Is MUJ or NAC more undervalued in 2026?

CirclFi compares Blackrock MuniHoldings New Jers (MUJ) and Nuveen California Quality Munic (NAC) using 13 institutional-grade valuation models. MUJ has a Quality of Company score of 1.7/10 while NAC scores 1.8/10.

Which is a better buy — MUJ or NAC?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do MUJ and NAC valuations compare?

MUJ at $12.23 and NAC at $11.99 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MUJ vs NAC Valuation Comparison 2026 — Intrinsic Value Analysis

MUJ

Asset Management

Blackrock MuniHoldings New Jers

Quality

1.7

out of 10

Value Trap

—

Price

$12.23

Last close

Models

9/13

Active

NAC

Asset Management

Nuveen California Quality Munic

Quality

1.8

out of 10

Value Trap

—

Price

$11.99

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	MUJ Fair Value	MUJ Upside	NAC Fair Value	NAC Upside
Bayesian DCF	Intrinsic	$3.24	-73.5%	$3.17	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	—	—	$7.69	-35.8%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$5.92	-51.0%	—	—

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MUJ vs NAC — Which Stock Is More Undervalued?

NAC scores higher with a 1.8/10 quality rating vs MUJ's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Blackrock MuniHoldings New Jers (MUJ) and Nuveen California Quality Munic (NAC) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

MUJ currently trades at $12.23 with a QOC of 1.7/10, while NAC trades at $11.99 with a QOC of 1.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).