Nuveen California AMT-Free Quality Municipalome Fund (NYSE:NKX) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Nuveen California AMT-Free Quality Municipalome Fund PS Ratio Related Terms
Nuveen California AMT-Free Quality Municipalome Fund 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 PS Ratio Chart
Nuveen California AMT-Free Quality Municipalome Fund Annual Data
* 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 PS Ratio vs Asset Management Industry
Nuveen California AMT-Free Quality Municipalome Fund PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Nuveen California AMT-Free Quality Municipalome Fund's Share Price of today is $12.585.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nuveen California AMT-Free Quality Municipalome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2026 was $0.52.
* 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.
It can also be calculated from the numbers for the whole company:
Nuveen California AMT-Free Quality Municipalome Fund (NKX) has a PS Ratio of 24.30 as of Jul. 09, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Nuveen California AMT-Free Quality Municipalome Fund and its competitors. This is 64% above median its historical median of 14.78. Over the past decade, Nuveen California AMT-Free Quality Municipalome Fund's PS Ratio has ranged from 4.48 to 112.61. According to the industry distribution chart, Nuveen California AMT-Free Quality Municipalome Fund ranks #1167 out of 1409 companies in the Asset Management industry, placing it in the top 82.8%.
Is Nuveen California AMT-Free Quality Municipalome Fund's PS Ratio too high?
Nuveen California AMT-Free Quality Municipalome Fund's current PS Ratio of 24.30 is 64% above median its 10-year median of 14.78. Over the past 10 years, this metric has ranged from a low of 4.48 to a high of 112.61. The Asset Management industry median PS Ratio is 7.22. Nuveen California AMT-Free Quality Municipalome Fund's value of 24.30 is 236.6% above this industry median. Based on the distribution chart, Nuveen California AMT-Free Quality Municipalome Fund ranks #1167 out of 1409 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 33/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen California AMT-Free Quality Municipalome Fund's PS Ratio compare to BOT and NMFC?
According to the Asset Management industry distribution chart, Nuveen California AMT-Free Quality Municipalome Fund ranks #1167 out of 1409 companies for PS Ratio. This places Nuveen California AMT-Free Quality Municipalome Fund in the lower half of its industry. The industry median PS Ratio is 7.22. Nuveen California AMT-Free Quality Municipalome Fund's value of 24.30 is 236.6% above this benchmark. Historically, Nuveen California AMT-Free Quality Municipalome Fund's own PS Ratio has ranged from 4.48 to 112.61 over the past decade. While the company's 10-year median is 14.78 vs. the industry median of 7.22, 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.22, based on 1,409 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, 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 PS Ratio of 24.30 is 236.6% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Nuveen California AMT-Free Quality Municipalome Fund and its competitors. For the Asset Management industry, the median PS Ratio is 7.22 — 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 PS Ratio is 24.30, which is 64% above median its own 10-year median of 14.78. 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 PS Ratio of 24.30. The current PS Ratio is 24.30, which is 64% above median its 10-year median of 14.78 and 236.6% above the Asset Management industry median of 7.22. Nuveen California AMT-Free Quality Municipalome Fund's overall GF Score™ is 33/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Nuveen California AMT-Free Quality Municipalome Fund (NKX), the current PS Ratio is 24.30 as of Jul. 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 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.
33GF Score
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