Abrdn Income Credit Strategies Fund

Abrdn Income Credit Strategies Fundverified

ACP

Price:

$6.5399

Market Cap:

$340.79M

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2011-01-27

Stock Exchange

NYSE

Ticker

ACP

The PE Ratio as of September 2024 (TTM) for Abrdn Income Credit Strategies Fund (ACP) is 7.11

According to Abrdn Income Credit Strategies Fund’s latest financial reports and current stock price. The company's current PE Ratio is 7.11. This represents a change of -52.13% compared to the average of 14.85 of the last 4 quarters.

Abrdn Income Credit Strategies Fund (ACP) Historical PE Ratio (quarterly & annually)

How has ACP PE Ratio performed in the past?

The mean historical PE Ratio of Abrdn Income Credit Strategies Fund over the last ten years is -2.62. The current 7.11 PE Ratio has changed -27208.13% with respect to the historical average. Over the past ten years (40 quarters), ACP's PE Ratio was at its highest in in the July 2019 quarter at 110.27. The PE Ratio was at its lowest in in the July 2021 quarter at -56.21.

Quarterly (TTM)
Annual

Average

-2.62

Median

6.13

Minimum

-68.51

Maximum

48.48

Abrdn Income Credit Strategies Fund (ACP) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Abrdn Income Credit Strategies Fund PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 583.12%

Maximum Annual PE Ratio = 48.48

Minimum Annual Increase = -295.40%

Minimum Annual PE Ratio = -68.51

Quarterly (TTM)
Annual
YearPE RatioChange
20235.17-295.40%
2022-2.65-135.29%
20217.50-118.37%
2020-40.84-40.40%
2019-68.51-241.32%
201848.48583.12%
20177.10-38.72%
201611.58-213.45%
2015-10.21-163.23%
201416.1592.85%

Abrdn Income Credit Strategies Fund (ACP) Average PE Ratio

How has ACP PE Ratio performed in the past?

The current PE Ratio of Abrdn Income Credit Strategies Fund (ACP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.34

5-year avg

-19.87

10-year avg

-2.62

Abrdn Income Credit Strategies Fund (ACP) PE Ratio vs. Peers

How is ACP’s PE Ratio compared to its peers?

Abrdn Income Credit Strategies Fund’s PE Ratio is less than Virtus Convertible & Income Fund (31.30), greater than Special Opportunities Fund, Inc. (6.07), less than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (7.28), less than Clough Global Dividend and Income Fund (27.69), greater than RiverNorth Opportunities Fund, Inc. (6.11), less than High Income Securities Fund (20.12), greater than Cornerstone Total Return Fund, Inc. (5.89), greater than Clough Global Opportunities Fund (-14.47), less than Eagle Point Credit Company Inc. (0), less than Cornerstone Strategic Value Fund, Inc. (7.90), greater than Oxford Square Capital Corp. (5.24), less than Guggenheim Strategic Opportunities Fund (60.39), less than PennantPark Floating Rate Capital Ltd. (7.27), less than Stellus Capital Investment Corporation (8.02), less than Gladstone Capital Corporation (11.01), greater than Gladstone Investment Corporation (6.68), greater than Prospect Capital Corporation (6.83), less than null (8.77),

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