SPXX (Nuveen S&P 500 Dynamic Overwrite Fund) EV-to-OCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SPXX Nuveen S&P 500 Dynamic Overwrite Fund SPXX
50 GF Score
Price $18.51
GF Value $113.05
Valuation Possible Value Trap
! 5 Warning Signs
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What is Nuveen S&P 500 Dynamic Overwrite Fund EV-to-OCF?

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Nuveen S&P 500 Dynamic Overwrite Fund's Enterprise Value is $332.7 Mil. Nuveen S&P 500 Dynamic Overwrite Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $ Mil. Therefore, Nuveen S&P 500 Dynamic Overwrite Fund's EV-to-OCF for today is .

The historical rank and industry rank for Nuveen S&P 500 Dynamic Overwrite Fund's EV-to-OCF or its related term are showing as below:

SPXX's EV-to-OCF is not ranked *
in the Asset Management industry.
Industry Median: 6.85
* Ranked among companies with meaningful EV-to-OCF only.

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 (2026-09-21), Nuveen S&P 500 Dynamic Overwrite Fund's stock price is $18.51. Nuveen S&P 500 Dynamic Overwrite Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $4.867. Therefore, Nuveen S&P 500 Dynamic Overwrite Fund's PE Ratio (TTM) for today is 3.80.

Nuveen S&P 500 Dynamic Overwrite Fund  (NYSE:SPXX) 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 S&P 500 Dynamic Overwrite Fund's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=18.51/4.867
=3.80

Nuveen S&P 500 Dynamic Overwrite Fund's share price for today is $18.51.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen S&P 500 Dynamic Overwrite Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $4.867.

* 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 S&P 500 Dynamic Overwrite Fund EV-to-OCF Related Terms

Nuveen S&P 500 Dynamic Overwrite Fund EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Nuveen S&P 500 Dynamic Overwrite Fund'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 S&P 500 Dynamic Overwrite Fund EV-to-OCF Chart

Nuveen S&P 500 Dynamic Overwrite Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
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Nuveen S&P 500 Dynamic Overwrite Fund Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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SPXX vs TCPC, KTF, JGH: EV-to-OCF Comparison

For the Asset Management subindustry, Nuveen S&P 500 Dynamic Overwrite Fund'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 S&P 500 Dynamic Overwrite Fund EV-to-OCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen S&P 500 Dynamic Overwrite Fund's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Nuveen S&P 500 Dynamic Overwrite Fund's EV-to-OCF falls into.


SPXX
50GF Score
Nuveen S&P 500 Dynamic Overwrite Fund SPXX
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuveen S&P 500 Dynamic Overwrite Fund EV-to-OCF Calculation

Nuveen S&P 500 Dynamic Overwrite Fund's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=332.723/
=

Nuveen S&P 500 Dynamic Overwrite Fund's current Enterprise Value is $332.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen S&P 500 Dynamic Overwrite Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $ 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.

Is Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen S&P 500 Dynamic Overwrite Fund stock appears to be undervalued. The current stock price of $18.51 is trading 83.6% below its estimated GF Value™ of $113.05. GuruFocus considers Nuveen S&P 500 Dynamic Overwrite Fund to be Possible Value Trap.

Key valuation signals for SPXX:

  • EV-to-OCF:
  • GF Value™: $113.05 vs. price of $18.51 (83.6% below fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the SPXX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nuveen S&P 500 Dynamic Overwrite Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen S&P 500 Dynamic Overwrite Fund is a diversified closed-end management investment company. Its investment objective is to seek attractive total returns with less volatility than the S&P 500 Index by investing in a U.S. equity portfolio that seeks to substantially replicate the price movements of the S&P 500 Index, as well as selling call options on approximately 35% to 75% of the notional value of the Fund's equity portfolio in an effort to enhance the Fund's risk-adjusted returns.
50GF Score

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

$18.51
Price
$113.05
GF Value