Latest Ratios: P/E Ratio 30.4x · EV/EBITDA N/A · ROE 3.2%. (2012–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $48M | $47M | $48M | $51M | $57M | $50M | $53M | $50M | $54M | $55M | $55M |
| Enterprise Value | $47M | $46M | $48M | $49M | $55M | $50M | $53M | $51M | $54M | $55M | $57M |
| P/E Ratio → | 30.35 | 29.62 | — | — | 17.47 | 33.29 | 20.80 | 30.19 | 222.24 | 25.11 | 12.39 |
| P/S Ratio | 21.51 | 20.99 | — | 27.52 | 17.09 | 31.65 | 20.18 | 28.74 | 22.25 | 22.28 | 22.68 |
| P/B Ratio | 0.96 | 0.94 | 0.97 | 0.93 | 1.01 | 0.90 | 0.96 | 0.92 | 0.97 | 0.97 | 0.97 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 20.69 | — | 26.47 | 16.60 | 31.60 | 20.00 | 28.97 | 22.21 | 22.19 | 23.26 |
| EV / EBITDA | — | — | — | — | 17.01 | — | 86.21 | — | — | — | — |
| EV / EBIT | 23.58 | 23.01 | — | 30.19 | 17.01 | 33.23 | 20.61 | 24.89 | 24.63 | 24.49 | 25.75 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 132.7% | 100.0% | 94.7% | 88.7% | 93.4% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 89.9% | 89.9% | 801.1% | 87.7% | 97.6% | 94.5% | 97.4% | 95.9% | 90.2% | 90.6% | 90.3% |
| Net Profit Margin | 71.7% | 71.7% | 801.2% | -17.1% | 97.6% | 94.5% | 97.0% | 95.2% | 10.0% | 89.2% | 183.6% |
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 3.2% | -7.5% | -0.6% | 5.8% | 2.7% | 4.7% | 3.0% | 0.4% | 3.9% | 8.0% |
| ROA | 3.2% | 3.2% | -7.4% | -0.6% | 5.8% | 2.6% | 4.6% | 3.0% | 0.4% | 3.8% | 7.8% |
| ROIC | 3.0% | 3.0% | -5.6% | 2.2% | 4.4% | 2.0% | 3.5% | 2.3% | 2.9% | 2.9% | 2.9% |
| ROCE | 4.0% | 4.0% | -7.5% | 2.9% | 5.8% | 2.7% | 4.6% | 3.0% | 3.9% | 3.9% | 4.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.01 | — | — | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | — | — | — | — | — | — | 0.69 | — | — | — | — |
| Net Debt / Equity | — | -0.01 | 0.01 | -0.04 | -0.03 | -0.00 | -0.01 | 0.01 | -0.00 | -0.00 | 0.02 |
| Net Debt / EBITDA | — | — | — | — | -0.50 | — | -0.79 | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 584.57 | 584.57 | -8237.10 | 22758.83 | 34944.65 | 173.73 | 296.97 | 161.94 | — | — | — |
Net cash position: cash ($685136) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 14.78 | 14.78 | 4.41 | 10.81 | 23.10 | 2.22 | 10.92 | 4.82 | 0.78 | 1.51 | 0.43 |
| Quick Ratio | 14.78 | 14.78 | 4.41 | 10.81 | 23.10 | 2.22 | 10.92 | 4.82 | 0.78 | 1.51 | 0.43 |
| Cash Ratio | 4.37 | 4.37 | — | 8.26 | 11.42 | 0.59 | 6.09 | 0.04 | 0.46 | 0.94 | — |
| Asset Turnover | — | 0.04 | -0.01 | 0.03 | 0.06 | 0.03 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 3.4% | — | — | 5.7% | 3.0% | 4.8% | 3.3% | 0.4% | 4.0% | 8.1% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
NAV erosion and leverage
As reported in financial statements, NXN trades at a price-to-book ratio of 0.96, suggesting that the market currently values the fund at a discount to its net asset value, which warrants further investigation into investor sentiment regarding the underlying New York municipal bond portfolio's credit quality.
The P/B ratio below parity indicates that investors are pricing in potential future NAV erosion or are demanding a liquidity premium for the closed-end structure. This valuation level suggests that the market may be skeptical of the fund's ability to maintain its distribution yield without further eroding the capital base.
Based on the fund's reported figures, the return on invested capital has fluctuated significantly, reaching a low of -9.9% in 2023Q2 before recovering to 0.9% in 2024Q4, which highlights the inherent difficulty in compounding capital within a tax-exempt municipal bond vehicle during periods of interest rate volatility.
The inconsistent ROIC trends suggest that the fund's ability to generate meaningful returns on its asset base is highly sensitive to the interest rate environment and the specific pricing of New York municipal debt. Investors should monitor whether the current low-single-digit returns are sufficient to justify the fund's management fee structure over the long term.
According to historical data, the asset turnover ratio has remained stagnant at 0.02 for the past ten quarters, reflecting the passive nature of the fund's investment strategy which does not rely on high-velocity asset rotation to generate its recurring interest income from New York municipal securities.
The extremely low asset turnover is characteristic of a buy-and-hold municipal bond fund, where the primary objective is income generation rather than capital appreciation through trading. Consequently, traditional efficiency metrics like the cash conversion cycle are not applicable and should not be used to gauge the fund's operational performance.
As indicated by the data, the current ratio has experienced extreme swings, ranging from 2.22 in 2019Q4 to 14.78 in 2024Q4, which suggests that the fund's short-term liquidity buffer is highly susceptible to shifts in the valuation of its underlying municipal bond holdings and cash management decisions.
While the high current ratio might appear to signal a strong liquidity position, it is largely a function of the fund's asset composition rather than operational cash management. The volatility in this ratio warrants caution, as it may reflect the fund's periodic need to adjust its cash position to meet distribution requirements or manage portfolio rebalancing.
Based on the provided financial statements, the most commonly misapplied metric for NXN is net income, which frequently obscures the fund's true economic performance due to the inclusion of unrealized gains and losses that do not represent cash available for distribution to the fund's shareholders.
Investors should prioritize the distribution coverage ratio and net investment income over headline net income, as the latter is heavily distorted by market-to-market accounting of the bond portfolio. Relying on net income as a proxy for dividend sustainability is misleading and fails to account for the potential for return of capital to be used to maintain distributions.
Includes 30+ ratios · 12 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NXN stock.
Nuveen New York Select Tax-Free Income Portfolio's current P/E ratio is 30.4x. The historical average is 23.4x. This places it at the 88th percentile of its historical range.
Nuveen New York Select Tax-Free Income Portfolio's return on equity (ROE) is 3.2%. The historical average is 2.4%.
Based on historical data, Nuveen New York Select Tax-Free Income Portfolio is trading at a P/E of 30.4x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nuveen New York Select Tax-Free Income Portfolio has 100.0% gross margin and 89.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.