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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
PMO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.11
Current: 0.05
During the past 9 years, the highest Debt-to-Equity Ratio of Putnam Municipal Opportunities Trust was 0.11. The lowest was 0.02. And the median was 0.08.
PMO's Debt-to-Equity is ranked better than 81.51% of 952
companies
in the Asset Management industry
Industry Median: 0.21
vs PMO: 0.05
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Putnam Municipal Opportunities Trust Debt-to-Equity Related Terms
Putnam Municipal Opportunities Trust Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Putnam Municipal Opportunities Trust Debt-to-Equity Chart
For the Asset Management subindustry, Putnam Municipal Opportunities Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Putnam Municipal Opportunities Trust Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Municipal Opportunities Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Putnam Municipal Opportunities Trust's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Putnam Municipal Opportunities Trust (PMO) has a Debt-to-Equity of 0.05 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Putnam Municipal Opportunities Trust and its competitors. This is 38% below median its historical median of 0.08. Over the past decade, Putnam Municipal Opportunities Trust's Debt-to-Equity has ranged from 0.02 to 0.11. According to the industry distribution chart, Putnam Municipal Opportunities Trust ranks #176 out of 952 companies in the Asset Management industry, placing it in the top 18.5%.
Is Putnam Municipal Opportunities Trust's Debt-to-Equity too high?
Putnam Municipal Opportunities Trust's current Debt-to-Equity of 0.05 is 38% below median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.11. The Asset Management industry median Debt-to-Equity is 0.21. Putnam Municipal Opportunities Trust's value of 0.05 is 76.2% below this industry median. Based on the distribution chart, Putnam Municipal Opportunities Trust ranks #176 out of 952 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Putnam Municipal Opportunities Trust has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Putnam Municipal Opportunities Trust's Debt-to-Equity compare to MMD and EFT?
According to the Asset Management industry distribution chart, Putnam Municipal Opportunities Trust ranks #176 out of 952 companies for Debt-to-Equity. This places Putnam Municipal Opportunities Trust in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.21. Putnam Municipal Opportunities Trust's value of 0.05 is 76.2% below this benchmark. Historically, Putnam Municipal Opportunities Trust's own Debt-to-Equity has ranged from 0.02 to 0.11 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.21, Putnam Municipal Opportunities Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 952 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Putnam Municipal Opportunities Trust's current Debt-to-Equity of 0.05 is 76.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Putnam Municipal Opportunities Trust and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Municipal Opportunities Trust's current Debt-to-Equity is 0.05, which is 38% below median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putnam Municipal Opportunities Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust (PMO) is currently considered Possible Value Trap. The stock's GF Value™ is $20.56, compared to a current price of $10.51 — trading 48.9% below its estimated fair value. The current Debt-to-Equity is 0.05, which is 38% below median its 10-year median of 0.08 and 76.2% below the Asset Management industry median of 0.21. Putnam Municipal Opportunities Trust's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Putnam Municipal Opportunities Trust (PMO), the current Debt-to-Equity is 0.05 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Putnam Municipal Opportunities Trust (PMO) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust stock appears to be undervalued.
The current stock price of $10.51 is trading 48.9% below its estimated GF Value™ of $20.56.
GuruFocus considers Putnam Municipal Opportunities Trust to be Possible Value Trap.
Key valuation signals for PMO:
Debt-to-Equity: 0.05 (38% below median its 10-year median of 0.08)
GF Value™: $20.56 vs. price of $10.51 (48.9% below fair value)
Industry Position: 76.2% below the Asset Management median (#176 of 952)
No single metric tells the full story. See the PMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.
48GF Score
Get the complete analysis for PMO
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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