Is BlackRock MuniYield Michigan Quality Fund, Inc. overvalued?

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) looks overvalued — trading about 58% above its fair value.

Overvalued

Price

$12.13

Fair value

$5.14

Current P/E

36.0

Normal P/E

15.2

Market cap

$351.4M

Dividend yield

6.2%

Return on equity

-6.1%

Sector

Financial Services

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

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