BlackRock Virginia Municipal Bond Trust (BHV) Key Metrics
BHV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $18.2M
- Enterprise value
- $31.3M
- P/E (TTM)
- 14.6 10-yr median 20.0
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 80.3 10-yr median 19.1
- Price / book
- 1.1 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 30.8
- Dividend yield
- 4.79% $0.55 a year
- Beta
- 0.99
BHV key metrics, FY2017–FY2026
Fiscal year ended July 31, 2026 · U.S. dollarsBHV valuation Price multiples at each fiscal year-end price.
BHV returns How much profit the business earns on the capital it uses.
BHV per-share figures Results divided by the shares outstanding at year-end.
BHV financial health Debt, liquidity and how easily interest is covered.
BHV efficiency & capital use Working capital cycle and where the cash goes.
BHV valuation history
BHV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BHV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BHV cash returned to shareholders
BHV price vs earnings per share
BHV key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.4M | $16.6M | $17.6M | $17.3M | — | $29.0M | $24.6M | $26.5M | $26.6M | $33.2M |
| Enterprise value | $31.0M | $27.1M | $28.4M | $26.0M | — | $44.4M | $40.0M | $48.9M | $44.4M | $49.3M |
| P/E ratio | 16.6 | — | 25.6 | — | — | 20.0 | 53.8 | 12.5 | — | — |
| Price / sales | 14.9 | 16.5 | 19.2 | — | — | 18.9 | 40.8 | 11.6 | 190.1 | 697.3 |
| Price / book | 1.1 | 1.0 | 0.9 | 0.9 | — | 0.7 | 1.0 | 0.6 | 1.1 | 1.3 |
| Price / free cash flow | 43.7 | 29.5 | 6.3 | 10.1 | — | 33.4 | 18.7 | 25.8 | 59.5 | 88.8 |
| Price / operating cash flow | 43.7 | 16.9 | 6.3 | 10.1 | — | 33.4 | 18.7 | 25.8 | 59.5 | 88.8 |
| EV / sales | 22.7 | 27.0 | 31.0 | — | — | 29.0 | 66.5 | 21.3 | 317.1 | — |
| EV / EBITDA | 19.1 | — | 21.7 | — | — | 30.8 | 87.5 | 23.0 | 185.8 | 716.1 |
| EV / free cash flow | 66.6 | 48.1 | 10.2 | 15.1 | — | 51.2 | 30.5 | 47.5 | 99.3 | 132.0 |
| Earnings yield | 6.0% | −9.0% | 3.9% | −4.7% | — | 5.0% | 1.9% | 8.0% | −0.0% | −0.3% |
| Free cash flow yield | 2.3% | 3.4% | 15.8% | 9.9% | — | 3.0% | 5.3% | 3.9% | 1.7% | 1.1% |
| Dividend yield | 4.1% | 6.0% | 3.5% | 4.0% | — | 2.9% | 3.5% | 3.9% | 4.5% | 3.5% |
| Shareholder yield (dividends + buybacks) | 4.1% | 6.0% | 4.4% | 4.4% | — | 2.9% | 3.5% | 3.9% | 4.5% | 3.5% |
| Share price at fiscal year-end | $12.81 | $10.45 | $11.11 | $10.78 | $14.41 | $17.98 | $15.30 | $16.52 | $16.58 | $18.06 |
| Per share | ||||||||||
| Revenue per share | $0.86 | $0.63 | $0.58 | $0.00 | — | $0.95 | $0.37 | $1.43 | $0.09 | $0.03 |
| Earnings per share | $0.77 | −$0.94 | $0.43 | −$0.51 | — | $0.90 | $0.28 | $1.32 | −$0.01 | −$0.05 |
| Operating cash flow per share | $0.29 | $0.62 | $1.75 | $1.07 | — | $0.54 | $0.82 | $0.64 | $0.28 | $0.20 |
| Free cash flow per share | $0.29 | $0.35 | $1.75 | $1.07 | — | $0.54 | $0.82 | $0.64 | $0.28 | $0.20 |
| Cash per share | $0.56 | $0.70 | $0.50 | $3.00 | — | $0.58 | $0.63 | $0.00 | $0.01 | — |
| Book value per share | $11.14 | $10.94 | $12.48 | $12.44 | — | $25.98 | $15.38 | $26.24 | $14.97 | $13.73 |
| Tangible book value per share | $11.14 | $10.94 | $12.48 | $12.44 | — | $25.98 | $15.38 | $26.24 | $14.97 | $13.73 |
