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DMO's PB Ratio is ranked better than 61.37% of 1600
companies
in the Asset Management industry
Industry Median: 0.945
vs DMO: 0.89
During the past 12 months, Western Asset Mortgage Defined Opportunity Fund's average Book Value Per Share Growth Rate was -2.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.50% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Western Asset Mortgage Defined Opportunity Fund was -1.20% per year. The lowest was -14.60% per year. And the median was -7.55% per year.
Back to Basics: PB Ratio
Western Asset Mortgage Defined Opportunity Fund (NYSE:DMO) 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.
Western Asset Mortgage Defined Opportunity Fund PB Ratio Related Terms
Western Asset Mortgage Defined Opportunity Fund 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.
Western Asset Mortgage Defined Opportunity Fund PB Ratio Chart
Western Asset Mortgage Defined Opportunity Fund Annual Data
* 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.
Western Asset Mortgage Defined Opportunity Fund PB Ratio vs Asset Management Industry
Western Asset Mortgage Defined Opportunity 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.
* 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.
Western Asset Mortgage Defined Opportunity Fund (DMO) has a PB Ratio of 0.89 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Western Asset Mortgage Defined Opportunity Fund and its competitors. This is near median its historical median of 0.98. Over the past decade, Western Asset Mortgage Defined Opportunity Fund's PB Ratio has ranged from 0.56 to 1.24. According to the industry distribution chart, Western Asset Mortgage Defined Opportunity Fund ranks #618 out of 1600 companies in the Asset Management industry, placing it in the top 38.6%.
Is Western Asset Mortgage Defined Opportunity Fund's PB Ratio too high?
Western Asset Mortgage Defined Opportunity Fund's current PB Ratio of 0.89 is near median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.24. The Asset Management industry median PB Ratio is 0.95. Western Asset Mortgage Defined Opportunity Fund's value of 0.89 is 5.8% below this industry median. Based on the distribution chart, Western Asset Mortgage Defined Opportunity Fund ranks #618 out of 1600 companies in the Asset Management industry, which is above the industry midpoint. Overall, Western Asset Mortgage Defined Opportunity Fund has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Mortgage Defined Opportunity Fund's PB Ratio compare to GGZ and PFO?
According to the Asset Management industry distribution chart, Western Asset Mortgage Defined Opportunity Fund ranks #618 out of 1600 companies for PB Ratio. This puts Western Asset Mortgage Defined Opportunity Fund in the upper half of its industry. The industry median PB Ratio is 0.95. Western Asset Mortgage Defined Opportunity Fund's value of 0.89 is 5.8% below this benchmark. Historically, Western Asset Mortgage Defined Opportunity Fund's own PB Ratio has ranged from 0.56 to 1.24 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.95, Western Asset Mortgage Defined Opportunity Fund has consistently been below 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. Western Asset Mortgage Defined Opportunity Fund's current PB Ratio of 0.89 is 5.8% below 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 Western Asset Mortgage Defined Opportunity Fund 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. Western Asset Mortgage Defined Opportunity Fund's current PB Ratio is 0.89, which is near median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Mortgage Defined Opportunity Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Mortgage Defined Opportunity Fund (DMO) is currently considered Fairly Valued. The stock's GF Value™ is $10.53, compared to a current price of $10.45 — trading 0.8% below its estimated fair value. The current PB Ratio is 0.89, which is near median its 10-year median of 0.98 and 5.8% below the Asset Management industry median of 0.95. Western Asset Mortgage Defined Opportunity Fund's overall GF Score™ is 54/100 with 5 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 Western Asset Mortgage Defined Opportunity Fund (DMO), the current PB Ratio is 0.89 as of Jul. 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.
Is Western Asset Mortgage Defined Opportunity Fund (DMO) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Mortgage Defined Opportunity Fund stock appears to be undervalued.
The current stock price of $10.45 is trading 0.8% below its estimated GF Value™ of $10.53.
GuruFocus considers Western Asset Mortgage Defined Opportunity Fund to be Fairly Valued.
Key valuation signals for DMO:
PB Ratio: 0.89 (near median its 10-year median of 0.98)
GF Value™: $10.53 vs. price of $10.45 (0.8% below fair value)
Industry Position: 5.8% below the Asset Management median (#618 of 1600)
No single metric tells the full story. See the DMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset Mortgage Defined Opportunity Fund Business Description
Western Asset Mortgage Defined Opportunity Fund Inc is a non-diversified, limited-term, closed-end management investment company. The fund's primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing in a diverse portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.
54GF Score
Get the complete analysis for DMO
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