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Nuveen NASDAQ 100 Dynamic Overwrite FundQQQX -1.99%59 Cyclically Adjusted PS Ratio is 9.11 as of Sep. 15, 2026, which is 1% above its 10-year median of 9.04. GuruFocus rates QQQX with a GF Score™ of 59/100 and a GF Value™ of $34.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 919 Asset Management companies, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks worse than 57.24% on this metric.
QQQX'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.8 Med: 9.04 Max: 9.69
Current: 9.28
During the past 10 years, Nuveen NASDAQ 100 Dynamic Overwrite Fund's highest Cyclically Adjusted PS Ratio was 9.69. The lowest was 7.80. And the median was 9.04.
QQQX's Cyclically Adjusted PS Ratio is ranked worse than 57.24% of 919
companies
in the Asset Management industry
Industry Median: 7.74
vs QQQX: 9.28
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.
Nuveen NASDAQ 100 Dynamic Overwrite Fund's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $3.769. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $3.27 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nuveen NASDAQ 100 Dynamic Overwrite Fund (NAS:QQQX) 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 NASDAQ 100 Dynamic Overwrite Fund Cyclically Adjusted PS Ratio Related Terms
Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund Cyclically Adjusted PS Ratio Chart
Nuveen NASDAQ 100 Dynamic Overwrite Fund Annual Data
QQQX vs ECAT, NFJ, BTT: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Nuveen NASDAQ 100 Dynamic Overwrite 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 NASDAQ 100 Dynamic Overwrite Fund Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen NASDAQ 100 Dynamic Overwrite Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen NASDAQ 100 Dynamic Overwrite Fund's Cyclically Adjusted PS Ratio falls into.
Nuveen NASDAQ 100 Dynamic Overwrite 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 9.11 mean?
Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a Cyclically Adjusted PS Ratio of 9.11 as of Sep. 15, 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 NASDAQ 100 Dynamic Overwrite Fund and its competitors. This is near median its historical median of 9.04. Over the past decade, Nuveen NASDAQ 100 Dynamic Overwrite Fund's Cyclically Adjusted PS Ratio has ranged from 7.80 to 9.69. According to the industry distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #526 out of 919 companies in the Asset Management industry, placing it in the top 57.2%.
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund's Cyclically Adjusted PS Ratio too high?
Nuveen NASDAQ 100 Dynamic Overwrite Fund's current Cyclically Adjusted PS Ratio of 9.11 is near median its 10-year median of 9.04. Over the past 10 years, this metric has ranged from a low of 7.80 to a high of 9.69. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.74. Nuveen NASDAQ 100 Dynamic Overwrite Fund's value of 9.11 is 17.7% above this industry median. Based on the distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #526 out of 919 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen NASDAQ 100 Dynamic Overwrite Fund has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen NASDAQ 100 Dynamic Overwrite Fund's Cyclically Adjusted PS Ratio compare to ECAT and NFJ?
According to the Asset Management industry distribution chart, Nuveen NASDAQ 100 Dynamic Overwrite Fund ranks #526 out of 919 companies for Cyclically Adjusted PS Ratio. This places Nuveen NASDAQ 100 Dynamic Overwrite Fund in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.74. Nuveen NASDAQ 100 Dynamic Overwrite Fund's value of 9.11 is 17.7% above this benchmark. Historically, Nuveen NASDAQ 100 Dynamic Overwrite Fund's own Cyclically Adjusted PS Ratio has ranged from 7.80 to 9.69 over the past decade. While the company's 10-year median is 9.04 vs. the industry median of 7.74, Nuveen NASDAQ 100 Dynamic Overwrite 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 7.74, based on 919 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 NASDAQ 100 Dynamic Overwrite Fund's current Cyclically Adjusted PS Ratio of 9.11 is 17.7% 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 NASDAQ 100 Dynamic Overwrite Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen NASDAQ 100 Dynamic Overwrite Fund's current Cyclically Adjusted PS Ratio is 9.11, which is near median its own 10-year median of 9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is currently considered Modestly Undervalued. The stock's GF Value™ is $34.14, compared to a current price of $29.80 — trading 12.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.11, which is near median its 10-year median of 9.04 and 17.7% above the Asset Management industry median of 7.74. Nuveen NASDAQ 100 Dynamic Overwrite Fund's overall GF Score™ is 59/100 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 NASDAQ 100 Dynamic Overwrite Fund (QQQX), the current Cyclically Adjusted PS Ratio is 9.11 as of Sep. 15, 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.
Is Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) Overvalued in 2026?
Based on GuruFocus' analysis, Nuveen NASDAQ 100 Dynamic Overwrite Fund stock appears to be undervalued.
The current stock price of $29.80 is trading 12.7% below its estimated GF Value™ of $34.14.
GuruFocus considers Nuveen NASDAQ 100 Dynamic Overwrite Fund to be Modestly Undervalued.
Key valuation signals for QQQX:
Cyclically Adjusted PS Ratio: 9.11 (near median its 10-year median of 9.04)
GF Value™: $34.14 vs. price of $29.80 (12.7% below fair value)
Industry Position: 17.7% above the Asset Management median (#526 of 919)
No single metric tells the full story. See the QQQX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end management investment company. Its investment objective is to seek attractive total return with less volatility than the S&P 500 Index. Under normal circumstances, the Fund will invest at least 80% of its Assets (as defined below) in a diversified equity portfolio made up of securities comprising the S&P 500 Index (or securities that have economic characteristics that are similar to those securities comprising the S&P 500 Index) that seeks to substantially replicate price movements of the S&P 500 Index and is designed to support the Fund's option strategy.
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