As of 2025-07-08, the Fair Value of Nuveen Quality Municipal Income Fund (NAD) is 50.02 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 11.39 USD, the upside of Nuveen Quality Municipal Income Fund is 339.2%.

Is NAD a good investment?

With the market price of 11.39 USD and our fair value calculation, Nuveen Quality Municipal Income Fund (NAD) is a good investment. Investing in NAD stocks now will result in a potential gain of 339.2%.

11.39 USD

Stock Price

50.02 USD

Fair Price

FAIR VALUE CALCULATION

NAD Fair Value

Peter Lynch's formula is:

NAD Fair Value

= Earnings Growth Rate x TTM EPS

NAD Fair Value

= 25 x 2

NAD Fair Value

= 50.02

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

	Historical Earnings

	10-2020	10-2021	10-2022	10-2023	10-2024	5Y Avg
Net income	102.9	231.3	-834	43.2	468	2
YoY growth	-76.1%	124.8%	-460.6%	105.2%	983.2%	135.3%

NAD Fair Value - Peers Benchmarking

	Market Cap (mil)	EPS	Fair Value	Upside
a
Nuveen Quality Municipal Income Fund	2,658	2	50.02	339.2%
PIMCO Dynamic Income Fund	7,234	1.8	43.55	127.9%
DNP Select Income Fund Inc	3,611	2.3	11.39	16.7%
Nuveen Amt-Free Quality Municipal Income Fund	3,286	1.9	47.74	334.4%
Pimco Dynamic Credit and Mortgage Income Fund	3,114	1.5	7.56	-63.1%
Nuveen AMT-Free Municipal Credit Income Fund	2,562	2.6	64.98	441.5%
Nuveen Municipal Credit Income Fund	2,323	2.3	58.2	385.4%
Nuveen California Quality Municipal Income Fund	1,621	0.3	1.59	-85.8%
Blackrock Science and Technology Trust II	1,433	3.9	98.21	383.1%
DoubleLine Income Solutions Fund	1,354	2.4	59.2	387.3%
Eaton Vance Ltd Duration Income Fund	1,192	1.2	5.79	-43.6%

NAD Fair Value - Key Data

Market Cap (mil)	2,658
P/E	5.7x
Forward P/E	7.4x

EPS	2
Avg earnings growth rate	135.3%
TTM earnings	467

NAD Fair Value - Formula's Origin

Peter Lynch is one of the most legendary investors/fund managers of all time. His philosophy for stock investing is very simple and straightforward: he invests in stocks that are undervalued, meaning its P/E is less than or equal to its earnings growth rate. He believes that if a stock is trading at its fair value, the PEG ratio, which was also invented by him, should be 1.

Therefore, his formula to determine a company's fair value is:

Peter Lynch Fair Value = Earnings Growth Rate * EPS * PEG

PEG is set to 1 so we can ignore it in the calculation. Based on the formula, if the earnings growth rate of a company is 15%, Peter Lynch is willing to buy its share up to P/E = 15.