NXC is no longer listed. Its last trade on record was Jan 12, 2026. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (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 | — | $84M | $83M | $88M | $94M | $104M | $92M | $90M | $88M | $93M | $105M |
| Enterprise Value | — | $84M | $83M | $87M | $95M | $102M | $93M | $90M | $86M | $93M | $104M |
| P/E Ratio → | — | 37.57 | 16.39 | — | — | 17.71 | 19.59 | 20.46 | 21.06 | 402.99 | 20.12 |
| P/S Ratio | — | 22.81 | 16.09 | 47.86 | 26.91 | 25.35 | 19.17 | 19.27 | 20.53 | 23.16 | 23.19 |
| P/B Ratio | — | 0.95 | 0.94 | 1.01 | 0.98 | 1.03 | 0.94 | 0.93 | 0.93 | 0.99 | 1.06 |
| 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 | — | 22.70 | 16.06 | 47.34 | 27.09 | 25.09 | 19.30 | 19.23 | 19.88 | 23.04 | 23.04 |
| EV / EBITDA | — | — | 48.48 | — | — | 39.68 | — | — | 141.56 | — | 87.82 |
| EV / EBIT | — | 24.94 | 16.33 | — | 30.10 | 17.50 | 19.71 | 20.42 | 20.40 | 400.93 | 19.99 |
| 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 | — | 100.0% | 100.0% | -319.4% | 100.0% | 145.6% | 77.7% | 79.9% | 93.0% | 92.6% | 93.4% |
| Operating Margin | — | 90.8% | 98.3% | -324.5% | 90.0% | 143.3% | 70.3% | 68.8% | 97.5% | 5.7% | 115.2% |
| Net Profit Margin | — | 60.7% | 98.3% | -324.5% | -39.7% | 143.3% | 97.9% | 94.2% | 97.5% | 5.7% | 115.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | 2.5% | 5.8% | -6.5% | -1.4% | 5.9% | 4.8% | 4.6% | 4.4% | 0.2% | 5.3% |
| ROA | — | 2.5% | 5.8% | -6.5% | -1.4% | 5.8% | 4.8% | 4.6% | 4.4% | 0.2% | 5.2% |
| ROIC | — | 2.8% | 4.3% | -4.9% | 2.4% | 4.4% | 2.6% | 2.5% | 3.3% | 0.2% | 4.0% |
| ROCE | — | 3.8% | 5.8% | -6.5% | 3.2% | 5.9% | 3.5% | 3.3% | 4.4% | 0.2% | 5.3% |
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 | — | 0.00 | — | — | 0.01 | — | 0.01 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.00 | -0.00 | -0.01 | 0.01 | -0.01 | 0.01 | -0.00 | -0.03 | -0.01 | -0.01 |
| Net Debt / EBITDA | — | — | -0.07 | — | — | -0.42 | — | — | -4.61 | — | -0.56 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | 481.56 | 2839.48 | -136172.41 | 8584.55 | — | — | — | — | — | — |
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 | — | 4.13 | 3.34 | 6.98 | 2.88 | 2.58 | 6.78 | 4.28 | 25.95 | 7.03 | 4.27 |
| Quick Ratio | — | 4.13 | 3.34 | 6.98 | 2.88 | 2.58 | 6.78 | 4.28 | 25.95 | 7.03 | 4.27 |
| Cash Ratio | — | 1.39 | 0.43 | 3.59 | — | 1.31 | — | 0.60 | 10.36 | 1.26 | 1.69 |
| Asset Turnover | — | 0.04 | 0.06 | 0.02 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 |
| 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 | — | 2.7% | 6.1% | — | — | 5.6% | 5.1% | 4.9% | 4.7% | 0.2% | 5.0% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | — | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | — | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M |
Includes 30+ ratios · 13 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NXC stock.
Based on historical data, Nuveen California Select Tax-Free Income Portfolio is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Key Metrics
Top Statement Risk
Portfolio yield reinvestment risk
Premium Valuation Amid Asset Contraction
According to recent market data, NXC trades at a P/S ratio of 23.16 and a P/B of 0.96, suggesting that investors are paying a premium relative to the fund's shrinking asset base and declining interest-generating capacity in the current municipal bond environment.
The P/S multiple appears elevated given the 28.59% revenue contraction, implying that the market may be mispricing the fund's ability to maintain historical distribution levels. Investors should monitor whether the discount to NAV persists, as the current valuation does not seem to fully account for the ongoing erosion of the fund's underlying income-producing assets.
Margin Volatility Obscures Earning Power
As reported in financial statements, NXC's net margin has fluctuated wildly from 191.7% in 2024Q4 to -151.6% in 2021Q4, indicating that core interest income is frequently overshadowed by non-operating adjustments that complicate the assessment of the fund's true recurring profitability.
While the 100% gross margin is a structural feature of the investment vehicle, the significant divergence between operating and net margins suggests that administrative costs and non-operating items are creating substantial noise. This volatility warrants further investigation into whether the fund's net income is a reliable indicator of its long-term capacity to sustain tax-free distributions.
Decaying Returns on Invested Capital
Based on historical data, NXC's ROIC has remained consistently low, hovering between 0.5% and 1.4% over the last ten quarters, which suggests that the fund is struggling to compound capital effectively in a challenging interest rate environment for California municipal securities.
The stagnation in ROIC reflects the difficulty of reinvesting maturing bond proceeds into higher-yielding instruments without taking on excessive credit risk. This trend appears to confirm that the fund's primary value proposition is capital preservation rather than aggressive capital appreciation, which may limit total return potential for shareholders.
Working Capital Efficiency Remains Static
As indicated by the reported asset turnover ratio of 0.01 to 0.02 over the last decade, NXC exhibits extremely low asset velocity, which is characteristic of a passive income-generating vehicle rather than an operationally intensive business model.
The lack of meaningful movement in asset turnover suggests that the fund's efficiency is dictated by the macro interest rate environment rather than internal management initiatives. Investors should note that the fund's operational leverage is minimal, which provides stability but limits the ability to improve efficiency through cost-cutting or process optimization.
Misapplication of Price-to-Earnings Ratio
The P/E ratio is frequently misapplied to NXC, as it fails to account for the fund's unique status as a pass-through investment vehicle where net income is heavily distorted by unrealized gains and non-operating accounting adjustments.
Analysts should instead focus on Undistributed Net Investment Income (UNII) and the sustainability of the distribution yield to gauge the fund's health. Relying on P/E multiples obscures the reality that the fund's earnings are a function of portfolio yield rather than operational growth, leading to potentially flawed conclusions about its valuation.