Eaton Vance Municipal Income 2028 Term Trust (ETX) Fair Value & Analysis
Financial Services · US · Market cap $203M
Eaton Vance Municipal Income 2028 Term Trust
ETX · US
Fair value as of: Jun 26, 2026
From 19 valuation models · updated 7 days ago
Share price −1.1% over the past month.
Price vs Fair Value (12 months)
12‑month range $17.28 – $19.16 · fair‑value band $7.76 – $12.94 · the $18.74 price screens above the $10.35 fair value. As of Jun 26, 2026.
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Eaton Vance Municipal Income 2028 Term Trust (ETX) currently trades at $18.74, while our model-based Fair Value estimate is $10.35 — implying the stock looks roughly 44.8% overvalued today. We read business quality at 68/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
The stock trades on a trailing P/E of 23.8. Fundamentals as of Jun 26, 2026
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust. Eaton Vance Municipal Income 2028 Term Trust was formed on March 28, 2013 and is domiciled in the United States.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Eaton Vance Municipal Income 2028 Term Trust reported revenue of $6.9M in FY2025 versus $10.3M in FY2021, a compound −9.4%/yr. Reported net income was $6.6M in FY2025, compounding −9.9%/yr from FY2021.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.