# Invesco Value Municipal Income Trust (IIM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $12.39, market value $584 million.

## Valuation
- **P/E (trailing): 31.0×** (5-yr avg 17.5×, 3-yr avg 17.5×). Invesco Value Municipal Income Trust trades at 31.0× trailing earnings, well above its own five-year average of 17.5×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 30.7×**. Each dollar of revenue is priced at 30.7×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 4.6%** (5-yr avg 18.9%). Free cash flow equals 4.6% of the market value, below its five-year average of 18.9%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.2%**. The inverse of the P/E: 3.2% of the price is earned each year.

## Profitability
- **Net margin: 97.9%**. 97.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.1%**. 3.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 2.1%**. Each dollar of assets produces 2.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -13.6%**. Revenue fell 13.6% over the last year.
- **Free-cash-flow growth (3 yr): -42.4%/yr**. Free cash flow has compounded at -42.4% a year over three years.

## Dividends
- **Dividend yield: 7.47%** ($0.93 per share, trailing). Invesco Value Municipal Income Trust yields 7.47%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 145%** (100% of free cash flow). The dividend exceeds earnings (145% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 5.7%/yr** (1-yr 18.0%). The dividend has grown 5.7% a year over five years.
- **Shareholder yield: 15.4%**. Dividends plus net buybacks return 15.4% of the market value a year.

## Price and momentum
- **Total return (1 yr): 12.6%** (YTD 5.0%, 3-mo 1.1%). The shares are up 12.6% over twelve months including dividends.
- **From 52-week high: -5.9%** (4.6% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.28** (volatility 11%). Beta of 0.28 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IIM · Page: https://foliofundamentals.com/stocks/iim

Not investment advice.