The historical rank and industry rank for Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow or its related term are showing as below:
EMI'
s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 39.59 Med: 41.46 Max: 141.85
Current: 133.18
During the past 8 years, Eaton Vance Michigan Muniome Trust's highest Price-to-Free-Cash-Flow Ratio was 141.85. The lowest was 39.59. And the median was 41.46.
EMI's Price-to-Free-Cash-Flow is not ranked
in the Asset Management industry.
Industry Median: 12.72
vs EMI: 133.18
* 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.
Competitive Comparison of Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow
For the Asset Management subindustry, Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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.
Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow falls into.
Eaton Vance Michigan Muniome Trust's Share Price of today is $12.35.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Eaton Vance Michigan Muniome Trust's Free Cash Flow per Share for the trailing twelve months (TTM) ended in May. 2018 was $0.44.
* 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:
Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.
In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.
Be Aware
In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.
Eaton Vance Michigan Muniome Trust Price-to-Free-Cash-Flow Related Terms
Thank you for viewing the detailed overview of Eaton Vance Michigan Muniome Trust's Price-to-Free-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
Eaton Vance Michigan Muni Income Trust is a non-diversified closed-end investment company. The Company's investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state.
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