First Trust/Abrdn Global Opportunity Income Fund

First Trust/Abrdn Global Opportunity Income Fundverified

FAM

Price:

$6.545

Market Cap:

$66.39M

First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc. The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Emerging Markets Index, Barclays Capital Global Aggregate Index and a blended index comprising of 40% of the Citigroup World Government Bond Index, 30% of the JPMorgan Emerging Markets Bond Index – Global Diversified and 30% of the JPMorgan Glob...[Read more]

Industry

Asset Management - Income

IPO Date

2004-11-24

Stock Exchange

NYSE

Ticker

FAM

The PE Ratio as of September 2024 (TTM) for First Trust/Abrdn Global Opportunity Income Fund (FAM) is 16.78

According to First Trust/Abrdn Global Opportunity Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 16.78. This represents a change of -712.82% compared to the average of -2.74 of the last 4 quarters.

First Trust/Abrdn Global Opportunity Income Fund (FAM) Historical PE Ratio (quarterly & annually)

How has FAM PE Ratio performed in the past?

The mean historical PE Ratio of First Trust/Abrdn Global Opportunity Income Fund over the last ten years is -4.24. The current 16.78 PE Ratio has changed -39707.79% with respect to the historical average. Over the past ten years (40 quarters), FAM's PE Ratio was at its highest in in the September 2017 quarter at 10.61. The PE Ratio was at its lowest in in the September 2018 quarter at -69.50.

Quarterly (TTM)
Annual

Average

-4.24

Median

1.91

Minimum

-65.57

Maximum

27.04

First Trust/Abrdn Global Opportunity Income Fund (FAM) PE Ratio by Quarter and Year

Discovering the peaks and valleys of First Trust/Abrdn Global Opportunity 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 = 594.33%

Maximum Annual PE Ratio = 27.04

Minimum Annual Increase = -362.48%

Minimum Annual PE Ratio = -65.57

Quarterly (TTM)
Annual
YearPE RatioChange
20236.93-362.48%
2022-2.64-75.34%
2021-10.70-139.59%
202027.04318.24%
20196.46-171.57%
2018-9.03-232.49%
20176.82-19.47%
20168.47-183.51%
2015-10.14-84.54%
2014-65.57594.33%

First Trust/Abrdn Global Opportunity Income Fund (FAM) Average PE Ratio

How has FAM PE Ratio performed in the past?

The current PE Ratio of First Trust/Abrdn Global Opportunity Income Fund (FAM) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-2.14

5-year avg

5.42

10-year avg

-4.24

First Trust/Abrdn Global Opportunity Income Fund (FAM) PE Ratio vs. Peers

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

First Trust/Abrdn Global Opportunity Income Fund’s PE Ratio is greater than Apollo Senior Floating Rate Fund Inc. (4.71), greater than Blackstone / GSO Long-Short Credit Income Fund (6.78), greater than Blackstone / GSO Senior Floating Rate Term Fund (4.59), greater than First Trust High Income Long/Short Fund (12.03), greater than Nuveen Senior Income Fund (-16.65), greater than Nuveen Floating Rate Income Fund (8.23), greater than Pioneer Floating Rate Fund, Inc. (9.29), greater than BlackRock Floating Rate Income Trust (4.48), greater than Nuveen Floating Rate Income Opportunity Fund (-30.31), greater than BlackRock Municipal Income Fund, Inc. (-843.21), greater than Eaton Vance Senior Income Trust (3.54), greater than Western Asset High Yield Defined Opportunity Fund Inc. (6.08), greater than Western Asset Mortgage Opportunity Fund Inc. (5.08), less than Pioneer Municipal High Income Advantage Fund, Inc. (55.71), greater than Western Asset High Income Fund II Inc. (2.35), greater than Western Asset High Income Opportunity Fund Inc. (7.60), greater than BlackRock Debt Strategies Fund, Inc. (4.01), greater than Western Asset Diversified Income Fund (6.49),

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