Is First Trust Intermediate Duration Preferred & Income Fund overvalued?

First Trust Intermediate Duration Preferred & Income Fund (FPF) looks overvalued — trading about 15% above its fair value.

Overvalued

Price

$18.14

Fair value

$15.47

Current P/E

9.2

Normal P/E

7.9

Market cap

$1.10B

Dividend yield

8.7%

Return on equity

9.8%

Sector

Financial Services

Fair value compares FPF's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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