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Peter Lynch Fair Value applies to growing companies. The ideal range for the growth rate is between 10 - 20% a year. Peter Lynch thinks that the fair P/E value for a growth company equals its growth rate, that is PEG = 1. The earnings here is trailing twelve month (TTM) earnings. For non-bank companies, the growth rate we use is the average growth rate for EBITDA per share over the past 5 years. For Banks, the growth rate we use is the average growth rate for Book Value per share over the past 5 years. If 5-Year Growth Rate is greater than 25% a year, we use 25. If 5-Year Growth Rate is smaller than 5% a year, we do not calculate Peter Lynch Fair Value.
The historical rank and industry rank for Managed Duration Investment Grade Municipal Fund's Peter Lynch Fair Value or its related term are showing as below:
Note: Please don't confuse Peter Lynch Fair Value with the value reached in Peter Lynch Chart.
The historical data trend for Managed Duration Investment Grade Municipal Fund's Peter Lynch Fair Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Managed Duration Investment Grade Municipal Fund Annual Data | |||||
Trend | Jul17 | Mar18 | |||
Peter Lynch Fair Value | - | - |
Managed Duration Investment Grade Municipal Fund Semi-Annual Data | ||
Jul17 | Jan18 | |
Peter Lynch Fair Value | - | - |
For the Asset Management subindustry, Managed Duration Investment Grade Municipal Fund's Price-to-Peter-Lynch-Fair-Value, along with its competitors' market caps and Price-to-Peter-Lynch-Fair-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Managed Duration Investment Grade Municipal Fund's Price-to-Peter-Lynch-Fair-Value distribution charts can be found below:
* The bar in red indicates where Managed Duration Investment Grade Municipal Fund's Price-to-Peter-Lynch-Fair-Value falls into.
Managed Duration Investment Grade Municipal Fund's Peter Lynch Fair Value for today is calculated as
Peter Lynch Fair Value | = | PEG Ratio | * | 5-Year TTM Book Value Growth Rate** | * | EPS without NRI (TTM) |
= | 1 | * | N/A | * | 0 | |
= | N/A |
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Managed Duration Investment Grade Municipal Fund's EPS without NRI for the trailing twelve months (TTM) ended in Jan. 2018 was $0.00.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Please be aware that the 5-Year TTM Book Value Growth Rate is calculated based on TTM data over the last 5 years. For quarterly reported companies, the TTM data is the latest quarter data. For companies that report semi-annually, annually, or do not have enough quarterly data, GuruFocus uses the annual data as the TTM data.
If 5-Year Earnings Growth Rate is greater than 25% a year, we use 25.
If 5-Year Earnings Growth Rate is smaller than 5% a year, we do not calculate Peter Lynch Fair Value.
Please note that we use the 5-year average growth rate of EBITDA per share as the growth rate for non-bank companies, as EBITDA growth is subject to less manipulations than net earnings per share. For banks, we use the 5-year average growth rate of Book Value per share as the growth rate. The reason is that EBITDA is not applicable to Banks and Book value is a relative important measurement for Banks. In the calculation, PEG=1 because Peter Lynch thinks that the fair P/E ratio of the growth stock is equal to its earnings growth rate.
Managed Duration Investment Grade Municipal Fund (NYSE:MZF) Peter Lynch Fair Value Explanation
Peter Lynch Fair Value applies to growing companies. The ideal range for the growth rate is between 10 - 20% a year.
Peter Lynch thinks that the fair P/E value for a growth company equals its growth rate, that is PEG = 1. The earnings here is trailing twelve month (TTM) earnings. For non-bank companies, the growth rate we use is the average growth rate for EBITDA per share over the past 5 years. For Banks, the growth rate we use is the average growth rate for Book Value per share over the past 5 years.
Please don't confuse Peter Lynch Fair Value with the value reached in Peter Lynch Chart. In Peter Lynch chart, a fixed P/E ratio of 15 is used to draw the Earnings Line. Therefore the value reached has a P/E ratio of 15. But in Peter Lynch Fair Value calculation, P/E equals to the growth rate of Book Value per share over the past 5 years, which is 0 instead of 15 in this case.
Managed Duration Investment Grade Municipal Fund's Price to Peter Lynch Fair Value Ratio for today is calculated as
Price to Peter Lynch Fair Value | = | Share Price | / | Peter Lynch Fair Value |
= | 14.33 | / | N/A | |
= | N/A |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Managed Duration Investment Grade Municipal Fund's Peter Lynch Fair Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Karpus Management, Inc. | 10 percent owner | 183 SULLY'S TRAIL, PITTSFORD NY 14534 |
George W Karpus | 10 percent owner | |
David Lebisky | officer: Chief Compliance Officer | 11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025 |
Wells Fargo Municipal Capital Strategies, Llc | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Wells Fargo & Company/mn | 10 percent owner | 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163 |
Bank Of America Na | 10 percent owner | 100 N. TRYON STREET, CHARLOTTE NC 28255 |
Blue Ridge Investments, L.l.c. | 10 percent owner | ONE BRYANT PARK, NEW YORK NY 10036 |
Suzanne P. Welsh | director | C/O MBIA INC., 113 KING STREET, ARMONK NY 10504 |
Ellen D Harvey | director | |
Lisa R Grosswirth | officer: Secretary | 2 HANSON PLACE, 12TH FLOOR, BROOKLYN NY 11217 |
Thomas Stabile | officer: Treasurer | 200 PARK AVE, 7TH FLOOR, NEW YORK NY 10166 |
Thomas Edgar Spock | director | 43 STONEYSIDE DRIVE, LARCHMONT NY 10538 |
Robin J. Shulman | officer: Chief Compliance Officer | 200 PARK AVE, 7TH FLOOR, NEW YORK X1 19103 |
Adam J Nelson | officer: Assistant Treasurer | 227 WEST MONROE STREET, CHICAGO IL 60606 |
Michael P Megaris | officer: Assistant Secretary | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
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