Putnam Master Intermediate Income Trust Common Stock (PIM)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

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

I look at Putnam Master Intermediate Income Trust not as an operating business but as a closed-end bond fund managed by Putnam. It invests in U.S. fixed-income markets and benchmarks against the Barclays Capital Government/Credit Bond Index. At the 2026-10-13 close of $3.00, FairStock's calculations show a P/B of 0.88 and a P/E of 15.00. FairStock's Graham Number is $3.91, implying a 23.27% margin of safety. That discount is the main attraction. The 8.80% dividend yield and low beta of 0.29 also give it income and defensive characteristics. The FairStock Score is 52/100, middling. I see no durable competitive moat in the provided figures; it is a fund with no pricing power data and no multi-year filed record. Quality and financial health are questionable. FairStock return metrics show ROE of 6.53% and ROCE of 1.86%. FairStock's Piotroski F-Score is 1/9 and its Altman Z-Score is 0.02, both weak signals. No revenue or profit growth figures are provided. The Lynch category is 'none' because only 0 years of filed results exist, and FairStock's rules need 3. That lack of history makes growth trajectory impossible to judge. The price sits near the lower end of the 52-week range of $2.95 to $3.42, which may reflect persistent doubts. As a Graham-style investor, I want a margin of safety and a durable stream of income. The discount to book and conservative value estimate are offsets, but a closed-end fund can trade below book for years. The high distribution is attractive only if the bond portfolio supports it. Without more filed history and stronger financial-health scores, this looks like a speculative income vehicle rather than a high-quality compounder. Price is not demanding, but evidence of business strength is thin.

In plain English: Putnam Master Intermediate Income Trust is a closed-end fund that invests in U.S. bonds and pays a high income. It trades below its accounting value and below a conservative value estimate, but its financial health scores and returns look weak. At $3.00, the price looks cheaper than some value measures, though the lack of filed history and weak scores make it hard to call the business strong.

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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