RiverNorth Flexible Municipal Income Fund II, Inc.

RiverNorth Flexible Municipal Income Fund II, Inc.verified

RFMZ

Price:

$14.4802

Market Cap:

$352.62M

RiverNorth Flexible Municipal Income Fund II, Inc. operates as a closed-end management investment fund company. The Fund’s primary investment objective is current income exempt from regular U.S. federal income taxes and secondary investment objective is total return. The company was founded in June 11, 2020 and is headquartered in West Palm Beach, FL.[Read more]

Industry

Asset Management

IPO Date

2021-02-24

Stock Exchange

NYSE

Ticker

RFMZ

The PE Ratio as of September 2024 (TTM) for RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) is 11.05

According to RiverNorth Flexible Municipal Income Fund II, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 11.05. This represents a change of Infinity% compared to the average of 0 of the last 4 quarters.

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) Historical PE Ratio (quarterly & annually)

How has RFMZ PE Ratio performed in the past?

The mean historical PE Ratio of RiverNorth Flexible Municipal Income Fund II, Inc. over the last ten years is 4.58. The current 11.05 PE Ratio has changed 24.00% with respect to the historical average. Over the past ten years (40 quarters), RFMZ's PE Ratio was at its highest in in the December 2021 quarter at 0. The PE Ratio was at its lowest in in the December 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

4.58

Median

0

Minimum

-3.79

Maximum

22.12

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) PE Ratio by Quarter and Year

Discovering the peaks and valleys of RiverNorth Flexible Municipal Income Fund II, 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 = 0%

Maximum Annual PE Ratio = 22.12

Minimum Annual Increase = -Infinity%

Minimum Annual PE Ratio = -3.79

Quarterly (TTM)
Annual
YearPE RatioChange
20240-100.00%
202322.12-684.27%
2022-3.79-Infinity%

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) Average PE Ratio

How has RFMZ PE Ratio performed in the past?

The current PE Ratio of RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

6.11

5-year avg

4.58

10-year avg

4.58

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) PE Ratio vs. Peers

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

RiverNorth Flexible Municipal Income Fund II, Inc.’s PE Ratio is greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), less than BlackRock MuniHoldings New York Quality Fund, Inc. (26.27), greater than Puyi Inc. (-86.42), greater than Virtus Convertible & Income 2024 Target Term Fund (0), less than MFS Investment Grade Municipal Trust (28.45), less than BlackRock MuniVest Fund, Inc. (22.73), less than BlackRock MuniHoldings Quality Fund II, Inc. (23.27), less than DWS Municipal Income Trust (35.77), greater than BlackRock MuniHoldings Fund, Inc. (-1020.56), greater than Nuveen California Select Tax-Free Income Portfolio (5.79), greater than Invesco High Income 2024 Target Term Fund (3.77), greater than Eaton Vance National Municipal Opportunities Trust (9.04), less than Federated Hermes Premier Municipal Income Fund (26.65), less than DTF Tax-Free Income 2028 Term Fund Inc. (258.56), less than John Hancock Income Securities Trust (22.16),

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