Invesco High Income Trust II (VLT) Fair Value 2026

VLT · Asset Management ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

4.6 /10

32 fundamental signals · 3 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-08-28, Invesco High Income Trust II (VLT) trades at $9.90, versus a $7.96 median fair value across its 3 active models — 19.6% below the current price. QOC: 4.6/10. Value Trap Risk: 0/100 (SAFE). 3/13 models active.

Key Facts

Ticker
VLT
Price
$9.90
Quality Score
4.6/10
Value Trap Risk
0/100
Models Active
3/13
Last Updated
Strength: Markov DDM suggests +64.6% upside with 16% confidence
Risk: Below-average Quality Score of 4.6/10 signals weak fundamentals

Is Invesco High Income Trust II (VLT) Undervalued or Overvalued in 2026?

According to CirclFi’s 3-model valuation engine, Invesco High Income Trust II (VLT) appears overvalued as of : the median of 3 independent fair value estimates is $7.96, 19.6% below the current price of $9.90. Estimates range from $6.47 to $16.30. VLT scores 4.6/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. VLT’s -19.6% gap is narrower than that market norm, and the Asset Management sector median is -4.4%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Invesco High Income Trust II Stock in 2026? →

What Fair Value Does Each Model Give VLT?

3 Intrinsic Value Models vs. Current Price ($9.90)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · Low Conviction
 $16.30 +64.6%
Relative · Low Conviction
 $7.96 -19.6%
Option-Based · Low Conviction
 $6.47 -34.6%

All Models Active

All 3 models are displayed above.

What Is VLT's Fair Value Range?

Spread across 3 independent models · $6.47 to $16.30

CirclFi's 3 active models place Invesco High Income Trust II (VLT) between $6.47 and $16.30 per share, a spread of 123% of the median. The median of that range — $7.96 — is the fair value CirclFi publishes for VLT, against a current price of $9.90.

Low · PWERMHigh · Markov DDM
$6.47median $7.96$16.30
Where the range comes from
Most bearish modelPWERM$6.47
Most bullish modelMarkov DDM$16.30
Model agreement1 bullish · 2 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for VLT. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on VLT, not a CirclFi price target. How each model works →

What Is Invesco High Income Trust II (VLT) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Invesco High Income Trust II's intrinsic value is estimated at a median fair value of $7.96. Trading at $9.90, the stock is approaching fair value or slight overvaluation (implied return of -19.6%), as 2 of 3 models suggest limited further upside. The most optimistic model, Markov DDM, places fair value at $16.30 (+64.6%), while PWERM — the most conservative — estimates $6.47 (-34.6%). This +99.3% gap reflects genuine analytical uncertainty about Invesco High Income Trust II's intrinsic worth.

What Do the Models Say About VLT?

3 of 13 models are currently active for VLT. Of these, 1 model suggests upside while 2 models suggest overvaluation. Taken together, their median fair value for VLT is $7.96 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does VLT Rank in Asset Management?

Among 187 Asset Management stocks, VLT ranks #141 by Quality of Company score. CirclFi's QOC score of 4.6/10 evaluates 32 fundamental signals. A score of 4.6 reflects mixed fundamentals.

See all Most Undervalued Asset Management Stocks →

Invesco High Income Trust II operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is VLT a Value Trap?

CirclFi's Value Trap algorithm assigns VLT a score of 0/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

3 of 13 models are active for Invesco High Income Trust II. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Invesco High Income Trust II scores 4.6 out of 10 on our 32-signal quality assessment, a moderate rating that shows mixed signals across our quality framework with notable weaknesses. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +99.3% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every VLT valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across VLT's 3 active models, average confidence is 13%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Invesco High Income Trust II Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Asset Management Stocks Should You Also Analyze?

11 related Asset Management stocks with 13-model coverage

BMEBlackRock Health Sciences TrustQOC 4.6FINSAngel Oak Financial Strategies Income Term TrustQOC 4.6BKTBlackRock Income Trust, Inc.QOC 4.7SDEVStablecoin Development CorporatQOC 4.6BDJBlackRock Enhanced Equity Dividend TrustQOC 4.7BHKBlackRock Core Bond TrustQOC 4.6ALPAlpha Compute CorpQOC 2.1GLADGladstone Capital CorporationQOC 6.9CFNBCalifornia First Leasing CorporationQOC 5.3HLNEHamilton Lane IncorporatedQOC 9.3AMPAmeriprise Financial, Inc.QOC 9.3

Read investment analysis: BME · FINS · BKT · SDEV · BDJ · BHK · ALP · GLAD · CFNB · HLNE · AMP

Which Other Stocks Have a Similar Quality Score to VLT?

6 companies across all industries closest to VLT’s Quality of Company score of 4.6/10.

ASTLAlgoma Steel Group Inc.QOC 4.6BMEABiomea Fusion, Inc.QOC 4.6BDRXBiodexa Pharmaceuticals PlcQOC 4.6RMSLREMSleep Holdings, Inc.QOC 4.6NMRANeumora Therapeutics, Inc.QOC 4.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: ASTL · BMEA · BDRX · RMSL · NMRA · NVDA

Where Does VLT Sit in CirclFi's Asset Management Rankings?

VLT is ranked against every other Asset Management stock CirclFi covers in each of these screens.

See all Asset Management stocks ranked →

What Else Do Investors Ask About Invesco High Income Trust II’s Valuation?

What is Invesco High Income Trust II's intrinsic value in 2026?

CirclFi puts Invesco High Income Trust II (VLT)'s intrinsic value at $7.96 — the median of 3 independent model estimates as of 2026-08-28, ranging from $6.47 to $16.30. The Quality of Company score is 4.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is VLT overvalued or undervalued right now?

At $9.90, 1 of 3 active models suggest VLT may be undervalued, while 2 indicate potential overvaluation. The median of all 3 fair value estimates is $7.96, 19.6% below the current price of $9.90 — a consensus view that VLT is overvalued. The assessment depends on which methodology best fits Invesco High Income Trust II's business model in Asset Management.

What does a Quality of Company score of 4.6 mean for VLT?

Invesco High Income Trust II's QOC of 4.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores below 5 flag potential fundamental weaknesses requiring careful analysis.

How many valuation models does CirclFi run on VLT?

CirclFi analyzes VLT with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 3 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on VLT?

Of the 3 models currently active on VLT, Markov DDM is the most bullish at $16.30 per share, and PWERM is the most bearish at $6.47. CirclFi's published fair value for VLT is the median of that range, $7.96, not either extreme. The gap between the two ends equals 123% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is VLT a value trap in 2026?

Invesco High Income Trust II's Value Trap score is 0/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 3-model valuation engine, Invesco High Income Trust II (VLT) has a median fair value of $7.96 — 19.6% below the current price of $9.90 — as of 2026-08-28.” Source: circlfi.com/stock/VLT/ · Methodology
Primary sources for this VLT valuation
  • Financial statements: Invesco High Income Trust II 10-K and 10-Q filings on SEC EDGAR (CIK 0000846671) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for VLT as of ; valuations recomputed .