Eaton Vance Municipal Income Trust EATON VANCE NATIONAL MUNICIPAL OPPORTUNITIES TRUST (EOT)

Key Financials

AI Analysis

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

I approach this as a closed-end municipal bond fund, not an operating business: Eaton Vance National Municipal Opportunities Trust invests primarily in U.S. municipal obligations and relies on Eaton Vance Management's in-house research. At $15.53 on 2026-10-16, its market cap is $268.0M. The fund's stated P/E is 21.87 on EPS of $0.71, and the distribution yield is 5.28%. FairStock's Graham Number is $16.91, so the price sits about 8.81% below that calculation—a modest margin of safety, not a bargain. The 52-week range is $15.08-$18.00, placing the shares near the low end. Quality evidence is mixed: FairStock's Piotroski F-Score is only 2/9, which is weak, while its Altman Z-Score is 3.70. P/B, ROE, ROCE, debt/equity, beta, revenue growth and profit growth are not available in this data, so I cannot verify moat, returns on capital, leverage, or growth. The computed Lynch category is none because only zero years of filed results are available; that is a serious information limitation, not a growth signal. A fund like this has no obvious durable competitive moat beyond manager skill and municipal-market access. Financial health cannot be fully underwritten without balance-sheet and distribution-coverage data. Valuation is roughly fair to slightly cheap versus the Graham Number and supported by a 5.28% yield, but the 21.87 P/E and 2/9 Piotroski score argue against calling it clearly cheap. I would need more filed history before treating this as a high-conviction value idea.

In plain English: This fund owns U.S. municipal bonds and is run by Eaton Vance Management. Its financial record is short and a quality check looks weak, so the business is hard to judge as clearly strong. At $15.53, the price is close to a $16.91 calculated value, so it looks roughly fair with a small discount.

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Data as of 2026-10-16 close · note generated 2026-10-20 · 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