| Dividends per share | $0.52 | $0.63 | $0.38 | $0.43 | — | $0.52 | $0.53 | $0.65 | $0.75 | $0.63 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $7.28 | $7.28 | $7.28 | $8.45 | — | $10.20 | $10.23 | $13.90 | $11.09 | $8.81 |
| Shares outstanding | 1.6M | 1.6M | 1.6M | 1.6M | — | 1.6M | 1.6M | 1.6M | 1.6M | 1.8M |
| Change in shares outstanding | +0.0% | 0.0% | −1.0% | — | — | +0.1% | +0.1% | +0.2% | −12.7% | +14.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.0% | −8.0% | 3.5% | −3.9% | −10.6% | 4.3% | 1.4% | 6.4% | −0.0% | −0.4% |
| Return on invested capital (ROIC) | 4.8% | −2.6% | 2.1% | −2.0% | −5.3% | 3.0% | 0.9% | 4.0% | 0.5% | 0.1% |
| Return on assets (ROA) | 4.2% | −4.9% | 2.1% | −2.3% | −8.6% | 3.5% | 1.1% | 5.0% | −0.0% | −0.2% |
| Return on tangible assets | 4.2% | −5.1% | 2.2% | −2.3% | −9.3% | 3.4% | 1.1% | 5.0% | −0.0% | −0.2% |
| Free cash flow margin | 34.2% | 56.0% | 303.5% | — | 99.0% | 56.6% | 218.1% | 44.9% | 319.4% | 785.6% |
| Income quality (OCF / net income) | 0.38 | — | 4.03 | — | — | 0.60 | 2.87 | 0.48 | — | — |
| Financial health | ||||||||||
| Total debt | $11.6M | $11.6M | $11.6M | $13.6M | $17.6M | $16.4M | $16.4M | $22.3M | $17.8M | $16.2M |
| Cash & short-term investments | $883,739 | $1.1M | $792,630 | $4.8M | $2.0M | $929,315 | $1.0M | $6,133 | $13,074 | — |
| Net debt | $10.7M | $10.5M | $10.8M | $8.7M | $15.6M | $15.5M | $15.4M | $22.3M | $17.8M | $16.2M |
| Debt / equity | 0.65 | 0.67 | 0.58 | 0.68 | 0.82 | 0.39 | 0.67 | 0.53 | 0.74 | 0.64 |
| Debt / assets | 0.39 | 0.40 | 0.37 | 0.39 | 0.48 | 0.39 | 0.40 | 0.53 | 0.41 | 0.39 |
| Net debt / EBITDA | 6.59 | — | 8.23 | — | — | 10.73 | 33.74 | 10.51 | 74.42 | 234.71 |
| Current ratio | — | 2.33 | 8.31 | 121.15 | 0.11 | 5.07 | 5.50 | 5.49 | 0.82 | 1.25 |
| Quick ratio | — | 2.33 | 8.31 | 121.15 | 0.11 | 5.07 | 5.50 | 5.49 | 0.82 | 1.25 |
| Interest coverage | 4.3 | — | 1.5 | -1.7 | -16.6 | 9.1 | 2.0 | 6.7 | 1.0 | 0.4 |
| Working capital | — | $191,912 | $1.0M | $278,023 | −$2.8M | $301,930 | $331,726 | $412,164 | −$303,287 | $117,001 |
| Invested capital | $28.4M | $27.8M | $30.6M | $28.7M | $37.0M | $57.3M | $40.2M | $64.5M | $41.8M | $41.4M |
| Tangible asset value | $17.7M | $17.4M | $19.8M | $20.0M | $21.5M | $41.8M | $24.7M | $42.2M | $24.0M | $25.2M |
| Net current asset value | −$10.5M | −$11.4M | −$10.5M | −$14.4M | −$14.4M | $301,930 | −$16.2M | $412,164 | −$18.1M | −$15.8M |
| Graham number | $13.89 | — | $11.05 | — | — | $22.89 | $9.92 | $27.95 | — | — |
| Graham net-net per share | −$6.65 | −$6.52 | −$6.73 | −$6.02 | — | $0.71 | −$9.49 | $0.18 | −$11.48 | −$8.67 |
| Capital allocation | ||||||||||
| Dividends paid | $831,704 | $1.0M | $609,208 | $688,898 | $781,643 | $843,882 | $850,567 | $1.0M | $1.2M | $1.2M |
| Share buybacks (net) | — | — | $158,886 | $75,425 | — | — | — | — | — | — |
| Dividend payout ratio | 68.0% | — | 88.2% | — | — | 58.4% | 185.9% | 48.9% | — | — |
| Dividends + buybacks / free cash flow | 178.4% | 178.4% | 27.6% | 44.4% | 70.1% | 97.2% | 64.7% | 101.0% | 268.2% | 309.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | — | — | — | 0.00 | — | — | — | — | — | — |
| R&D / revenue | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| SG&A / revenue | — | 41.4% | 16.8% | — | 32.4% | 8.3% | 30.6% | 9.1% | 135.3% | 381.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 88.4 | 111.0 | 113.5 | — | 104.8 | 93.0 | 273.5 | 151.5 | 2,588.4 | 4,290.9 |
