Is Nuveen New York AMT-Free Quality Municipal Income Fund overvalued?

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) looks overvalued — trading about 48% above its fair value.

Overvalued

Price

$10.76

Fair value

$5.61

Current P/E

28.9

Normal P/E

15.1

Market cap

$938.2M

Dividend yield

8.7%

Return on equity

-8.6%

Sector

Financial Services

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

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