Is Nuveen AMT-Free Quality Municipal Income Fund overvalued?

Nuveen AMT-Free Quality Municipal Income Fund (NEA) looks overvalued — trading about 40% above its fair value.

Overvalued

Price

$11.72

Fair value

$7.02

Current P/E

42.9

Normal P/E

25.6

Market cap

$3.51B

Dividend yield

7.5%

Return on equity

2.3%

Sector

Financial Services

Fair value compares NEA's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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