NEA (Nuveen AMT-Free Municipalome Fund) EV-to-FCF: 10.82 (As of Jul. 02, 2026) — 18% Below Median


NEA Nuveen AMT-Free Municipal Income Fund NEA
53 GF Score
Price $11.70
GF Value $21.56
Valuation Possible Value Trap
! 7 Warning Signs
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What is Nuveen AMT-Free Municipalome Fund EV-to-FCF?

Nuveen AMT-Free Municipalome Fund NEA -0.34% 53 EV-to-FCF is 10.82 as of Jul. 02, 2026, which is 18% below its 10-year median of 13.15. GuruFocus rates NEA with a GF Score™ of 53/100 and a GF Value™ of $21.56 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 935 Asset Management companies, Nuveen AMT-Free Municipalome Fund ranks better than 62.14% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nuveen AMT-Free Municipalome Fund's Enterprise Value is $3,505.44 Mil. Nuveen AMT-Free Municipalome Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was $323.93 Mil. Therefore, Nuveen AMT-Free Municipalome Fund's EV-to-FCF for today is 10.82.

The historical rank and industry rank for Nuveen AMT-Free Municipalome Fund's EV-to-FCF or its related term are showing as below:

NEA' s EV-to-FCF Range Over the Past 10 Years
Min: -212.39   Med: 13.15   Max: 24.23
Current: 10.82

During the past 13 years, the highest EV-to-FCF of Nuveen AMT-Free Municipalome Fund was 24.23. The lowest was -212.39. And the median was 13.15.

NEA's EV-to-FCF is ranked better than
62.14% of 935 companies
in the Asset Management industry
Industry Median: 14.54 vs NEA: 10.82

EV-to-FCF 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 (2026-07-02), Nuveen AMT-Free Municipalome Fund's stock price is $11.70. Nuveen AMT-Free Municipalome Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 was $0.280. Therefore, Nuveen AMT-Free Municipalome Fund's PE Ratio (TTM) for today is 41.79.


Nuveen AMT-Free Municipalome Fund  (NYSE:NEA) EV-to-FCF Explanation

EV-to-FCF 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 AMT-Free Municipalome Fund's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=11.70/0.280
=41.79

Nuveen AMT-Free Municipalome Fund's share price for today is $11.70.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen AMT-Free Municipalome Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2025 was $0.280.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Nuveen AMT-Free Municipalome Fund EV-to-FCF Related Terms


Nuveen AMT-Free Municipalome Fund EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Nuveen AMT-Free Municipalome Fund's EV-to-FCF 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 AMT-Free Municipalome Fund EV-to-FCF Chart

Nuveen AMT-Free Municipalome Fund Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.88 9.69 11.73 21.73 10.77

Nuveen AMT-Free Municipalome Fund Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.73 0.00 21.73 0.00 10.77

NEA vs HLNE, AB, GBDC: EV-to-FCF Comparison

For the Asset Management subindustry, Nuveen AMT-Free Municipalome Fund's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 AMT-Free Municipalome Fund EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen AMT-Free Municipalome Fund's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Nuveen AMT-Free Municipalome Fund's EV-to-FCF falls into.


NEA
53GF Score
Nuveen AMT-Free Municipal Income Fund NEA
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuveen AMT-Free Municipalome Fund EV-to-FCF Calculation

Nuveen AMT-Free Municipalome Fund's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3505.444/323.931
=10.82

Nuveen AMT-Free Municipalome Fund's current Enterprise Value is $3,505.44 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen AMT-Free Municipalome Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Oct. 2025 was $323.93 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-FCF →
What does a EV-to-FCF of 10.82 mean?
Nuveen AMT-Free Municipalome Fund (NEA) has a EV-to-FCF of 10.82 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nuveen AMT-Free Municipalome Fund and its competitors. This is 18% below median its historical median of 13.15. According to the industry distribution chart, Nuveen AMT-Free Municipalome Fund ranks #354 out of 935 companies in the Asset Management industry, placing it in the top 37.9%.
Is Nuveen AMT-Free Municipalome Fund's EV-to-FCF too high?
Nuveen AMT-Free Municipalome Fund's current EV-to-FCF of 10.82 is 18% below median its 10-year median of 13.15. The Asset Management industry median EV-to-FCF is 14.54. Nuveen AMT-Free Municipalome Fund's value of 10.82 is 25.6% below this industry median. Based on the distribution chart, Nuveen AMT-Free Municipalome Fund ranks #354 out of 935 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen AMT-Free Municipalome Fund has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nuveen AMT-Free Municipalome Fund's EV-to-FCF compare to HLNE and AB?
According to the Asset Management industry distribution chart, Nuveen AMT-Free Municipalome Fund ranks #354 out of 935 companies for EV-to-FCF. This puts Nuveen AMT-Free Municipalome Fund in the upper half of its industry. The industry median EV-to-FCF is 14.54. Nuveen AMT-Free Municipalome Fund's value of 10.82 is 25.6% below this benchmark. While the company's 10-year median is 13.15 vs. the industry median of 14.54, Nuveen AMT-Free Municipalome Fund has consistently been below 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-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.54, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen AMT-Free Municipalome Fund's current EV-to-FCF of 10.82 is 25.6% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nuveen AMT-Free Municipalome Fund and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen AMT-Free Municipalome Fund's current EV-to-FCF is 10.82, which is 18% below median its own 10-year median of 13.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen AMT-Free Municipalome Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen AMT-Free Municipalome Fund (NEA) is currently considered Possible Value Trap. The stock's GF Value™ is $21.56, compared to a current price of $11.70 — trading 45.7% below its estimated fair value. The current EV-to-FCF is 10.82, which is 18% below median its 10-year median of 13.15 and 25.6% below the Asset Management industry median of 14.54. Nuveen AMT-Free Municipalome Fund's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nuveen AMT-Free Municipalome Fund (NEA), the current EV-to-FCF is 10.82 as of Jul. 02, 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 AMT-Free Municipalome Fund (NEA) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen AMT-Free Municipalome Fund stock appears to be undervalued. The current stock price of $11.70 is trading 45.7% below its estimated GF Value™ of $21.56. GuruFocus considers Nuveen AMT-Free Municipalome Fund to be Possible Value Trap.

Key valuation signals for NEA:

  • EV-to-FCF: 10.82 (18% below median its 10-year median of 13.15)
  • GF Value™: $21.56 vs. price of $11.70 (45.7% below fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 25.6% below the Asset Management median (#354 of 935)

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


Nuveen AMT-Free Municipalome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen AMT-Free Municipal Income Fund is a diversified closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals, by investing in an actively managed portfolio of tax-exempt municipal securities. The company invest in Transportation, Utilities, Healthcare, Education and Civics, and other sectors, with maximum investment in Transportation.
53GF Score

Get the complete analysis for NEA

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

$11.70
Price
$21.56
GF Value