Invesco High Income 2023 Target Term Fund P/E Ratio

Invesco High Income 2023 Target Term Fund posts a P/E ratio of -27.68. That is below the sector sector average of 34.56. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

For its sector stocks, a P/E ratio near 34.56 is typical. Invesco High Income 2023 Target Term Fund's -27.68 is lower that level. That is roughly 180.1% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Invesco High Income 2023 Target Term Fund's P/E ratio of -27.68 comes from dividing a price-based measure by a related financial statistic. Changes can come from the stock price moving, the underlying fundamental shifting, or both. Track both the level and the trend — a rising multiple on falling fundamentals is a different story than a rising multiple on rising earnings.

Context for IHIT's P/E ratio usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 34.56), and (3) consistency with growth and profitability. This page covers the first two; Invesco High Income 2023 Target Term Fund's other metric pages and overview cover the third.