Nuveen California Select Tax-Free Income Portfolio (NXC) P/E Ratio History
ExpensiveTrading at 38.0x vs 5Y avg 14.1x · 95th percentile · Material premium to history · Data 2013–2024
Loading P/E history...
P/E Ratio Analysis
As of June 23, 2026, Nuveen California Select Tax-Free Income Portfolio (NXC) trades at a price-to-earnings ratio of 38.0x, with a stock price of $13.29 and trailing twelve-month earnings per share of $1.18.
The current P/E is 170% above its 5-year average of 14.1x. Over the past five years, NXC's P/E has ranged from a low of 6.4x to a high of 59.8x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.6x, NXC trades at a 178% premium to its sector peers. The sector includes 783 companies with P/E ratios ranging from 0.0x to 196.5x.
Relative to the broader market, NXC commands a significant premium over the S&P 500 median P/E of 24.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NXC DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NXC Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NXC P/E vs Peers
Municipal Bond Closed-End Funds peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $174B | 29.7 | 13.81 | -16% | |
| $23B | 11.7Lowest | - | +1% | |
| $18B | 37.3 | - | +7% | |
| $362B | 22.3 | 2.29Best | +28%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NXC Historical P/E Data (2013–2024)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q4 | Feb 28 2025 | $13.15 | $1.15 | 11.4x | -19% |
| FY2024 Q2 | Aug 31 2024 | $13.66 | $1.05 | 13.1x | -7% |
| FY2021 Q4 | Feb 28 2022 | $14.81 | $0.92 | 16.1x | +14% |
| FY2021 Q2 | - | $15.76 | $1.09 | 14.5x | +3% |
| FY2020 Q4 | Mar 31 2021 | $16.29 | $1.66 | 9.8x | -30% |
| FY2020 Q2 | Sep 30 2020 | $16.01 | $1.99 | 8.0x | -43% |
| FY2019 Q4 | - | $14.50 | $1.43 | 10.1x | -28% |
| FY2019 Q2 | Sep 30 2019 | $15.72 | $1.48 | 10.6x | -25% |
| FY2018 Q4 | Mar 31 2019 | $14.12 | $1.34 | 10.5x | -25% |
| FY2018 Q2 | Sep 30 2018 | $13.99 | $0.23 | 59.8x | +325% |
| FY2017 Q4 | Mar 31 2018 | $13.90 | $0.67 | 20.7x | +47% |
| FY2017 Q2 | Sep 30 2017 | $15.58 | $1.38 | 11.3x | -20% |
| FY2016 Q4 | Mar 31 2017 | $14.83 | $0.85 | 17.5x | +25% |
| FY2016 Q2 | Sep 30 2016 | $17.13 | $1.91 | 9.0x | -36% |
| FY2015 Q4 | - | $16.70 | $2.31 | 7.2x | -49% |
| FY2015 Q2 | Sep 30 2015 | $15.20 | $2.37 | 6.4x | -54% |
| FY2014 Q4 | - | $15.40 | $1.52 | 10.1x | -28% |
| FY2014 Q2 | - | $15.40 | $1.42 | 10.8x | -23% |
| FY2013 Q4 | Mar 31 2014 | $14.25 | $1.38 | 10.3x | -27% |
Average P/E for displayed period: 14.1x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NXC — Frequently Asked Questions
Quick answers to the most common questions about buying NXC stock.
What is NXC's P/E ratio?
Nuveen California Select Tax-Free Income Portfolio (NXC) trailing twelve-month P/E ratio is 38.0x, based on TTM diluted EPS of $1.18. The 5-year average P/E is 14.1x and the historical range spans 6.4x to 59.8x.
Is NXC stock overvalued or undervalued?
NXC trades at 38.0x P/E, above its 5-year average of 14.1x. The 95th percentile ranking within the 6.4x–59.8x historical range indicates a premium to historical valuation.
Is NXC stock expensive?
Yes, NXC is expensive relative to its own history. The current P/E of 38.0x is above the 5-year average of 14.1x and also above the Financial Services sector median of 13.6x. The stock sits at the 95th percentile of its 5-year valuation range.
What is NXC's historical P/E range?
Over the past 5 years, NXC's P/E ratio has ranged from 6.4x to 59.8x, with a median of 10.6x and an average of 14.1x. The current P/E of 38.0x places the stock at the 95th percentile of this range. Full historical data spans 2013–2024.
How does NXC's P/E compare to the S&P 500?
NXC trades at 38.0x P/E versus the S&P 500 median of 24.3x. The 56% premium to the market typically reflects higher expected earnings growth or quality.
How does NXC's valuation compare to Financial Services peers?
Nuveen California Select Tax-Free Income Portfolio P/E of 38.0x compares to the Financial Services sector median of 13.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NXC's PEG ratio?
NXC PEG ratio is N/A, based on a P/E of 38.0x and EPS growth of -56.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is NXC's earnings yield?
NXC earnings yield is 2.63%, the inverse of its 38.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.