Is PIMCO New York Municipal Income Fund overvalued?

PIMCO New York Municipal Income Fund (PNI) looks overvalued — trading about 16% above its fair value.

Overvalued

Price

$7.07

Fair value

$5.95

Current P/E

19.3

Normal P/E

16.2

Market cap

$168.8M

Dividend yield

3.3%

Return on equity

3.4%

Sector

Financial Services

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

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