First Trust High Income Long Short Fund P/E Ratio

First Trust High Income Long Short Fund (FSD) currently reports a P/E ratio of 21.44. That is below the sector sector average of 35.6. Use the charts on this page to explore First Trust High Income Long Short Fund's P/E ratio history and peer comparisons.

First Trust High Income Long Short Fund's P/E ratio of 21.44 is lower than the its sector sector average of 35.6. That is roughly 39.8% 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 High Income Long Short Fund's market price to a fundamental measure such as earnings, sales, or book value. At 21.44, FSD 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 21.44, then check the historical chart for trend and the peer comparison chart for relative positioning. The sector average is 35.6. From there, open related valuation or income-statement pages for First Trust High Income Long Short Fund, and consider following FSD for alerts when major investors trade the stock.