Invesco Advantage Municipal Income Trust II Ratios | P/E, ROE & Valuation

On the Key Ratios page for Invesco Advantage Municipal Income Trust II (VKI), the latest P/E of 35.0 frames valuation, while ROE 2.80% and ROIC 3.21% indicates profitability and capital efficiency. Together with the current ratio of 3.98 and debt-to-equity 0.57, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

VKI Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$0.59$0.66$1.03$-1.43$-0.05$0.14$1.46$0.36$0.45$0.06
Net Income per Share$0.25$0.32$0.77$-1.44$-0.06$0.14$1.44$0.35$0.44$0.05
Operating Cash Flow per Share$0.39$1.16$0.36$1.98$0.76$0.99$0.33$1.08$1.23$0.50
Free Cash Flow per Share$0.39$1.16$0.36$1.98$0.76$0.99$0.33$1.08$1.23$0.50
Cash per Share$0.35$0.01$0.00$-1.97$-4.36$-4.73$-5.35$-3.14$0.00$0.00
Book Value per Share$9.16$9.58$9.86$9.48$11.41$12.05$12.45$11.61$11.89$12.99
Tangible Book Value per Share$9.16$9.58$9.86$9.48$11.41$12.05$12.45$11.61$11.89$12.99
Interest Debt per Share$5.41$1.34$6.03$1.72$2.86$3.03$3.52$3.33$3.73$4.26
CAPEX per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

VKI Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)35.0427.7811.07-5.94-194.6185.017.7630.4324.68226.2
Price to Book (P/B)0.960.940.860.90.970.960.90.920.910.87
Price to Sales (P/S)14.913.638.22-5.97-207.7681.777.729.6423.93191.01
Enterprise Value to EBITDA30.2717.8518.59-7.7838.55-32.720-35.55-38.97-18.21
EV to Sales23.7415.2813.81-6.83-258.74102.189.9938.3831.83260.57
EV to Operating Cash Flow36.228.7239.94.9418.1414.6544.3512.811.730.93
EV to Free Cash Flow36.228.7239.94.9418.1414.6544.3512.811.730.93
Enterprise Value$619.71M$448.40M$633.43M$433.71M$609.97M$642.38M$645.44M$608.80M$636.58M$633.99M

VKI Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)2.80%3.39%7.78%-15.16%-0.50%1.13%11.60%3.01%3.70%0.38%
Return on Invested Capital (ROIC)3.21%3.82%33017.92%-2.59%-52.66%4.51%4.56%4.45%1.05%0.22%
Return on Tangible Assets1.72%2.19%4.86%-8.90%-0.29%0.69%6.95%1.78%2.15%0.22%
Earnings Yield2.84%3.60%9.04%-16.83%-0.51%1.18%12.89%3.29%4.05%0.44%
Free Cash Flow Yield4.40%12.85%4.21%23.13%6.86%8.53%2.92%10.12%11.37%4.41%
Dividend Yield7.66%4.14%4.44%5.81%5.20%4.70%4.62%5.54%6.09%6.83%

VKI Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio3.985.4102.31.867.761.717.873.2711.08
Interest Coverage2.172.343.973.447.656.623.734.031.480.35
Income Quality1.553.570.47-1.37-13.367.250.233.082.819.98
Debt to Equity0.570.110.590.160.240.240.270.270.30.32
Debt to Assets35.88%7.38%36.58%9.52%14.44%14.74%16.03%15.97%17.53%18.10%
Net Debt to EBITDA11.271.927.53-0.987.6-6.540-8.1-9.67-4.86

VKI Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover3.724.096.4-4.59-0.210.696.621.572.050.19
Payables Turnover0.652.871.80.37-4.734.232.5910.888.415.65
Inventory Turnover0000-3.0400.06000
Days Sales Outstanding98.1289.3357-79.49-1713.13529.9955.16231.79177.671956.82
Days Payables Outstanding560.48127.07202.7998.44-77.2486.34141.1433.5543.4823.32
Days of Inventory on Hand0000-120.2606631.76000

VKI Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA30.2717.8518.59-7.7838.55-32.720-35.55-38.97-18.21
Market Cap$389.00M$400.10M$377.01M$379.23M$489.80M$514.05M$497.63M$470.11M$478.62M$464.76M
Enterprise Value$619.71M$448.40M$633.43M$433.71M$609.97M$642.38M$645.44M$608.80M$636.58M$633.99M
Dividend Yield7.66%4.14%4.44%5.81%5.20%4.70%4.62%5.54%6.09%6.83%
Payout Ratio165.05%115.05%49.15%-34.50%-1011.61%399.43%35.87%168.43%150.27%1545.05%

Frequently Asked Questions

How does Invesco Advantage Municipal Income Trust II’s P/E ratio compare with its history?

On this page, VKI's current P/E is 35.0, compared with a multi-year average around 56.0. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Invesco Advantage Municipal Income Trust II 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 $389.00M. 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 Invesco Advantage Municipal Income Trust II’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Invesco Advantage Municipal Income Trust II'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 Invesco Advantage Municipal Income Trust II compare to its competitors in key financial ratios?

The fastest way to compare Invesco Advantage Municipal Income Trust II 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 Invesco Advantage Municipal Income Trust II outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Invesco Advantage Municipal Income Trust II's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Invesco Advantage Municipal Income Trust II is financially strong. Current ratio is about 3.98, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 2.17, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.57, 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 Invesco Advantage Municipal Income Trust II'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 Invesco Advantage Municipal Income Trust II is sustaining strong returns (for example ROE at 2.80% and ROIC at 3.21%) 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.