Invesco Trust for Investment Grade Municipals

Invesco Trust for Investment Grade Municipalsverified

VGM

Price:

$10.635

Market Cap:

$576.76M

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfoli...[Read more]

Industry

Asset Management

IPO Date

1992-02-19

Stock Exchange

NYSE

Ticker

VGM

The PE Ratio as of September 2024 (TTM) for Invesco Trust for Investment Grade Municipals (VGM) is 12.22

According to Invesco Trust for Investment Grade Municipals’s latest financial reports and current stock price. The company's current PE Ratio is 12.22. This represents a change of -7.89% compared to the average of 13.27 of the last 4 quarters.

Invesco Trust for Investment Grade Municipals (VGM) Historical PE Ratio (quarterly & annually)

How has VGM PE Ratio performed in the past?

The mean historical PE Ratio of Invesco Trust for Investment Grade Municipals over the last ten years is 13.43. The current 12.22 PE Ratio has changed 9.00% with respect to the historical average. Over the past ten years (40 quarters), VGM's PE Ratio was at its highest in in the February 2019 quarter at 39.93. The PE Ratio was at its lowest in in the May 2015 quarter at -7415.16.

Quarterly (TTM)
Annual

Average

13.43

Median

14.46

Minimum

-259.92

Maximum

189.98

Invesco Trust for Investment Grade Municipals (VGM) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Invesco Trust for Investment Grade Municipals 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 = 1.28%

Maximum Annual PE Ratio = 189.98

Minimum Annual Increase = -345.39%

Minimum Annual PE Ratio = -259.92

Quarterly (TTM)
Annual
YearPE RatioChange
202411.32-299.20%
2023-5.68-97.81%
2022-259.92-345.39%
2021105.921.28%
20207.66-77.72%
201934.4037.21%
201825.07-86.80%
2017189.98979.76%
201617.59122.40%
20157.91-120.65%

Invesco Trust for Investment Grade Municipals (VGM) Average PE Ratio

How has VGM PE Ratio performed in the past?

The current PE Ratio of Invesco Trust for Investment Grade Municipals (VGM) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-84.76

5-year avg

-28.14

10-year avg

13.43

Invesco Trust for Investment Grade Municipals (VGM) PE Ratio vs. Peers

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

Invesco Trust for Investment Grade Municipals’s PE Ratio is greater than Invesco Municipal Income Opportunities Trust (3.00), less than DWS Municipal Income Trust (35.77), less than MFS Municipal Income Trust (22.46), less than MFS High Income Municipal Trust (14.37), greater than BlackRock MuniYield Fund, Inc. (-7200.07), greater than Invesco Municipal Trust (4.27), greater than Invesco Quality Municipal Income Trust (8.22), greater than Invesco Municipal Opportunity Trust (4.28), greater than Invesco Advantage Municipal Income Trust II (4.63), greater than Invesco California Value Municipal Income Trust (4.59), greater than BlackRock MuniHoldings Fund, Inc. (-1020.56),

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