How does First Trust Enhanced Equity Income Fund’s P/E ratio compare with its history?
On this page, FFA's current P/E is 5.8, compared with a multi-year average around 6.4. 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.