Nuveen California AMT-Free Quality Municipal Income Fund

Nuveen California AMT-Free Quality Municipal Income Fundverified

NKX

Price:

$13.48

Market Cap:

$640.57M

Nuveen California 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 California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's...[Read more]

Industry

Asset Management - Income

IPO Date

2003-01-16

Stock Exchange

NYSE

Ticker

NKX

The PE Ratio as of September 2024 (TTM) for Nuveen California AMT-Free Quality Municipal Income Fund (NKX) is 15.86

According to Nuveen California AMT-Free Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 15.86. This represents a change of -49.16% compared to the average of 31.20 of the last 4 quarters.

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

How has NKX PE Ratio performed in the past?

The mean historical PE Ratio of Nuveen California AMT-Free Quality Municipal Income Fund over the last ten years is 18.55. The current 15.86 PE Ratio has changed 8.45% with respect to the historical average. Over the past ten years (40 quarters), NKX's PE Ratio was at its highest in in the May 2023 quarter at 119.16. The PE Ratio was at its lowest in in the November 2017 quarter at -26.84.

Quarterly (TTM)
Annual

Average

18.55

Median

9.94

Minimum

-105.81

Maximum

292.40

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

Discovering the peaks and valleys of Nuveen California 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 = 1.94%

Maximum Annual PE Ratio = 292.40

Minimum Annual Increase = -1952.97%

Minimum Annual PE Ratio = -105.81

Quarterly (TTM)
Annual
YearPE RatioChange
202413.50-335.00%
2023-5.74-92.85%
2022-80.33-24.08%
2021-105.81-1952.97%
20205.71-76.74%
201924.5519.91%
201820.47-93.00%
2017292.401.94%
201614.34124.82%
20156.38-110.59%

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

How has NKX PE Ratio performed in the past?

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

3-year avg

-24.19

5-year avg

-34.54

10-year avg

18.55

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

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

Nuveen California AMT-Free Quality Municipal Income Fund’s PE Ratio is less than BlackRock California Municipal Income Trust (0), less than BlackRock MuniYield Quality Fund, Inc. (30.74), greater than BlackRock Municipal Income Fund, Inc. (-2965.96), greater than BlackRock MuniVest Fund, Inc. (-847.96), less than PIMCO California Municipal Income Fund II (22.30), greater than PIMCO California Municipal Income Fund (13.09), greater than Eaton Vance California Municipal Bond Fund (4.09), greater than Invesco California Value Municipal Income Trust (0), greater than BlackRock MuniYield Fund, Inc. (4.56), greater than BlackRock MuniYield Quality Fund III, Inc. (-7040.77), less than BlackRock MuniHoldings Quality Fund II, Inc. (20.84), less than null (22.73),

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