Is Western Asset High Yield Defined Opportunity Fund Inc. overvalued?

Western Asset High Yield Defined Opportunity Fund Inc. (HYI) looks undervalued — trading about 18% below its fair value.

Undervalued

Price

$10.63

Fair value

$12.56

Current P/E

9.9

Normal P/E

11.7

Market cap

$241.0M

Dividend yield

9.6%

Return on equity

8.1%

Sector

Financial Services

Fair value compares HYI's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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