PCM Fund Inc. Common Stock (PCM)

FairStock Score: 63/100 — STEADY

Key Financials

AI Analysis

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

As a value investor, I ask what I am buying and what I am paying. PCM Fund is not an operating company; it is a closed-end fixed-income fund holding mostly commercial mortgage-backed securities, managed by Allianz and co-managed by PIMCO. That gives specialized credit exposure, but the fund itself has little durable competitive advantage; results depend on CMBS credit, leverage, and distribution policy. At the 2026-10-13 close of $4.94, FairStock's calculations show a P/B of 0.83 and a Graham Number of $6.91, implying a 28.51% margin of safety against that yardstick. The P/E is 13, the dividend yield is 14.38%, and beta is 0.51, so the income and low-volatility appeal are clear. Yet quality signals are mixed. ROE is 9.01% and ROCE is 5.20%, while debt-to-equity of 0.53 shows meaningful leverage. The Piotroski F-Score is only 1/9, and the Altman Z-Score of 0.74 is very low, though those scores are less natural for a fund. A 14.38% yield with the price near the 52-week low of $4.85 may reflect credit stress or return-of-capital risk rather than a pure bargain. The FairStock score is 63/100, middling. Growth data is unavailable, and the computed Lynch category is none because there are only 0 years of filed results. I would want proof that distributions are covered and book value is stable. At 0.83 times book, the price looks cheaper than the assets, but weak financial-strength readings make this a speculative deep-value income situation, not a high-quality compounder.

In plain English: PCM Fund is a closed-end fund that invests mostly in commercial mortgage-backed bonds. Its numbers show a high dividend but also a lot of borrowed money and weak financial-strength scores, so the business looks fragile. The shares trade below their accounting value and below one common fair-value measure, so the price looks somewhat cheap, though risky.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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