BlackRock Floating Rate Income Strategies Fund, Inc.

BlackRock Floating Rate Income Strategies Fund, Inc.verified

FRA

Price:

$12.93

Market Cap:

$455.55M

BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-10-29

Stock Exchange

NYSE

Ticker

FRA

The PE Ratio as of September 2024 (TTM) for BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) is 7.31

According to BlackRock Floating Rate Income Strategies Fund, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 7.31. This represents a change of 46.47% compared to the average of 4.99 of the last 4 quarters.

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Historical PE Ratio (quarterly & annually)

How has FRA PE Ratio performed in the past?

The mean historical PE Ratio of BlackRock Floating Rate Income Strategies Fund, Inc. over the last ten years is 20.11. The current 7.31 PE Ratio has changed 3.53% with respect to the historical average. Over the past ten years (40 quarters), FRA's PE Ratio was at its highest in in the November 2018 quarter at 95.60. The PE Ratio was at its lowest in in the November 2015 quarter at -11.90.

Quarterly (TTM)
Annual

Average

20.11

Median

17.55

Minimum

-29.21

Maximum

67.28

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) PE Ratio by Quarter and Year

Discovering the peaks and valleys of BlackRock Floating Rate Income Strategies Fund, Inc. 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 = 138.29%

Maximum Annual PE Ratio = 67.28

Minimum Annual Increase = -280.48%

Minimum Annual PE Ratio = -29.21

Quarterly (TTM)
Annual
YearPE RatioChange
20237.11-124.35%
2022-29.21-280.48%
202116.19-75.94%
202067.28117.08%
201930.9963.94%
201818.9029.66%
201714.58-33.88%
201622.05-41.19%
201537.49138.29%
201415.7335.14%

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Average PE Ratio

How has FRA PE Ratio performed in the past?

The current PE Ratio of BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-1.97

5-year avg

18.47

10-year avg

20.11

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) PE Ratio vs. Peers

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

BlackRock Floating Rate Income Strategies Fund, Inc.’s PE Ratio is greater than BlackRock Floating Rate Income Trust (4.44), greater than Nuveen Floating Rate Income Opportunity Fund (-30.31), greater than Eaton Vance Floating-Rate Income Trust (4.16), less than Eaton Vance Senior Floating-Rate Trust (8.75), less than Nuveen Floating Rate Income Fund (8.33),

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