PMO's PB Ratio is ranked better than 52.58% of 1607
companies
in the Asset Management industry
Industry Median: 0.95
vs PMO: 0.94
During the past 12 months, Putnam Municipal Opportunities Trust's average Book Value Per Share Growth Rate was -0.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Putnam Municipal Opportunities Trust was 2.60% per year. The lowest was -7.10% per year. And the median was -3.70% per year.
Back to Basics: PB Ratio
Putnam Municipal Opportunities Trust (NYSE:PMO) 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.
Putnam Municipal Opportunities Trust PB Ratio Related Terms
Putnam Municipal Opportunities 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.
Putnam Municipal Opportunities Trust PB Ratio Chart
For the Asset Management subindustry, Putnam Municipal Opportunities 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.
Putnam Municipal Opportunities Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Municipal Opportunities Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Putnam Municipal Opportunities Trust's PB Ratio falls into.
Putnam Municipal Opportunities 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.
Putnam Municipal Opportunities Trust (PMO) has a PB Ratio of 0.94 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 Putnam Municipal Opportunities Trust and its competitors. This is near median its historical median of 0.94. Over the past decade, Putnam Municipal Opportunities Trust's PB Ratio has ranged from 0.77 to 1.11. According to the industry distribution chart, Putnam Municipal Opportunities Trust ranks #762 out of 1607 companies in the Asset Management industry, placing it in the top 47.4%.
Is Putnam Municipal Opportunities Trust's PB Ratio too high?
Putnam Municipal Opportunities Trust's current PB Ratio of 0.94 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.11. The Asset Management industry median PB Ratio is 0.95. Putnam Municipal Opportunities Trust's value of 0.94 is 1.1% below this industry median. Based on the distribution chart, Putnam Municipal Opportunities Trust ranks #762 out of 1607 companies in the Asset Management industry, which is above the industry midpoint. Overall, Putnam Municipal Opportunities Trust has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Putnam Municipal Opportunities Trust's PB Ratio compare to MMD and RMM?
According to the Asset Management industry distribution chart, Putnam Municipal Opportunities Trust ranks #762 out of 1607 companies for PB Ratio. This puts Putnam Municipal Opportunities Trust in the upper half of its industry. The industry median PB Ratio is 0.95. Putnam Municipal Opportunities Trust's value of 0.94 is 1.1% below this benchmark. Historically, Putnam Municipal Opportunities Trust's own PB Ratio has ranged from 0.77 to 1.11 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.95, Putnam Municipal Opportunities Trust 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 1,607 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. Putnam Municipal Opportunities Trust's current PB Ratio of 0.94 is 1.1% 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 Putnam Municipal Opportunities 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. Putnam Municipal Opportunities Trust's current PB Ratio is 0.94, 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 Putnam Municipal Opportunities Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust (PMO) is currently considered Fairly Valued. The stock's GF Value™ is $11.10, compared to a current price of $10.72 — trading 3.5% below its estimated fair value. The current PB Ratio is 0.94, which is near median its 10-year median of 0.94 and 1.1% below the Asset Management industry median of 0.95. Putnam Municipal Opportunities Trust's overall GF Score™ is 55/100 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 Putnam Municipal Opportunities Trust (PMO), the current PB Ratio is 0.94 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.
Is Putnam Municipal Opportunities Trust (PMO) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust stock appears to be undervalued.
The current stock price of $10.72 is trading 3.5% below its estimated GF Value™ of $11.10.
GuruFocus considers Putnam Municipal Opportunities Trust to be Fairly Valued.
Key valuation signals for PMO:
PB Ratio: 0.94 (near median its 10-year median of 0.94)
GF Value™: $11.10 vs. price of $10.72 (3.5% below fair value)
Industry Position: 1.1% below the Asset Management median (#762 of 1607)
No single metric tells the full story. See the PMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Municipal Opportunities Trust Business Description
Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.
55GF Score
Get the complete analysis for PMO
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