Intrinsiqs

Is Western Asset Municipal High Income Fund overvalued?

Western Asset Municipal High Income Fund (MHF) looks undervalued — trading about 147% below its fair value.

Undervalued
Current price $7.04 Fair value $17.38
Price
$7.04
Fair value
$17.38
Current P/E
8.4
Normal P/E
20.7
Market cap
$156.6M
Dividend yield
5.3%
Return on equity
2.4%
Sector
Financial Services

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