BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trustverified

BGT

Price:

$12.77

Market Cap:

$287.27M

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2004-08-30

Stock Exchange

NYSE

Ticker

BGT

The PE Ratio as of September 2024 (TTM) for BlackRock Floating Rate Income Trust (BGT) is 7.30

According to BlackRock Floating Rate Income Trust’s latest financial reports and current stock price. The company's current PE Ratio is 7.30. This represents a change of 50.92% compared to the average of 4.84 of the last 4 quarters.

BlackRock Floating Rate Income Trust (BGT) Historical PE Ratio (quarterly & annually)

How has BGT PE Ratio performed in the past?

The mean historical PE Ratio of BlackRock Floating Rate Income Trust over the last ten years is 21.90. The current 7.30 PE Ratio has changed 3.23% with respect to the historical average. Over the past ten years (40 quarters), BGT's PE Ratio was at its highest in in the July 2019 quarter at 53.25. The PE Ratio was at its lowest in in the July 2015 quarter at -61.47.

Quarterly (TTM)
Annual

Average

21.90

Median

19.22

Minimum

-41.16

Maximum

98.02

BlackRock Floating Rate Income Trust (BGT) PE Ratio by Quarter and Year

Discovering the peaks and valleys of BlackRock Floating Rate Income Trust 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 = 207.19%

Maximum Annual PE Ratio = 98.02

Minimum Annual Increase = -340.17%

Minimum Annual PE Ratio = -41.16

Quarterly (TTM)
Annual
YearPE RatioChange
20237.07-117.17%
2022-41.16-340.17%
202117.14-82.52%
202098.02207.19%
201931.9138.79%
201822.9936.56%
201716.8415.55%
201614.57-51.99%
201530.3542.51%
201421.2997.56%

BlackRock Floating Rate Income Trust (BGT) Average PE Ratio

How has BGT PE Ratio performed in the past?

The current PE Ratio of BlackRock Floating Rate Income Trust (BGT) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-5.65

5-year avg

22.59

10-year avg

21.90

BlackRock Floating Rate Income Trust (BGT) PE Ratio vs. Peers

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

BlackRock Floating Rate Income Trust’s PE Ratio is less than Nuveen Mortgage and Income Fund (0), less than Nuveen Senior Income Fund (9.03), greater than Nuveen Floating Rate Income Opportunity Fund (-16.65), greater than Apollo Senior Floating Rate Fund Inc. (-30.31), greater than Eaton Vance Senior Income Trust (4.71), greater than Pioneer Floating Rate Fund, Inc. (1.92), less than Virtus Convertible & Income 2024 Target Term Fund (9.17), greater than Eaton Vance Floating-Rate Income Trust (0), greater than NXG NextGen Infrastructure Income Fund (4.16), less than GAMCO Natural Resources, Gold & Income Trust (12.85), greater than MFS Investment Grade Municipal Trust (2.82), less than Western Asset Global High Income Fund Inc. (28.07), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (2.88), greater than Calamos Convertible and High Income Fund (4.47), less than Blackstone/GSO Strategic Credit Fund (11.55), greater than null (6.16),

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Frequently asked questions❓

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