# Western Asset Managed Municipals Fund Inc. (MMU) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $9.88, market value $540 million.

## Valuation
- **P/E (trailing): 10.4×** (5-yr avg 22.7×, 3-yr avg 22.7×). Western Asset Managed Municipals Fund Inc. trades at 10.4× trailing earnings, well below its own five-year average of 22.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 8.6×**. Each dollar of revenue is priced at 8.6×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 7.2%** (5-yr avg 7.9%). Free cash flow equals 7.2% of the market value, in line with its five-year average of 7.9%. Above 5% is generally attractive.
- **Earnings yield: 9.6%**. The inverse of the P/E: 9.6% of the price is earned each year.

## Profitability
- **Net margin: 82.7%**. 82.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.7%**. 8.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 5.8%**. Each dollar of assets produces 5.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 561.8%**. Revenue grew 561.8% over the last year.
- **Free-cash-flow growth (3 yr): -3.4%/yr**. Free cash flow has compounded at -3.4% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 6.62%** ($0.65 per share, trailing). Western Asset Managed Municipals Fund Inc. yields 6.62%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 75%** (100% of free cash flow). 75% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr 4.1%). The dividend has grown 4.1% a year over five years.

## Price and momentum
- **Total return (1 yr): 5.3%** (YTD -1.8%, 3-mo -1.4%). The shares are up 5.3% over twelve months including dividends.
- **From 52-week high: -7.7%** (0.3% above the low). Trading 8% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 29**. An RSI of 29 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.23** (volatility 9%). Beta of 0.23 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MMU · Page: https://foliofundamentals.com/stocks/mmu

Not investment advice.