Is PIMCO California Municipal Income Fund overvalued?

PIMCO California Municipal Income Fund (PCQ) looks undervalued — trading about 78% below its fair value.

Undervalued

Price

$8.98

Fair value

$16.03

Current P/E

7.0

Normal P/E

12.4

Market cap

$504.1M

Dividend yield

2.8%

Return on equity

5.9%

Sector

Financial Services

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

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