CMU (Mfs High Yield Municipal Trust) ROE %: 14.39% (As of Nov. 2025) — 464% Above Median


CMU Mfs High Yield Municipal Trust CMU
36 GF Score
Price $3.73
! 4 Warning Signs
View Full Analysis

What is Mfs High Yield Municipal Trust ROE %?

Mfs High Yield Municipal Trust CMU 36 ROE % is 14.39% as of Nov. 2025, which is 464% above its 10-year median of 2.55. GuruFocus rates CMU with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,614 Asset Management companies, Mfs High Yield Municipal Trust ranks worse than 75.34% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mfs High Yield Municipal Trust's annualized net income for the quarter that ended in Nov. 2025 was $13.59 Mil. Mfs High Yield Municipal Trust's average Total Stockholders Equity over the quarter that ended in Nov. 2025 was $94.47 Mil. Therefore, Mfs High Yield Municipal Trust's annualized ROE % for the quarter that ended in Nov. 2025 was 14.39%.

The historical rank and industry rank for Mfs High Yield Municipal Trust's ROE % or its related term are showing as below:

CMU' s ROE % Range Over the Past 10 Years
Min: -22.87   Med: 2.55   Max: 12.88
Current: -0.02

During the past 9 years, Mfs High Yield Municipal Trust's highest ROE % was 12.88%. The lowest was -22.87%. And the median was 2.55%.

CMU's ROE % is ranked worse than
75.34% of 1614 companies
in the Asset Management industry
Industry Median: 6.36 vs CMU: -0.02

Mfs High Yield Municipal Trust  (NYSE:CMU) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Nov. 2025 )
=Net Income/Total Stockholders Equity
=13.59/94.471
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.59 / 13.678)*(13.678 / 155.7705)*(155.7705 / 94.471)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.36 %*0.0878*1.6489
=ROA %*Equity Multiplier
=8.72 %*1.6489
=14.39 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Nov. 2025 )
=Net Income/Total Stockholders Equity
=13.59/94.471
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (13.59 / 13.59) * (13.59 / 13.678) * (13.678 / 155.7705) * (155.7705 / 94.471)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 99.36 % * 0.0878 * 1.6489
=14.39 %

Note: The net income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Mfs High Yield Municipal Trust ROE % Related Terms


Mfs High Yield Municipal Trust ROE % Historical Data

* Premium members only.

The historical data trend for Mfs High Yield Municipal Trust's ROE % 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.

Mfs High Yield Municipal Trust ROE % Chart

Mfs High Yield Municipal Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
ROE %
Get a 7-Day Free Trial Premium Member Only 7.53 -22.87 1.28 12.88 -0.02

Mfs High Yield Municipal Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
ROE % 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 -0.66 8.77 17.07 -14.07 14.39

CMU vs VGI, GECC, SAMG: ROE % Comparison

For the Asset Management subindustry, Mfs High Yield Municipal Trust's ROE %, along with its competitors' market caps and ROE % 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.


Mfs High Yield Municipal Trust ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mfs High Yield Municipal Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Mfs High Yield Municipal Trust's ROE % falls into.


CMU
36GF Score
Mfs High Yield Municipal Trust CMU
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mfs High Yield Municipal Trust ROE % Calculation

Mfs High Yield Municipal Trust's annualized ROE % for the fiscal year that ended in Nov. 2025 is calculated as

ROE %=Net Income (A: Nov. 2025 )/( (Total Stockholders Equity (A: Nov. 2024 )+Total Stockholders Equity (A: Nov. 2025 ))/ count )
=-0.018/( (101.392+96.607)/ 2 )
=-0.018/98.9995
=-0.02 %

Mfs High Yield Municipal Trust's annualized ROE % for the quarter that ended in Nov. 2025 is calculated as

ROE %=Net Income (Q: Nov. 2025 )/( (Total Stockholders Equity (Q: May. 2025 )+Total Stockholders Equity (Q: Nov. 2025 ))/ count )
=13.59/( (92.335+96.607)/ 2 )
=13.59/94.471
=14.39 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Nov. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 14.39% mean?
Mfs High Yield Municipal Trust (CMU) has a ROE % of 14.39% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mfs High Yield Municipal Trust and its competitors. This is 464% above median its historical median of 2.55. According to the industry distribution chart, Mfs High Yield Municipal Trust ranks #1216 out of 1614 companies in the Asset Management industry, placing it in the top 75.3%.
Is Mfs High Yield Municipal Trust's ROE % too high?
Mfs High Yield Municipal Trust's current ROE % of 14.39% is 464% above median its 10-year median of 2.55. The Asset Management industry median ROE % is 6.36. Mfs High Yield Municipal Trust's value of 14.39% is 126.3% above this industry median. Based on the distribution chart, Mfs High Yield Municipal Trust ranks #1216 out of 1614 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Mfs High Yield Municipal Trust has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Mfs High Yield Municipal Trust's ROE % compare to VGI and GECC?
According to the Asset Management industry distribution chart, Mfs High Yield Municipal Trust ranks #1216 out of 1614 companies for ROE %. This places Mfs High Yield Municipal Trust in the lower half of its industry. The industry median ROE % is 6.36. Mfs High Yield Municipal Trust's value of 14.39% is 126.3% above this benchmark. While the company's 10-year median is 2.55 vs. the industry median of 6.36, Mfs High Yield Municipal Trust 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.36, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mfs High Yield Municipal Trust's current ROE % of 14.39% is 126.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mfs High Yield Municipal Trust and its competitors. For the Asset Management industry, the median ROE % is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mfs High Yield Municipal Trust's current ROE % is 14.39%, which is 464% above median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfs High Yield Municipal Trust stock overvalued right now?
Mfs High Yield Municipal Trust (CMU) has a current ROE % of 14.39%. The current ROE % is 14.39%, which is 464% above median its 10-year median of 2.55 and 126.3% above the Asset Management industry median of 6.36. Mfs High Yield Municipal Trust's overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Mfs High Yield Municipal Trust (CMU), the current ROE % is 14.39% as of Nov. 2025. 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.

Mfs High Yield Municipal Trust Business Description

Address 111 Huntington Avenue, Boston, MA, USA, 02199
Mfs High Yield Municipal Trust is a United States-based diversified, closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes. The company invest various top Healthcare companies, Airport, Universities (Secondary Schools), Universities (Dormitories), and many more, out of maximum revenue is gained from Healthcare Hospitals and Long Term Care.
36GF Score

Get the complete analysis for CMU

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

$3.73
Price