Mfs High Yield Municipal TrustCMU 36 PB Ratio is 0.98 as of Jun. 25, 2026, which is 8% above its 10-year median of 0.91. GuruFocus rates CMU with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,607 Asset Management companies, Mfs High Yield Municipal Trust ranks worse than 54.95% on this metric.
Mfs High Yield Municipal Trust stock PB Ratio (=0.98) is close to 10-year high of 1.06.
The historical rank and industry rank for Mfs High Yield Municipal Trust's PB Ratio or its related term are showing as below:
CMU'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 0.91 Max: 1.06
Current: 0.98
During the past 9 years, Mfs High Yield Municipal Trust's highest PB Ratio was 1.06. The lowest was 0.60. And the median was 0.91.
CMU's PB Ratio is ranked worse than 54.95% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs CMU: 0.98
During the past 12 months, Mfs High Yield Municipal Trust's average Book Value Per Share Growth Rate was -4.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.80% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Mfs High Yield Municipal Trust was 1.40% per year. The lowest was -9.00% per year. And the median was -3.60% per year.
Back to Basics: PB Ratio
Mfs High Yield Municipal Trust (NYSE:CMU) 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.
Mfs High Yield Municipal Trust PB Ratio Related Terms
Mfs High Yield Municipal Trust 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.
For the Asset Management subindustry, Mfs High Yield Municipal Trust'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.
Mfs High Yield Municipal Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mfs High Yield Municipal Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mfs High Yield Municipal Trust's PB Ratio falls into.
Mfs High Yield Municipal Trust 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.
Mfs High Yield Municipal Trust (CMU) has a PB Ratio of 0.98 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mfs High Yield Municipal Trust and its competitors. This is near median its historical median of 0.91. Over the past decade, Mfs High Yield Municipal Trust's PB Ratio has ranged from 0.60 to 1.06. According to the industry distribution chart, Mfs High Yield Municipal Trust ranks #883 out of 1607 companies in the Asset Management industry, placing it in the top 54.9%.
Is Mfs High Yield Municipal Trust's PB Ratio too high?
Mfs High Yield Municipal Trust's current PB Ratio of 0.98 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.06. The Asset Management industry median PB Ratio is 0.95. Mfs High Yield Municipal Trust's value of 0.98 is 3.2% above this industry median. Based on the distribution chart, Mfs High Yield Municipal Trust ranks #883 out of 1607 companies in the Asset Management industry, which is below the industry midpoint. Overall, Mfs High Yield Municipal Trust has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Mfs High Yield Municipal Trust's PB Ratio compare to VGI and GECC?
According to the Asset Management industry distribution chart, Mfs High Yield Municipal Trust ranks #883 out of 1607 companies for PB Ratio. This places Mfs High Yield Municipal Trust in the lower half of its industry. The industry median PB Ratio is 0.95. Mfs High Yield Municipal Trust's value of 0.98 is 3.2% above this benchmark. Historically, Mfs High Yield Municipal Trust's own PB Ratio has ranged from 0.60 to 1.06 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.95, Mfs High Yield Municipal 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,607 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. Mfs High Yield Municipal Trust'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 Mfs High Yield Municipal Trust 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. Mfs High Yield Municipal Trust's current PB Ratio is 0.98, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfs High Yield Municipal Trust stock overvalued right now?
Mfs High Yield Municipal Trust (CMU) has a current PB Ratio of 0.98. The current PB Ratio is 0.98, which is near median its 10-year median of 0.91 and 3.2% above the Asset Management industry median of 0.95. Mfs High Yield Municipal Trust's overall GF Score™ is 36/100 with 4 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 Mfs High Yield Municipal Trust (CMU), the current PB Ratio is 0.98 as of Jun. 25, 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.
Mfs High Yield Municipal Trust Business Description
Mfs High Yield Municipal Trust is a United States-based diversified, closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. The company invest various top Healthcare companies, Airport, Universities (Secondary Schools), Universities (Dormitories), and many more, out of maximum revenue is gained from Healthcare Hospitals and Long Term Care.
36GF Score
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