Is NAN or NAZ more undervalued in 2026?

CirclFi compares Nuveen New York Quality Municip (NAN) and Nuveen Arizona Quality Municipa (NAZ) using 13 institutional-grade valuation models. NAN has a Quality of Company score of 1.8/10 while NAZ scores 1.7/10.

Which is a better buy — NAN or NAZ?

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 NAN and NAZ valuations compare?

NAN at $11.46 and NAZ at $12.76 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NAN vs NAZ Valuation Comparison 2026 — Intrinsic Value Analysis

NAN

Asset Management

Nuveen New York Quality Municip

Quality

1.8

out of 10

Value Trap

—

Price

$11.46

Last close

Models

10/13

Active

NAZ

Asset Management

Nuveen Arizona Quality Municipa

Quality

1.7

out of 10

Value Trap

—

Price

$12.76

Last close

Models

8/13

Active

Model-by-Model Comparison

Model	Type	NAN Fair Value	NAN Upside	NAZ Fair Value	NAZ Upside
Bayesian DCF	Intrinsic	$3.03	-73.5%	$3.38	-73.5%
Earnings Power Value	Intrinsic	$4.56	-60.2%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$7.52	-34.4%	$6.91	-45.7%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for NAN vs NAZ — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

NAN vs NAZ — Which Stock Is More Undervalued?

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

Comparing Nuveen New York Quality Municip (NAN) and Nuveen Arizona Quality Municipa (NAZ) 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.

NAN currently trades at $11.46 with a QOC of 1.8/10, while NAZ trades at $12.76 with a QOC of 1.7/10.

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).