Western Asset Municipal High Income Fund Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Western Asset Municipal High Income Fund Inc. (MHF), the latest P/E of 18.4 frames valuation, while ROE 5.31% and ROIC 5.30% indicates profitability and capital efficiency. Together with the current ratio of 2.87 and debt-to-equity 0.02, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

MHF Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$0.30$0.36$0.26$0.21$0.43$0.27$0.69$0.05$0.16$0.37
Net Income per Share$0.37$0.84$0.18$-0.96$0.41$0.11$0.68$0.04$0.15$0.44
Operating Cash Flow per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Free Cash Flow per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Cash per Share$0.32$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Book Value per Share$6.89$7.23$6.61$6.81$8.01$7.86$8.05$7.14$8.15$8.09
Tangible Book Value per Share$6.89$7.23$6.61$6.81$8.01$7.86$8.05$7.14$8.15$8.09
Interest Debt per Share$0.13$0.19$0.13$0.04$0.06$0.00$0.00$0.00$0.00$0.00
CAPEX per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

MHF Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)18.368.3333.39-6.5220.4967.8511.22173.2549.9316.97
Price to Book (P/B)0.980.970.910.921.060.920.950.970.920.93
Price to Sales (P/S)22.8719.3223.0929.619.8926.3811.05140.1246.3720.25
Enterprise Value to EBITDA18.478.5534.07-6.5620.6367.930175.100
EV to Sales23.2919.8323.5629.7920.0326.4111.05141.6246.3720.25
EV to Operating Cash Flow0000000000
EV to Free Cash Flow0000000000
Enterprise Value$152.74M$155.62M$135.70M$136.39M$184.84M$155.73M$165.28M$162.67M$157.51M$162.90M

MHF Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)5.31%11.61%2.72%-14.10%5.17%1.35%8.47%0.56%1.84%5.49%
Return on Invested Capital (ROIC)5.30%11.32%2.72%-13.99%5.12%1.35%8.46%0.66%-2.19%3.89%
Return on Tangible Assets5.14%11.11%2.59%-13.96%5.06%1.33%8.39%0.56%1.82%5.37%
Earnings Yield5.46%12.00%3.00%-15.34%4.88%1.47%8.91%0.58%2.00%5.89%
Free Cash Flow Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield6.04%5.13%3.99%3.83%3.08%4.00%4.01%4.42%4.10%4.38%

MHF Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio2.871.2115.41.511.171.84.992.650.86
Interest Coverage98.84152.3258.99-3175.681205.5410661.9843455.1634406.7815388.650
Income Quality0000000000
Debt to Equity0.020.030.020.010.0100000
Debt to Assets1.71%2.48%1.78%0.58%0.74%0.00%0.00%0.00%0.00%0.00%
Net Debt to EBITDA0.330.220.69-0.040.150.0801.8600

MHF Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover2.982.121.211.972.812.315.690.420.922.54
Payables Turnover0.320.460.210.020.660.641.41.8400
Inventory Turnover0000000000
Days Sales Outstanding122.62172.32300.49185.17130.11157.7464.2875.23394.7143.62
Days Payables Outstanding1128.23798.631769.5923984.1551.84567.35260.01198.0800
Days of Inventory on Hand0000000000

MHF Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA18.478.5534.07-6.5620.6367.930175.100
Market Cap$150.01M$151.56M$132.97M$135.52M$183.54M$155.54M$165.28M$160.94M$157.51M$162.90M
Enterprise Value$152.74M$155.62M$135.70M$136.39M$184.84M$155.73M$165.28M$162.67M$157.51M$162.90M
Dividend Yield6.04%5.13%3.99%3.83%3.08%4.00%4.01%4.42%4.10%4.38%
Payout Ratio0.00%42.70%133.11%-24.96%63.20%271.60%44.94%765.00%204.67%74.26%

Frequently Asked Questions

How does Western Asset Municipal High Income Fund Inc.’s P/E ratio compare with its history?

On this page, MHF's current P/E is 18.4, compared with a multi-year average around 44.4. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Western Asset Municipal High Income Fund Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $150.01M. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Western Asset Municipal High Income Fund Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Western Asset Municipal High Income Fund Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Western Asset Municipal High Income Fund Inc. compare to its competitors in key financial ratios?

The fastest way to compare Western Asset Municipal High Income Fund Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Western Asset Municipal High Income Fund Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Western Asset Municipal High Income Fund Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Western Asset Municipal High Income Fund Inc. is financially strong. Current ratio is about 2.87, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 98.84, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.02, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Western Asset Municipal High Income Fund Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Western Asset Municipal High Income Fund Inc. is sustaining strong returns (for example ROE at 5.31% and ROIC at 5.30%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.