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Putnam Municipal Opportunities Trust (NYSE:PMO) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Putnam Municipal Opportunities Trust Net Margin % Related Terms
Putnam Municipal Opportunities Trust Net Margin % 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 Net Margin % Chart
For the Asset Management subindustry, Putnam Municipal Opportunities Trust's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Municipal Opportunities Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where Putnam Municipal Opportunities Trust's Net Margin % 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 Net Margin % of 99.41% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on Putnam Municipal Opportunities Trust and its competitors. This is near median its historical median of 99.40. Over the past decade, Putnam Municipal Opportunities Trust's Net Margin % has ranged from 94.77 to 290.33. According to the industry distribution chart, Putnam Municipal Opportunities Trust ranks #284 out of 1570 companies in the Asset Management industry, placing it in the top 18.1%.
Is Putnam Municipal Opportunities Trust's Net Margin % too high?
Putnam Municipal Opportunities Trust's current Net Margin % of 99.41% is near median its 10-year median of 99.40. Over the past 10 years, this metric has ranged from a low of 94.77 to a high of 290.33. The Asset Management industry median Net Margin % is 85.78. Putnam Municipal Opportunities Trust's value of 99.41% is 15.9% above this industry median. Based on the distribution chart, Putnam Municipal Opportunities Trust ranks #284 out of 1570 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 Net Margin % compare to MMD and EFT?
According to the Asset Management industry distribution chart, Putnam Municipal Opportunities Trust ranks #284 out of 1570 companies for Net Margin %. This places Putnam Municipal Opportunities Trust in the top 18% of its industry — outperforming the majority of peers. The industry median Net Margin % is 85.78. Putnam Municipal Opportunities Trust's value of 99.41% is 15.9% above this benchmark. Historically, Putnam Municipal Opportunities Trust's own Net Margin % has ranged from 94.77 to 290.33 over the past decade. While the company's 10-year median is 99.40 vs. the industry median of 85.78, Putnam Municipal Opportunities Trust 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 Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 85.78, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Putnam Municipal Opportunities Trust's current Net Margin % of 99.41% is 15.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Putnam Municipal Opportunities Trust and its competitors. For the Asset Management industry, the median Net Margin % is 85.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Municipal Opportunities Trust's current Net Margin % is 99.41%, which is near median its own 10-year median of 99.40. 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 Net Margin % is 99.41%, which is near median its 10-year median of 99.40 and 15.9% above the Asset Management industry median of 85.78. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Putnam Municipal Opportunities Trust (PMO), the current Net Margin % is 99.41% 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:
Net Margin %: 99.41% (near median its 10-year median of 99.40)
GF Value™: $20.56 vs. price of $10.51 (48.9% below fair value)
Industry Position: 15.9% above the Asset Management median (#284 of 1570)
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
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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