Western Asset High Income Opportunity Fund Inc.

Western Asset High Income Opportunity Fund Inc.verified

HIO

Price:

$3.96

Market Cap:

$376.59M

Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income O...[Read more]

Industry

Asset Management - Income

IPO Date

1993-11-16

Stock Exchange

NYSE

Ticker

HIO

The PE Ratio as of September 2024 (TTM) for Western Asset High Income Opportunity Fund Inc. (HIO) is 11.00

According to Western Asset High Income Opportunity Fund Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 11.00. This represents a change of -0.87% compared to the average of 11.10 of the last 4 quarters.

Western Asset High Income Opportunity Fund Inc. (HIO) Historical PE Ratio (quarterly & annually)

How has HIO PE Ratio performed in the past?

The mean historical PE Ratio of Western Asset High Income Opportunity Fund Inc. over the last ten years is 13.39. The current 11.00 PE Ratio has changed 8.12% with respect to the historical average. Over the past ten years (40 quarters), HIO's PE Ratio was at its highest in in the June 2014 quarter at 308.14. The PE Ratio was at its lowest in in the December 2017 quarter at -89.28.

Quarterly (TTM)
Annual

Average

13.39

Median

12.75

Minimum

-11.23

Maximum

40.00

Western Asset High Income Opportunity Fund Inc. (HIO) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Western Asset High Income Opportunity 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 = 271.36%

Maximum Annual PE Ratio = 40.00

Minimum Annual Increase = -389.49%

Minimum Annual PE Ratio = -11.23

Quarterly (TTM)
Annual
YearPE RatioChange
202312.31-389.49%
2022-4.25-144.26%
20219.61-71.92%
202034.23159.53%
201913.19-67.03%
201840.00271.36%
201710.77-24.97%
201614.35-227.82%
2015-11.23-175.46%
201414.8834.17%

Western Asset High Income Opportunity Fund Inc. (HIO) Average PE Ratio

How has HIO PE Ratio performed in the past?

The current PE Ratio of Western Asset High Income Opportunity Fund Inc. (HIO) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.89

5-year avg

13.02

10-year avg

13.39

Western Asset High Income Opportunity Fund Inc. (HIO) PE Ratio vs. Peers

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

Western Asset High Income Opportunity Fund Inc.’s PE Ratio is less than Western Asset Global Corporate Defined Opportunity Fund Inc. (21.27), greater than Western Asset Global High Income Fund Inc. (2.88), greater than The European Equity Fund, Inc. (3.21), less than John Hancock Investments - John Hancock Tax-Advantaged Global Shareholder Yield Fund (24.94), greater than Western Asset High Income Fund II Inc. (2.33), greater than Western Asset High Yield Defined Opportunity Fund Inc. (6.00), greater than BlackRock Debt Strategies Fund, Inc. (3.95), greater than Western Asset Diversified Income Fund (6.40), greater than BNY Mellon High Yield Strategies Fund (1.16), greater than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (3.53), greater than Virtus Convertible & Income Fund II (1.48), greater than Invesco Bond Fund (8.34), greater than Voya Global Equity Dividend and Premium Opportunity Fund (2.51), less than Western Asset Investment Grade Income Fund Inc. (16.43), greater than Special Opportunities Fund, Inc. (5.86), greater than Eaton Vance Risk-Managed Diversified Equity Income Fund (4.45), greater than Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (3.72), less than BlackRock MuniVest Fund, Inc. (22.30), greater than Neuberger Berman MLP and Energy Income Fund Inc. (3.75),

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