What is BNY Mellon Strategic Municipals, PB Ratio?
BNY Mellon Strategic Municipals,LEO +0.16%30 PB Ratio is 0.96 as of Jun. 26, 2026, which is 2% above its 10-year median of 0.94. GuruFocus rates LEO with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 1,604 Asset Management companies, BNY Mellon Strategic Municipals, ranks worse than 51.25% on this metric.
LEO'
s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 0.94 Max: 1.13
Current: 0.96
During the past 9 years, BNY Mellon Strategic Municipals,'s highest PB Ratio was 1.13. The lowest was 0.72. And the median was 0.94.
LEO's PB Ratio is ranked worse than 51.25% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs LEO: 0.96
During the past 12 months, BNY Mellon Strategic Municipals,'s average Book Value Per Share Growth Rate was -1.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of BNY Mellon Strategic Municipals, was 1.70% per year. The lowest was -9.00% per year. And the median was -3.45% per year.
Back to Basics: PB Ratio
BNY Mellon Strategic Municipals, (NYSE:LEO) 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.
BNY Mellon Strategic Municipals, PB Ratio Related Terms
BNY Mellon Strategic Municipals, 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, BNY Mellon Strategic Municipals,'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.
BNY Mellon Strategic Municipals, PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipals,'s PB Ratio distribution charts can be found below:
* The bar in red indicates where BNY Mellon Strategic Municipals,'s PB Ratio falls into.
BNY Mellon Strategic Municipals, 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.
BNY Mellon Strategic Municipals, (LEO) has a PB Ratio of 0.96 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BNY Mellon Strategic Municipals, and its competitors. This is near median its historical median of 0.94. Over the past decade, BNY Mellon Strategic Municipals,'s PB Ratio has ranged from 0.72 to 1.13. According to the industry distribution chart, BNY Mellon Strategic Municipals, ranks #822 out of 1604 companies in the Asset Management industry, placing it in the top 51.2%.
Is BNY Mellon Strategic Municipals,'s PB Ratio too high?
BNY Mellon Strategic Municipals,'s current PB Ratio of 0.96 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.13. The Asset Management industry median PB Ratio is 0.95. BNY Mellon Strategic Municipals,'s value of 0.96 is 1.1% above this industry median. Based on the distribution chart, BNY Mellon Strategic Municipals, ranks #822 out of 1604 companies in the Asset Management industry, which is below the industry midpoint. Overall, BNY Mellon Strategic Municipals, has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon Strategic Municipals,'s PB Ratio compare to VKI and AEF?
According to the Asset Management industry distribution chart, BNY Mellon Strategic Municipals, ranks #822 out of 1604 companies for PB Ratio. This places BNY Mellon Strategic Municipals, in the lower half of its industry. The industry median PB Ratio is 0.95. BNY Mellon Strategic Municipals,'s value of 0.96 is 1.1% above this benchmark. Historically, BNY Mellon Strategic Municipals,'s own PB Ratio has ranged from 0.72 to 1.13 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.95, BNY Mellon Strategic Municipals, 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 1,604 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. BNY Mellon Strategic Municipals,'s current PB Ratio of 0.96 is 1.1% 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 BNY Mellon Strategic Municipals, 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. BNY Mellon Strategic Municipals,'s current PB Ratio is 0.96, which is near median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon Strategic Municipals, stock overvalued right now?
BNY Mellon Strategic Municipals, (LEO) has a current PB Ratio of 0.96. The current PB Ratio is 0.96, which is near median its 10-year median of 0.94 and 1.1% above the Asset Management industry median of 0.95. BNY Mellon Strategic Municipals,'s overall GF Score™ is 30/100 with 6 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 BNY Mellon Strategic Municipals, (LEO), the current PB Ratio is 0.96 as of Jun. 26, 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.
BNY Mellon Strategic Municipals, Business Description
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products include equity and fixed income mutual funds, retail money market funds, government/treasury money market funds, institutional money market funds, and others. The company and its affiliates, as well as others involved in the management, sales, investment activities, business operations, or distribution of the fund, are engaged in businesses and have interests other than those of managing the fund.
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