Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is NYLI MacKay DefinedTerm Muni Opportunities Fund Shiller PE Ratio?
NYLI MacKay DefinedTerm Muni Opportunities FundMMD +0.20%32 Shiller PE Ratio is 15.49 as of Aug. 27, 2026, which is 2% above its 10-year median of 15.21. GuruFocus rates MMD with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 789 Asset Management companies, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks worse than 61.6% on this metric.
MMD's Shiller PE Ratio is ranked worse than 61.6% of 789
companies
in the Asset Management industry
Industry Median: 12.89
vs MMD: 15.49
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
NYLI MacKay DefinedTerm Muni Opportunities Fund's adjusted earnings per share data of for the fiscal year that ended in May26 was $1.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.97 for the trailing ten years ended in May26.
Shiller PE for Stocks: The True Measure of Stock Valuation
NYLI MacKay DefinedTerm Muni Opportunities Fund (NYSE:MMD) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
NYLI MacKay DefinedTerm Muni Opportunities Fund Shiller PE Ratio Related Terms
NYLI MacKay DefinedTerm Muni Opportunities Fund Shiller PE 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund Shiller PE Ratio Chart
NYLI MacKay DefinedTerm Muni Opportunities Fund Annual Data
For the Asset Management subindustry, NYLI MacKay DefinedTerm Muni Opportunities Fund's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund Shiller PE Ratio vs Asset Management Industry
NYLI MacKay DefinedTerm Muni Opportunities Fund Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a Shiller PE Ratio of 15.49 as of Aug. 27, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. This is near median its historical median of 15.21. Over the past decade, NYLI MacKay DefinedTerm Muni Opportunities Fund's Shiller PE Ratio has ranged from 14.56 to 15.98. According to the industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #486 out of 789 companies in the Asset Management industry, placing it in the top 61.6%.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund's Shiller PE Ratio too high?
NYLI MacKay DefinedTerm Muni Opportunities Fund's current Shiller PE Ratio of 15.49 is near median its 10-year median of 15.21. Over the past 10 years, this metric has ranged from a low of 14.56 to a high of 15.98. The Asset Management industry median Shiller PE Ratio is 12.89. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 15.49 is 20.2% above this industry median. Based on the distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #486 out of 789 companies in the Asset Management industry, which is below the industry midpoint. Overall, NYLI MacKay DefinedTerm Muni Opportunities Fund has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does NYLI MacKay DefinedTerm Muni Opportunities Fund's Shiller PE Ratio compare to PMO and EFT?
According to the Asset Management industry distribution chart, NYLI MacKay DefinedTerm Muni Opportunities Fund ranks #486 out of 789 companies for Shiller PE Ratio. This places NYLI MacKay DefinedTerm Muni Opportunities Fund in the lower half of its industry. The industry median Shiller PE Ratio is 12.89. NYLI MacKay DefinedTerm Muni Opportunities Fund's value of 15.49 is 20.2% above this benchmark. Historically, NYLI MacKay DefinedTerm Muni Opportunities Fund's own Shiller PE Ratio has ranged from 14.56 to 15.98 over the past decade. While the company's 10-year median is 15.21 vs. the industry median of 12.89, NYLI MacKay DefinedTerm Muni Opportunities Fund 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 Shiller PE Ratio for an Asset Management company?
The median Shiller PE Ratio among Asset Management companies is 12.89, based on 789 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Shiller PE Ratio of 15.49 is 20.2% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on NYLI MacKay DefinedTerm Muni Opportunities Fund and its competitors. For the Asset Management industry, the median Shiller PE Ratio is 12.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NYLI MacKay DefinedTerm Muni Opportunities Fund's current Shiller PE Ratio is 15.49, which is near median its own 10-year median of 15.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NYLI MacKay DefinedTerm Muni Opportunities Fund stock overvalued right now?
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) has a current Shiller PE Ratio of 15.49. The current Shiller PE Ratio is 15.49, which is near median its 10-year median of 15.21 and 20.2% above the Asset Management industry median of 12.89. NYLI MacKay DefinedTerm Muni Opportunities Fund's overall GF Score™ is 32/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), the current Shiller PE Ratio is 15.49 as of Aug. 27, 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.
NYLI MacKay DefinedTerm Muni Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company predominantly invests in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. Federal income tax purposes.
32GF Score
Get the complete analysis for MMD
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MMD has been successfully added to your 
