Is NEA or NKX more undervalued in 2026?

CirclFi compares Nuveen AMT-Free Quality Municip (NEA) and Nuveen California AMT-Free Qual (NKX) using 13 institutional-grade valuation models. NEA has a Quality of Company score of 1.8/10 while NKX scores 1.7/10.

Which is a better buy — NEA or NKX?

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 NEA and NKX valuations compare?

NEA at $11.49 and NKX at $12.62 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NEA vs NKX Valuation Comparison 2026 — Intrinsic Value Analysis

NEA

Asset Management

Nuveen AMT-Free Quality Municip

Quality

1.8

out of 10

Value Trap

—

Price

$11.49

Last close

Models

10/13

Active

NKX

Asset Management

Nuveen California AMT-Free Qual

Quality

1.7

out of 10

Value Trap

—

Price

$12.62

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	NEA Fair Value	NEA Upside	NKX Fair Value	NKX Upside
Bayesian DCF	Intrinsic	$3.39	-70.5%	$3.34	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$7.85	-31.6%	—	—
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$4.44	-60.5%	$4.32	-65.1%

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NEA vs NKX — Which Stock Is More Undervalued?

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

Comparing Nuveen AMT-Free Quality Municip (NEA) and Nuveen California AMT-Free Qual (NKX) 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.

NEA currently trades at $11.49 with a QOC of 1.8/10, while NKX trades at $12.62 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).