Eaton Vance Municipal Income Trust Common Stock (EVN)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

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

I start with what this actually is: a closed-end fund holding municipal obligations, not an operating business with customers and pricing power. Its economic engine is the spread between tax-exempt municipal income and its financing costs, plus active management. The mandate is investment grade and diversified across sectors such as education, utilities, healthcare, housing, and transportation, which is a modest structural advantage, but I see no true moat beyond the closed-end wrapper and management contract. As of the 2026-10-13 close, the price was $9.58. FairStock calculates P/B at 0.89, so the market values it below book, and P/E at 10.30. The 6.08% dividend yield is the main attraction. The Graham Number is $15.07, implying a 36.43% margin of safety on that conservative asset-based measure. That is cheap-looking, but Graham would demand balance-sheet strength and earnings stability. Here the quality signals are poor: Piotroski F-Score 1/9, Altman Z-Score 1.14, ROE 8.63%, ROCE 2.58%, and D/E 0.52. The leverage can amplify both municipal credit and rate moves. Growth is not assessable: revenue and profit growth are N/A, and FairStock assigns no Lynch category because only 0 years of filed results exist, below its three-year requirement. So I see a discounted, income-heavy fund with a low beta of 0.64, but its financial-quality scores warn that the discount may be deserved. I would need evidence that distributions are covered and leverage is controlled before calling it a bargain.

In plain English: Eaton Vance Municipal Income Trust owns a portfolio of mostly investment-grade municipal bonds and pays income to shareholders. The price looks below the value of its assets, but the quality and safety signals in the provided numbers are weak, and there is no usable growth record. Overall, it looks like a high-income, mixed-quality fund rather than a clearly strong business.

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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