Invesco Pennsylvania Value Municipal Income Trust (VPV) - Net Assets
Based on the latest financial reports, Invesco Pennsylvania Value Municipal Income Trust (VPV) has net assets worth $187.42 Million USD as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($298.08 Million) and total liabilities ($110.66 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. Check VPV asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $187.42 Million |
| % of Total Assets | 62.88% |
| Annual Growth Rate | -5.86% |
| 5-Year Change | -38.4% |
| 10-Year Change | -40.18% |
| Growth Volatility | 9.81 |
Invesco Pennsylvania Value Municipal Income Trust - Net Assets Trend (2007–2025)
This chart illustrates how Invesco Pennsylvania Value Municipal Income Trust's net assets have evolved over time, based on quarterly financial data. Also explore VPV total asset value for the complete picture of this company's asset base.
Annual Net Assets for Invesco Pennsylvania Value Municipal Income Trust (2007–2025)
The table below shows the annual net assets of Invesco Pennsylvania Value Municipal Income Trust from 2007 to 2025. For live valuation and market cap data, see Invesco Pennsylvania Value Municipal Inc (VPV) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $206.89 Million | -25.88% |
| 2024-02-29 | $279.12 Million | +2.06% |
| 2023-02-28 | $273.48 Million | -15.65% |
| 2022-02-28 | $324.22 Million | -3.47% |
| 2021-02-28 | $335.86 Million | -3.02% |
| 2020-02-29 | $346.33 Million | +8.19% |
| 2019-02-28 | $320.11 Million | -1.64% |
| 2018-02-28 | $325.46 Million | -1.28% |
| 2017-02-28 | $329.68 Million | -4.68% |
| 2016-02-29 | $345.88 Million | -0.65% |
| 2015-02-28 | $348.13 Million | +5.61% |
| 2014-02-28 | $329.65 Million | -10.86% |
| 2013-02-28 | $369.80 Million | -16.84% |
| 2009-02-28 | $444.67 Million | -24.06% |
| 2008-02-29 | $585.58 Million | -4.57% |
| 2007-02-28 | $613.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco Pennsylvania Value Municipal Income Trust'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 202.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $240.50 Million | 116.25% |
| Total Equity | $206.89 Million | 100.00% |
Invesco Pennsylvania Value Municipal Income Trust Competitors by Market Cap
The table below lists competitors of Invesco Pennsylvania Value Municipal Income Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saksoft Limited
NSE:SAKSOFT
|
$193.07 Million |
|
Mobase Electronics Co.Ltd
KQ:012860
|
$193.08 Million |
|
cBrain A/S
CO:CBRAIN
|
$193.13 Million |
|
Pioneer Municipal High Income Advantage Trust
NYSE:MAV
|
$193.23 Million |
|
Smart Sand Inc
NASDAQ:SND
|
$193.00 Million |
|
Caswell Inc
TW:6416
|
$192.96 Million |
|
Polaris Infrastructure Inc
TO:PIF
|
$192.93 Million |
|
Daedong Ind
KO:000490
|
$192.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco Pennsylvania Value Municipal Income Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 279,124,638 to 206,889,346, a change of -72,235,292 (-25.9%).
- Net income of 12,842,733 contributed positively to equity growth.
- Dividend payments of 8,264,178 reduced retained earnings.
- Share repurchases of 121,769,435 reduced equity.
- Other factors increased equity by 44,955,588.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.84 Million | +6.21% |
| Dividends Paid | $8.26 Million | -3.99% |
| Share Repurchases | $121.77 Million | -58.86% |
| Other Changes | $44.96 Million | +21.73% |
| Total Change | $- | -25.88% |
Book Value vs Market Value Analysis
This analysis compares Invesco Pennsylvania Value Municipal Income Trust'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: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.70x to 1.19x 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 | $15.52 | $10.92 | x |
| 2014-02-28 | $13.83 | $10.92 | x |
| 2015-02-28 | $14.61 | $10.92 | x |
| 2016-02-29 | $14.51 | $10.92 | x |
| 2017-02-28 | $13.83 | $10.92 | x |
| 2018-02-28 | $13.84 | $10.92 | x |
| 2019-02-28 | $13.39 | $10.92 | x |
| 2020-02-29 | $14.53 | $10.92 | x |
| 2021-02-28 | $14.09 | $10.92 | x |
| 2022-02-28 | $13.61 | $10.92 | x |
| 2023-02-28 | $11.48 | $10.92 | x |
| 2024-02-29 | $11.71 | $10.92 | x |
| 2025-02-28 | $9.18 | $10.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco Pennsylvania Value Municipal Income Trust 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): 6.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.06%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.55x
- Recent ROE (6.21%) is above the historical average (1.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 4.80% | 85.46% | 0.05x | 1.04x | $-31.89 Million |
| 2008 | 0.46% | 7.65% | 0.05x | 1.21x | $-55.87 Million |
| 2009 | -14.57% | -204.62% | 0.06x | 1.13x | $-109.28 Million |
| 2013 | 9.18% | 133.77% | 0.04x | 1.56x | $-3.04 Million |
| 2014 | -5.67% | -75.89% | 0.05x | 1.61x | $-51.67 Million |
| 2015 | 11.33% | 163.75% | 0.04x | 1.59x | $4.63 Million |
| 2016 | 4.75% | 67.38% | 0.04x | 1.57x | $-18.16 Million |
| 2017 | 0.16% | 2.26% | 0.04x | 1.64x | $-32.45 Million |
| 2018 | 3.32% | 96.50% | 0.02x | 1.74x | $-21.73 Million |
| 2019 | 3.51% | 97.01% | 0.02x | 1.74x | $-20.77 Million |
| 2020 | 11.83% | 99.15% | 0.07x | 1.59x | $6.35 Million |
| 2021 | 1.08% | 93.00% | 0.01x | 1.58x | $-29.96 Million |
| 2022 | 0.82% | 89.89% | 0.01x | 1.58x | $-29.77 Million |
| 2023 | -14.15% | 0.00% | -0.09x | 1.65x | $-66.03 Million |
| 2024 | 5.20% | 65.64% | 0.05x | 1.57x | $-13.41 Million |
| 2025 | 6.21% | 66.06% | 0.06x | 1.55x | $-7.85 Million |
Industry Comparison
This section compares Invesco Pennsylvania Value Municipal Income Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Pennsylvania Value Municipal Income Trust (VPV) | $187.42 Million | 4.80% | 0.59x | $193.02 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About Invesco Pennsylvania Value Municipal Income Trust
Invesco Pennsylvania 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 fi… Read more