Is XAI Madison Equity Premium Income Fund overvalued?

XAI Madison Equity Premium Income Fund (MCN) looks undervalued — trading about 17% below its fair value.

Undervalued

Price

$5.53

Fair value

$6.47

Current P/E

9.7

Normal P/E

11.4

Market cap

$116.1M

Dividend yield

10.7%

Return on equity

8.8%

Sector

Financial Services

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

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