Pimco New York Municipal Income Fund II Common Shares of Beneficial Interest (PNI)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

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

I approach PIMCO New York Municipal Income Fund II as a closed-end fund, not an operating company. It buys New York municipal bonds whose interest is exempt from federal, state, and city income taxes. That can be a durable, understandable income stream, but the fund itself has no wide moat; its edge is PIMCO's management and access to the municipal market, not pricing power. At the 2026-10-13 close of $6.16, the market cap is only $77.8M. FairStock's calculations show a P/E of 8.00, P/B of 0.79, ROE of 14.46%, ROCE of 3.04%, and D/E of 0.75. The P/B discount and Graham Number of $16.99 with a 63.74% margin of safety suggest the price is low against those metrics. The 5.49% dividend yield and beta of 0.76 add appeal for income. But I cannot ignore the financial-health screens: Piotroski F-Score 1/9 and Altman Z-Score 0.15. For a leveraged municipal fund, leverage magnifies interest-rate and credit risk. ROCE is low. FairStock score 55/100 is middling. Growth is unknown: revenue and profit growth are N/A, and the Lynch category is none because there are only 0 years of filed results. That lack of history matters. A Graham-style investor wants a margin of safety, but also reliable earning power and honest stewardship. Here the discount may be real, but it could reflect distribution coverage, leverage, and rate risk. The 52-week range of $5.96 to $7.20 shows the market's uncertainty. I would need more filed periods and distribution coverage before trusting the discount. The price looks statistically cheap, but the business quality is unproven and the balance-sheet safety signals are poor.

In plain English: This fund owns New York tax-free municipal bonds and pays income to shareholders. The market price looks cheap compared with its asset value and a simple earnings-based measure, but the fund uses borrowed money and some financial-strength checks look weak. There is not enough filed history to judge how steady the business has been.

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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