MIO (Pioneer Municipal Highome Opportunities Fund) PB Ratio : 0.95 (As of Mar. 24, 2025)

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What is Pioneer Municipal Highome Opportunities Fund PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2025-03-24), Pioneer Municipal Highome Opportunities Fund's share price is $12.30. Pioneer Municipal Highome Opportunities Fund's Book Value per Share for the quarter that ended in Oct. 2024 was $12.98. Hence, Pioneer Municipal Highome Opportunities Fund's PB Ratio of today is 0.95.

Good Sign:

Pioneer Municipal High Income Opportunities Fund Inc. stock PB Ratio (=0.94) is close to 1-year low of 0.88

The historical rank and industry rank for Pioneer Municipal Highome Opportunities Fund's PB Ratio or its related term are showing as below:

MIO' s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 0.9 Max: 1
Current: 0.95

During the past 3 years, Pioneer Municipal Highome Opportunities Fund's highest PB Ratio was 1.00. The lowest was 0.74. And the median was 0.90.

MIO's PB Ratio is ranked worse than
57.54% of 1644 companies
in the Asset Management industry
Industry Median: 0.92 vs MIO: 0.95

During the past 12 months, Pioneer Municipal Highome Opportunities Fund's average Book Value Per Share Growth Rate was 16.10% per year.

Back to Basics: PB Ratio

Pioneer Municipal Highome Opportunities Fund PB Ratio Historical Data

The historical data trend for Pioneer Municipal Highome Opportunities Fund's PB Ratio 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.

* Premium members only.

Pioneer Municipal Highome Opportunities Fund PB Ratio Chart

Pioneer Municipal Highome Opportunities Fund Annual Data

Trend

Apr22

Apr23

Apr24

PB Ratio

0.87

0.86

0.88

Pioneer Municipal Highome Opportunities Fund Semi-Annual Data
	Oct22	Apr23	Oct23	Apr24	Oct24
PB Ratio	0.85	0.86	0.84	0.88	0.93

Competitive Comparison of Pioneer Municipal Highome Opportunities Fund's PB Ratio

For the Asset Management subindustry, Pioneer Municipal Highome Opportunities Fund's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Pioneer Municipal Highome Opportunities Fund's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Municipal Highome Opportunities Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Pioneer Municipal Highome Opportunities Fund's PB Ratio falls into.

Pioneer Municipal Highome Opportunities Fund PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Pioneer Municipal Highome Opportunities Fund's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Oct. 2024)
	=	12.30	/	12.982
	=	0.95

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Pioneer Municipal Highome Opportunities Fund (NYSE:MIO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Pioneer Municipal Highome Opportunities Fund PB Ratio Related Terms

Thank you for viewing the detailed overview of Pioneer Municipal Highome Opportunities Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Municipal Highome Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Municipal High Income Opportunities Fund Inc. (NYSE:MIO) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Municipal High Income Opportunities Fund Inc. is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide holders of the Fund's common stock with a high level of current income exempt from regular federal income tax.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Marguerite A Piret	other: Trustee	C/O NEWBURY PIRET AND CO., 200 STATE STREET 12TH FLOOR, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
David Eurkus	other: Affiliated Person	PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Jonathan Chirunga	other: Affiliated Person	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	other: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Christopher J Kelley	officer: Secretary	C/O PIONEER INVESTMENT, 60 STATE ST, BOSTON MA 01109-1820
Luis I Presutti	officer: Assistant Treasurer
Gary Sullivan	officer: Assistant Treasurer	60 STAT STREET, C/OPIONEER INVESTMENT MANAGEMENT INC, BOSTON MA 02109
Amundi Asset Management Us, Inc.	other: Investment Adviser	60 STATE STREET, 5TH FLOOR, BOSTON MA 02109
Thomas J Perna	other: Trustee	89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922
Benjamin M Friedman	other: Trustee	C/O HARVARD UNIVERSITY, CAMBRIDGE MA 02138
Thomas J Reyes	officer: Assistant Secretary	60 STATE STREET, 13TH FLOOR, BOSTON MA 02109
Kenneth Taubes	other: Trustee