Pimco Municipal Income Fund II Common Shares of Beneficial Interest (PML)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

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

I look at PML as a closed-end municipal bond fund, not an operating company, so I focus on the discount to asset value, distribution coverage, and balance-sheet leverage. As of the 2026-10-13 close, the shares are $6.57. FairStock calculates a P/B of 0.81, a P/E of 9.00, a 6.92% dividend yield, and a Graham Number of $15.84, giving a 58.52% margin of safety. Those are superficially Graham-like numbers. But this is a leveraged fund: D/E is 0.72, ROCE is only 3.20%, and ROE is 12.75% on FairStock's calculations. The Piotroski F-Score is 1/9 and the Altman Z-Score is 0.20, both weak. Beta is 0.69, and the 52-week range is $6.39 to $8.01, so the price is near the low end. There is no meaningful growth record here—revenue and profit growth are not available, and the Lynch category is none because there are only 0 years of filed results, below the three years needed. That absence of history matters. A PIMCO-managed municipal fund may have some franchise value, but I cannot verify a durable moat from the supplied figures. The FairStock Score is 44/100. The low P/B and high yield could mean the market is pricing credit, leverage, or distribution risk. Graham would demand proof that the discount is real and the income is covered. Buffett would ask whether the fund's economics are permanently impaired. At $6.57, the price looks statistically cheap, but the weak financial scores and lack of filed history make me want much more evidence before calling it a bargain.

In plain English: PIMCO Municipal Income Fund II is a closed-end fund that owns municipal bonds and similar short-term securities. Its reported financial-strength scores look weak, and it uses borrowed money. The shares look cheap compared with reported book value and earnings, but the low price may reflect real risks.

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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