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Virtus Convertible &ome 2024 Target Term Fund Shiller PE Ratio Chart
Virtus Convertible &ome 2024 Target Term Fund Annual Data
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Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Shiller PE Ratio
For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.
Virtus Convertible &ome 2024 Target Term Fund's Shiller PE Ratio Distribution in the Asset Management Industry
* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Shiller PE Ratio falls into.
Virtus Convertible &ome 2024 Target Term Fund Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Virtus Convertible &ome 2024 Target Term Fund does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate Shiller PE Ratio for this company.
Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Virtus Convertible &ome 2024 Target Term Fund Shiller PE Ratio Related Terms
Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description
AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.
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