Stock fact sheet · data as of
Invesco Trust for Investment Grade New York Municipals (VTN): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is VTN undervalued?
VTN closed at 9.22 on 16 Oct 2026 against a GLS average fair value of 9.09 - 1.4% above fair value, which our screens read as "fairly priced". 3 of 8 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
The 8 models disagree widely: EPV gives 3.45 while Graham Growth gives 17.78. 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.
The nightly engine files VTN under High Yield Income: a dividend yield above 4%.
Nine valuation models for VTN
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 | 8.84 | -4% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 17.78 | +93% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 7.77 | -16% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.74 | -59% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 8.51 | -8% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 10.55 | +14% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 12.10 | +31% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3.45 | -63% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.16 | -156% | 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
On financial health VTN scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 2.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 1.9%, ROE 2.8%, ROA 1.9% - with debt at 0.47 times equity and a free-cash-flow yield of 4.6%.
The dividend yield is high at 8.92% (payout ratio 157%) - 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 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 1.9% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | 2.8% |
| Debt / equity | 0.47 | ROA | 1.9% |
| Free-cash-flow yield | 4.6% | Payout ratio | 157% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 38: No options
VTN has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (38 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 29k shares a day on a market cap of $135M, with a beta of 0.71 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 12 / 25 | -1% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 29k shares/day, $135M cap, beta 0.71 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for VTN in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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The 12 companies below are the closest to Invesco Trust for Investment Grade New York Municipals 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.
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|---|---|---|---|---|---|
| HEQ John Hancock Diversified Income Fund | 11.33 | 14.71 | +23% | 39No options | $135M |
| DFDV DeFi Development Corp. | 4.16 | - | - | 45Weak | $136M |
| MSD Morgan Stanley Emerging Markets Debt Fund, Inc. | 6.72 | 26.79 | +75% | 39No options | $136M |
| SPE Special Opportunities Fund, Inc. | 12.36 | 44.48 | +72% | 39No options | $136M |
| BGX Blackstone Long-Short Credit Income Fund | 10.45 | 11.20 | +7% | 39No options | $133M |
| ATESX Anchor Risk Managed Equity Strategies Fund - Institutional Class | 15.57 | 1.16 | -1238% | 17No options | $133M |
| MZCSX Muzinich Dynamic Income Fund Supra Institutional Shares | 9.36 | 4,018.49 | +100% | 39No options | $137M |
| HSDT Solana Company | 2.35 | - | - | 40Weak | $137M |
| IHD Voya Emerging Markets High Dividend Equity Fund | 7.41 | 59.11 | +87% | 39No options | $137M |
| BCV Bancroft Fund Ltd. | 22.40 | 167.58 | +87% | 39No options | $130M |
| GLQ Clough Global Equity Fund | 7.48 | 82.00 | +91% | 39No options | $140M |
| OXSQH Oxford Square Capital Corp. | 24.81 | 6.18 | -301% | 6No options | $141M |
⚖ Compare VTN with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about VTN
Is VTN undervalued right now?
Not meaningfully: at 9.22 the stock trades within a few percent of the GLS average fair value of 9.09 (1.4% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of VTN and what does it mean?
VTN has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for VTN?
9.09 per share as of 16 Oct 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 Trust for Investment Grade New York Municipals report earnings next?
No upcoming earnings date is recorded for VTN in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does VTN have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on VTN, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.