# Pimco Municipal Income Fund II of Beneficial Interest (PML) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $6.87, market value $862 million.

## Valuation
- **P/E (trailing): 9.4×** (5-yr avg 368.7×, 3-yr avg 368.7×). Pimco Municipal Income Fund II of Beneficial Interest trades at 9.4× trailing earnings, well below its own five-year average of 368.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 24.7×**. Each dollar of revenue is priced at 24.7×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -37.2%** (5-yr avg 0.2%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 10.6%**. The inverse of the P/E: 10.6% of the price is earned each year.

## Profitability
- **Net margin: 98.4%**. 98.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.4%**. 3.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.9%**. Each dollar of assets produces 1.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 2776.5%**. Revenue grew 2776.5% over the last year.
- **EPS growth (1 yr): 120.0%**. Earnings per share rose 120.0%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $5 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: 6.90%** ($0.47 per share, trailing). Pimco Municipal Income Fund II of Beneficial Interest yields 6.90%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 118%**. The dividend exceeds earnings (118% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -7.5%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: -34.3%**. Dividends plus net buybacks return -34.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): -9.2%** (YTD -5.5%, 3-mo -5.6%). The shares are down 9.2% over twelve months including dividends.
- **From 52-week high: -13.5%** (7.5% above the low). Trading 13% 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): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.30** (volatility 12%). Beta of 0.30 against the S&P 500: the shares move much less than the market.

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

Not investment advice.