| Days payables outstanding | — | — | 394.1 | 1,410.9 | — | 53.8 | 47.4 | 424.0 | 480.1 | 69.4 |
| Cash conversion cycle (days) | — | — | -280.7 | — | — | 39.2 | 226.1 | -272.6 | 2,108.3 | 4,221.5 |
| Receivables turnover | 4.13 | 3.29 | 3.22 | 0.00 | 3.48 | 3.92 | 1.33 | 2.41 | 0.14 | 0.09 |
| Payables turnover | — | — | 0.93 | 0.26 | — | 6.78 | 7.69 | 0.86 | 0.76 | 5.26 |
| Asset turnover | 0.05 | 0.03 | 0.03 | 0.00 | 0.03 | 0.04 | 0.01 | 0.05 | 0.00 | 0.00 |
| Average receivables | $330,448 | $305,199 | $285,104 | $275,816 | $323,688 | $390,726 | $451,581 | $952,252 | $991,857 | $559,190 |
| Average payables | — | — | $566,043 | $1.1M | — | $73,898 | $82,702 | $858,523 | $868,732 | $108,876 |
| Average inventory | — | — | — | — | — | — | — | $0 | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from BHV's annual financial statements (latest annual report filed July 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BHV valuation and financial ratios
At the end of fiscal 2026 (July 31, 2026), BlackRock Virginia Municipal Bond traded at 16.6 times earnings, against a 10-year median of 20.0. Based on the latest twelve months, the trailing P/E is 14.6. BlackRock Virginia Municipal Bond earned a return on equity of 7.0% and a return on invested capital of 4.8% in fiscal 2026. It ended the year with $11.6 million of debt and $0.9 million in cash and short-term investments, net debt of $10.7 million. It returned $0.8 million to shareholders: $0.8 million in dividends and $0 in share buybacks, 178% of free cash flow. The share count fell 13.5% from 1.8M to 1.6M over 9 years.
See the BHV income statement, the BHV chart for price history, or the BHV stock overview for the latest quote and news.
BHV key metrics FAQ
What is BlackRock Virginia Municipal Bond's P/E ratio?
BlackRock Virginia Municipal Bond's trailing P/E ratio is 14.6 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2026 it was 16.6, compared with a 10-year median of 20.0.
What is BlackRock Virginia Municipal Bond's EV/EBITDA?
BlackRock Virginia Municipal Bond's enterprise value was 19.1 times EBITDA at the end of fiscal 2026 (enterprise value $31.0 million, EBITDA $1.6 million).
What is BlackRock Virginia Municipal Bond's return on equity?
BlackRock Virginia Municipal Bond's return on equity (ROE) was 7.0% in fiscal 2026: net income of $1.2 million on average shareholders' equity of $17.5 million.
What is BlackRock Virginia Municipal Bond's ROIC?
BlackRock Virginia Municipal Bond's return on invested capital was 4.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BlackRock Virginia Municipal Bond have?
BlackRock Virginia Municipal Bond had total debt of $11.6 million at the end of fiscal 2026, a debt-to-equity ratio of 0.65 and $10.7 million of net debt (6.59 times EBITDA).
What is BlackRock Virginia Municipal Bond's dividend yield?
BlackRock Virginia Municipal Bond's forward dividend yield is 4.79%. BlackRock Virginia Municipal Bond paid $0.8 million in dividends in fiscal 2026 ($0.52 per share), a payout ratio of 68.0%.
What is BlackRock Virginia Municipal Bond's free cash flow yield?
BlackRock Virginia Municipal Bond generated $0.5 million of free cash flow in fiscal 2026, a free cash flow yield of 2.3% on its market value at year-end ($20.4 million).