Invesco Pennsylvania Value Municipal Income Trust Net Assets
Invesco Pennsylvania Value Municipal Income Trust net assets. Based on the latest financial reports, Invesco Pennsylvania Value Municipal Income Trust (VPV) has net assets worth $197.67 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 ($311.70 Million) and total liabilities ($114.03 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 Invesco Pennsylvania Value Municipal Inc (VPV) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $197.67 Million |
| % of Total Assets | 63.42% |
| Annual Growth Rate | -5.79% |
| 5-Year Change | -39.03% |
| 10-Year Change | -40.04% |
| Growth Volatility | 9.51 |
Net Assets of Invesco Pennsylvania Value Municipal Income Trust (2007–2026)
Net assets of Invesco Pennsylvania Value Municipal Income Trust from 2007 to 2026. This chart illustrates how Invesco Pennsylvania Value Municipal Income Trust's net assets have evolved over time, based on quarterly financial data. See VPV net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Invesco Pennsylvania Value Municipal Income Trust (2007–2026)
The table below shows the annual net assets of Invesco Pennsylvania Value Municipal Income Trust from 2007 to 2026. For live market cap and overall valuation, see Invesco Pennsylvania Value Municipal Inc (VPV) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | $197.67 Million | -4.46% |
| 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 212.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Invesco Pennsylvania Value Municipal Income Trust Net Assets Breakdown (February 2026)
Invesco Pennsylvania Value Municipal Income Trust net assets breakdown by equity component as of February 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $234.46 Million | 118.61% |
| Total Equity | $197.67 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 |
|---|---|
|
Asian Energy Services Limited
NSE:ASIANENE
|
$195.07 Million |
|
Qinghaihuading Industrial Co Ltd
SHG:600243
|
$195.22 Million |
|
Mulpha International Bhd
KLSE:3905
|
$195.25 Million |
|
Bleichroeder Acquisition Corp. I Class A Ordinary Shares
NASDAQ:BACQ
|
$195.26 Million |
|
Taokaenoi Food & Marketing Public Company Limited
BK:TKN
|
$194.86 Million |
|
Dynamic Cables Limited
NSE:DYCL
|
$194.85 Million |
|
Volati AB
ST:VOLO
|
$194.84 Million |
|
Hua Na Hydropower JSC
VN:HNA
|
$194.84 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 2025 to 2026, total equity changed from 206,889,346 to 197,668,064, a change of -9,221,282 (-4.5%).
- Net income of 5,252,720 contributed positively to equity growth.
- Dividend payments of 8,443,231 reduced retained earnings.
- Share repurchases of 6,039,717 reduced equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.25 Million | +2.66% |
| Dividends Paid | $8.44 Million | -4.27% |
| Share Repurchases | $6.04 Million | -3.06% |
| Other Changes | $8.95K | +0.0% |
| Total Change | $- | -4.46% |
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: 1.00x
- 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 0.71x to 1.00x 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 | $11.07 | x |
| 2014-02-28 | $13.83 | $11.07 | x |
| 2015-02-28 | $14.61 | $11.07 | x |
| 2016-02-29 | $14.51 | $11.07 | x |
| 2017-02-28 | $13.83 | $11.07 | x |
| 2018-02-28 | $13.84 | $11.07 | x |
| 2019-02-28 | $13.39 | $11.07 | x |
| 2020-02-29 | $14.53 | $11.07 | x |
| 2021-02-28 | $14.09 | $11.07 | x |
| 2022-02-28 | $13.61 | $11.07 | x |
| 2023-02-28 | $11.48 | $11.07 | x |
| 2024-02-29 | $11.71 | $11.07 | x |
| 2025-02-28 | $9.18 | $11.07 | x |
| 2026-02-28 | $11.06 | $11.07 | 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): 2.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.49%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.58x
- Recent ROE (2.66%) is above the historical average (1.82%), 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 |
| 2026 | 2.66% | 39.49% | 0.04x | 1.58x | $-14.51 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: $657,677,591
- Average return on equity (ROE) among peers: -7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Invesco Pennsylvania Value Municipal Income Trust (VPV) | $197.67 Million | 4.80% | 0.58x | $195.07 Million |
| Acadian Asset Management Inc (AAMI) | $2.54 Billion | 1.01% | 2.37x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.54 Billion | 13.44% | 0.00x | $3.10 Billion |
| Associated Capital Group Inc (AC) | $964.38 Million | 0.92% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $71.46 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $165.43 Million | -10.20% | 0.18x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $85.02 Million | -7.77% | 0.44x | $239.77 Million |
| Amber International Holding Limited (AMBR) | $279.09 Million | -5.30% | 0.68x | $144.90 Million |
| Affiliated Managers Group, Inc. (AMG) | $769.46 Million | 19.66% | 2.46x | $9.59 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