MFS High Yield Municipal Trust

MFS High Yield Municipal Trustverified

CMU

Price:

$3.605

Market Cap:

$91.90M

MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial Municipal Income Trust. MFS High Yield Municipal Trust was founded in March 19, 1987 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1987-03-19

Stock Exchange

NYSE

Ticker

CMU

The PE Ratio as of September 2024 (TTM) for MFS High Yield Municipal Trust (CMU) is 20.03

According to MFS High Yield Municipal Trust’s latest financial reports and current stock price. The company's current PE Ratio is 20.03. This represents a change of -145.28% compared to the average of -44.23 of the last 4 quarters.

MFS High Yield Municipal Trust (CMU) Historical PE Ratio (quarterly & annually)

How has CMU PE Ratio performed in the past?

The mean historical PE Ratio of MFS High Yield Municipal Trust over the last ten years is 38.16. The current 20.03 PE Ratio has changed 5.15% with respect to the historical average. Over the past ten years (40 quarters), CMU's PE Ratio was at its highest in in the August 2021 quarter at 32.29. The PE Ratio was at its lowest in in the August 2023 quarter at -130.29.

Quarterly (TTM)
Annual

Average

38.16

Median

12.33

Minimum

-3.27

Maximum

246.10

MFS High Yield Municipal Trust (CMU) PE Ratio by Quarter and Year

Discovering the peaks and valleys of MFS High Yield Municipal 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 = 2.34%

Maximum Annual PE Ratio = 246.10

Minimum Annual Increase = -1486.45%

Minimum Annual PE Ratio = -3.27

Quarterly (TTM)
Annual
YearPE RatioChange
202345.29-1486.45%
2022-3.27-125.94%
202112.59-94.88%
2020246.102.34%
201910.11-68.87%
201832.46168.78%
201712.08276.85%
20163.20-80.73%
201516.63158.06%
20146.44-146.54%

MFS High Yield Municipal Trust (CMU) Average PE Ratio

How has CMU PE Ratio performed in the past?

The current PE Ratio of MFS High Yield Municipal Trust (CMU) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

18.20

5-year avg

62.16

10-year avg

38.16

MFS High Yield Municipal Trust (CMU) PE Ratio vs. Peers

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

MFS High Yield Municipal Trust’s PE Ratio is less than MFS Investment Grade Municipal Trust (28.07), less than MFS Municipal Income Trust (22.15), less than DTF Tax-Free Income 2028 Term Fund Inc. (257.10), less than MFS Government Markets Income Trust (203.52), greater than Invesco High Income 2024 Target Term Fund (3.78), greater than Eaton Vance National Municipal Opportunities Trust (8.84), greater than Nuveen California Select Tax-Free Income Portfolio (5.78), less than Federated Hermes Premier Municipal Income Fund (26.35), greater than Virtus Convertible & Income 2024 Target Term Fund (0), less than BlackRock MuniHoldings New York Quality Fund, Inc. (25.60), greater than Invesco High Income 2023 Target Term Fund (-39.27), greater than Nuveen Corporate Income 2023 Target Term Fund (-34.66),

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