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MHF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.95 Med: 0.99 Max: 1
Current: 0.96
During the past 9 years, the highest Equity to Asset Ratio of Western Asset Municipal Highome Fund was 1.00. The lowest was 0.95. And the median was 0.99.
MHF's Equity-to-Asset is ranked better than 74.86% of 1627
companies
in the Asset Management industry
Industry Median: 0.83
vs MHF: 0.96
Western Asset Municipal Highome Fund (NYSE:MHF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Western Asset Municipal Highome Fund Equity-to-Asset Related Terms
Western Asset Municipal Highome Fund Equity-to-Asset 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.
Western Asset Municipal Highome Fund Equity-to-Asset Chart
For the Asset Management subindustry, Western Asset Municipal Highome Fund's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Municipal Highome Fund Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Municipal Highome Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Western Asset Municipal Highome Fund's Equity-to-Asset falls into.
Western Asset Municipal Highome Fund Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 Municipal Highome Fund (MHF) has a Equity-to-Asset of 0.96 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Western Asset Municipal Highome Fund and its competitors. This is near median its historical median of 0.99. Over the past decade, Western Asset Municipal Highome Fund's Equity-to-Asset has ranged from 0.95 to 1.00. According to the industry distribution chart, Western Asset Municipal Highome Fund ranks #409 out of 1627 companies in the Asset Management industry, placing it in the top 25.1%.
Is Western Asset Municipal Highome Fund's Equity-to-Asset too high?
Western Asset Municipal Highome Fund's current Equity-to-Asset of 0.96 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.00. The Asset Management industry median Equity-to-Asset is 0.83. Western Asset Municipal Highome Fund's value of 0.96 is 15.7% above this industry median. Based on the distribution chart, Western Asset Municipal Highome Fund ranks #409 out of 1627 companies in the Asset Management industry, which is above the industry midpoint. Overall, Western Asset Municipal Highome Fund has a GF Scoreâ„¢ of 45/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Municipal Highome Fund's Equity-to-Asset compare to WHF and GLQ?
According to the Asset Management industry distribution chart, Western Asset Municipal Highome Fund ranks #409 out of 1627 companies for Equity-to-Asset. This puts Western Asset Municipal Highome Fund in the upper half of its industry. The industry median Equity-to-Asset is 0.83. Western Asset Municipal Highome Fund's value of 0.96 is 15.7% above this benchmark. Historically, Western Asset Municipal Highome Fund's own Equity-to-Asset has ranged from 0.95 to 1.00 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.83, Western Asset Municipal Highome Fund 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 Equity-to-Asset for an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,627 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Asset Municipal Highome Fund's current Equity-to-Asset of 0.96 is 15.7% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Western Asset Municipal Highome Fund and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Municipal Highome Fund's current Equity-to-Asset is 0.96, which is near median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Municipal Highome Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Municipal Highome Fund (MHF) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.27, compared to a current price of $6.73 — trading 49.3% below its estimated fair value. The current Equity-to-Asset is 0.96, which is near median its 10-year median of 0.99 and 15.7% above the Asset Management industry median of 0.83. Western Asset Municipal Highome Fund's overall GF Score™ is 45/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Western Asset Municipal Highome Fund (MHF), the current Equity-to-Asset is 0.96 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 Western Asset Municipal Highome Fund (MHF) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Municipal Highome Fund stock appears to be undervalued.
The current stock price of $6.73 is trading 49.3% below its estimated GF Value™ of $13.27.
GuruFocus considers Western Asset Municipal Highome Fund to be Significantly Undervalued.
Key valuation signals for MHF:
Equity-to-Asset: 0.96 (near median its 10-year median of 0.99)
GF Value™: $13.27 vs. price of $6.73 (49.3% below fair value)
Industry Position: 15.7% above the Asset Management median (#409 of 1627)
No single metric tells the full story. See the MHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Municipal High Income Fund Inc is a diversified closed-end management investment company. The company's objective is to seek high current income exempt from federal income taxes. It invests predominantly in intermediate and long-term municipal debt securities issued by state and local governments.
45GF Score
Get the complete analysis for MHF
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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