Fidelity California Municipal Income

Fidelity California Municipal Income - PE Ratioverified

FCTFX

Price:

$12.19

Market Cap:

$1.90B

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.

Industry

Asset Management

IPO Date

1984-07-03

Stock Exchange

NASDAQ

Ticker

FCTFX

The PE Ratio as of August 2026 (TTM) for Fidelity California Municipal Income (FCTFX) is 2.85K

According to Fidelity California Municipal Income’s latest financial reports and current stock price. The company's current PE Ratio is 2.85K. This represents a change of 457.59% compared to the average of 511.99 of the last 4 quarters.

Fidelity California Municipal Income (FCTFX) Historical PE Ratio (quarterly & annually)

How has FCTFX PE Ratio performed in the past?

The mean historical PE Ratio of Fidelity California Municipal Income over the last ten years is -32.39. The current 2.85K PE Ratio has changed -881538.39% with respect to the historical average. Over the past ten years (40 quarters), FCTFX's PE Ratio was at its highest in in the May 2023 quarter at 693.02. The PE Ratio was at its lowest in in the November 2017 quarter at -26.79.

Quarterly (TTM)
Annual

Average

-32.39

Median

-0.18

Minimum

-204.98

Maximum

29.00

Fidelity California Municipal Income (FCTFX) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Fidelity California Municipal Income PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 50.31%

Maximum Annual PE Ratio = 29.00

Minimum Annual Increase = -1697.01%

Minimum Annual PE Ratio = -204.98

Quarterly (TTM)
Annual
YearPE RatioChange
2023-6.00-91.11%
2022-67.53-18.58%
2021-82.94-1568.62%
20205.65-80.53%
201929.0046.60%
201819.78-109.65%
2017-204.98-1697.01%
201612.8350.31%
20158.54-122.33%
2014-38.24-673.64%

Fidelity California Municipal Income (FCTFX) Average PE Ratio

How has FCTFX PE Ratio performed in the past?

The current PE Ratio of Fidelity California Municipal Income (FCTFX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-52.15

5-year avg

-24.36

10-year avg

-32.39

Fidelity California Municipal Income (FCTFX) PE Ratio vs. Peers

How is FCTFX’s PE Ratio compared to its peers?

Fidelity California Municipal Income’s PE Ratio is greater than Fidelity Massachuseets Municipal Income Fund (0), greater than Nuveen California Quality Municipal Income Fund (-14.59), greater than Eaton Vance Tax-Advantaged Dividend Income Fund (3.00), greater than Fidelity New York Municipal Income (0), greater than Shenkman Capital Short Duration High Income Fund Class F (9.92), greater than Nuveen Municipal Value Fund, Inc. (18.13), greater than Royce Pennsylvania Mutual Fund (0), greater than Fidelity Government Income (0), greater than MFS Diversified Income Fund (0), greater than Fidelity GNMA Fund (0),

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