Virtus Convertible & Income Fund

Virtus Convertible & Income Fundverified

NCV

Price:

$3.415

Market Cap:

$308.63M

Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as...[Read more]

Industry

Asset Management - Income

IPO Date

2003-03-31

Stock Exchange

NYSE

Ticker

NCV

The PE Ratio as of September 2024 (TTM) for Virtus Convertible & Income Fund (NCV) is 37.94

According to Virtus Convertible & Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 37.94. This represents a change of -1110.77% compared to the average of -3.75 of the last 4 quarters.

Virtus Convertible & Income Fund (NCV) Historical PE Ratio (quarterly & annually)

How has NCV PE Ratio performed in the past?

The mean historical PE Ratio of Virtus Convertible & Income Fund over the last ten years is 59.03. The current 37.94 PE Ratio has changed 6.33% with respect to the historical average. Over the past ten years (40 quarters), NCV's PE Ratio was at its highest in in the November 2019 quarter at 72.55. The PE Ratio was at its lowest in in the October 2022 quarter at -55.69.

Quarterly (TTM)
Annual

Average

59.03

Median

3.30

Minimum

-76.09

Maximum

609.99

Virtus Convertible & Income Fund (NCV) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Virtus Convertible & 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 = 9.84%

Maximum Annual PE Ratio = 609.99

Minimum Annual Increase = -Infinity%

Minimum Annual PE Ratio = -76.09

Quarterly (TTM)
Annual
YearPE RatioChange
202435.09-896.49%
2023-4.41-Infinity%
20220-100.00%
20213.39-66.87%
202010.24-113.46%
2019-76.09-768.27%
201811.39255.24%
20173.21-229.93%
2016-2.47-100.40%
2015609.999.84%

Virtus Convertible & Income Fund (NCV) Average PE Ratio

How has NCV PE Ratio performed in the past?

The current PE Ratio of Virtus Convertible & Income Fund (NCV) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

10.23

5-year avg

8.86

10-year avg

59.03

Virtus Convertible & Income Fund (NCV) PE Ratio vs. Peers

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

Virtus Convertible & Income Fund’s PE Ratio is greater than BlackRock MuniVest Fund, Inc. (22.73), greater than MFS High Income Municipal Trust (14.37), greater than Nuveen Senior Income Fund (-16.65), greater than Franklin Limited Duration Income Trust (5.18), greater than Clough Global Equity Fund (6.44), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than MFS Investment Grade Municipal Trust (28.45), greater than Eaton Vance Senior Income Trust (3.54), greater than BlackRock Municipal Income Fund, Inc. (-843.89), less than Nuveen Dynamic Municipal Opportunities Fund (41.97), greater than BlackRock MuniYield Quality Fund, Inc. (-3034.63), greater than DWS Municipal Income Trust (35.77), greater than BlackRock MuniYield Quality Fund III, Inc. (21.24), greater than Abrdn Income Credit Strategies Fund (4.86), greater than Special Opportunities Fund, Inc. (6.07), greater than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (7.27), greater than Clough Global Dividend and Income Fund (27.69), greater than PGIM Global High Yield Fund, Inc (10.52), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (4.75),

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