# Nuveen AMT-Free Municipal Credit Income Fund (NVG) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $11.30, market value $2.4 billion.

## Valuation
- **P/E (trailing): 12.7×** (5-yr avg 63.4×, 3-yr avg 63.4×). Nuveen AMT-Free Municipal Credit Income Fund trades at 12.7× trailing earnings, well below its own five-year average of 63.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 34.4×**. Each dollar of revenue is priced at 34.4×, 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: 9.2%** (5-yr avg 10.7%). Free cash flow equals 9.2% of the market value, in line with its five-year average of 10.7%. Above 5% is generally attractive.
- **Earnings yield: 7.9%**. The inverse of the P/E: 7.9% of the price is earned each year.

## Profitability
- **Net margin: 80.5%**. 80.5% 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: 1.2%**. Each dollar of assets produces 1.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -87.6%**. Revenue fell 87.6% over the last year.
- **Free-cash-flow growth (3 yr): -4.9%/yr**. Free cash flow has compounded at -4.9% a year over three years.

## Dividends
- **Dividend yield: 8.39%** ($0.95 per share, trailing). Nuveen AMT-Free Municipal Credit Income Fund yields 8.39%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 355%** (90% of free cash flow). The dividend exceeds earnings (355% payout), though free cash flow still covers it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 1.4%/yr** (1-yr 14.4%). The dividend has grown 1.4% a year over five years.

## Price and momentum
- **Total return (1 yr): -4.9%** (YTD -6.8%, 3-mo -8.3%). The shares are down 4.9% over twelve months including dividends.
- **From 52-week high: -16.9%** (9.8% above the low). Trading 17% 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): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.30** (volatility 13%). Beta of 0.30 against the S&P 500: the shares move much less than the market.

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

Not investment advice.