Virtus Equity & Convertible Income Fund

Virtus Equity & Convertible Income Fundverified

NIE

Price:

$22.09

Market Cap:

$612.09M

Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make ...[Read more]

Industry

Asset Management - Income

IPO Date

2007-02-23

Stock Exchange

NYSE

Ticker

NIE

The PE Ratio as of September 2024 (TTM) for Virtus Equity & Convertible Income Fund (NIE) is 6.52

According to Virtus Equity & Convertible Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 6.52. This represents a change of Infinity% compared to the average of 0 of the last 4 quarters.

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

How has NIE PE Ratio performed in the past?

The mean historical PE Ratio of Virtus Equity & Convertible Income Fund over the last ten years is -2.73. The current 6.52 PE Ratio has changed -23952.44% with respect to the historical average. Over the past ten years (40 quarters), NIE's PE Ratio was at its highest in in the July 2018 quarter at 7.39. The PE Ratio was at its lowest in in the January 2019 quarter at -44.61.

Quarterly (TTM)
Annual

Average

-2.73

Median

3.56

Minimum

-44.61

Maximum

10.53

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

Discovering the peaks and valleys of Virtus Equity & 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 = 124.28%

Maximum Annual PE Ratio = 10.53

Minimum Annual Increase = -1007.12%

Minimum Annual PE Ratio = -44.61

Quarterly (TTM)
Annual
YearPE RatioChange
20246.29-221.31%
2023-5.19-26.00%
2022-7.01-166.57%
202110.5376.54%
20205.96-113.37%
2019-44.61-1007.12%
20184.92124.28%
20172.19-139.55%
2016-5.54-208.31%
20155.1278.01%

Virtus Equity & Convertible Income Fund (NIE) Average PE Ratio

How has NIE PE Ratio performed in the past?

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

3-year avg

-1.97

5-year avg

2.12

10-year avg

-2.73

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

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

Virtus Equity & Convertible Income Fund’s PE Ratio is less than RiverNorth Opportunistic Municipal Income Fund, Inc. (16.66), greater than BlackRock Municipal Income Fund, Inc. (-847.96), less than BlackRock MuniHoldings New York Quality Fund, Inc. (25.60), greater than Nuveen New York Quality Municipal Income Fund (4.77), less than DWS Municipal Income Trust (35.40), greater than Virtus Convertible & Income 2024 Target Term Fund (0), less than Eaton Vance National Municipal Opportunities Trust (8.84), greater than Invesco High Income 2024 Target Term Fund (3.78), greater than Nuveen California Select Tax-Free Income Portfolio (5.78), greater than Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (3.72), greater than Eaton Vance Risk-Managed Diversified Equity Income Fund (4.45), greater than BlackRock MuniHoldings Fund, Inc. (-989.62), less than DTF Tax-Free Income 2028 Term Fund Inc. (257.10), greater than Eaton Vance Floating-Rate Income Trust (4.16), greater than Cohen & Steers Closed-End Opportunity Fund, Inc. (6.26), greater than Abrdn Emerging Markets Equity Income Fund Inc (2.59), greater than Eaton Vance Senior Income Trust (1.92), less than BlackRock Capital Allocation Trust (9.17), less than MFS Investment Grade Municipal Trust (28.07),

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