Latest Ratios: P/E Ratio 75.5x · EV/EBITDA 80.3x · ROE 1.3%. (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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $746M | $653M | $692M | $670M | $675M | $288M | $248M | $240M | $235M | $232M | $247M |
| Enterprise Value | $767M | $647M | $692M | $670M | $674M | $288M | $248M | $240M | $234M | $228M | $246M |
| P/E Ratio → | 75.53 | 75.63 | 22.22 | — | — | 15.53 | 18.48 | 15.57 | 20.93 | 165.06 | 17.31 |
| P/S Ratio | 73.44 | 64.27 | 25.14 | 8206.22 | 44.17 | 26.97 | 18.25 | 15.42 | 20.61 | 21.05 | 35.10 |
| P/B Ratio | 0.90 | 0.90 | 0.99 | 0.98 | 0.95 | 1.06 | 0.95 | 0.94 | 0.94 | 0.94 | 0.96 |
| 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 63.68 | 25.14 | 8204.52 | 44.08 | 26.88 | 18.25 | 15.39 | 20.54 | 20.66 | 34.97 |
| EV / EBITDA | 80.34 | 67.80 | 22.03 | — | — | 15.53 | 18.47 | 15.54 | 20.85 | 24.53 | 17.25 |
| EV / EBIT | 80.34 | 67.80 | 22.03 | — | — | 15.53 | 18.47 | 15.54 | 20.85 | 24.53 | 17.25 |
| 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.2% | 97.2% | 115.1% | 18190.4% | 94.1% | 174.6% | 75.4% | 64.8% | 94.6% | 94.3% | 91.1% |
| Operating Margin | 93.9% | 93.9% | 114.1% | -361.2% | -287.1% | 173.1% | 70.2% | 60.6% | 98.5% | 12.8% | 202.7% |
| Net Profit Margin | 93.9% | 93.9% | 114.1% | -366.6% | -288.6% | 173.1% | 98.8% | 99.0% | 98.5% | 12.8% | 202.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.3% | 1.3% | 4.5% | -0.0% | -9.0% | 7.0% | 5.2% | 6.1% | 4.5% | 0.6% | 5.6% |
| ROA | 1.3% | 1.3% | 4.5% | -0.0% | -9.0% | 6.9% | 5.2% | 6.1% | 4.5% | 0.6% | 5.5% |
| ROIC | 1.0% | 1.0% | 3.4% | -0.0% | -6.7% | 5.2% | 2.8% | 2.8% | 3.4% | 0.4% | 4.2% |
| ROCE | 1.3% | 1.3% | 4.5% | -0.0% | -9.0% | 6.9% | 3.7% | 3.7% | 4.5% | 0.6% | 5.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.00 | — | — | — | — | — | — | — | 0.00 |
| Debt / EBITDA | 2.77 | 2.77 | 0.00 | — | — | — | — | — | — | — | 0.03 |
| Net Debt / Equity | — | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.02 | -0.00 |
| Net Debt / EBITDA | -0.63 | -0.63 | -0.01 | — | — | -0.05 | -0.01 | -0.03 | -0.07 | -0.46 | -0.06 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 33.97 | 33.97 | 1604.21 | -66.69 | — | — | — | — | — | — | 38.89 |
Net cash position: cash ($6M) exceeds total debt ($26M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.01 | 5.01 | 1.34 | 2.57 | 3.96 | 2.72 | 3.45 | 3.38 | 2.76 | 3.40 | 4.27 |
| Quick Ratio | 5.01 | 5.01 | 1.34 | 2.57 | 3.96 | 2.72 | 3.45 | 3.38 | 2.76 | 3.40 | 4.27 |
| Cash Ratio | 1.49 | 1.49 | 0.03 | 0.05 | 0.51 | 0.80 | 0.13 | 0.54 | 0.68 | 1.66 | 1.54 |
| Asset Turnover | — | 0.01 | 0.04 | 0.00 | 0.02 | 0.04 | 0.05 | 0.06 | 0.05 | 0.04 | 0.03 |
| 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 1.3% | 4.5% | — | — | 6.4% | 5.4% | 6.4% | 4.8% | 0.6% | 5.8% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $45M | $48M | $47M | $47M | $17M | $17M | $16M | $17M | $17M | $17M |
NAV volatility and distribution sustainability
According to recent financial data, NXP trades at a P/S ratio of 73.14, a valuation level that appears disconnected from the fund's recent -63.09% revenue contraction and suggests that market participants may be mispricing the fund's long-term ability to sustain its historical distribution yield.
The elevated P/S and P/E multiples relative to the fund's historical norms indicate that investors are paying a premium for the tax-exempt income stream despite clear signs of underlying income volatility. This valuation appears to rely on the assumption of a return to historical interest accrual patterns, which may be overly optimistic given the current interest rate environment.
As reported in financial statements, NXP's operating margin plummeted to -60.3% in 2024Q4, a stark reversal from the 125.5% margin observed in 2024Q2, indicating that the fund's core earning power is currently under significant pressure from non-operating factors and portfolio rebalancing costs.
While the fund historically maintained high margins due to its lean, unleveraged structure, the recent negative profitability suggests that the cost of managing the portfolio now outweighs the interest income generated. Investors should monitor whether this margin deterioration is a temporary accounting artifact or a structural shift in the fund's ability to cover its management fees.
Based on the most recent quarterly figures, NXP's ROIC has declined to -1.0%, reflecting a significant decay in the fund's ability to generate returns on its invested capital compared to the 2.1% level achieved in 2024Q2, according to the latest available performance data.
The downward trend in ROIC suggests that the fund's capital allocation strategy is struggling to keep pace with the shifting municipal bond market. This decay in efficiency warrants further investigation into whether the current portfolio composition is adequately positioned to capture yield in the prevailing interest rate environment.
As evidenced by the current ratio of 5.01 reported in 2024Q4, NXP maintains a substantial liquidity buffer, which, according to recent SEC filings, provides the fund with sufficient cushion to meet short-term obligations despite the inherent volatility of its underlying municipal bond holdings.
The high current ratio is a direct result of the fund's unleveraged mandate, which avoids the liquidity traps often associated with debt-heavy closed-end funds. While this provides a defensive posture, it also suggests that the fund may be holding excess cash that is not being efficiently deployed to enhance shareholder returns.
Based on the fund's financial reporting, the dividend yield is the most commonly misapplied metric for NXP, as it frequently fails to account for the distinction between net investment income and return of capital, according to standard industry analysis of closed-end fund distributions.
Investors often rely on the headline yield to gauge performance, but this metric obscures the fund's actual ability to generate recurring income from its municipal bond portfolio. A more accurate assessment would require analyzing the Undistributed Net Investment Income (UNII) balance to determine if the current distribution is sustainable or if it is being subsidized by the liquidation of principal.
Includes 30+ ratios · 13 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 NXP stock.
Nuveen Select Tax-Free Income Portfolio's current P/E ratio is 75.5x. The historical average is 37.4x. This places it at the 80th percentile of its historical range.
Nuveen Select Tax-Free Income Portfolio's current EV/EBITDA is 80.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.4x.
Nuveen Select Tax-Free Income Portfolio's return on equity (ROE) is 1.3%. The historical average is 3.3%.
Based on historical data, Nuveen Select Tax-Free Income Portfolio is trading at a P/E of 75.5x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nuveen Select Tax-Free Income Portfolio has 97.2% gross margin and 93.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Nuveen Select Tax-Free Income Portfolio's Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.