Putnam Managed Municipal Income Trust Ratios | P/E, ROE & Valuation

On the Key Ratios page for Putnam Managed Municipal Income Trust (PMM), the latest P/E of 11.6 frames valuation, while ROE 7.13% and ROIC 7.31% indicates profitability and capital efficiency. Together with the current ratio of 0.80 and debt-to-equity 0.05, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

PMM Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$0.36$1.45$0.13$0.28$0.69$0.46$0.99$0.07$0.28$0.51
Net Income per Share$0.64$1.45$0.26$-1.82$0.67$0.19$0.97$0.06$0.25$0.58
Operating Cash Flow per Share$0.00$0.00$0.00$0.53$0.00$0.00$0.00$0.00$0.00$0.00
Free Cash Flow per Share$0.00$0.00$0.00$0.53$0.00$0.00$0.00$0.00$0.00$0.00
Cash per Share$0.26$0.08$0.09$0.00$0.00$0.28$0.07$0.01$0.03$0.26
Book Value per Share$9.02$8.69$7.86$7.84$10.22$12.28$10.61$9.61$11.01$10.40
Tangible Book Value per Share$9.02$8.69$7.86$7.84$10.22$12.28$10.61$9.61$11.01$10.40
Interest Debt per Share$0.45$0.28$0.47$0.74$0.84$0.80$0.43$0.69$0.76$0.40
CAPEX per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

PMM Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)11.584.3419.61-3.1512.4239.398.17116.1530.1812.92
Price to Book (P/B)0.680.720.650.730.810.620.750.70.680.72
Price to Sales (P/S)17.174.3339.7720.612.1216.778.0794.2826.7714.7
Enterprise Value to EBITDA9.974.4919.86-3.5613.6642.380-18.07-35.6754.73
EV to Sales18.394.5143.2423.2213.3418.528.43103.6729.3814.69
EV to Operating Cash Flow00012.25000000
EV to Free Cash Flow00012.25000000
Enterprise Value$281.70M$303.89M$263.22M$321.15M$448.48M$333.78M$393.24M$371.93M$389.90M$402.32M

PMM Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)7.13%16.64%3.33%-23.24%6.56%1.58%9.19%0.60%2.24%5.57%
Return on Invested Capital (ROIC)7.31%16.14%3.74%-21.09%5.95%1.52%8.81%0.73%-1.75%4.04%
Return on Tangible Assets6.74%15.99%3.02%-21.12%5.93%1.45%8.65%0.56%2.07%5.33%
Earnings Yield10.48%23.04%5.10%-31.71%8.05%2.54%12.23%0.86%3.31%7.74%
Free Cash Flow Yield0.00%0.00%0.00%9.20%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield5.50%4.55%6.35%7.03%4.61%5.03%4.78%5.47%5.42%5.82%

PMM Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.81.540.373.3640.581.063.383.352.13
Interest Coverage40.91109.4912.38-142.1149.7322.1482.855.2945.552.85
Income Quality000-0.29000000
Debt to Equity0.050.030.060.090.080.060.040.070.070.02
Debt to Assets4.58%2.95%5.18%8.46%7.36%5.93%3.73%6.54%6.31%2.33%
Net Debt to EBITDA0.660.181.6-0.41.243.990-1.64-3.16-0.05

PMM Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover2.4311.080.32.225.052.546.050.461.612.53
Payables Turnover0.780.420.1531.370.341.490.360.350.170
Inventory Turnover00-0.58-27.29-56.63-297.13-14.35000
Days Sales Outstanding150.1232.951197.24164.5972.28143.4960.29792.04227.25144
Days Payables Outstanding466.14867.492420.3611.641059.64244.381024.181049.982161.380
Days of Inventory on Hand00-632.37-13.38-6.45-1.23-25.44000

PMM Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA9.974.4919.86-3.5613.6642.380-18.07-35.6754.73
Market Cap$263.00M$291.51M$242.08M$284.84M$407.71M$302.34M$376.12M$338.24M$355.30M$402.69M
Enterprise Value$281.70M$303.89M$263.22M$321.15M$448.48M$333.78M$393.24M$371.93M$389.90M$402.32M
Dividend Yield5.50%4.55%6.35%7.03%4.61%5.03%4.78%5.47%5.42%5.82%
Payout Ratio0.00%19.74%124.63%-22.18%57.26%197.96%39.07%635.45%163.48%75.25%

Frequently Asked Questions

How does Putnam Managed Municipal Income Trust’s P/E ratio compare with its history?

On this page, PMM's current P/E is 11.6, compared with a multi-year average around 28.3. 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 Putnam Managed Municipal Income Trust 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 $263.00M. 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 Putnam Managed Municipal Income Trust’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Putnam Managed Municipal Income Trust'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 Putnam Managed Municipal Income Trust compare to its competitors in key financial ratios?

The fastest way to compare Putnam Managed Municipal Income Trust 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 Putnam Managed Municipal Income Trust outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Putnam Managed Municipal Income Trust's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Putnam Managed Municipal Income Trust is financially strong. Current ratio is about 0.80, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 40.91, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.05, 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 Putnam Managed Municipal Income Trust'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 Putnam Managed Municipal Income Trust is sustaining strong returns (for example ROE at 7.13% and ROIC at 7.31%) 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.