MHF (Western Asset Municipal Highome Fund) ROE % Adjusted to Book Value: 2.84% (As of Apr. 2026)


MHF Western Asset Municipal High Income Fund Inc MHF
59 GF Score
Price $6.89
GF Value $6.85
Valuation Fairly Valued
! 4 Warning Signs
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What is Western Asset Municipal Highome Fund ROE % Adjusted to Book Value?

Western Asset Municipal Highome Fund MHF +0.44% 59 ROE % Adjusted to Book Value is 2.84% as of Apr. 2026. GuruFocus rates MHF with a GF Score™ of 59/100 and a GF Value™ of $6.85 (Fairly Valued). The stock has 4 warning signs investors should review.

Western Asset Municipal Highome Fund's ROE % for the quarter that ended in Apr. 2026 was 2.81%. Western Asset Municipal Highome Fund's PB Ratio for the quarter that ended in Apr. 2026 was 0.99. Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value for the quarter that ended in Apr. 2026 was 2.84%.


Western Asset Municipal Highome Fund ROE % Adjusted to Book Value Related Terms


Western Asset Municipal Highome Fund ROE % Adjusted to Book Value Historical Data

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The historical data trend for Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value can be seen below:

* 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 Municipal Highome Fund ROE % Adjusted to Book Value Chart

Western Asset Municipal Highome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only 4.97 -14.09 3.04 12.38 2.34

Western Asset Municipal Highome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.45 6.72 -2.92 7.80 2.84

MHF vs PIM, MSD, IGA: ROE % Adjusted to Book Value Comparison

For the Asset Management subindustry, Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Western Asset Municipal Highome Fund ROE % Adjusted to Book Value vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value falls into.


MHF
59GF Score
Western Asset Municipal High Income Fund Inc MHF
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Asset Municipal Highome Fund ROE % Adjusted to Book Value Calculation

Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value for the fiscal year that ended in Oct. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=2.36% / 1.01
=2.34%

Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value for the quarter that ended in Apr. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=2.81% / 0.99
=2.84%

* 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.

What does a ROE % Adjusted to Book Value of 2.84% mean?
Western Asset Municipal Highome Fund (MHF) has a ROE % Adjusted to Book Value of 2.84% as of Apr. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Western Asset Municipal Highome Fund and its competitors.
Is Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value too high?
Western Asset Municipal Highome Fund's current ROE % Adjusted to Book Value is 2.84%. Overall, Western Asset Municipal Highome Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value compare to PIM and MSD?
Western Asset Municipal Highome Fund's ROE % Adjusted to Book Value of 2.84% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Asset Management company?
A good ROE % Adjusted to Book Value depends on the Asset Management industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Western Asset Municipal Highome Fund and its competitors. Western Asset Municipal Highome Fund's current ROE % Adjusted to Book Value is 2.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Municipal Highome Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Municipal Highome Fund (MHF) is currently considered Fairly Valued. The stock's GF Value™ is $6.85, compared to a current price of $6.89 — trading 0.6% above its estimated fair value. The current ROE % Adjusted to Book Value is 2.84%. Western Asset Municipal Highome Fund's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Western Asset Municipal Highome Fund (MHF), the current ROE % Adjusted to Book Value is 2.84% 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 Western Asset Municipal Highome Fund (MHF) Overvalued in 2026?

Based on GuruFocus' analysis, Western Asset Municipal Highome Fund stock appears to be overvalued. The current stock price of $6.89 is trading 0.6% above its estimated GF Value™ of $6.85. GuruFocus considers Western Asset Municipal Highome Fund to be Fairly Valued.

Key valuation signals for MHF:

  • ROE % Adjusted to Book Value: 2.84%
  • GF Value™: $6.85 vs. price of $6.89 (0.6% above fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the MHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Asset Municipal Highome Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Municipal High Income Fund Inc is a diversified closed-end management investment company. The company's objective is to seek high current income exempt from federal income taxes. It invests predominantly in intermediate and long-term municipal debt securities issued by state and local governments.
59GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.89
Price
$6.85
GF Value