Is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares overvalued?

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) looks overvalued — trading about 29% above its fair value.

Overvalued

Price

$13.81

Fair value

$9.77

Current P/E

31.4

Normal P/E

22.2

Market cap

$88.58B

Dividend yield

0.0%

Return on equity

3.7%

Sector

Financial Services

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

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