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Western Asset Highome Fund IIHIX -1.00%50 EV-to-OCF is 7.00 as of Jul. 23, 2026, which is 32% below its 10-year median of 10.34. GuruFocus rates HIX with a GF Score™ of 50/100 and a GF Value™ of $6.05 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,508 Asset Management companies, Western Asset Highome Fund II ranks worse than 51.86% on this metric.
The historical rank and industry rank for Western Asset Highome Fund II's EV-to-OCF or its related term are showing as below:
HIX'
s EV-to-OCF Range Over the Past 10 Years
Min: -4.78 Med: 10.34 Max: 30.06
Current: 7
During the past 9 years, the highest EV-to-OCF of Western Asset Highome Fund II was 30.06. The lowest was -4.78. And the median was 10.34.
HIX's EV-to-OCF is ranked worse than 51.86% of 1508
companies
in the Asset Management industry
Industry Median: 6.29
vs HIX: 7.00
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Western Asset Highome Fund II (NYSE:HIX) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Western Asset Highome Fund II's PE Ratio (TTM) for today is calculated as:
Western Asset Highome Fund II's share price for today is $3.95.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Highome Fund II's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was $0.505.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Western Asset Highome Fund II EV-to-OCF Related Terms
Western Asset Highome Fund II EV-to-OCF 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.
For the Asset Management subindustry, Western Asset Highome Fund II's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Western Asset Highome Fund II EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Western Asset Highome Fund II's EV-to-OCF falls into.
Western Asset Highome Fund II's current Enterprise Value is $522.70 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Asset Highome Fund II's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was $74.72 Mil.
* 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.
Western Asset Highome Fund II (HIX) has a EV-to-OCF of 7.00 as of Jul. 23, 2026. This is 32% below median its historical median of 10.34. According to the industry distribution chart, Western Asset Highome Fund II ranks #782 out of 1508 companies in the Asset Management industry, placing it in the top 51.9%.
Is Western Asset Highome Fund II's EV-to-OCF too high?
Western Asset Highome Fund II's current EV-to-OCF of 7.00 is 32% below median its 10-year median of 10.34. The Asset Management industry median EV-to-OCF is 6.29. Western Asset Highome Fund II's value of 7.00 is 11.3% above this industry median. Based on the distribution chart, Western Asset Highome Fund II ranks #782 out of 1508 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Highome Fund II has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Highome Fund II's EV-to-OCF compare to MIY and JGH?
According to the Asset Management industry distribution chart, Western Asset Highome Fund II ranks #782 out of 1508 companies for EV-to-OCF. This places Western Asset Highome Fund II in the lower half of its industry. The industry median EV-to-OCF is 6.29. Western Asset Highome Fund II's value of 7.00 is 11.3% above this benchmark. While the company's 10-year median is 10.34 vs. the industry median of 6.29, Western Asset Highome Fund II has consistently been above 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 EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 6.29, based on 1,508 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Asset Highome Fund II's current EV-to-OCF of 7.00 is 11.3% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Highome Fund II's current EV-to-OCF is 7.00, which is 32% below median its own 10-year median of 10.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Highome Fund II stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Highome Fund II (HIX) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.05, compared to a current price of $3.95 — trading 34.7% below its estimated fair value. The current EV-to-OCF is 7.00, which is 32% below median its 10-year median of 10.34 and 11.3% above the Asset Management industry median of 6.29. Western Asset Highome Fund II's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Western Asset Highome Fund II (HIX), the current EV-to-OCF is 7.00 as of Jul. 23, 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 Western Asset Highome Fund II (HIX) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Highome Fund II stock appears to be undervalued.
The current stock price of $3.95 is trading 34.7% below its estimated GF Value™ of $6.05.
GuruFocus considers Western Asset Highome Fund II to be Significantly Undervalued.
Key valuation signals for HIX:
EV-to-OCF: 7.00 (32% below median its 10-year median of 10.34)
GF Value™: $6.05 vs. price of $3.95 (34.7% below fair value)
Industry Position: 11.3% above the Asset Management median (#782 of 1508)
No single metric tells the full story. See the HIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Highome Fund II Business Description
Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its investment objective is to maximize current income by investing at least 80% of its net assets and borrowings for investment purposes in high-yield debt securities.
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