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Nuveen California AMT-Free Quality Municipalome FundNKX -0.97%34 Cyclically Adjusted PS Ratio is 24.48 as of Jul. 23, 2026, which is 80% above its 10-year median of 13.59. GuruFocus rates NKX with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 905 Asset Management companies, Nuveen California AMT-Free Quality Municipalome Fund ranks worse than 91.93% on this metric.
NKX's Cyclically Adjusted PS Ratio is ranked worse than 91.93% of 905
companies
in the Asset Management industry
Industry Median: 7.63
vs NKX: 24.63
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nuveen California AMT-Free Quality Municipalome Fund (NYSE:NKX) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Nuveen California AMT-Free Quality Municipalome Fund Cyclically Adjusted PS Ratio Related Terms
Nuveen California AMT-Free Quality Municipalome Fund Cyclically Adjusted PS Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nuveen California AMT-Free Quality Municipalome Fund Cyclically Adjusted PS Ratio Chart
Nuveen California AMT-Free Quality Municipalome Fund Annual Data
NKX vs BOT, NMFC, BOE: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Nuveen California AMT-Free Quality Municipalome Fund's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nuveen California AMT-Free Quality Municipalome Fund Cyclically Adjusted PS Ratio vs Asset Management Industry
Nuveen California AMT-Free Quality Municipalome Fund Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 24.48 mean?
Nuveen California AMT-Free Quality Municipalome Fund (NKX) has a Cyclically Adjusted PS Ratio of 24.48 as of Jul. 23, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nuveen California AMT-Free Quality Municipalome Fund and its competitors. This is 80% above median its historical median of 13.59. Over the past decade, Nuveen California AMT-Free Quality Municipalome Fund's Cyclically Adjusted PS Ratio has ranged from 8.13 to 25.92. According to the industry distribution chart, Nuveen California AMT-Free Quality Municipalome Fund ranks #832 out of 905 companies in the Asset Management industry, placing it in the top 91.9%.
Is Nuveen California AMT-Free Quality Municipalome Fund's Cyclically Adjusted PS Ratio too high?
Nuveen California AMT-Free Quality Municipalome Fund's current Cyclically Adjusted PS Ratio of 24.48 is 80% above median its 10-year median of 13.59. Over the past 10 years, this metric has ranged from a low of 8.13 to a high of 25.92. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. Nuveen California AMT-Free Quality Municipalome Fund's value of 24.48 is 220.8% above this industry median. Based on the distribution chart, Nuveen California AMT-Free Quality Municipalome Fund ranks #832 out of 905 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Nuveen California AMT-Free Quality Municipalome Fund has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen California AMT-Free Quality Municipalome Fund's Cyclically Adjusted PS Ratio compare to BOT and NMFC?
According to the Asset Management industry distribution chart, Nuveen California AMT-Free Quality Municipalome Fund ranks #832 out of 905 companies for Cyclically Adjusted PS Ratio. This places Nuveen California AMT-Free Quality Municipalome Fund in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.63. Nuveen California AMT-Free Quality Municipalome Fund's value of 24.48 is 220.8% above this benchmark. Historically, Nuveen California AMT-Free Quality Municipalome Fund's own Cyclically Adjusted PS Ratio has ranged from 8.13 to 25.92 over the past decade. While the company's 10-year median is 13.59 vs. the industry median of 7.63, Nuveen California AMT-Free Quality Municipalome Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.63, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen California AMT-Free Quality Municipalome Fund's current Cyclically Adjusted PS Ratio of 24.48 is 220.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nuveen California AMT-Free Quality Municipalome Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen California AMT-Free Quality Municipalome Fund's current Cyclically Adjusted PS Ratio is 24.48, which is 80% above median its own 10-year median of 13.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen California AMT-Free Quality Municipalome Fund stock overvalued right now?
Nuveen California AMT-Free Quality Municipalome Fund (NKX) has a current Cyclically Adjusted PS Ratio of 24.48. The current Cyclically Adjusted PS Ratio is 24.48, which is 80% above median its 10-year median of 13.59 and 220.8% above the Asset Management industry median of 7.63. Nuveen California AMT-Free Quality Municipalome Fund's overall GF Score™ is 34/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Nuveen California AMT-Free Quality Municipalome Fund (NKX), the current Cyclically Adjusted PS Ratio is 24.48 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Nuveen California AMT-Free Quality Municipalome Fund Business Description
Nuveen California AMT-Free Quality Municipal Income Fund is a closed-end fixed income mutual fund. The Fund's primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. It invests across sectors such as healthcare, utilities, transportation, and housing.
34GF Score
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