# Nuveen Municipal High Income Opportunity Fund Common Stock $0.01 par value per share (NMZ) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $9.86, market value $2.1 billion.

## Valuation
- **P/E (trailing): 14.3×** (5-yr avg 51.4×, 3-yr avg 51.4×). Nuveen Municipal High Income Opportunity Fund Common Stock $0.01 par value per share trades at 14.3× trailing earnings, well below its own five-year average of 51.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 78.2×**. Each dollar of revenue is priced at 78.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 1.1%** (5-yr avg -2.5%). Free cash flow equals 1.1% of the market value, above its five-year average of -2.5%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 7.0%**. The inverse of the P/E: 7.0% of the price is earned each year.

## Profitability
- **Net margin: 96.7%**. 96.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.1%**. 2.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -89.6%**. Revenue fell 89.6% over the last year.

## Dividends
- **Dividend yield: 7.97%** ($0.78 per share, trailing). Nuveen Municipal High Income Opportunity Fund Common Stock $0.01 par value per share yields 7.97%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 335%** (373% of free cash flow). The dividend exceeds earnings (335% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 1.5%/yr** (1-yr 14.5%). The dividend has grown 1.5% a year over five years.
- **Shareholder yield: 5.1%**. Dividends plus net buybacks return 5.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): 4.4%** (YTD 1.2%, 3-mo -1.9%). The shares are up 4.4% over twelve months including dividends.
- **From 52-week high: -8.4%** (0.8% above the low). Trading 8% 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): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 0.26** (volatility 9%). Beta of 0.26 against the S&P 500: the shares move much less than the market.

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

Not investment advice.