Is Pimco Municipal Income Fund II overvalued?

Pimco Municipal Income Fund II (PML) looks overvalued — trading about 39% above its fair value.

Overvalued

Price

$7.64

Fair value

$4.66

Current P/E

28.3

Normal P/E

17.3

Market cap

$959.7M

Dividend yield

4.3%

Return on equity

3.4%

Sector

Financial Services

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

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