Nuveen California AMT-Free Quality Municipal Income Fund
FAIR PRICE VALUATION
Updated daily
Model: DCF 50% · Relative 30% · Consensus 20%
MARKET PRICE
$12.41
FAIR PRICE
$7.71
MARGIN
$4.70
P/E Ratio
N/A
Div. Yield
7.99%
ROE
-3.8%
Average
Market Cap
$650M
Small-cap
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FPI RATING
Low debt levels, but volatile earnings pattern and below-average fundamental quality.
Analytical data, not an investment recommendation. Updated daily.
How we calculate this ↗MARGIN OF SAFETY
A 20% margin of safety below fair value — the conservative entry level for risk-aware investors.
SAFETY MARGIN
20%
Below fair value
ENTRY LEVEL
$6.17
Fair price × 0.80
DISTANCE
50.3%
Price to entry level
At the current price of $12.41, NKX trades 50.3% above the conservative entry level of $6.17. This entry level represents a 20% margin of safety below the calculated fair price of $7.71 — a buffer that accounts for estimation uncertainty in the valuation model.
Margin of safety is a risk management concept, not an investment recommendation. The 20% threshold follows Benjamin Graham's value investing framework. Fair price and entry levels are model-based estimates updated daily. Learn more about Margin of Safety ↗
VALUATION HISTORY
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P/E RATIO HISTORY
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METHODOLOGY
How we calculate NKX's fair price
Nuveen California AMT-Free Quality Municipal Income Fund's fair price of $7.71 is derived from a blended model that combines DCF analysis (50%), relative valuation against Financial Services peers using metrics like P/E and EV/EBITDA (30%), and analyst consensus (20%). At the current market price of $12.41, NKX trades 37.9% above its calculated fair value.
DCF MODEL · 50%
Discounted free cash flow analysis based on projected cash flows, discounted at a rate reflecting NKX's risk profile.
RELATIVE · 30%
Comparing NKX's valuation multiples against Financial Services peers to determine if the stock is over or undervalued relative to its industry.
ANALYST · 20%
Aggregated analyst price targets for NKX, weighted by recency and analyst accuracy.
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Want to test your own assumptions? Use our free calculators to estimate NKX's fair value with your own inputs.
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What is the fair price of NKX?+
Based on our blended model combining DCF analysis (50%), relative valuation against Financial Services peers (30%), and analyst consensus (20%), the fair price for Nuveen California AMT-Free Quality Municipal Income Fund is $7.71. At the current market price of $12.41, NKX trades 37.9% above its calculated fair value.
Is NKX overvalued or undervalued?+
Nuveen California AMT-Free Quality Municipal Income Fund is currently overvalued based on our valuation model. The stock trades at $12.41, which is 37.9% above the fair price of $7.71.
What is the margin of safety for NKX?+
With a 20% margin of safety applied to the fair price of $7.71, the conservative entry level for NKX is $6.17. At the current market price of $12.41, the stock trades 50.3% above this entry level. Margin of safety is a risk management concept from Benjamin Graham's value investing framework, not an investment recommendation.
How often is NKX's fair price updated?+
We update fair price calculations for NKX daily after market close. The current fair price of $7.71 incorporates the latest market data and sector multiples.
What factors affect NKX's fair price calculation?+
NKX's fair price of $7.71 is derived from DCF analysis (50% weight), relative valuation against Financial Services peers (30% weight), and analyst consensus (20% weight)., ROE of -3.8%, and dividend yield of 7.99%.
Is NKX a good buy right now?+
At $12.41, NKX trades 37.9% above our fair value estimate of $7.71. The stock is currently overvalued. ROE stands at -3.8% (average). Fair Price Index provides valuation data — always do your own research before investing.
Does NKX pay dividends?+
NKX has a dividend yield of 7.99%.
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Fair Price Index is for informational purposes only and does not constitute investment advice. Fair value calculations are model-based estimates and may not reflect actual market conditions. Always conduct your own research before making investment decisions.