MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal Trustverified

CXH

Price:

$8.24

Market Cap:

$67.56M

MFS Investment Grade Municipal 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. MFS Investment Grade Municipal Trust was founded in May 16, 1989 and is domiciled in United States.[Read more]

Industry

Asset Management

IPO Date

1989-05-19

Stock Exchange

NYSE

Ticker

CXH

The PE Ratio as of September 2024 (TTM) for MFS Investment Grade Municipal Trust (CXH) is 31.69

According to MFS Investment Grade Municipal Trust’s latest financial reports and current stock price. The company's current PE Ratio is 31.69. This represents a change of -154.12% compared to the average of -58.55 of the last 4 quarters.

MFS Investment Grade Municipal Trust (CXH) Historical PE Ratio (quarterly & annually)

How has CXH PE Ratio performed in the past?

The mean historical PE Ratio of MFS Investment Grade Municipal Trust over the last ten years is 19.94. The current 31.69 PE Ratio has changed 15.79% with respect to the historical average. Over the past ten years (40 quarters), CXH's PE Ratio was at its highest in in the August 2017 quarter at 141.45. The PE Ratio was at its lowest in in the August 2023 quarter at -175.45.

Quarterly (TTM)
Annual

Average

19.94

Median

15.33

Minimum

-3.63

Maximum

77.11

MFS Investment Grade Municipal Trust (CXH) PE Ratio by Quarter and Year

Discovering the peaks and valleys of MFS Investment Grade 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 = 512.76%

Maximum Annual PE Ratio = 77.11

Minimum Annual Increase = -1145.02%

Minimum Annual PE Ratio = -3.63

Quarterly (TTM)
Annual
YearPE RatioChange
202337.90-1145.02%
2022-3.63-119.96%
202118.17-9.30%
202020.04110.23%
20199.53-87.64%
201877.11512.76%
201712.58274.45%
20163.36-81.41%
201518.07189.86%
20146.24-159.50%

MFS Investment Grade Municipal Trust (CXH) Average PE Ratio

How has CXH PE Ratio performed in the past?

The current PE Ratio of MFS Investment Grade Municipal Trust (CXH) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

17.48

5-year avg

16.40

10-year avg

19.94

MFS Investment Grade Municipal Trust (CXH) PE Ratio vs. Peers

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

MFS Investment Grade Municipal Trust’s PE Ratio is greater than Invesco High Income 2024 Target Term Fund (3.77), greater than Eaton Vance National Municipal Opportunities Trust (9.04), greater than Nuveen California Select Tax-Free Income Portfolio (5.77), greater than Federated Hermes Premier Municipal Income Fund (26.65), greater than Virtus Convertible & Income 2024 Target Term Fund (0), 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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