple $7.27 $9.70 $12.12 55
NCAV (Graham) $5.70 $7.64 $11.41 54
All 2 models by family
Multiples
P/B Multiple $7.27 $9.70 $12.12 55
Asset-Based
NCAV (Graham) $5.70 $7.64 $11.41 54

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Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 49

Profitability 30
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+33.7%
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−21.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.6%
Dividend (yield on the price)6.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−29% vs −18%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.41% → 85%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 7.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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Earlier news

News mood ⓘNews mood, the average tone of recent news (18 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.

Compare Neuberger Berman IMF Inc with another stock

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 658 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside +2% · Below median
Profitability
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 74% · Top 25%
Operating margin (TTM) 88% · Top 25%
Growth and dividend
Revenue growth 2% · Below median
Dividend yield (TTM) 6.8% · Above median
Balance sheet
Debt / equity 0.50× · Above median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (TTM) 13.6× · Pricier than median
P/B 0.83× · Cheaper than median
P/S (TTM) 10.05× · Priciest 25%
EV/EBITDA 32.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)36 · sector 54
FUTURE (revenue growth)9 · sector 21
PAST (return on equity)25 · sector 22
HEALTH (low debt)75 · sector 95
DIVIDEND (yield)100 · sector 81

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $124.01 $52.88 −57%
Brookfield Corporation BN $37.85 $13.75 −64%
KKR & Co KKR $98.44 $19.97 −80%
Apollo Global Management, Inc APO $124.15 $229.64 +85%
State Street Corporation STT $180.25 $138.33 −23%
Ameriprise Financial, Inc AMP $512.37 $579.51 +13%
Ares Management Corporation ARES $124.72 $119.25 −4%
Northern Trust Corporation NTRS $173.40 $122.02 −30%
Raymond James Financial, Inc RJF $159.39 $312.27 +96%
T. Rowe Price Group TROW $104.17 $208.34 +100%

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Cite: Fair Value Calculator (2026). "Neuberger Berman IMF Inc Fair Value". https://www.fairvalue-calculator.com/stock/NBH

Frequently asked questions

Is Neuberger Berman IMF Inc (NBH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $9.70 versus a price of $9.50, about +2% upside (fairly valued).
What is the fair value of NBH?
Our model-based fair value for Neuberger Berman IMF Inc is $9.70 (as of Sep 24, 2026), built from audited fundamentals. The current price: $9.50.
What is the quality score of NBH?
Neuberger Berman IMF Inc has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Neuberger Berman IMF Inc (NBH)?
Our model-based price target is the fair value of $9.70 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario $7.27, optimistic scenario $12.12. It is a calculation from audited fundamentals, not an analyst target.
What is the Neuberger Berman IMF Inc stock forecast for 2026?
Our models put fair value at $9.70, about +2% upside versus a price of $9.50 (fairly valued). Cautious scenario $7.27, optimistic scenario $12.12. The calculation is refreshed regularly with new filings.
What is the revenue of Neuberger Berman IMF Inc (NBH)?
Neuberger Berman IMF Inc reported trailing-twelve-month revenue of about $28.0M (latest available figure, as of Sep 24, 2026).
Does Neuberger Berman IMF Inc pay a dividend?
Neuberger Berman IMF Inc currently shows a dividend yield of about 6.84% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Neuberger Berman IMF Inc (NBH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Neuberger Berman IMF Inc it is $9.70 per share (as of Sep 24, 2026), against a price of $9.50. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Neuberger Berman IMF Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NBH trades below its calculated fair value: price $9.50, fair value $9.70, a gap of about +2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NBH?
No. The price is what the market pays today ($9.50); the fair value is what the company's own numbers justify ($9.70). For Neuberger Berman IMF Inc the two are $0.2000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Neuberger Berman IMF Inc worth?
The market values Neuberger Berman IMF Inc at about $281M (market capitalisation, as of Sep 24, 2026). Per share that is $9.50; our models calculate a fair value of $9.70 per share.
What do the bullish and bearish scenarios say about NBH?
Our models span a range for Neuberger Berman IMF Inc: cautious scenario $7.27, base $9.70, optimistic $12.12 per share (as of Sep 24, 2026, price $9.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NBH?
Neuberger Berman IMF Inc trades at a price-to-earnings ratio of 13.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.70 is built from several models across several years. Other multiples: P/B 0.8, P/S 10.0, EV/EBITDA 32.3.
How solid is the balance sheet of Neuberger Berman IMF Inc (NBH)?
Balance-sheet figures for Neuberger Berman IMF Inc (as of Sep 24, 2026): return on equity 6.2%, debt of 0.50 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is NBH from its 52-week high?
Neuberger Berman IMF Inc trades at $9.50, about 9% below its 52-week high of $10.48 and at the low of $9.50 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $9.70 is for.
Which stocks are comparable to Neuberger Berman IMF Inc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Neuberger Berman IMF Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $9.50, calculated fair value $9.70 (+2%), Quality Score 49/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NBH calculated?
We run Neuberger Berman IMF Inc through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $9.70, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Neuberger Berman IMF Inc currently trades 2 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Neuberger Berman IMF Inc (NBH)?
The closing price on Sep 23, 2026 was $9.50. Our model-based fair value is $9.70, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Neuberger Berman IMF Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Neuberger Berman IMF Inc

How large is the market capitalisation of Neuberger Berman IMF Inc (NBH)?
The market capitalisation of Neuberger Berman IMF Inc is $281M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Neuberger Berman IMF Inc (NBH)?
The price-to-sales ratio of Neuberger Berman IMF Inc is 3.95 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Neuberger Berman IMF Inc (NBH)?
Earnings per share at Neuberger Berman IMF Inc are $0.7000 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Neuberger Berman IMF Inc (NBH)?
The dividend yield of Neuberger Berman IMF Inc is 6.8% (payout 92.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Neuberger Berman IMF Inc (NBH)?
The net margin of Neuberger Berman IMF Inc is 29.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Neuberger Berman IMF Inc (NBH)?
The return on equity (ROE) of Neuberger Berman IMF Inc is 6.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Neuberger Berman IMF Inc (NBH)?
On an EBIT basis the return on assets of Neuberger Berman IMF Inc is 0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Neuberger Berman IMF Inc (NBH)?
The operating margin of Neuberger Berman IMF Inc is 87.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Neuberger Berman IMF Inc (NBH)?
Revenue at Neuberger Berman IMF Inc is growing +1.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Neuberger Berman IMF Inc (NBH)?
Earnings per share at Neuberger Berman IMF Inc are growing +31.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Neuberger Berman IMF Inc (NBH) carry?
The net debt of Neuberger Berman IMF Inc is $228M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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