DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fundverified

DBL

Price:

$15.44

Market Cap:

$263.58M

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. DoubleLine Opportunistic Credit Fund was formed on July 22, 2011 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

2012-01-27

Stock Exchange

NYSE

Ticker

DBL

The PE Ratio as of November 2024 (TTM) for DoubleLine Opportunistic Credit Fund (DBL) is 8.00

According to DoubleLine Opportunistic Credit Fund’s latest financial reports and current stock price. The company's current PE Ratio is 8.00. This represents a change of 86.19% compared to the average of 4.30 of the last 4 quarters.

DoubleLine Opportunistic Credit Fund (DBL) Historical PE Ratio (quarterly & annually)

How has DBL PE Ratio performed in the past?

The mean historical PE Ratio of DoubleLine Opportunistic Credit Fund over the last ten years is 21.58. The current 8.00 PE Ratio has changed 3.61% with respect to the historical average. Over the past ten years (40 quarters), DBL's PE Ratio was at its highest in in the September 2023 quarter at 9.56. The PE Ratio was at its lowest in in the March 2022 quarter at -3.45.

Quarterly (TTM)
Annual

Average

21.58

Median

14.42

Minimum

-70.86

Maximum

153.04

DoubleLine Opportunistic Credit Fund (DBL) PE Ratio by Quarter and Year

Discovering the peaks and valleys of DoubleLine Opportunistic Credit 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 = 1.74%

Maximum Annual PE Ratio = 153.04

Minimum Annual Increase = -471.43%

Minimum Annual PE Ratio = -70.86

Quarterly (TTM)
Annual
YearPE RatioChange
202316.13-471.43%
2022-4.34-134.19%
202112.70-91.70%
2020153.041.74%
20198.32-111.74%
2018-70.86-318.13%
201732.4929.18%

DoubleLine Opportunistic Credit Fund (DBL) Average PE Ratio

How has DBL PE Ratio performed in the past?

The current PE Ratio of DoubleLine Opportunistic Credit Fund (DBL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.16

5-year avg

37.17

10-year avg

21.58

DoubleLine Opportunistic Credit Fund (DBL) PE Ratio vs. Peers

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

DoubleLine Opportunistic Credit Fund’s PE Ratio is less than Western Asset Global Corporate Defined Opportunity Fund Inc. (19.16), less than Miller/Howard High Income Equity Fund (12.29), less than Legg Mason BW Global Income Opportunities Fund Inc. (10.55), greater than Western Asset Diversified Income Fund (6.14), greater than DoubleLine Yield Opportunities Fund (0), greater than Highland Funds I - Highland Income Fund (4.87), greater than AllianceBernstein Global High Income Fund (4.81), greater than Western Asset Emerging Markets Debt Fund Inc. (5.02), greater than DoubleLine Income Solutions Fund (6.37), less than Pimco Dynamic Income Opportunities Fund (48.01), greater than Neuberger Berman Next Generation Connectivity Fund Inc. (0), greater than BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (6.58), greater than BlackRock MuniYield Quality Fund, Inc. (-102.55), greater than The China Fund, Inc. (-6.88), less than BlackRock New York Municipal Income Trust (24.46), greater than Apollo Senior Floating Rate Fund Inc. (5.91), greater than Blackstone/GSO Strategic Credit Fund (7.88), greater than First Trust Senior Floating Rate Income Fund II (6.48), greater than BlackRock Floating Rate Income Trust (5.36), greater than Eaton Vance Senior Income Trust (7.65),

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