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.
Putnam Municipal Opportunities TrustPMO -0.76%48 5-Year Yield-on-Cost % is 3.06 as of Aug. 18, 2026, which is 1% above its 10-year median of 3.04. GuruFocus rates PMO with a GF Score™ of 48/100 and a GF Value™ of $20.56 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,110 Asset Management companies, Putnam Municipal Opportunities Trust ranks worse than 77.93% on this metric.
Putnam Municipal Opportunities Trust (NYSE:PMO) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Putnam Municipal Opportunities Trust 5-Year Yield-on-Cost % Related Terms
PMO vs MMD, EFT, RMM: 5-Year Yield-on-Cost % Comparison
For the Asset Management subindustry, Putnam Municipal Opportunities Trust's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.
Putnam Municipal Opportunities Trust 5-Year Yield-on-Cost % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Municipal Opportunities Trust's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Putnam Municipal Opportunities Trust's 5-Year Yield-on-Cost % falls into.
Putnam Municipal Opportunities Trust 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Putnam Municipal Opportunities Trust (PMO) has a 5-Year Yield-on-Cost % of 3.06 as of Aug. 18, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Putnam Municipal Opportunities Trust and its competitors. This is near median its historical median of 3.04. Over the past decade, Putnam Municipal Opportunities Trust's 5-Year Yield-on-Cost % has ranged from 2.50 to 4.25. According to the industry distribution chart, Putnam Municipal Opportunities Trust ranks #865 out of 1110 companies in the Asset Management industry, placing it in the top 77.9%.
Is Putnam Municipal Opportunities Trust's 5-Year Yield-on-Cost % too high?
Putnam Municipal Opportunities Trust's current 5-Year Yield-on-Cost % of 3.06 is near median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 4.25. The Asset Management industry median 5-Year Yield-on-Cost % is 6.34. Putnam Municipal Opportunities Trust's value of 3.06 is 51.7% below this industry median. Based on the distribution chart, Putnam Municipal Opportunities Trust ranks #865 out of 1110 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Putnam Municipal Opportunities Trust has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Putnam Municipal Opportunities Trust's 5-Year Yield-on-Cost % compare to MMD and EFT?
According to the Asset Management industry distribution chart, Putnam Municipal Opportunities Trust ranks #865 out of 1110 companies for 5-Year Yield-on-Cost %. This places Putnam Municipal Opportunities Trust in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 6.34. Putnam Municipal Opportunities Trust's value of 3.06 is 51.7% below this benchmark. Historically, Putnam Municipal Opportunities Trust's own 5-Year Yield-on-Cost % has ranged from 2.50 to 4.25 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 6.34, Putnam Municipal Opportunities Trust has consistently been below 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 5-Year Yield-on-Cost % for an Asset Management company?
The median 5-Year Yield-on-Cost % among Asset Management companies is 6.34, based on 1,110 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Putnam Municipal Opportunities Trust's current 5-Year Yield-on-Cost % of 3.06 is 51.7% below 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Putnam Municipal Opportunities Trust and its competitors. For the Asset Management industry, the median 5-Year Yield-on-Cost % is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Municipal Opportunities Trust's current 5-Year Yield-on-Cost % is 3.06, which is near median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putnam Municipal Opportunities Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust (PMO) is currently considered Possible Value Trap. The stock's GF Value™ is $20.56, compared to a current price of $10.51 — trading 48.9% below its estimated fair value. The current 5-Year Yield-on-Cost % is 3.06, which is near median its 10-year median of 3.04 and 51.7% below the Asset Management industry median of 6.34. Putnam Municipal Opportunities Trust's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Putnam Municipal Opportunities Trust (PMO), the current 5-Year Yield-on-Cost % is 3.06 as of Aug. 18, 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 Putnam Municipal Opportunities Trust (PMO) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust stock appears to be undervalued.
The current stock price of $10.51 is trading 48.9% below its estimated GF Value™ of $20.56.
GuruFocus considers Putnam Municipal Opportunities Trust to be Possible Value Trap.
Key valuation signals for PMO:
5-Year Yield-on-Cost %: 3.06 (near median its 10-year median of 3.04)
GF Value™: $20.56 vs. price of $10.51 (48.9% below fair value)
Industry Position: 51.7% below the Asset Management median (#865 of 1110)
No single metric tells the full story. See the PMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.
48GF Score
Get the complete analysis for PMO
5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PMO has been successfully added to your 
