Nuveen AMT-Free Quality Municipal Income Fund Ratios | P/E, ROE & Valuation

On the Key Ratios page for Nuveen AMT-Free Quality Municipal Income Fund (NEA), the latest P/E of 14.3 frames valuation, while ROE 6.62% and ROIC 2.14% indicates profitability and capital efficiency. Together with the current ratio of 0.00 and debt-to-equity 0.69, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

NEA Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$0.78$1.96$0.48$0.15$0.49$0.47$2.12$-0.18$0.50$0.16
Net Income per Share$0.77$1.91$0.12$-1.84$0.44$0.28$2.06$-0.23$0.45$0.14
Operating Cash Flow per Share$0.41$0.54$0.84$0.56$0.39$0.32$0.66$-0.07$1.02$-0.58
Free Cash Flow per Share$0.41$0.54$0.84$0.56$0.39$0.32$0.66$-0.07$1.02$-0.58
Cash per Share$0.11$0.00$0.20$0.00$0.04$0.01$0.11$0.01$0.36$0.00
Book Value per Share$11.53$12.39$11.59$5.95$8.13$7.48$15.58$14.16$15.15$15.36
Tangible Book Value per Share$11.53$12.39$11.59$5.95$8.13$7.48$15.58$14.16$15.15$15.36
Interest Debt per Share$8.19$8.61$8.80$4.73$4.68$4.36$0.19$0.55$0.44$0.06
CAPEX per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

NEA Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)14.296.0778.92-5.5934.5950.716.88-52.0330.16101.1
Price to Book (P/B)0.950.940.821.731.881.920.910.860.90.89
Price to Sales (P/S)13.985.9119.8470.5731.2130.576.71-67.8926.8885.66
Enterprise Value to EBITDA18.58.78-53.58-8.4841.0452.810-371.82-37.7-79.02
EV to Sales24.0610.1437.62102.4940.6839.766.72-70.0727.5585.82
EV to Operating Cash Flow45.7337.1921.4126.9650.4758.121.5-182.0213.6-23.92
EV to Free Cash Flow45.7337.1921.4126.9650.4758.121.5-182.0213.6-23.92
Enterprise Value$5.66B$5.95B$5.17B$8.66B$11.48B$10.77B$3.73B$3.29B$3.64B$3.62B

NEA Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)6.62%15.41%1.04%-31.01%5.42%3.78%13.25%-1.65%2.97%0.89%
Return on Invested Capital (ROIC)2.14%10.96%2.35%-14.29%3.27%2.99%8.44%-0.15%-0.85%-0.99%
Return on Tangible Assets3.93%9.10%0.59%-17.27%3.42%2.39%8.32%-1.00%1.92%0.56%
Earnings Yield7.01%16.46%1.27%-17.88%2.89%1.97%14.54%-1.92%3.32%0.99%
Free Cash Flow Yield3.76%4.61%8.86%5.39%2.58%2.24%4.66%-0.57%7.53%-4.19%
Dividend Yield7.42%5.60%4.91%3.34%2.32%2.19%4.52%5.62%5.59%1.88%

NEA Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio01.52.84.72.826.851.561.993.041.38
Interest Coverage1.77.211.54-32.723.327.0611.69-0.225.746.07
Income Quality0.530.286.99-0.30.891.140.320.32.27-4.24
Debt to Equity0.690.670.730.790.570.5800.030.020
Debt to Assets40.52%39.54%41.91%43.74%36.08%36.46%0.06%1.71%1.45%0.11%
Net Debt to EBITDA7.753.66-25.33-2.649.5612.210-11.56-0.92-0.15

NEA Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover1.963.971.060.641.752.524.01-0.481.40.26
Payables Turnover00.581.912.120.192.410.450.781.410
Inventory Turnover000000000.190
Days Sales Outstanding185.9691.99343.51566.67208.88144.7290.93-760.71261.361386.95
Days Payables Outstanding0627.04190.67172.461910.99151.44810.99469.62259.010
Days of Inventory on Hand000000001939.20

NEA Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA18.58.78-53.58-8.4841.0452.810-371.82-37.7-79.02
Market Cap$3.29B$3.47B$2.73B$5.96B$8.81B$8.28B$3.73B$3.19B$3.55B$3.61B
Enterprise Value$5.66B$5.95B$5.17B$8.66B$11.48B$10.77B$3.73B$3.29B$3.64B$3.62B
Dividend Yield7.42%5.60%4.91%3.34%2.32%2.19%4.52%5.62%5.59%1.88%
Payout Ratio108.10%34.03%387.43%-18.68%80.29%111.24%31.10%-292.64%168.64%189.63%

Frequently Asked Questions

How does Nuveen AMT-Free Quality Municipal Income Fund’s P/E ratio compare with its history?

On this page, NEA's current P/E is 14.3, compared with a multi-year average around 40.3. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Nuveen AMT-Free Quality Municipal Income Fund market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $3.29B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Nuveen AMT-Free Quality Municipal Income Fund’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Nuveen AMT-Free Quality Municipal Income Fund's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Nuveen AMT-Free Quality Municipal Income Fund compare to its competitors in key financial ratios?

The fastest way to compare Nuveen AMT-Free Quality Municipal Income Fund with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Nuveen AMT-Free Quality Municipal Income Fund outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Nuveen AMT-Free Quality Municipal Income Fund's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Nuveen AMT-Free Quality Municipal Income Fund is financially strong. Current ratio is about 0.00, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 1.70, implying less buffer for servicing interest costs. Debt-to-equity is about 0.69, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Nuveen AMT-Free Quality Municipal Income Fund's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Nuveen AMT-Free Quality Municipal Income Fund is sustaining strong returns (for example ROE at 6.62% and ROIC at 2.14%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.