Invesco Value Municipal Income Trust Common Stock (IIM)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

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

I look at IIM first as a leveraged municipal-bond portfolio, not as a classic operating business. At the 2026-10-13 close of $10.83, FairStock’s calculations show P/B of 0.86, so the market price sits below book value, while its Graham Number is $10.67, leaving a margin of safety of -1.50%. That is not a Graham bargain; the price is slightly above his cautious estimate. The 7.72% dividend yield is the main attraction, and beta of 0.77 suggests it is less volatile than the broad equity market. But FairStock’s P/E is 27.07, while ROE of 3.06% and ROCE of 2.71% are thin. Debt-to-equity of 0.51 means leverage, which can magnify both income and losses. The Piotroski F-Score of 0/9 and Altman Z-Score of 1.02 look weak in the data, though those tools are built for industrial companies and are less meaningful for a closed-end fund. The FairStock score is 55/100, and the Lynch category is none because there are only 0 years of filed results, not the three needed. A closed-end fund has no durable competitive moat; its results depend on municipal credit, interest rates, leverage, and the discount or premium to net asset value. Growth trajectory cannot be judged from the provided data. At a discount to book and a high yield, there is income appeal, but the weak return metrics and lack of filing history make me want a wider discount before calling it a value opportunity.

In plain English: Invesco Value Municipal Income Trust is a closed-end fund that invests mostly in U.S. investment-grade municipal bonds. The numbers are mixed: the yield is high and the price is near the low end of its yearly range, but the fund’s returns look modest. At $10.83, it appears close to its calculated fair value—neither clearly cheap nor clearly expensive.

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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