NPFD (Nuveen Variable Rate Preferred&Income) EV-to-OCF: 10.38 (As of Aug. 09, 2026) — Near Median

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NPFD Nuveen Variable Rate Preferred&Income NPFD
30 GF Score
Price $18.47
! 6 Warning Signs
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What is Nuveen Variable Rate Preferred&Income EV-to-OCF?

Nuveen Variable Rate Preferred&Income NPFD +0.22% 30 EV-to-OCF is 10.38 as of Aug. 09, 2026, which is 9% below its 10-year median of 11.42. GuruFocus rates NPFD with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,501 Asset Management companies, Nuveen Variable Rate Preferred&Income ranks worse than 59.83% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Nuveen Variable Rate Preferred&Income's Enterprise Value is $635.41 Mil. Nuveen Variable Rate Preferred&Income's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was $61.20 Mil. Therefore, Nuveen Variable Rate Preferred&Income's EV-to-OCF for today is 10.38.

The historical rank and industry rank for Nuveen Variable Rate Preferred&Income's EV-to-OCF or its related term are showing as below:

NPFD' s EV-to-OCF Range Over the Past 10 Years
Min: -0.9   Med: 11.42   Max: 45.21
Current: 10.38

During the past 4 years, the highest EV-to-OCF of Nuveen Variable Rate Preferred&Income was 45.21. The lowest was -0.90. And the median was 11.42.

NPFD's EV-to-OCF is ranked worse than
59.83% of 1501 companies
in the Asset Management industry
Industry Median: 5.95 vs NPFD: 10.38

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-09), Nuveen Variable Rate Preferred&Income's stock price is $18.47. Nuveen Variable Rate Preferred&Income's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $2.150. Therefore, Nuveen Variable Rate Preferred&Income's PE Ratio (TTM) for today is 8.59.


Nuveen Variable Rate Preferred&Income  (NYSE:NPFD) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Nuveen Variable Rate Preferred&Income's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=18.47/2.150
=8.59

Nuveen Variable Rate Preferred&Income's share price for today is $18.47.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen Variable Rate Preferred&Income's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $2.150.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Nuveen Variable Rate Preferred&Income EV-to-OCF Related Terms


Nuveen Variable Rate Preferred&Income EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Nuveen Variable Rate Preferred&Income's EV-to-OCF can be seen below:

* 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 Variable Rate Preferred&Income EV-to-OCF Chart

Nuveen Variable Rate Preferred&Income Annual Data
Trend Jul22 Jul23 Jul24 Jul25
EV-to-OCF
-0.88 9.60 44.28 12.07

Nuveen Variable Rate Preferred&Income Semi-Annual Data
Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only 0.00 44.28 0.00 12.07 0.00

NPFD vs NBB, FFA, ETB: EV-to-OCF Comparison

For the Asset Management subindustry, Nuveen Variable Rate Preferred&Income's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 Variable Rate Preferred&Income EV-to-OCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Variable Rate Preferred&Income's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Nuveen Variable Rate Preferred&Income's EV-to-OCF falls into.


NPFD
30GF Score
Nuveen Variable Rate Preferred&Income NPFD
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Variable Rate Preferred&Income EV-to-OCF Calculation

Nuveen Variable Rate Preferred&Income's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=635.414/61.198
=10.38

Nuveen Variable Rate Preferred&Income's current Enterprise Value is $635.41 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen Variable Rate Preferred&Income's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2026 was $61.20 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 10.38 mean?
Nuveen Variable Rate Preferred&Income (NPFD) has a EV-to-OCF of 10.38 as of Aug. 09, 2026. This is near median its historical median of 11.42. According to the industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #898 out of 1501 companies in the Asset Management industry, placing it in the top 59.8%.
Is Nuveen Variable Rate Preferred&Income's EV-to-OCF too high?
Nuveen Variable Rate Preferred&Income's current EV-to-OCF of 10.38 is near median its 10-year median of 11.42. The Asset Management industry median EV-to-OCF is 5.95. Nuveen Variable Rate Preferred&Income's value of 10.38 is 74.5% above this industry median. Based on the distribution chart, Nuveen Variable Rate Preferred&Income ranks #898 out of 1501 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen Variable Rate Preferred&Income has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Variable Rate Preferred&Income's EV-to-OCF compare to NBB and FFA?
According to the Asset Management industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #898 out of 1501 companies for EV-to-OCF. This places Nuveen Variable Rate Preferred&Income in the lower half of its industry. The industry median EV-to-OCF is 5.95. Nuveen Variable Rate Preferred&Income's value of 10.38 is 74.5% above this benchmark. While the company's 10-year median is 11.42 vs. the industry median of 5.95, Nuveen Variable Rate Preferred&Income 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 EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.95, based on 1,501 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Variable Rate Preferred&Income's current EV-to-OCF of 10.38 is 74.5% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Variable Rate Preferred&Income's current EV-to-OCF is 10.38, which is near median its own 10-year median of 11.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Variable Rate Preferred&Income stock overvalued right now?
Nuveen Variable Rate Preferred&Income (NPFD) has a current EV-to-OCF of 10.38. The current EV-to-OCF is 10.38, which is near median its 10-year median of 11.42 and 74.5% above the Asset Management industry median of 5.95. Nuveen Variable Rate Preferred&Income's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Nuveen Variable Rate Preferred&Income (NPFD), the current EV-to-OCF is 10.38 as of Aug. 09, 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 Variable Rate Preferred&Income Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.
30GF Score

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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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