Eaton Vance Floating Rate Income Trust Common Shares of Beneficial Interest (EFT)

FairStock Score: 51/100 — MIXED

Key Financials

AI Analysis

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

I see a closed-end fund that lends through senior, secured floating-rate loans. That can be a decent credit business, but it is not a wide-moat franchise; results depend on the manager, credit cycle, and leverage. The distribution yield is 8.10%, which is the main attraction. Yet the FairStock P/E is 42.68 at the 2026-10-13 close, and ROE is only 2.05%, so earnings power looks thin against the price. The P/B of 0.88 means the shares trade below book value, which could be a margin of safety if that book value is sound. However, the Graham Number is $8.24, and at $10.67 the price sits about 29.5% above it, so this is not a Graham bargain. Financial strength signals are weak: Piotroski 2/9 and Altman Z-Score 0.70. Leverage at D/E 0.46 is typical for a closed-end fund but magnifies both income and credit losses. Beta of 0.43 suggests low correlation to the broad market, but credit spreads can hurt. Growth data is unavailable, and the Lynch category is none because there are only 0 years of filed results, not the needed 3. FairStock Score is 51/100. I would want evidence that NAV and distributions are stable before treating the high yield as safe. As a value investor, I prefer durable earning power and low leverage; this looks more like a yield instrument than a compounding business.

In plain English: Eaton Vance Floating Rate Income Trust is a fund that invests mostly in senior secured floating-rate loans. It pays high income, but the figures suggest weak profit and financial strength. The share price looks fair to expensive relative to earnings and a simple value check, even though it trades below the value of its assets.

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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