Stock fact sheet · data as of
Nuveen New York Quality Municipal Income Fund (NAN): fair value, margin of safety and Wheel Score
Ticker symbol NAN · Financial Services · Asset Management · United States · Fund / Note
Is NAN undervalued?
At 10.19 (close of 5 Nov 2026), NAN trades within a few percent of the GLS average fair value of 9.79 (4.0% 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.
NAN looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
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 | 0.9261 | -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 | +57% | 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 | +22% | 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 | -171% | 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 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. 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. There is no GLS Moat score for NAN: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
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 7.4%.
The dividend yield is high at 8.28% (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 | 6 / 9 | ROIC | -6.8% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -6.9% |
| Debt / equity | 0.00 | ROA | -4.0% |
| Free-cash-flow yield | 7.4% | Payout ratio | -170% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 27: Weak
With a Wheel Score of 27 Nuveen New York Quality Municipal Income Fund sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (0 open interest, 0 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades 4% above our fair value; and filter 8, big enough - market cap $336M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 53% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: 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 108k shares a day on a market cap of $336M, with a beta of 0.61 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (0 open interest, 0 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 4% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $336M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 4% above fair value | |
| Premium | Strong | implied volatility 53% | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 0 contracts a day, 0 open interest | |
| Stability | Fair | beta 0.61, $336M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for NAN in the nightly calendar. The shares go ex-dividend on 13 Nov 2026 (0.0680 per share), so a covered call sold before then carries a small early-assignment risk around that date.
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 |
|---|---|---|---|---|---|
| SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 18.63 | 50.18 | +63% | 25No options | $335M |
| BTA Beacon Tactical Alternatives Risk ETF | 25.14 | 7.48 | -236% | 12No options | $338M |
| ZTR Virtus Total Return Fund Inc. | 6.68 | 27.81 | +76% | 28No options | $334M |
| AONIX American Century One Choice Portfolio: Very Conservative;Investor | 12.02 | 9.08 | -32% | 10No options | $338M |
| BCSSX Brown Capital Management Small Company Fund | 29.26 | 699.42 | +96% | 28No options | $341M |
| FNORX Fidelity Investment Trust - Fidelity Nordic Fund | 71.41 | 8,897.78 | +99% | 29No options | $344M |
| PFL PIMCO Income Strategy Fund | 6.97 | 11.47 | +39% | 26No options | $347M |
| CION CION Investment Corporation | 7.05 | 13.24 | +47% | 48Weak | $347M |
| FOF Cohen & Steers Closed-End Opportunity Fund, Inc. | 12.50 | 57.72 | +78% | 26No options | $347M |
| MASGX Matthews Emerging Markets Sustainable Future Fund | 17.01 | 10.67 | -59% | 10No options | $325M |
| BKT BlackRock Income Trust, Inc. | 10.03 | 13.53 | +26% | 26No options | $325M |
| ACUSX Advisors Capital Total Return – Equity | 15.66 | 41.62 | +62% | 25No options | $348M |
⚖ Compare NAN with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about NAN
Is NAN undervalued right now?
Not meaningfully: at 10.19 the stock trades within a few percent of the GLS average fair value of 9.79 (4.0% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of NAN and what does it mean?
NAN scores 27 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for NAN?
9.79 per share as of 5 Nov 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 5 Nov 2026; the Calendars page is refreshed every morning.
Does NAN have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 0 open interest across all expiries and implied volatility of 53% 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.