# Pimco High Income Fund (PHK) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $4.50, market value $842 million.

## Valuation
- **P/E (trailing): 9.4×** (5-yr avg 7.7×, 3-yr avg 7.7×). Pimco High Income Fund trades at 9.4× trailing earnings, well above its own five-year average of 7.7×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 8.1×**. Each dollar of revenue is priced at 8.1×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 8.1%** (5-yr avg 19.5%). Free cash flow equals 8.1% of the market value, below its five-year average of 19.5%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 10.7%**. The inverse of the P/E: 10.7% of the price is earned each year.

## Profitability
- **Net margin: 99.8%**. 99.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.9%**. 12.9% on shareholders' equity is solid.
- **Return on assets: 11.2%**. Each dollar of assets produces 11.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 11.5%**. Revenue grew 11.5% over the last year.
- **EPS growth (1 yr): 3.3%**. Earnings per share rose 3.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -38.7%/yr**. Free cash flow has compounded at -38.7% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $4 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 12.80%** ($0.58 per share, trailing). Pimco High Income Fund yields 12.80%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 83%** (126% of free cash flow). 83% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): -2.1%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 5.1%**. Dividends plus net buybacks return 5.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): 0.7%** (YTD -0.6%, 3-mo 1.2%). The shares are up 0.7% over twelve months including dividends.
- **From 52-week high: -10.7%** (2.0% above the low). Trading 11% 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): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 0.35** (volatility 12%). Beta of 0.35 against the S&P 500: the shares move much less than the market.

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

Not investment advice.