Eaton Vance Municipal Income 2028 Term Trust Ratios | P/E, ROE & Valuation

On the Key Ratios page for Eaton Vance Municipal Income 2028 Term Trust (ETX), the latest P/E of 23.3 frames valuation, while ROE 4.21% and ROIC 4.17% indicates profitability and capital efficiency. Together with the current ratio of 2.21 and debt-to-equity 0.03, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ETX Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$0.82$0.64$1.00$-0.75$1.20$0.95$2.31$0.88$1.33$1.24
Net Income per Share$0.78$0.61$0.47$-0.78$-0.29$0.92$2.29$0.85$1.31$-0.13
Operating Cash Flow per Share$0.00$0.00$7.85$1.75$1.70$2.13$0.90$1.06$0.85$0.75
Free Cash Flow per Share$0.00$0.00$7.85$1.75$1.70$2.13$0.90$1.06$0.85$0.75
Cash per Share$0.14$0.00$0.44$0.00$1.01$1.03$0.12$0.06$0.02$0.12
Book Value per Share$18.54$18.63$19.16$19.37$18.84$20.76$21.88$20.56$20.42$19.98
Tangible Book Value per Share$18.54$18.63$19.16$19.37$18.84$20.76$21.88$20.56$20.42$19.98
Interest Debt per Share$0.63$0.68$3.02$9.59$11.19$11.41$12.18$12.24$12.26$11.18
CAPEX per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

ETX Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)23.2829.8337.72-23.87-70.9724.839.3323.0215.02-148.89
Price to Book (P/B)0.980.980.930.961.011.050.980.950.960.98
Price to Sales (P/S)22.2528.5217.79-24.5317.0424.259.2422.3514.7515.83
Enterprise Value to EBITDA24.1427.916.9-21.09-35.36-156.71016.040-27.92
EV to Sales2329.4820.14-36.9625.4435.1414.3435.9723.7925.58
EV to Operating Cash Flow002.5615.9417.9815.636.9529.6137.1542.07
EV to Free Cash Flow002.5615.9417.9815.636.9529.6137.1542.07
Enterprise Value$204.38M$204.59M$216.27M$301.62M$340.26M$362.38M$359.69M$339.47M$344.36M$342.77M

ETX Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)4.21%3.27%2.45%-4.01%-1.42%4.23%10.47%4.14%6.42%-0.66%
Return on Invested Capital (ROIC)4.17%3.58%3.20%-2.69%-0.64%-0.65%6.82%3.43%4.03%2.73%
Return on Tangible Assets4.04%3.12%2.12%-2.67%-1.02%2.85%6.76%2.61%4.02%-0.41%
Earnings Yield4.30%3.35%2.65%-4.19%-1.41%4.03%10.72%4.34%6.66%-0.67%
Free Cash Flow Yield0.00%0.00%44.28%9.46%8.30%9.29%4.20%5.44%4.34%3.84%
Dividend Yield5.17%5.16%4.20%4.27%3.89%3.57%3.91%4.36%4.30%4.34%

ETX Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio2.2102.61.125.584.567.33.563.31.8
Interest Coverage40.7110.513.03-3.73-3.14-3.149.264.436.96-0.87
Income Quality0016.7-2.26-2.26-7.230.391.250.65-5.72
Debt to Equity0.030.030.150.480.550.520.550.580.590.61
Debt to Assets3.18%3.14%12.55%32.31%39.36%34.99%35.20%36.74%37.07%37.79%
Net Debt to EBITDA0.790.911.97-7.09-11.67-48.5706.070-10.64

ETX Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover4.830.915.73-2.914.953.829.193.475.290
Payables Turnover258.6476.270.72.791.9500000
Inventory Turnover000.950000000
Days Sales Outstanding75.61399.763.72-125.5873.795.5939.73105.1968.960
Days Payables Outstanding1.414.79525.06130.6186.8900000
Days of Inventory on Hand00384.370000000

ETX Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA24.1427.916.9-21.09-35.36-156.71016.040-27.92
Market Cap$197.71M$197.95M$191.03M$200.18M$227.95M$250.07M$231.68M$210.96M$213.58M$212.10M
Enterprise Value$204.38M$204.59M$216.27M$301.62M$340.26M$362.38M$359.69M$339.47M$344.36M$342.77M
Dividend Yield5.17%5.16%4.20%4.27%3.89%3.57%3.91%4.36%4.30%4.34%
Payout Ratio0.00%153.99%158.31%-102.02%-275.98%88.57%36.51%100.35%64.63%-646.46%

Frequently Asked Questions

How does Eaton Vance Municipal Income 2028 Term Trust’s P/E ratio compare with its history?

On this page, ETX's current P/E is 23.3, compared with a multi-year average around 23.3. When the current P/E sits near its historical average, the multiple is close to that range. Look at trend direction in profitability and cash-flow rows, plus liquidity and leverage, rather than treating the P/E in isolation.

What is Eaton Vance Municipal Income 2028 Term Trust market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $197.71M. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Eaton Vance Municipal Income 2028 Term Trust’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Eaton Vance Municipal Income 2028 Term Trust's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Eaton Vance Municipal Income 2028 Term Trust compare to its competitors in key financial ratios?

The fastest way to compare Eaton Vance Municipal Income 2028 Term Trust with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Eaton Vance Municipal Income 2028 Term Trust outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Eaton Vance Municipal Income 2028 Term Trust's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Eaton Vance Municipal Income 2028 Term Trust is financially strong. Current ratio is about 2.21, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 40.71, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.03, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Eaton Vance Municipal Income 2028 Term Trust's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Eaton Vance Municipal Income 2028 Term Trust is sustaining strong returns (for example ROE at 4.21% and ROIC at 4.17%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.