Is NKX or NMCO more undervalued in 2026?

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

Which is a better buy — NKX or NMCO?

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 NKX and NMCO valuations compare?

NKX at $12.62 and NMCO at $10.80 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NKX vs NMCO Valuation Comparison 2026 — Intrinsic Value Analysis

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

NMCO

Asset Management

NMCO

Quality

1.8

out of 10

Value Trap

—

Price

$10.80

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	NKX Fair Value	NKX Upside	NMCO Fair Value	NMCO Upside
Bayesian DCF	Intrinsic	$3.34	-73.5%	$2.86	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	—	—	$7.24	-32.9%
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	$4.32	-65.1%	$10.63	+0.1%

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NKX vs NMCO — Which Stock Is More Undervalued?

NMCO 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 California AMT-Free Qual (NKX) and NMCO (NMCO) 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.

NKX currently trades at $12.62 with a QOC of 1.7/10, while NMCO trades at $10.80 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).