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Delaware Investments Natl Muniome PE Ratio

: 8.26 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-05-22), Delaware Investments Natl Muniome's share price is $11.07. Delaware Investments Natl Muniome's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.34. Therefore, Delaware Investments Natl Muniome's PE Ratio for today is 8.26.


The historical rank and industry rank for Delaware Investments Natl Muniome's PE Ratio or its related term are showing as below:

VFL' s PE Ratio Range Over the Past 10 Years
Min: 6.48   Med: 8.31   Max: 20.27
Current: 8.26


During the past 11 years, the highest PE Ratio of Delaware Investments Natl Muniome was 20.27. The lowest was 6.48. And the median was 8.31.


VFL's PE Ratio is ranked worse than
53.63% of 1406 companies
in the Asset Management industry
Industry Median: 7.59 vs VFL: 8.26

Delaware Investments Natl Muniome's Earnings per Share (Diluted) for the six months ended in Sep. 2021 was $0.57. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.34.

As of today (2022-05-22), Delaware Investments Natl Muniome's share price is $11.07. Delaware Investments Natl Muniome's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.34. Therefore, Delaware Investments Natl Muniome's PE Ratio without NRI for today is 8.26.

During the past 11 years, Delaware Investments Natl Muniome's highest PE Ratio without NRI was 20.27. The lowest was 6.48. And the median was 8.31.

Delaware Investments Natl Muniome's EPS without NRI for the six months ended in Sep. 2021 was $0.57. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.34.

During the past 12 months, Delaware Investments Natl Muniome's average EPS without NRI Growth Rate was 1213.70% per year. During the past 3 years, the average EPS without NRI Growth Rate was 39.20% per year.

During the past 11 years, Delaware Investments Natl Muniome's highest 3-Year average EPS without NRI Growth Rate was 60.00% per year. The lowest was -31.10% per year. And the median was -0.30% per year.

Delaware Investments Natl Muniome's EPS (Basic) for the six months ended in Sep. 2021 was $0.57. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.34.


Delaware Investments Natl Muniome PE Ratio Historical Data

The historical data trend for Delaware Investments Natl Muniome's PE Ratio 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.

* Premium members only.

Delaware Investments Natl Muniome Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only At Loss 20.03 18.13 At Loss 7.72

Delaware Investments Natl Muniome Semi-Annual Data
Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A At Loss N/A 7.72 At Loss

Competitive Comparison

For the Asset Management subindustry, Delaware Investments Natl Muniome's PE Ratio, along with its competitors' market caps and 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.

   

Delaware Investments Natl Muniome PE Ratio Distribution

For the Asset Management industry and Financial Services sector, Delaware Investments Natl Muniome's PE Ratio distribution charts can be found below:

* The bar in red indicates where Delaware Investments Natl Muniome's PE Ratio falls into.



Delaware Investments Natl Muniome PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Delaware Investments Natl Muniome's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=11.07/1.340
=8.26

Delaware Investments Natl Muniome's Share Price of today is $11.07.
For company reported semi-annually, Delaware Investments Natl Muniome's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.34.

* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Delaware Investments Natl Muniome  (AMEX:VFL) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Delaware Investments Natl Muniome PE Ratio Related Terms

Thank you for viewing the detailed overview of Delaware Investments Natl Muniome's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Delaware Investments Natl Muniome Business Description

Delaware Investments Natl Muniome logo
Industry
Financial Services » Asset Management NAICS : 523920 SIC : 6799
Traded in Other Exchanges
N/A
Address
610 Market Street, Philadelphia, PA, USA, 19106
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund seeks to provide current income exempt from regular federal income tax consistent with the preservation of capital.
Executives
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE SIOUX FALLS SD 57104
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET NEW YORK NY 10003
Toronto Dominion Bank 10 percent owner 66 WELLINGTON STREET WEST 15TH FLOOR, TD TOWER TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN SUITE 1950 HOUSTON TX 77010
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE WILMINGTON DE 19808
Van Roden Jake officer: SVP/Portfolio Manager 2005 MARKET STREET PHILADELPHIA PA 19103
Wood Christianna director 330 OLD Y ROAD GOLDEN CO 80401
Abernathy Jerome director 2005 MARKET STREET PHILADELPHIA PA 19103
Lytle Shawn director, officer: Trustee C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103
Borowiec Ann Dully director, officer: Board Member C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103
Chow Joseph W director STATE STREET CORP 225 FRANKLIN ST BOSTON MA 02110
Whitford Thomas K director 249 FIFTH AVE P1-POPP-30-1 PITTSBURGH PA 15222
Gizzi Gregory A. officer: VP/Portfolio Manager C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103
Sevilla-sacasa Frances Aldrich director 3 GREENWAY PLAZA SUITE 1300 HOUSTON TX 77046
Zecher Richard director 2 SUTTON PLACE SOUTH, 19A NEW YORK NY 10022

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