ERC
Price:
$9.05
Market Cap:
$254.00M
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.[Read more]
Industry
Asset Management - Income
IPO Date
2003-06-25
Stock Exchange
NYSE
Ticker
ERC
According to Allspring Multi-Sector Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 11.17. This represents a change of -226.31% compared to the average of -8.84 of the last 4 quarters.
The mean historical PE Ratio of Allspring Multi-Sector Income Fund over the last ten years is -176.03. The current 11.17 PE Ratio has changed -734.54% with respect to the historical average. Over the past ten years (40 quarters), ERC's PE Ratio was at its highest in in the July 2014 quarter at 29.33. The PE Ratio was at its lowest in in the January 2015 quarter at -510.36.
Average
-176.03
Median
8.77
Minimum
-1546.68
Maximum
15.75
Discovering the peaks and valleys of Allspring Multi-Sector Income 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 = 28.24%
Maximum Annual PE Ratio = 15.75
Minimum Annual Increase = -13729.74%
Minimum Annual PE Ratio = -1546.68
Year | PE Ratio | Change |
---|---|---|
2023 | 12.05 | -380.27% |
2022 | -4.30 | -149.49% |
2021 | 8.69 | -103.31% |
2020 | -262.21 | -2769.68% |
2019 | 9.82 | -100.64% |
2018 | -1546.68 | -13729.74% |
2017 | 11.35 | 28.24% |
2016 | 8.85 | -164.78% |
2015 | -13.66 | -186.74% |
2014 | 15.75 | -35.79% |
The current PE Ratio of Allspring Multi-Sector Income Fund (ERC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
5.48
5-year avg
-47.19
10-year avg
-176.03
Allspring Multi-Sector Income Fund’s PE Ratio is greater than Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (4.84), greater than BNY Mellon High Yield Strategies Fund (7.12), greater than Pioneer High Income Fund, Inc. (3.84), greater than Allspring Utilities and High Income Fund (5.08), greater than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (3.99), greater than First Trust/Abrdn Global Opportunity Income Fund (6.15), less than Virtus Convertible & Income Fund II (22.67), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (33.34), greater than First Trust Senior Floating Rate Income Fund II (6.48), greater than Apollo Senior Floating Rate Fund Inc. (5.91), greater than Blackstone / GSO Long-Short Credit Income Fund (7.81), greater than Calamos Long/Short Equity & Dynamic Income Term Trust (0), less than Eaton Vance Senior Floating-Rate Trust (13.31),
Company | PE Ratio | Market cap |
---|---|---|
4.84 | $212.95M | |
7.12 | $192.75M | |
3.84 | $230.62M | |
5.08 | $102.70M | |
3.99 | $411.28M | |
6.15 | $66.03M | |
22.67 | $248.14M | |
33.34 | $72.23M | |
6.48 | $270.23M | |
5.91 | $231.42M | |
7.81 | $162.79M | |
0 | $303.02M | |
13.31 | $377.57M |
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