Invesco California Value Muni Inc Tr Net Assets
Invesco California Value Muni Inc Tr net assets. Based on the latest financial reports, Invesco California Value Muni Inc Tr (VCV) has net assets worth $510.67 Million USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($829.41 Million) and total liabilities ($318.74 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore VCV year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $510.67 Million |
| % of Total Assets | 61.57% |
| Annual Growth Rate | -0.54% |
| 5-Year Change | -17.12% |
| 10-Year Change | -19.63% |
| Growth Volatility | 20.49 |
Net Assets of Invesco California Value Muni Inc Tr (2007–2026)
Net assets of Invesco California Value Muni Inc Tr from 2007 to 2026. This chart illustrates how Invesco California Value Muni Inc Tr's net assets have evolved over time, based on quarterly financial data. See VCV equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Invesco California Value Muni Inc Tr (2007–2026)
The table below shows the annual net assets of Invesco California Value Muni Inc Tr from 2007 to 2026. For live market cap and overall valuation, see VCV company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | $510.67 Million | -3.43% |
| 2025-02-28 | $528.81 Million | -2.87% |
| 2024-02-29 | $544.41 Million | +4.75% |
| 2023-02-28 | $519.70 Million | -15.65% |
| 2022-02-28 | $616.12 Million | -4.20% |
| 2021-02-28 | $643.12 Million | -3.31% |
| 2020-02-29 | $665.10 Million | +8.47% |
| 2019-02-28 | $613.14 Million | -1.50% |
| 2018-02-28 | $622.46 Million | -2.04% |
| 2017-02-28 | $635.43 Million | -4.79% |
| 2016-02-29 | $667.39 Million | +0.80% |
| 2015-02-28 | $662.09 Million | +7.42% |
| 2014-02-28 | $616.37 Million | -6.95% |
| 2013-02-28 | $662.40 Million | +73.17% |
| 2009-02-28 | $382.52 Million | -28.83% |
| 2008-02-29 | $537.46 Million | -5.02% |
| 2007-02-28 | $565.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco California Value Muni Inc Tr's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 224.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Invesco California Value Muni Inc Tr Net Assets Breakdown (February 2026)
Invesco California Value Muni Inc Tr net assets breakdown by equity component as of February 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $554.72 Million | 108.63% |
| Total Equity | $510.67 Million | 100.00% |
Invesco California Value Muni Inc Tr Competitors by Market Cap
The table below lists competitors of Invesco California Value Muni Inc Tr ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Berry Genomics Co Ltd
SHE:000710
|
$458.34 Million |
|
Suzhou Sonavox Electronics Co. Ltd. A
SHG:688533
|
$458.47 Million |
|
Zhejiang Natural Outdoor Goods Inc.
SHG:605080
|
$458.77 Million |
|
Poly Union Chemical Holding Group Co Ltd
SHE:002037
|
$458.83 Million |
|
Jiangsu Sihuan Bioengineering Co Ltd
SHE:000518
|
$458.00 Million |
|
Colorlight Cloud Tech Ltd. A
SHE:301391
|
$457.99 Million |
|
Sichuan Zhongguang Lightning Protection Technologies Co Ltd
SHE:300414
|
$457.99 Million |
|
Shenzhen Cotran New Material Co Ltd Class A
SHE:300731
|
$457.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco California Value Muni Inc Tr's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 528,813,165 to 510,669,503, a change of -18,143,662 (-3.4%).
- Net income of 12,374,728 contributed positively to equity growth.
- Dividend payments of 19,371,878 reduced retained earnings.
- Share repurchases of 16,102,958 reduced equity.
- New share issuances of 4,321,537 increased equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.37 Million | +2.42% |
| Dividends Paid | $19.37 Million | -3.79% |
| Share Repurchases | $16.10 Million | -3.15% |
| Share Issuances | $4.32 Million | +0.85% |
| Other Changes | $634.91K | +0.12% |
| Total Change | $- | -3.43% |
Book Value vs Market Value Analysis
This analysis compares Invesco California Value Muni Inc Tr's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.67x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-02-28 | $13.84 | $9.33 | x |
| 2014-02-28 | $12.88 | $9.33 | x |
| 2015-02-28 | $13.83 | $9.33 | x |
| 2016-02-29 | $13.95 | $9.33 | x |
| 2017-02-28 | $13.28 | $9.33 | x |
| 2018-02-28 | $12.61 | $9.33 | x |
| 2019-02-28 | $12.90 | $9.33 | x |
| 2020-02-29 | $13.90 | $9.33 | x |
| 2021-02-28 | $13.44 | $9.33 | x |
| 2022-02-28 | $12.87 | $9.33 | x |
| 2023-02-28 | $10.85 | $9.33 | x |
| 2024-02-29 | $11.37 | $9.33 | x |
| 2025-02-28 | $11.04 | $9.33 | x |
| 2026-02-28 | $10.53 | $9.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco California Value Muni Inc Tr utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.45%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.62x
- Recent ROE (2.42%) is above the historical average (1.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 5.89% | 88.39% | 0.06x | 1.03x | $-23.25 Million |
| 2008 | -0.54% | -8.97% | 0.05x | 1.23x | $-56.64 Million |
| 2009 | -23.58% | -281.60% | 0.07x | 1.21x | $-128.45 Million |
| 2013 | 7.46% | 142.73% | 0.03x | 1.57x | $-16.81 Million |
| 2014 | -1.32% | -18.16% | 0.05x | 1.61x | $-69.76 Million |
| 2015 | 12.63% | 187.23% | 0.04x | 1.56x | $17.41 Million |
| 2016 | 6.47% | 104.81% | 0.04x | 1.56x | $-23.54 Million |
| 2017 | 0.12% | 1.77% | 0.04x | 1.63x | $-62.79 Million |
| 2018 | 2.85% | 96.63% | 0.02x | 1.66x | $-44.48 Million |
| 2019 | 3.26% | 97.42% | 0.02x | 1.61x | $-41.35 Million |
| 2020 | 11.78% | 99.45% | 0.08x | 1.54x | $11.86 Million |
| 2021 | 0.66% | 91.93% | 0.00x | 1.58x | $-60.09 Million |
| 2022 | -0.03% | -1208.76% | 0.00x | 1.62x | $-61.82 Million |
| 2023 | -13.97% | 0.00% | -0.08x | 1.71x | $-124.58 Million |
| 2024 | 8.09% | 113.42% | 0.04x | 1.61x | $-10.41 Million |
| 2025 | 3.31% | 55.03% | 0.04x | 1.62x | $-35.38 Million |
| 2026 | 2.42% | 37.45% | 0.04x | 1.62x | $-38.69 Million |
Industry Comparison
This section compares Invesco California Value Muni Inc Tr's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $480,061,868
- Average return on equity (ROE) among peers: -14.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco California Value Muni Inc Tr (VCV) | $510.67 Million | 5.89% | 0.62x | $458.24 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $3.12 Billion |
| AllianceBernstein Holding L.P. (AB) | $214.00 Million | 32.52% | 1.62x | $3.19 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $60.56 Million | -17.39% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $69.65 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $12.33 Million | -46.28% | 0.02x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $253.09 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $164.48 Million |
| Affiliated Managers Group, Inc. (AMG) | $2.79 Billion | 4.96% | 0.89x | $9.76 Billion |
About Invesco California Value Muni Inc Tr
Invesco California Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., Invesco Asset Management (Japan) Limited, Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. It invests in the fixe… Read more