VTN's PB Ratio is ranked worse than 60.71% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs VTN: 1.01
During the past 12 months, Invesco Trust For Investment Grade New York Municipals's average Book Value Per Share Growth Rate was -4.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Invesco Trust For Investment Grade New York Municipals was 0.20% per year. The lowest was -8.10% per year. And the median was -3.30% per year.
Back to Basics: PB Ratio
Invesco Trust For Investment Grade New York Municipals (NYSE:VTN) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Invesco Trust For Investment Grade New York Municipals PB Ratio Related Terms
Invesco Trust For Investment Grade New York Municipals PB Ratio Historical Data
* 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.
Invesco Trust For Investment Grade New York Municipals PB Ratio Chart
Invesco Trust For Investment Grade New York Municipals Annual Data
* 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.
Invesco Trust For Investment Grade New York Municipals PB Ratio vs Asset Management Industry
Invesco Trust For Investment Grade New York Municipals PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Invesco Trust For Investment Grade New York Municipals (VTN) has a PB Ratio of 1.01 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Invesco Trust For Investment Grade New York Municipals and its competitors. This is 13% above median its historical median of 0.89. Over the past decade, Invesco Trust For Investment Grade New York Municipals' PB Ratio has ranged from 0.65 to 1.03. According to the industry distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #975 out of 1606 companies in the Asset Management industry, placing it in the top 60.7%.
Is Invesco Trust For Investment Grade New York Municipals' PB Ratio too high?
Invesco Trust For Investment Grade New York Municipals' current PB Ratio of 1.01 is 13% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.03. The Asset Management industry median PB Ratio is 0.95. Invesco Trust For Investment Grade New York Municipals' value of 1.01 is 6.3% above this industry median. Based on the distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #975 out of 1606 companies in the Asset Management industry, which is below the industry midpoint. Overall, Invesco Trust For Investment Grade New York Municipals has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Invesco Trust For Investment Grade New York Municipals' PB Ratio compare to NNY and GLQ?
According to the Asset Management industry distribution chart, Invesco Trust For Investment Grade New York Municipals ranks #975 out of 1606 companies for PB Ratio. This places Invesco Trust For Investment Grade New York Municipals in the lower half of its industry. The industry median PB Ratio is 0.95. Invesco Trust For Investment Grade New York Municipals' value of 1.01 is 6.3% above this benchmark. Historically, Invesco Trust For Investment Grade New York Municipals' own PB Ratio has ranged from 0.65 to 1.03 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.95, Invesco Trust For Investment Grade New York Municipals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,606 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Invesco Trust For Investment Grade New York Municipals's current PB Ratio of 1.01 is 6.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Invesco Trust For Investment Grade New York Municipals and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invesco Trust For Investment Grade New York Municipals's current PB Ratio is 1.01, which is 13% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco Trust For Investment Grade New York Municipals stock overvalued right now?
Invesco Trust For Investment Grade New York Municipals (VTN) has a current PB Ratio of 1.01. The current PB Ratio is 1.01, which is 13% above median its 10-year median of 0.89 and 6.3% above the Asset Management industry median of 0.95. Invesco Trust For Investment Grade New York Municipals' overall GF Score™ is 33/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Invesco Trust For Investment Grade New York Municipals (VTN), the current PB Ratio is 1.01 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Invesco Trust For Investment Grade New York Municipals Business Description
Invesco Trust For Investment Grade New York Municipals is a diversified closed-end management investment company. Its objective is to provide common shareholders with a high level of current income exempt from federal as well as from New York State and New York City income taxes, consistent with preservation of capital.
33GF Score
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