Eaton Vance California Municipal Income Trust Shares of Beneficial Interest (CEV)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Eaton Vance California Municipal Income Trust less as an operating business with a moat and more as a closed-end municipal bond portfolio trading in the market. It invests in California municipal debt across education, hospitals, housing, utilities, transportation and similar sectors. That gives diversification, but it has no real pricing power; its edge is manager access and leverage. As of the 2026-10-13 close, price was $10.44, market cap $72.6M, and the provided dividend yield was 5.79%. FairStock calculations show P/E 10.04, P/B 0.94, ROE 9.50%, ROCE 2.28%, and D/E 0.51. The Graham Number is $16.20, implying a 35.56% margin of safety, which sounds attractive, but for a leveraged bond fund I treat that number cautiously. The quality signals are not comforting: Piotroski F-Score 1/9 and Altman Z-Score 1.00. The 52-week range is $9.77-$10.84, and beta 0.59 suggests low equity-market sensitivity. Growth is impossible to judge from the provided data; revenue and profit growth are N/A, and the Lynch category is none because only 0 years of filed results are available and three are needed. FairStock Score is 57/100, middling overall. At 0.94 times book and a 5.79% yield, the price may be fair to modestly cheap, but weak financial-health scores and missing growth history keep me from calling it a high-quality bargain.

In plain English: This is a closed-end fund that buys California city and state debt, such as bonds tied to schools, hospitals and utilities. Its numbers show a small discount to book value and a high income payout, but the financial strength scores look weak and there is not enough filed history to judge growth. At $10.44, the price looks roughly fair or slightly cheap versus its book value, not a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · 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