What is RiverNorth Managed Duration Muni Fd PB Ratio?
RiverNorth Managed Duration Muni FdRMM +0.96%28 PB Ratio is 0.98 as of Jun. 29, 2026, which is 5% above its 10-year median of 0.93. GuruFocus rates RMM with a GF Score™ of 28/100. The stock has 3 warning signs investors should review. Among 1,600 Asset Management companies, RiverNorth Managed Duration Muni Fd ranks worse than 53% on this metric.
RMM's PB Ratio is ranked worse than 53% of 1600
companies
in the Asset Management industry
Industry Median: 0.95
vs RMM: 0.98
During the past 12 months, RiverNorth Managed Duration Muni Fd's average Book Value Per Share Growth Rate was -6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of RiverNorth Managed Duration Muni Fd was -3.60% per year. The lowest was -7.20% per year. And the median was -3.70% per year.
Back to Basics: PB Ratio
RiverNorth Managed Duration Muni Fd (NYSE:RMM) PB Ratio Explanation
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.
RiverNorth Managed Duration Muni Fd PB Ratio Related Terms
RiverNorth Managed Duration Muni Fd PB Ratio 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.
RiverNorth Managed Duration Muni Fd PB Ratio Chart
For the Asset Management subindustry, RiverNorth Managed Duration Muni Fd'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.
RiverNorth Managed Duration Muni Fd PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, RiverNorth Managed Duration Muni Fd's PB Ratio distribution charts can be found below:
* The bar in red indicates where RiverNorth Managed Duration Muni Fd's PB Ratio falls into.
RiverNorth Managed Duration Muni Fd 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.
* 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.
It can also be calculated from the numbers for the whole company:
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.
RiverNorth Managed Duration Muni Fd (RMM) has a PB Ratio of 0.98 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on RiverNorth Managed Duration Muni Fd and its competitors. This is near median its historical median of 0.93. Over the past decade, RiverNorth Managed Duration Muni Fd's PB Ratio has ranged from 0.72 to 1.05. According to the industry distribution chart, RiverNorth Managed Duration Muni Fd ranks #848 out of 1600 companies in the Asset Management industry, placing it in the top 53%.
Is RiverNorth Managed Duration Muni Fd's PB Ratio too high?
RiverNorth Managed Duration Muni Fd's current PB Ratio of 0.98 is near median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.05. The Asset Management industry median PB Ratio is 0.95. RiverNorth Managed Duration Muni Fd's value of 0.98 is 3.2% above this industry median. Based on the distribution chart, RiverNorth Managed Duration Muni Fd ranks #848 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, RiverNorth Managed Duration Muni Fd has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does RiverNorth Managed Duration Muni Fd's PB Ratio compare to MMD and ACV?
According to the Asset Management industry distribution chart, RiverNorth Managed Duration Muni Fd ranks #848 out of 1600 companies for PB Ratio. This places RiverNorth Managed Duration Muni Fd in the lower half of its industry. The industry median PB Ratio is 0.95. RiverNorth Managed Duration Muni Fd's value of 0.98 is 3.2% above this benchmark. Historically, RiverNorth Managed Duration Muni Fd's own PB Ratio has ranged from 0.72 to 1.05 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.95, RiverNorth Managed Duration Muni Fd 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,600 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RiverNorth Managed Duration Muni Fd's current PB Ratio of 0.98 is 3.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on RiverNorth Managed Duration Muni Fd and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RiverNorth Managed Duration Muni Fd's current PB Ratio is 0.98, which is near median its own 10-year median of 0.93. 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 Muni Fd stock overvalued right now?
RiverNorth Managed Duration Muni Fd (RMM) has a current PB Ratio of 0.98. The current PB Ratio is 0.98, which is near median its 10-year median of 0.93 and 3.2% above the Asset Management industry median of 0.95. RiverNorth Managed Duration Muni Fd's overall GF Score™ is 28/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For RiverNorth Managed Duration Muni Fd (RMM), the current PB Ratio is 0.98 as of Jun. 29, 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 Muni Fd Business Description
RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company. Its primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
28GF Score
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