The New America High Income Fund Inc.

The New America High Income Fund Inc.verified

HYB

Price:

$8.275

Market Cap:

$193.43M

The New America High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc. The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e. junk bonds rated BB or lower by S&P or Ba or lower by Moody. It benchmarks the performance of its portfolio against the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index. The New America High Income Fund Inc. was formed on November 19, 1987 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1988-02-19

Stock Exchange

NYSE

Ticker

HYB

The PE Ratio as of September 2024 (TTM) for The New America High Income Fund Inc. (HYB) is 9.85

According to The New America High Income Fund Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 9.85. This represents a change of 49.33% compared to the average of 6.60 of the last 4 quarters.

The New America High Income Fund Inc. (HYB) Historical PE Ratio (quarterly & annually)

How has HYB PE Ratio performed in the past?

The mean historical PE Ratio of The New America High Income Fund Inc. over the last ten years is 5.19. The current 9.85 PE Ratio has changed 18.87% with respect to the historical average. Over the past ten years (40 quarters), HYB's PE Ratio was at its highest in in the September 2021 quarter at 24.25. The PE Ratio was at its lowest in in the March 2018 quarter at -17.29.

Quarterly (TTM)
Annual

Average

5.19

Median

5.49

Minimum

-17.30

Maximum

26.22

The New America High Income Fund Inc. (HYB) PE Ratio by Quarter and Year

Discovering the peaks and valleys of The New America High Income 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 = 294.02%

Maximum Annual PE Ratio = 26.22

Minimum Annual Increase = -242.20%

Minimum Annual PE Ratio = -17.30

Quarterly (TTM)
Annual
YearPE RatioChange
20235.85-242.20%
2022-4.11-129.27%
202114.06-30.41%
202020.20294.02%
20195.13-140.88%
2018-12.54-234.74%
20179.3181.83%
20165.12-129.60%
2015-17.30-165.95%
201426.22159.15%

The New America High Income Fund Inc. (HYB) Average PE Ratio

How has HYB PE Ratio performed in the past?

The current PE Ratio of The New America High Income Fund Inc. (HYB) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

5.26

5-year avg

8.22

10-year avg

5.19

The New America High Income Fund Inc. (HYB) PE Ratio vs. Peers

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

The New America High Income Fund Inc.’s PE Ratio is less than Pioneer Municipal High Income Advantage Fund, Inc. (55.78), less than DWS Municipal Income Trust (35.78), greater than RiverNorth Capital and Income Fund, Inc. (8.56), greater than Putnam Managed Municipal Income Trust (6.68), less than Legg Mason BW Global Income Opportunities Fund Inc. (11.05), greater than Western Asset Global High Income Fund Inc. (5.51), greater than Nuveen Senior Income Fund (-16.65), greater than Pioneer Floating Rate Fund, Inc. (9.28), greater than Nuveen Core Equity Alpha Fund (5.43), greater than Pioneer High Income Fund, Inc. (3.03), less than Virtus Global Multi-Sector Income Fund (10.47), greater than Invesco California Value Municipal Income Trust (4.58), greater than Invesco Senior Income Trust (6.29), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (33.91), greater than Eagle Point Credit Company Inc. (7.90), greater than Mexico Equity & Income Fund Inc. (3.17), less than Nuveen Real Asset Income and Growth Fund (16.37), less than MFS Investment Grade Municipal Trust (28.45), greater than Invesco High Income 2024 Target Term Fund (3.77), greater than Invesco High Income 2023 Target Term Fund (-39.27), less than BlackRock MuniHoldings New York Quality Fund, Inc. (26.19), greater than Virtus Convertible & Income 2024 Target Term Fund (0),

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