Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fundverified

NEA

Price:

$11.62

Market Cap:

$3.47B

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax. It seeks to invest in securities that are rated Baa/BBB or better by S&P, Moody's, or Fitch. The fund's investment portfolio comprises investments in various industries, which include transportation, healthcare, utilities, housing/multifamily, and water and sewer. It was formerly known as...[Read more]

Industry

Asset Management - Income

IPO Date

2003-01-16

Stock Exchange

NYSE

Ticker

NEA

The PE Ratio as of November 2024 (TTM) for Nuveen AMT-Free Quality Municipal Income Fund (NEA) is 72.63

According to Nuveen AMT-Free Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 72.63. This represents a change of -13603.97% compared to the average of -0.54 of the last 4 quarters.

Nuveen AMT-Free Quality Municipal Income Fund (NEA) Historical PE Ratio (quarterly & annually)

How has NEA PE Ratio performed in the past?

The mean historical PE Ratio of Nuveen AMT-Free Quality Municipal Income Fund over the last ten years is 23.95. The current 72.63 PE Ratio has changed 30.22% with respect to the historical average. Over the past ten years (40 quarters), NEA's PE Ratio was at its highest in in the July 2021 quarter at 85.04. The PE Ratio was at its lowest in in the July 2018 quarter at -100.99.

Quarterly (TTM)
Annual

Average

23.95

Median

20.61

Minimum

-52.03

Maximum

101.10

Nuveen AMT-Free Quality Municipal Income Fund (NEA) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen AMT-Free Quality Municipal Income Fund PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 335.99%

Maximum Annual PE Ratio = 101.10

Minimum Annual Increase = -2927.78%

Minimum Annual PE Ratio = -52.03

Quarterly (TTM)
Annual
YearPE RatioChange
202381.89-2927.78%
2022-2.90-117.28%
202116.76-31.48%
202024.46255.50%
20196.88-113.22%
2018-52.03-272.53%
201730.16-70.17%
2016101.10274.38%
201527.00335.99%
20146.19-163.51%

Nuveen AMT-Free Quality Municipal Income Fund (NEA) Average PE Ratio

How has NEA PE Ratio performed in the past?

The current PE Ratio of Nuveen AMT-Free Quality Municipal Income Fund (NEA) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

31.92

5-year avg

25.42

10-year avg

23.95

Nuveen AMT-Free Quality Municipal Income Fund (NEA) PE Ratio vs. Peers

How is NEA’s PE Ratio compared to its peers?

Nuveen AMT-Free Quality Municipal Income Fund’s PE Ratio is greater than Nuveen Municipal Credit Income Fund (-78.35), greater than Nuveen AMT-Free Municipal Credit Income Fund (29.59), greater than Nuveen Municipal Value Fund, Inc. (-8607.62), greater than Nuveen Municipal High Income Opportunity Fund (-33.76), greater than Nuveen Quality Municipal Income Fund (-29.26), less than Nuveen Municipal Credit Opportunities Fund (78.91), greater than BlackRock MuniVest Fund, Inc. (15.79),

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