Putnam Managed Municipal Income Trust (PMM) Fair Value & Analysis
Financial Services · US · Market cap $272M
Putnam Managed Municipal Income Trust
PMM · US
Fair value as of: Jun 26, 2026
From 22 valuation models · updated 7 days ago
Share price +4.5% over the past month.
Price vs Fair Value (12 months)
12‑month range $5.39 – $6.37 · fair‑value band $3.60 – $6.00 · the $6.35 price screens above the $4.80 fair value. As of Jun 26, 2026.
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Putnam Managed Municipal Income Trust (PMM) currently trades at $6.35, while our model-based Fair Value estimate is $4.80 — implying the stock looks roughly 24.4% overvalued today. We read business quality at 71/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Putnam Managed Municipal Income Trust generated revenue of $19.7M at a net margin of 36.7%. Revenue declined 0.2% year over year. It earns a return on equity of 1.8%. Net debt stands at $15.9M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Putnam Managed Municipal Income Trust reported revenue of $14.0M in FY2025 versus $33.6M in FY2021, a compound −19.7%/yr. Reported net income was $12.1M in FY2025, compounding −22.1%/yr from FY2021.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.