FMN
Price:
$10.88
Market Cap:
$125.10M
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
According to Federated Hermes Premier Municipal Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 23.65. This represents a change of -16.06% compared to the average of 28.17 of the last 4 quarters.
The mean historical PE Ratio of Federated Hermes Premier Municipal Income Fund over the last ten years is 121.45. The current 23.65 PE Ratio has changed 1.85% 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.
Average
121.45
Median
19.16
Minimum
-3.98
Maximum
994.75
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
Year | PE Ratio | Change |
---|---|---|
2023 | 32.64 | -920.43% |
2022 | -3.98 | -121.16% |
2021 | 18.80 | -1.78% |
2020 | 19.14 | 131.86% |
2019 | 8.26 | -99.17% |
2018 | 994.75 | 4.25% |
2017 | 22.86 | -76.33% |
2016 | 96.57 | 403.73% |
2015 | 19.17 | 206.99% |
2014 | 6.25 | -161.38% |
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’s PE Ratio is greater than DWS Strategic Municipal Income Trust (18.79), less than MFS Investment Grade Municipal Trust (43.12), greater than Eaton Vance Municipal Income Trust (22.56), greater than Western Asset Municipal Partners Fund Inc. (-3.83), greater than DTF Tax-Free Income 2028 Term Fund Inc. (-66.62),
Company | PE Ratio | Market cap |
---|---|---|
18.79 | $111.31M | |
43.12 | $64.49M | |
22.56 | $395.08M | |
-3.83 | $102.83M | |
-66.62 | $76.34M |
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