Mexico Equity & Income Fund Inc.

Mexico Equity & Income Fund Inc.verified

MXE

Price:

$9.05

Market Cap:

$39.82M

Mexico Equity & Income Fund Inc. is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, S.A. de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the Mexbol and MSCI Mexico Index. Mexico Equity & Income Fund Inc. was formed on May 24, 1990 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1990-08-15

Stock Exchange

NYSE

Ticker

MXE

The PE Ratio as of September 2024 (TTM) for Mexico Equity & Income Fund Inc. (MXE) is 4.79

According to Mexico Equity & Income Fund Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 4.79. This represents a change of -10.10% compared to the average of 5.33 of the last 4 quarters.

Mexico Equity & Income Fund Inc. (MXE) Historical PE Ratio (quarterly & annually)

How has MXE PE Ratio performed in the past?

The mean historical PE Ratio of Mexico Equity & Income Fund Inc. over the last ten years is -0.07. The current 4.79 PE Ratio has changed -714295.72% with respect to the historical average. Over the past ten years (40 quarters), MXE's PE Ratio was at its highest in in the April 2016 quarter at 30.70. The PE Ratio was at its lowest in in the October 2021 quarter at -12.91.

Quarterly (TTM)
Annual

Average

-0.07

Median

-0.97

Minimum

-30.00

Maximum

39.83

Mexico Equity & Income Fund Inc. (MXE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Mexico Equity & 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 = 144.59%

Maximum Annual PE Ratio = 39.83

Minimum Annual Increase = -1038.95%

Minimum Annual PE Ratio = -30.00

Quarterly (TTM)
Annual
YearPE RatioChange
20232.39-121.84%
2022-10.95-577.09%
20212.29-94.24%
202039.83-1038.95%
2019-4.24-85.86%
2018-30.00-445.96%
20178.67-173.20%
2016-11.85103.44%
2015-5.82-164.72%
20149.00144.59%

Mexico Equity & Income Fund Inc. (MXE) Average PE Ratio

How has MXE PE Ratio performed in the past?

The current PE Ratio of Mexico Equity & Income Fund Inc. (MXE) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

-2.09

5-year avg

5.87

10-year avg

-0.07

Mexico Equity & Income Fund Inc. (MXE) PE Ratio vs. Peers

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

Mexico Equity & Income Fund Inc.’s PE Ratio is less than The Korea Fund, Inc. (4.83), less than Western Asset Global High Income Fund Inc. (5.51), less than The New Germany Fund, Inc. (12.37), less than MFS Charter Income Trust (7.98), greater than Nuveen Core Plus Impact Fund (0), less than PIMCO New York Municipal Income Fund III (20.35), less than BlackRock MuniHoldings Quality Fund II, Inc. (23.29), less than Nuveen Pennsylvania Quality Municipal Income Fund (9.68), less than Eaton Vance New York Municipal Bond Fund (21.41), less than PIMCO New York Municipal Income Fund (8.10), less than Neuberger Berman Municipal Fund Inc. (18.44), greater than Invesco Trust for Investment Grade New York Municipals (4.79), less than Eaton Vance New York Municipal Income Trust (16.56), less than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (33.91), less than The New America High Income Fund Inc. (4.92), less than Eagle Point Credit Company Inc. (7.90), less than Nuveen Real Asset Income and Growth Fund (16.38), greater than The Central and Eastern Europe Fund, Inc. (4.09), greater than The Taiwan Fund, Inc. (1.75), greater than The European Equity Fund, Inc. (3.91), greater than Abrdn Japan Equity Fund Inc (4.51),

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