Stock fact sheet · data as of
Invesco Pennsylvania Value Municipal Income Trust (VPV): fair value, margin of safety and Wheel Score
Ticker symbol VPV · Financial Services · Asset Management · United States · Fund / Note
Is VPV undervalued?
Invesco Pennsylvania Value Municipal Income Trust (VPV) closed at 10.99 on 5 Nov 2026, 13% above the GLS average fair value of 9.74. Only 3 of the 8 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" Wheel Trade Filter; a premium of this size is common for companies whose growth the models are conservative about.
The 8 models disagree widely: EPV gives 3.27 while Graham Growth gives 16.81. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
VPV looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for VPV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 8.55 | -22% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 16.81 | +53% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 7.35 | -33% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 6.69 | -39% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 9.56 | -13% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 13.94 | +27% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 11.78 | +7% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3.27 | -70% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -6.00 | -155% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - VPV passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for VPV: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 1.7%, ROE 2.7%, ROA 1.7% - with debt at 0.55 times equity and a free-cash-flow yield of 4.3%.
The dividend yield is high at 7.28% (payout ratio 161%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 1.7% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 2.7% |
| Debt / equity | 0.55 | ROA | 1.7% |
| Free-cash-flow yield | 4.3% | Payout ratio | 161% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 14: No options
VPV has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (14 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 17k shares a day on a market cap of $196M, with a beta of 0.69 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 13% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $196M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 13% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.69, $196M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for VPV in the nightly calendar. The shares go ex-dividend on 16 Nov 2026 (0.0667 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Invesco Pennsylvania Value Municipal Income Trust by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SILVX SGI U.S. Large Cap Equity Fund Class I | 20.42 | 11.72 | -74% | 11No options | $195M |
| AHTPX American Beacon AHL TargetRisk Fund - Investor Class | 11.20 | 15.69 | +29% | 25No options | $195M |
| RRGAX DWS RREEF Global Real Estate Securities Fund - Class A | 7.89 | 11.25 | +30% | 26No options | $199M |
| PRIHX T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | 9.82 | 24.26 | +60% | 28No options | $199M |
| BANX ArrowMark Financial Corp. | 19.79 | 34.66 | +43% | 43Weak | $192M |
| TPVG TriplePoint Venture Growth BDC Corp. | 4.67 | 27.39 | +83% | 44Weak | $190M |
| GMSAX Goldman Sachs Managed Futures Strategy Fund | 9.69 | 25.14 | +61% | 28No options | $204M |
| SCM Stellus Capital Investment Corporation | 7.26 | 4,324,121.19 | +100% | 48Weak | $207M |
| FT Franklin Universal Trust | 7.42 | 15.23 | +51% | 30No options | $187M |
| EIC Eagle Point Income Company Inc. | 8.83 | 38.54 | +77% | 30No options | $207M |
| FIFNX Fidelity Founders Fund | 27.69 | 4.92 | -463% | 11No options | $207M |
| ASMOX AQR Small Cap Momentum Style Fund Class I | 24.22 | - | - | 13No options | $185M |
⚖ Compare VPV with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VPV
Is VPV undervalued right now?
No: at 10.99 the stock trades 13% above the GLS average fair value of 9.74 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of VPV and what does it mean?
VPV has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for VPV?
9.74 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Invesco Pennsylvania Value Municipal Income Trust report earnings next?
No upcoming earnings date is recorded for VPV in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does VPV have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VPV, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.