MFS High Income Municipal Trust

MFS High Income Municipal Trustverified

CXE

Price:

$3.64

Market Cap:

$114.75M

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

1989-02-17

Stock Exchange

NYSE

Ticker

CXE

The PE Ratio as of December 2024 (TTM) for MFS High Income Municipal Trust (CXE) is 20.22

According to MFS High Income Municipal Trust’s latest financial reports and current stock price. The company's current PE Ratio is 20.22. This represents a change of -57.14% compared to the average of 47.18 of the last 4 quarters.

MFS High Income Municipal Trust (CXE) Historical PE Ratio (quarterly & annually)

How has CXE PE Ratio performed in the past?

The mean historical PE Ratio of MFS High Income Municipal Trust over the last ten years is 29.76. The current 20.22 PE Ratio has changed 6.70% with respect to the historical average. Over the past ten years (40 quarters), CXE's PE Ratio was at its highest in in the August 2023 quarter at 111.80. The PE Ratio was at its lowest in in the August 2018 quarter at -180.04.

Quarterly (TTM)
Annual

Average

29.76

Median

12.58

Minimum

-3.38

Maximum

162.67

MFS High Income Municipal Trust (CXE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of MFS High Income 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 = 1.40%

Maximum Annual PE Ratio = 162.67

Minimum Annual Increase = -1391.28%

Minimum Annual PE Ratio = -3.38

Quarterly (TTM)
Annual
YearPE RatioChange
202343.59-1391.28%
2022-3.38-126.78%
202112.61-92.25%
2020162.671.40%
201910.82-67.11%
201832.92162.12%
201712.56276.44%
20163.34-79.38%
201516.18158.88%
20146.25-147.15%

MFS High Income Municipal Trust (CXE) Average PE Ratio

How has CXE PE Ratio performed in the past?

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

3-year avg

17.61

5-year avg

45.26

10-year avg

29.76

MFS High Income Municipal Trust (CXE) PE Ratio vs. Peers

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

MFS High Income Municipal Trust’s PE Ratio is greater than Virtus Convertible & Income 2024 Target Term Fund (0), less than MFS Investment Grade Municipal Trust (43.03), greater than Eaton Vance National Municipal Opportunities Trust (8.26), greater than Invesco High Income 2024 Target Term Fund (8.34), less than BlackRock MuniHoldings New York Quality Fund, Inc. (23.40), greater than Nuveen California Select Tax-Free Income Portfolio (7.95), greater than BlackRock MuniVest Fund II, Inc. (-78.61), greater than DTF Tax-Free Income 2028 Term Fund Inc. (-67.11), greater than John Hancock Income Securities Trust (-25.45), greater than BlackRock MuniHoldings Fund, Inc. (-49.80), less than MFS High Yield Municipal Trust (24.28), greater than Nuveen Preferred and Income Fund (-3.40),

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