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Putnam Managed Municipalome TrustPMM -0.48%51 Return-on-Tangible-Equity is 4.52% as of Apr. 2026, which is 48% above its 10-year median of 3.06. GuruFocus rates PMM with a GF Score™ of 51/100 and a GF Value™ of $13.09 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,592 Asset Management companies, Putnam Managed Municipalome Trust ranks worse than 50.82% on this metric.
The historical rank and industry rank for Putnam Managed Municipalome Trust's Return-on-Tangible-Equity or its related term are showing as below:
PMM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.32 Med: 3.06 Max: 17.36
Current: 7.18
During the past 9 years, Putnam Managed Municipalome Trust's highest Return-on-Tangible-Equity was 17.36%. The lowest was -20.32%. And the median was 3.06%.
PMM's Return-on-Tangible-Equity is ranked worse than 50.82% of 1592
companies
in the Asset Management industry
Industry Median: 7.29
vs PMM: 7.18
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Putnam Managed Municipalome Trust Return-on-Tangible-Equity Related Terms
Putnam Managed Municipalome Trust Return-on-Tangible-Equity 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.
PMM vs EOD, MIN, DBL: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Putnam Managed Municipalome Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Managed Municipalome Trust Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Managed Municipalome Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Putnam Managed Municipalome Trust's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 4.52% mean?
Putnam Managed Municipalome Trust (PMM) has a Return-on-Tangible-Equity of 4.52% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Putnam Managed Municipalome Trust and its competitors. This is 48% above median its historical median of 3.06. According to the industry distribution chart, Putnam Managed Municipalome Trust ranks #809 out of 1592 companies in the Asset Management industry, placing it in the top 50.8%.
Is Putnam Managed Municipalome Trust's Return-on-Tangible-Equity too high?
Putnam Managed Municipalome Trust's current Return-on-Tangible-Equity of 4.52% is 48% above median its 10-year median of 3.06. The Asset Management industry median Return-on-Tangible-Equity is 7.29. Putnam Managed Municipalome Trust's value of 4.52% is 38% below this industry median. Based on the distribution chart, Putnam Managed Municipalome Trust ranks #809 out of 1592 companies in the Asset Management industry, which is below the industry midpoint. Overall, Putnam Managed Municipalome Trust has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Putnam Managed Municipalome Trust's Return-on-Tangible-Equity compare to EOD and MIN?
According to the Asset Management industry distribution chart, Putnam Managed Municipalome Trust ranks #809 out of 1592 companies for Return-on-Tangible-Equity. This places Putnam Managed Municipalome Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.29. Putnam Managed Municipalome Trust's value of 4.52% is 38% below this benchmark. While the company's 10-year median is 3.06 vs. the industry median of 7.29, Putnam Managed Municipalome 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 Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.29, based on 1,592 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Putnam Managed Municipalome Trust's current Return-on-Tangible-Equity of 4.52% is 38% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Putnam Managed Municipalome Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Managed Municipalome Trust's current Return-on-Tangible-Equity is 4.52%, which is 48% above median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putnam Managed Municipalome Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Managed Municipalome Trust (PMM) is currently considered Possible Value Trap. The stock's GF Value™ is $13.09, compared to a current price of $6.24 — trading 52.3% below its estimated fair value. The current Return-on-Tangible-Equity is 4.52%, which is 48% above median its 10-year median of 3.06 and 38% below the Asset Management industry median of 7.29. Putnam Managed Municipalome Trust's overall GF Score™ is 51/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Putnam Managed Municipalome Trust (PMM), the current Return-on-Tangible-Equity is 4.52% as of Apr. 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 Managed Municipalome Trust (PMM) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Managed Municipalome Trust stock appears to be undervalued.
The current stock price of $6.24 is trading 52.3% below its estimated GF Value™ of $13.09.
GuruFocus considers Putnam Managed Municipalome Trust to be Possible Value Trap.
Key valuation signals for PMM:
Return-on-Tangible-Equity: 4.52% (48% above median its 10-year median of 3.06)
GF Value™: $13.09 vs. price of $6.24 (52.3% below fair value)
Industry Position: 38% below the Asset Management median (#809 of 1592)
No single metric tells the full story. See the PMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Managed Municipal Income Trust is a closed-end management investment company. Its investment objective is to seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of tax-exempt municipal securities. The Fund invests in various sectors such as healthcare, retirement community, private higher education, housing-backed, essential service utilities, and state-backed bonds.
51GF Score
Get the complete analysis for PMM
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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