MMU (Western Asset Managed Municipals Fd) Scaled Net Operating Assets: 0.69 (As of Nov. 2025)


MMU Western Asset Managed Municipals Fd Inc MMU
33 GF Score
Price $10.41
! 5 Warning Signs
View Full Analysis

What is Western Asset Managed Municipals Fd Scaled Net Operating Assets?

Western Asset Managed Municipals Fd MMU +0.10% 33 Scaled Net Operating Assets is 0.69 as of Nov. 2025. GuruFocus rates MMU with a GF Score™ of 33/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Western Asset Managed Municipals Fd's operating assets for the quarter that ended in Nov. 2025 was $907.56 Mil. Western Asset Managed Municipals Fd's operating liabilities for the quarter that ended in Nov. 2025 was $287.52 Mil. Western Asset Managed Municipals Fd's Total Assets for the quarter that ended in May. 2025 was $900.08 Mil. Therefore, Western Asset Managed Municipals Fd's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.69.

MMU
33GF Score
Western Asset Managed Municipals Fd Inc MMU
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Asset Managed Municipals Fd Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Western Asset Managed Municipals Fd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(900.079-302.615)/930.262
=0.64

where

Operating Assets(A: May. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=900.079 - 0
=900.079

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=316.57 - 13.955 - 0
=302.615

Western Asset Managed Municipals Fd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(907.556-287.523)/900.079
=0.69

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=907.556 - 0
=907.556

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=301.478 - 13.955 - 0
=287.523

* 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 Scaled Net Operating Assets of 0.69 mean?
Western Asset Managed Municipals Fd (MMU) has a Scaled Net Operating Assets of 0.69 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Western Asset Managed Municipals Fd and its competitors.
Is Western Asset Managed Municipals Fd's Scaled Net Operating Assets too high?
Western Asset Managed Municipals Fd's current Scaled Net Operating Assets is 0.69. Overall, Western Asset Managed Municipals Fd has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Western Asset Managed Municipals Fd's Scaled Net Operating Assets compare to GUT and TWN?
Western Asset Managed Municipals Fd's Scaled Net Operating Assets of 0.69 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 Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Western Asset Managed Municipals Fd and its competitors. Western Asset Managed Municipals Fd's current Scaled Net Operating Assets is 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Managed Municipals Fd stock overvalued right now?
Western Asset Managed Municipals Fd (MMU) has a current Scaled Net Operating Assets of 0.69. The current Scaled Net Operating Assets is 0.69. Western Asset Managed Municipals Fd's overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Western Asset Managed Municipals Fd (MMU), the current Scaled Net Operating Assets is 0.69 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.

Western Asset Managed Municipals Fd Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempted from federal income tax as is consistent with the preservation of principal. The fund predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations).
33GF Score

Get the complete analysis for MMU

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.41
Price