Is Nuveen Municipal High Income Opportunity Fund overvalued?

Nuveen Municipal High Income Opportunity Fund (NMZ) looks overvalued — trading about 85% above its fair value.

Overvalued

Price

$10.53

Fair value

$1.60

Current P/E

47.8

Normal P/E

7.3

Market cap

$1.24B

Dividend yield

7.0%

Return on equity

2.1%

Sector

Financial Services

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

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