Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fundverified

FMN

Price:

$11.1

Market Cap:

$127.63M

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors. It benchmarks the performance of its portfolio against S&P Municipal Bond Index. Federated Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

2002-12-20

Stock Exchange

NYSE

Ticker

FMN

The PE Ratio as of November 2024 (TTM) for Federated Hermes Premier Municipal Income Fund (FMN) is 24.13

According to Federated Hermes Premier Municipal Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 24.13. This represents a change of -14.35% compared to the average of 28.17 of the last 4 quarters.

Federated Hermes Premier Municipal Income Fund (FMN) Historical PE Ratio (quarterly & annually)

How has FMN PE Ratio performed in the past?

The mean historical PE Ratio of Federated Hermes Premier Municipal Income Fund over the last ten years is 121.45. The current 24.13 PE Ratio has changed 1.89% with respect to the historical average. Over the past ten years (40 quarters), FMN's PE Ratio was at its highest in in the August 2017 quarter at 74.80. The PE Ratio was at its lowest in in the August 2018 quarter at -49.09.

Quarterly (TTM)
Annual

Average

121.45

Median

19.16

Minimum

-3.98

Maximum

994.75

Federated Hermes Premier Municipal Income Fund (FMN) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Federated Hermes Premier Municipal 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 = 4.25%

Maximum Annual PE Ratio = 994.75

Minimum Annual Increase = -920.43%

Minimum Annual PE Ratio = -3.98

Quarterly (TTM)
Annual
YearPE RatioChange
202332.64-920.43%
2022-3.98-121.16%
202118.80-1.78%
202019.14131.86%
20198.26-99.17%
2018994.754.25%
201722.86-76.33%
201696.57403.73%
201519.17206.99%
20146.25-161.38%

Federated Hermes Premier Municipal Income Fund (FMN) Average PE Ratio

How has FMN PE Ratio performed in the past?

The current PE Ratio of Federated Hermes Premier Municipal Income Fund (FMN) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

15.82

5-year avg

14.97

10-year avg

121.45

Federated Hermes Premier Municipal Income Fund (FMN) PE Ratio vs. Peers

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

Federated Hermes Premier Municipal Income Fund’s PE Ratio is greater than DWS Strategic Municipal Income Trust (18.79), less than MFS Investment Grade Municipal Trust (44.38), greater than Eaton Vance Municipal Income Trust (23.53), greater than Western Asset Municipal Partners Fund Inc. (-3.83), greater than DTF Tax-Free Income 2028 Term Fund Inc. (-69.07),

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