AllianceBernstein National Municipal Income Fund Inc (AFB)
FairStock Score: 38/100 — MIXED
Key Financials
| Current Price | $10.13 |
| Market Cap | $315M |
| P/E Ratio | 12.66 |
| ROE | 6.82% |
| Dividend Yield | 5.96% |
| Sector | Financial Services |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
AllianceBernstein National Municipal Income Fund is a closed-end fund, not an operating business, so I look at asset quality, leverage, distribution sustainability, and price versus book value. It invests primarily in investment-grade U.S. municipal bonds rated Baa/BBB or higher and seeks federal-tax-exempt interest; that mandate and AllianceBernstein's management are modest advantages, but they do not create a wide moat. At the $10.13 close on 2026-10-26, FairStock calculates a P/E of 12.66, P/B of 0.84, Graham Number of $14.82, and margin of safety of 33.13%. Those price-based figures suggest the shares are inexpensive, and a 5.96% dividend yield with beta 0.67 adds appeal. But Graham would ask what the cheapness is compensating for. FairStock's ROE is 6.82% and ROCE 2.70%, both low; the Piotroski F-score is 1/9, the Altman Z-score 0.67, and the overall FairStock Score 38/100. Debt/equity of 0.67 matters for a bond fund because leverage magnifies both income and losses. I cannot assess revenue or profit growth from the supplied data; the Lynch category is none because there are only 0 years of filed results and three are needed. So this looks like a statistically cheap, tax-exempt municipal fund with a weak health profile and an unproven multi-year record. The margin of safety is real only if credit and leverage risks stay contained.
In plain English: AllianceBernstein National Municipal Income Fund is a closed-end fund that owns mostly investment-grade U.S. municipal bonds aiming to pay federal-tax-free interest. The supplied figures show weak profitability and financial health, but the share price looks inexpensive against the supplied value measures. The lack of a multi-year record makes growth hard to judge.
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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash
Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer