MHF (Western Asset Municipal Highome Fund) 3-Year RORE % : -22.44% (As of Apr. 2026)


MHF Western Asset Municipal High Income Fund Inc MHF
50 GF Score
Price $7.06
GF Value $13.27
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Western Asset Municipal Highome Fund 3-Year RORE %?

Western Asset Municipal Highome Fund MHF +0.14% 50 3-Year RORE % is -22.44 as of Apr. 2026. GuruFocus rates MHF with a GF Score™ of 50/100 and a GF Value™ of $13.27 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,537 Asset Management companies, Western Asset Municipal Highome Fund ranks worse than 69.81% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Western Asset Municipal Highome Fund's 3-Year RORE % for the quarter that ended in Apr. 2026 was -22.44%.

The industry rank for Western Asset Municipal Highome Fund's 3-Year RORE % or its related term are showing as below:

MHF's 3-Year RORE % is ranked worse than
69.81% of 1537 companies
in the Asset Management industry
Industry Median: 12.56 vs MHF: -22.44

Western Asset Municipal Highome Fund  (NYSE:MHF) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Western Asset Municipal Highome Fund 3-Year RORE % Related Terms


Western Asset Municipal Highome Fund 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Western Asset Municipal Highome Fund's 3-Year RORE % 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 3-Year RORE % Chart

Western Asset Municipal Highome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only -79.82 86.32 20.54 -225.03 -12.26

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
3-Year RORE % 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 -89.16 -225.03 -1.93 -12.26 -22.44

MHF vs PIM, MSD, IGA: 3-Year RORE % Comparison

For the Asset Management subindustry, Western Asset Municipal Highome Fund's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Municipal Highome Fund's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Western Asset Municipal Highome Fund's 3-Year RORE % falls into.


MHF
50GF Score
Western Asset Municipal High Income Fund Inc MHF
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Asset Municipal Highome Fund 3-Year RORE % Calculation

Western Asset Municipal Highome Fund's 3-Year RORE % for the quarter that ended in Apr. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 0.361-0.28 )/( 0.766-1.127 )
=0.081/-0.361
=-22.44 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Apr. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of -22.44 mean?
Western Asset Municipal Highome Fund (MHF) has a 3-Year RORE % of -22.44 as of Apr. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Western Asset Municipal Highome Fund and its competitors. According to the industry distribution chart, Western Asset Municipal Highome Fund ranks #1073 out of 1537 companies in the Asset Management industry, placing it in the top 69.8%.
Is Western Asset Municipal Highome Fund's 3-Year RORE % too high?
Western Asset Municipal Highome Fund's current 3-Year RORE % is -22.44. Based on the distribution chart, Western Asset Municipal Highome Fund ranks #1073 out of 1537 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Municipal Highome Fund has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Municipal Highome Fund's 3-Year RORE % compare to PIM and MSD?
According to the Asset Management industry distribution chart, Western Asset Municipal Highome Fund ranks #1073 out of 1537 companies for 3-Year RORE %. This places Western Asset Municipal Highome Fund in the lower half of its industry. The industry median 3-Year RORE % is 12.56. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for an Asset Management company?
The median 3-Year RORE % among Asset Management companies is 12.56, based on 1,537 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Western Asset Municipal Highome Fund and its competitors. For the Asset Management industry, the median 3-Year RORE % is 12.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Municipal Highome Fund's current 3-Year RORE % is -22.44. 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 Significantly Undervalued. The stock's GF Value™ is $13.27, compared to a current price of $7.06 — trading 46.8% below its estimated fair value. The current 3-Year RORE % is -22.44. Western Asset Municipal Highome Fund's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Western Asset Municipal Highome Fund (MHF), the current 3-Year RORE % is -22.44 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 undervalued. The current stock price of $7.06 is trading 46.8% below its estimated GF Value™ of $13.27. GuruFocus considers Western Asset Municipal Highome Fund to be Significantly Undervalued.

Key valuation signals for MHF:

  • 3-Year RORE %: -22.44
  • GF Value™: $13.27 vs. price of $7.06 (46.8% below fair value)
  • GF Score™: 50/100 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.
50GF Score

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

$7.06
Price
$13.27
GF Value