# Invesco Municipal Opportunity Trust (VMO) fundamentals

Data as of 2026-11-12. NYSE, United States. Sector: Financial Services / Capital Markets. Price $8.92, market value $602 million.

## Valuation
- **P/E (trailing): 12.2×** (5-yr avg 22.9×, 3-yr avg 22.9×). Invesco Municipal Opportunity Trust trades at 12.2× trailing earnings, well below its own five-year average of 22.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 30.4×**. Each dollar of revenue is priced at 30.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 9.1%** (5-yr avg 16.0%). Free cash flow equals 9.1% of the market value, below its five-year average of 16.0%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 8.2%**. The inverse of the P/E: 8.2% of the price is earned each year.

## Profitability
- **Net margin: 97.6%**. 97.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.8%**. 2.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.8%**. Each dollar of assets produces 1.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -19.2%**. Revenue fell 19.2% over the last year.
- **EPS growth (1 yr): -22.2%**. Earnings per share fell 22.2%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -29.3%/yr**. Free cash flow has compounded at -29.3% a year over three years.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $5 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 8.24%** ($0.75 per share, trailing). Invesco Municipal Opportunity Trust yields 8.24%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 162%** (57% of free cash flow). The dividend exceeds earnings (162% payout), though free cash flow still covers it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 4.8%/yr** (1-yr 19.8%). The dividend has grown 4.8% a year over five years.
- **Shareholder yield: 21.8%**. Dividends plus net buybacks return 21.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): -1.8%** (YTD -1.7%, 3-mo -8.5%). The shares are down 1.8% over twelve months including dividends.
- **From 52-week high: -11.7%** (9.9% above the low). Trading 12% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.28** (volatility 12%). 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=VMO · Page: https://foliofundamentals.com/stocks/vmo

Not investment advice.