# Nuveen Variable Rate Preferred & Income Fund (NPFD) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $18.68, market value $451 million.

## Valuation
- **P/E (trailing): 8.7×** (5-yr avg 5.6×, 3-yr avg 5.6×). Nuveen Variable Rate Preferred & Income Fund trades at 8.7× trailing earnings, well above its own five-year average of 5.6×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 6.8×**. Each dollar of revenue is priced at 6.8×.
- **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: 3.2%** (5-yr avg -78.8%). Free cash flow equals 3.2% of the market value, above its five-year average of -78.8%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 11.5%**. The inverse of the P/E: 11.5% of the price is earned each year.

## Profitability
- **Net margin: 97.8%**. 97.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.4%**. 13.4% on shareholders' equity is solid.
- **Return on assets: 8.4%**. Each dollar of assets produces 8.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 385.5%**. Revenue grew 385.5% over the last year.
- **EPS growth (1 yr): 365.7%**. Earnings per share rose 365.7%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $100,436**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 10.05%** ($1.99 per share, trailing). Nuveen Variable Rate Preferred & Income Fund yields 10.05%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 47%** (209% of free cash flow). 47% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.

## Price and momentum
- **Total return (1 yr): 4.3%** (YTD 4.0%, 3-mo 1.5%). The shares are up 4.3% over twelve months including dividends.
- **From 52-week high: -7.2%** (6.2% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.34** (volatility 10%). Beta of 0.34 against the S&P 500: the shares move much less than the market.

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

Not investment advice.