Neuberger Energy Infrastructure and Income Fund Inc. Common Stock (NML)

FairStock Score: 22/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach NML as a closed-end fund of funds, not an operating company. It invests in master limited partnerships and limited liability companies tied to energy infrastructure, so its fortunes depend on management's selection and the cash flows of those underlying assets. There is no durable competitive moat here; the fund is a price-taker in the asset-management arena, and its value rests on portfolio choices and distribution policy. The provided numbers are mixed. At the 2026-10-13 close of $10.33, the stated P/E is only 4.27, and the dividend yield is 8.14%. FairStock's Graham Number is $23.01, implying a margin of safety of 55.11%, which looks superficially cheap. But Graham would demand proof of soundness, and the quality evidence is poor: a Piotroski F-Score of 2/9, an Altman Z-Score of 1.59, and a FairStock Score of 22/100. The fund lacks a Lynch category because there are only 0 years of filed results, so I cannot assess a multi-year growth trajectory. Key metrics such as P/B, ROE, ROCE, D/E, revenue growth, and profit growth are not available, leaving little to verify the cheapness. The 52-week range of $7.89 to $10.98 shows the market has been volatile. In my view, this is a case where a high headline yield and low P/E may reflect real risk rather than a bargain. I would want to see sustained filed results, healthier balance-sheet scores, and evidence that distributions are covered before treating the gap to Graham Number as opportunity. Until then, Mr. Market may be offering a discount for good reason.

In plain English: Neuberger Energy Infrastructure and Income Fund is a closed-end fund that invests in energy infrastructure partnerships. Its quality scores look weak and there is little filed history, but it pays a high distribution and trades below one rough value estimate. Based on the numbers given, the price looks cheap on that one measure but risky on most quality measures.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer