Tri-Continental Corporation

Tri-Continental Corporationverified

TY

Price:

$32.36

Market Cap:

$1.73B

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

TY

The PE Ratio as of September 2024 (TTM) for Tri-Continental Corporation (TY) is 5.97

According to Tri-Continental Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 5.97. This represents a change of 6.46% compared to the average of 5.61 of the last 4 quarters.

Tri-Continental Corporation (TY) Historical PE Ratio (quarterly & annually)

How has TY PE Ratio performed in the past?

The mean historical PE Ratio of Tri-Continental Corporation over the last ten years is -1.31. The current 5.97 PE Ratio has changed -45731.99% with respect to the historical average. Over the past ten years (40 quarters), TY's PE Ratio was at its highest in in the December 2022 quarter at 14.10. The PE Ratio was at its lowest in in the December 2015 quarter at -4.54.

Quarterly (TTM)
Annual

Average

-1.31

Median

4.82

Minimum

-34.54

Maximum

9.07

Tri-Continental Corporation (TY) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Tri-Continental Corporation 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 = 127.47%

Maximum Annual PE Ratio = 9.07

Minimum Annual Increase = -481.05%

Minimum Annual PE Ratio = -34.54

Quarterly (TTM)
Annual
YearPE RatioChange
20236.03-226.75%
2022-4.76-214.27%
20214.16-46.69%
20207.8176.24%
20194.43-125.70%
2018-17.24-431.06%
20175.21-22.83%
20166.75-119.54%
2015-34.54-481.05%
20149.07127.47%

Tri-Continental Corporation (TY) Average PE Ratio

How has TY PE Ratio performed in the past?

The current PE Ratio of Tri-Continental Corporation (TY) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.81

5-year avg

3.54

10-year avg

-1.31

Tri-Continental Corporation (TY) PE Ratio vs. Peers

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

Tri-Continental Corporation’s PE Ratio is greater than Eaton Vance Tax-Advantaged Global Dividend Income Fund (4.04), greater than BlackRock MuniYield Fund, Inc. (-7203.20), greater than Eaton Vance Tax-Advantaged Dividend Income Fund (4.43), less than Eaton Vance Tax-Managed Buy-Write Income Fund (7.17), greater than Nuveen California Select Tax-Free Income Portfolio (5.82), greater than Central Securities Corp. (4.41), greater than Invesco High Income 2024 Target Term Fund (3.76), less than BlackRock MuniVest Fund, Inc. (22.77), greater than Invesco High Income 2023 Target Term Fund (-39.27), less than DWS Municipal Income Trust (35.99), greater than BlackRock MuniYield Quality Fund, Inc. (-3026.49), greater than BlackRock Municipal Income Fund, Inc. (-841.17), less than Nuveen Municipal Credit Opportunities Fund (84.65), greater than Adams Diversified Equity Fund, Inc. (2.81), greater than SRH Total Return Fund, Inc. (5.29), less than Putnam Municipal Opportunities Trust (17.62), greater than Tortoise Energy Independence Fund, Inc. (3.46), greater than Invesco Municipal Trust (4.24), less than Invesco Trust for Investment Grade Municipals (8.10), less than Invesco Quality Municipal Income Trust (8.14), greater than Invesco Municipal Opportunity Trust (4.23), less than MFS High Income Municipal Trust (14.26),

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