RMMZ (RiverNorth Managed Duration Municipalome Fund II) EV-to-FCF: 19.66 (As of Jul. 26, 2026) — 16% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

RMMZ RiverNorth Managed Duration Municipal Income Fund II Inc RMMZ
30 GF Score
Price $14.72
! 3 Warning Signs
View Full Analysis

What is RiverNorth Managed Duration Municipalome Fund II EV-to-FCF?

RiverNorth Managed Duration Municipalome Fund II RMMZ -0.27% 30 EV-to-FCF is 19.66 as of Jul. 26, 2026, which is 16% above its 10-year median of 16.89. GuruFocus rates RMMZ with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 938 Asset Management companies, RiverNorth Managed Duration Municipalome Fund II ranks worse than 61.3% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, RiverNorth Managed Duration Municipalome Fund II's Enterprise Value is $217.57 Mil. RiverNorth Managed Duration Municipalome Fund II's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $11.07 Mil. Therefore, RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF for today is 19.66.

The historical rank and industry rank for RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF or its related term are showing as below:

RMMZ' s EV-to-FCF Range Over the Past 10 Years
Min: -1610.7   Med: 16.89   Max: 19.66
Current: 19.66

During the past 4 years, the highest EV-to-FCF of RiverNorth Managed Duration Municipalome Fund II was 19.66. The lowest was -1610.70. And the median was 16.89.

RMMZ's EV-to-FCF is ranked worse than
61.3% of 938 companies
in the Asset Management industry
Industry Median: 14.495 vs RMMZ: 19.66

EV-to-FCF 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.

As of today (2026-07-26), RiverNorth Managed Duration Municipalome Fund II's stock price is $14.72. RiverNorth Managed Duration Municipalome Fund II's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.070. Therefore, RiverNorth Managed Duration Municipalome Fund II's PE Ratio (TTM) for today is 210.29.


RiverNorth Managed Duration Municipalome Fund II  (NYSE:RMMZ) EV-to-FCF Explanation

EV-to-FCF 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.

RiverNorth Managed Duration Municipalome Fund II's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=14.72/0.070
=210.29

RiverNorth Managed Duration Municipalome Fund II's share price for today is $14.72.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. RiverNorth Managed Duration Municipalome Fund II's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.070.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


RiverNorth Managed Duration Municipalome Fund II EV-to-FCF Related Terms


RiverNorth Managed Duration Municipalome Fund II EV-to-FCF Historical Data

* Premium members only.

The historical data trend for RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF can be seen below:

* 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.

RiverNorth Managed Duration Municipalome Fund II EV-to-FCF Chart

RiverNorth Managed Duration Municipalome Fund II Annual Data
Trend Jun22 Jun23 Jun24 Jun25
EV-to-FCF
0.00 -1,602.02 17.18 17.20

RiverNorth Managed Duration Municipalome Fund II Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial 0.00 17.18 0.00 17.20 0.00

RMMZ vs WEA, VFL, JHS: EV-to-FCF Comparison

For the Asset Management subindustry, RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


RiverNorth Managed Duration Municipalome Fund II EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF falls into.


RMMZ
30GF Score
RiverNorth Managed Duration Municipal Income Fund II Inc RMMZ
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RiverNorth Managed Duration Municipalome Fund II EV-to-FCF Calculation

RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=217.573/11.069
=19.66

RiverNorth Managed Duration Municipalome Fund II's current Enterprise Value is $217.57 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. RiverNorth Managed Duration Municipalome Fund II's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $11.07 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 19.66 mean?
RiverNorth Managed Duration Municipalome Fund II (RMMZ) has a EV-to-FCF of 19.66 as of Jul. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on RiverNorth Managed Duration Municipalome Fund II and its competitors. This is 16% above median its historical median of 16.89. According to the industry distribution chart, RiverNorth Managed Duration Municipalome Fund II ranks #575 out of 938 companies in the Asset Management industry, placing it in the top 61.3%.
Is RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF too high?
RiverNorth Managed Duration Municipalome Fund II's current EV-to-FCF of 19.66 is 16% above median its 10-year median of 16.89. The Asset Management industry median EV-to-FCF is 14.50. RiverNorth Managed Duration Municipalome Fund II's value of 19.66 is 35.6% above this industry median. Based on the distribution chart, RiverNorth Managed Duration Municipalome Fund II ranks #575 out of 938 companies in the Asset Management industry, which is below the industry midpoint. Overall, RiverNorth Managed Duration Municipalome Fund II has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does RiverNorth Managed Duration Municipalome Fund II's EV-to-FCF compare to WEA and VFL?
According to the Asset Management industry distribution chart, RiverNorth Managed Duration Municipalome Fund II ranks #575 out of 938 companies for EV-to-FCF. This places RiverNorth Managed Duration Municipalome Fund II in the lower half of its industry. The industry median EV-to-FCF is 14.50. RiverNorth Managed Duration Municipalome Fund II's value of 19.66 is 35.6% above this benchmark. While the company's 10-year median is 16.89 vs. the industry median of 14.50, RiverNorth Managed Duration Municipalome 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-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.50, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RiverNorth Managed Duration Municipalome Fund II's current EV-to-FCF of 19.66 is 35.6% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on RiverNorth Managed Duration Municipalome Fund II and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RiverNorth Managed Duration Municipalome Fund II's current EV-to-FCF is 19.66, which is 16% above median its own 10-year median of 16.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RiverNorth Managed Duration Municipalome Fund II stock overvalued right now?
RiverNorth Managed Duration Municipalome Fund II (RMMZ) has a current EV-to-FCF of 19.66. The current EV-to-FCF is 19.66, which is 16% above median its 10-year median of 16.89 and 35.6% above the Asset Management industry median of 14.50. RiverNorth Managed Duration Municipalome Fund II's overall GF Score™ is 30/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For RiverNorth Managed Duration Municipalome Fund II (RMMZ), the current EV-to-FCF is 19.66 as of Jul. 26, 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.

RiverNorth Managed Duration Municipalome Fund II Business Description

Address 360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
RiverNorth Managed Duration Municipal Income Fund II Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
30GF Score

Get the complete analysis for RMMZ

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.72
Price