Western Asset Managed Municipals Fund Inc. Common Stock (MMU)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, Western Asset Managed Municipals Fund traded at $9.19. It is a closed-end fund holding mainly investment-grade U.S. municipal securities, seeking federal tax-exempt income. FairStock calculations show a P/E of 9.67, P/B of 0.84, ROE of 8.78%, ROCE of 2.11%, and a debt-to-equity ratio of 0.49. The 6.94% dividend yield and beta of 0.52 make it look defensive, but the Piotroski F-Score of 1/9, Altman Z-Score of 1.10, and FairStock Score of 37/100 warn that reported financial strength is weak by those models. The Graham Number is $15.32, implying a 40.01% margin of safety from the close, and P/B below 1 means the shares sell at a discount to book value. That is classic Graham territory only if the book value is reliable and the distribution is sustainable. As a fund, it lacks an operating-company moat; its edge, if any, is Western Asset's municipal research and the tax-exempt mandate. Growth history is missing: revenue and profit growth are N/A, and no Lynch category is assigned because there are only 0 years of filed results versus the 3 required. Leverage can magnify both income and losses. I would watch the discount, distribution coverage, and municipal credit conditions. The price looks statistically cheap, but the weak quality scores and missing track record mean the cheapness may be deserved.

In plain English: This is a closed-end fund that invests in U.S. municipal bonds, mainly investment grade and federal tax exempt. The business looks mixed: it offers a high dividend yield and low volatility, but financial-strength scores are weak and there is no multi-year filing history. The price looks cheap compared with its book value and a conservative earnings-based estimate, though that may be because of real risks like borrowing and interest rates.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer