Is First Trust High Yield Opportunities 2027 Term Fund overvalued?

First Trust High Yield Opportunities 2027 Term Fund (FTHY) looks overvalued — trading about 28% above its fair value.

Overvalued

Price

$13.56

Fair value

$9.75

Current P/E

13.2

Normal P/E

9.5

Market cap

$498.7M

Dividend yield

10.6%

Return on equity

8.2%

Sector

Financial Services

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

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