Stock fact sheet · data as of
Nuveen New York Quality Municipal Income Fund (NAN): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is NAN undervalued?
At 9.92 (close of 16 Oct 2026), NAN trades within a few percent of the GLS average fair value of 9.79 (1.3% above fair value). 3 models produced a value and they split 2 above the price to 1 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
The average is built from just 3 models (DCF, 10 Cap, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files NAN under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for NAN
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.9183 | -91% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 16.04 | +62% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 12.42 | +25% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -7.27 | -173% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Nuveen New York Quality Municipal Income Fund scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.1/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -6.8%, ROE -6.9%, ROA -4.0% - with debt at 0.00 times equity and a free-cash-flow yield of 7.6%.
The dividend yield is high at 8.51% (payout ratio -170%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -6.8% |
|---|---|---|---|
| GLS Moat | 3.1 / 10 | ROE | -6.9% |
| Debt / equity | 0.00 | ROA | -4.0% |
| Free-cash-flow yield | 7.6% | Payout ratio | -170% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Nuveen New York Quality Municipal Income Fund sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 12/25, Health 11/20, Moat 5/15, Premium 20/20, Stability 9/20 - show where: Moat (5/15) scores lowest.
Implied volatility is 39% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 0 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 278k shares a day on a market cap of $327M, with a beta of 0.58 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 12 / 25 | -1% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.1/10 | |
| Premium | 20 / 20 | implied volatility 39% | |
| Stability | 9 / 20 | 278k shares/day, $327M cap, beta 0.58 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for NAN in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Nuveen New York Quality Municipal Income Fund by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CYPH Cypherpunk Technologies Inc. | 3.02 | 2.15 | -41% | 23Weak | $325M |
| PFL PIMCO Income Strategy Fund | 6.64 | 11.46 | +42% | 39No options | $330M |
| ASG Liberty All-Star Growth Fund, Inc. | 5.06 | 19.91 | +75% | 39No options | $322M |
| SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 18.63 | 50.17 | +63% | 39No options | $335M |
| KTF DWS Municipal Income Trust | 8.14 | 16.13 | +50% | 39No options | $319M |
| FNORX Fidelity Investment Trust - Fidelity Nordic Fund | 68.73 | 8,442.71 | +99% | 39No options | $336M |
| CCAP Crescent Capital BDC, Inc. | 9.13 | 47.59 | +81% | 45Weak | $336M |
| EMF Templeton Emerging Markets Fund | 21.20 | 221.43 | +90% | 39No options | $317M |
| WPOIX Weitz Partners III Opportunity Fund | 12.12 | 137.33 | +91% | 39No options | $338M |
| AONIX American Century One Choice Portfolio: Very Conservative;Investor | 11.91 | 9.08 | -31% | 18No options | $338M |
| MIY BlackRock MuniYield Michigan Quality Fund, Inc. | 11.70 | 28.04 | +58% | 39No options | $339M |
| HIX Western Asset High Income Fund II Inc | 3.50 | 13.82 | +75% | 39No options | $315M |
⚖ Compare NAN with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about NAN
Is NAN undervalued right now?
Not meaningfully: at 9.92 the stock trades within a few percent of the GLS average fair value of 9.79 (1.3% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of NAN and what does it mean?
NAN scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for NAN?
9.79 per share as of 16 Oct 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Nuveen New York Quality Municipal Income Fund report earnings next?
No upcoming earnings date is recorded for NAN in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does NAN have listed options, and how liquid are they?
Yes. The nightly snapshot found 84 listed contracts with 0 open interest across all expiries and implied volatility of 39% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.