First Trust Mortgage Income Fund P/E Ratio

First Trust Mortgage Income Fund (FMY) currently reports a P/E ratio of 15.51. That is below the sector sector average of 22.75. Use the charts on this page to explore First Trust Mortgage Income Fund's P/E ratio history and peer comparisons.

First Trust Mortgage Income Fund's P/E ratio of 15.51 is lower than the its sector sector average of 22.75. That is roughly 31.8% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

The P/E ratio is a valuation multiple that relates First Trust Mortgage Income Fund's market price to a fundamental measure such as earnings, sales, or book value. At 15.51, FMY can look expensive or cheap only in context — versus its own history, growth rate, and sector peers. Higher multiples often price in stronger expected growth; lower ones can signal value or concern.

Start with the current P/E ratio of 15.51, then check the historical chart for trend and the peer comparison chart for relative positioning. The sector average is 22.75. From there, open related valuation or income-statement pages for First Trust Mortgage Income Fund, and consider following FMY for alerts when major investors trade the stock.