# Nuveen AMT-Free Quality Municipal Income Fund of Beneficial Interest Par Value $.01 (NEA) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $10.32, market value $3.1 billion.

## Valuation
- **P/E (trailing): 13.4×** (5-yr avg 35.2×, 3-yr avg 35.2×). Nuveen AMT-Free Quality Municipal Income Fund of Beneficial Interest Par Value $.01 trades at 13.4× trailing earnings, well below its own five-year average of 35.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 31.6×**. Each dollar of revenue is priced at 31.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 10.4%** (5-yr avg 9.7%). Free cash flow equals 10.4% of the market value, in line with its five-year average of 9.7%. Above 5% is generally attractive.
- **Earnings yield: 7.5%**. The inverse of the P/E: 7.5% of the price is earned each year.

## Profitability
- **Net margin: 83.3%**. 83.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.3%**. 2.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.4%**. Each dollar of assets produces 1.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -83.2%**. Revenue fell 83.2% over the last year.
- **Free-cash-flow growth (3 yr): 0.3%/yr**. Free cash flow has compounded at 0.3% a year over three years.

## Dividends
- **Dividend yield: 7.91%** ($0.87 per share, trailing). Nuveen AMT-Free Quality Municipal Income Fund of Beneficial Interest Par Value $.01 yields 7.91%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 317%** (80% of free cash flow). The dividend exceeds earnings (317% payout), though free cash flow still covers it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 4.8%/yr** (1-yr 14.1%). The dividend has grown 4.8% a year over five years.
- **Shareholder yield: 15.9%**. Dividends plus net buybacks return 15.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): -6.4%** (YTD -7.4%, 3-mo -8.3%). The shares are down 6.4% over twelve months including dividends.
- **From 52-week high: -13.3%** (8.3% above the low). Trading 13% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.32** (volatility 13%). Beta of 0.32 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NEA · Page: https://foliofundamentals.com/stocks/nea

Not investment advice.