US · PAI
Western Asset Investment Grade Income Fund Inc.
- Sector
- Financial Services · Asset Management - Income
- Headquarters
- Pasadena, CA 91101
Price · as of 2024-12-31
$12.22
Market cap 120.31M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $42.30 | +246.15% |
| Intrinsic Value(DCF) | $9.59 | -21.52% |
| Graham-Dodd Method(GD) | $14.89 | +21.86% |
| Graham Formula(GF) | $21.27 | +74.03% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2010 | |||||
| 2011 | |||||
| 2012 | $7.74 | ||||
| 2013 | $7.48 | $33.54 | $2.09 | $14.90 | $0.80 |
| 2014 | $8.09 | $101.77 | $1.63 | $20.28 | $7.80 |
| 2015 | $8.23 | $39.98 | $1.25 | $12.28 | $0.00 |
| 2016 | $9.28 | $131.58 | $1.74 | $21.90 | $11.30 |
| 2017 | $9.79 | $50.02 | $0.00 | $22.74 | $133.19 |
| 2018 | $10.27 | $240.25 | $0.00 | $10.49 | $91.00 |
| 2019 | $11.77 | $676.31 | $35.53 | $26.34 | |
| 2020 | $11.85 | $125.48 | $17.58 | $22.96 | $0.00 |
| 2021 | $11.05 | $31.87 | $19.65 | $15.81 | $0.37 |
| 2022 | $10.04 | $1,416.50 | $3.89 | $0.00 | $0.00 |
| 2023 | $10.78 | $92.00 | $9.23 | $18.62 | $0.00 |
| 2024 | $11.83 | $42.30 | $6.66 | $14.89 | $21.27 |
AI valuation
Our deep-learning model estimates Western Asset Investment Grade Income Fund Inc.'s (PAI) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $42.30
- Current price
- $12.22
- AI upside
- +246.15%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$9.59
-21.52% upside
Graham-Dodd
$14.89
+21.86% upside
Graham Formula
$21.27
+74.03% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| PAI | Western Asset Investment … | $12.22 | 120.31M | +246% | -22% | +22% | +74% | 29.75 | 0.92 | 18.84 | 29.53 | — | 0.92 | 87.23% | 63.32% | 63.32% | 3.06% | 3.07% | 3.05% | 0.00 | — | 4.88 | 14.88 | -0.02 | -6486.00% | 4738.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 1.20% | 29.53 | — | 18.70 | 391.00 |
| CXE | MFS High Income Municipal… | $3.84 | 121.06M | +679% | -21% | -72% | — | 1575.35 | 0.91 | 37.98 | 58.54 | — | 0.91 | -0.11% | 102.52% | 2.41% | 0.06% | 1.59% | 0.03% | 0.53 | 1.02 | 0.27 | 0.27 | 21.50 | -9954.00% | -6907.00% | 659.00% | 5.01% | 0.42 | 2.94% | 5.42% | 8537.30% | 5.42% | 58.54 | 31.56 | 60.02 | 0.71 |
| DMO | Western Asset Mortgage Op… | $11.34 | 129.15M | +722% | +869% | — | +127% | 6.86 | 0.86 | 4.86 | — | 27.66 | 0.86 | 99.03% | 104.56% | 70.84% | 12.50% | 10.37% | 6.89% | 0.84 | 3.09 | 0.16 | 0.55 | — | 2479.00% | 948.00% | -9135.00% | 0.67% | 0.20 | 0.32% | 14.75% | 101.10% | 98.83% | 9.18 | 294.70 | 9.60 | 0.67 |
| IGI | Western Asset Investment … | $16.46 | 98.66M | +1,024% | -11% | +23% | — | 23.96 | 0.90 | 30.91 | 23.80 | — | 0.90 | 77.67% | -54.62% | 129.01% | 3.73% | -1.59% | 3.70% | 0.00 | — | 3.54 | 5.24 | -0.02 | -11860.00% | -11454.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.03% | -56.13 | — | 30.66 | 99.93 |
| JHI | John Hancock Investors Tr… | $13.83 | 120.94M | +142% | -51% | -81% | +5% | 11.84 | 0.92 | 8.08 | 20.42 | — | 0.92 | 69.98% | 68.30% | 68.30% | 7.77% | 4.68% | 4.56% | 0.67 | 2.28 | 1.15 | 1.15 | 8.58 | -5148.00% | 465.00% | -818.00% | 7.80% | 2.61 | 4.32% | 8.74% | 103.50% | 8.74% | 20.42 | 22.11 | 13.94 | 0.75 |
| JHS | John Hancock Income Secur… | $11.56 | 134.63M | +86% | -17% | -31% | — | 12.29 | 0.94 | 12.99 | 14.12 | — | 0.94 | 86.45% | 150.19% | 105.71% | 7.75% | 6.80% | 4.69% | 0.63 | 3.38 | 0.00 | 0.08 | 5.80 | -4136.00% | -4533.00% | 3841.00% | 5.50% | 0.08 | 3.23% | 5.29% | 65.00% | 5.29% | 14.12 | 29.68 | 21.20 | 0.49 |
| MGF | MFS Government Markets In… | $2.99 | 97.44M | +1,005% | -25% | +42% | +238% | 14.39 | 0.88 | 36.22 | 14.39 | 1.17 | 0.88 | 262.65% | 251.79% | 251.79% | 6.04% | 6.08% | 5.78% | 0.00 | — | 25.19 | 25.19 | 0.00 | 122450.00% | 4481.00% | — | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | 14.39 | — | 36.22 | 15.76 |
| PFO | Flaherty & Crumrine Prefe… | $9.54 | 124.76M | +172% | -40% | -51% | +12% | 11.93 | 0.93 | 8.62 | 13.86 | — | 0.93 | 89.74% | 101.46% | 72.28% | 7.86% | 6.91% | 4.89% | 0.60 | 3.48 | 0.00 | 5.69 | 5.45 | -5500.00% | 533.00% | 559.00% | 6.25% | 13.58 | 3.67% | 6.73% | 80.30% | 6.73% | 13.86 | 26.08 | 14.06 | 1.22 |
About Western Asset Investment Grade Income Fund Inc.
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.
- CEO
- Kenneth Donald Fuller
- Employees
- 0
- Beta
- 0.51
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($9.59 ÷ $12.22) − 1 = -21.52% (DCF, example).