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Definitive Analysis

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Page: Earnings Power Value

Putnam Municipal Opportunities Trust

Ticker: PMO | Industry: Asset Management | Sector: Financial Services
$10.46 -0.01 (-0.10%)
As of: 2026-01-23

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Valuation Snapshot

Intrinsic Range$7.72 — $10.57
Selected Value (Mid)$9.15
Live Price$10.43
Upside / Downside-12.31%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$7.72$9.15$10.57

Normalized EBIT Margin

ScenarioMargin
Low100.78%
Mid118.57%
High136.35%

Normalized Tax Rate

MetricValue
Tax Rate15.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low22,212,637
Mid26,132,514
High30,052,391

Capital Structure

ComponentValue
Net Debt10,132,806
Shares Outstanding28,058,262
WACC9.80%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin118.57%135.70%
NOPAT (Earnings)26,132,51429,908,245
Enterprise Value266,762,759305,305,722

Valuation Details

MetricLowMidHigh
Enterprise Value226,748,346266,762,759306,777,173
(-) Net Debt10,132,80610,132,80610,132,806
(=) Equity Value216,615,540256,629,953296,644,367
(/) Shares Outstanding28,058,26228,058,26228,058,262
(=) Fair Value$7.72$9.15$10.57
Live Price$10.43$10.43$10.43
Upside %-25.98%-12.31%1.37%

High-Upside EPV Screener

US Market Global Market
« 3 »
Ticker Company Price EPV Upside
LRN Stride, Inc. $68.34 $93.70 37.11%
BXMX Nuveen S&P 500 Buy-Write Income Fund $14.72 $20.18 37.06%
AMRB American River Bankshares $20.91 $28.63 36.90%
JMM Nuveen Multi-Market Income Fund $6.00 $8.20 36.66%
MAPS WM Technology, Inc. $0.84 $1.15 36.25%
BDL Flanigan's Enterprises, Inc. $31.21 $42.50 36.16%
WIW Western Asset Inflation-Linked Opportunities & Income Fund $8.59 $11.66 35.74%
CC The Chemours Company $13.28 $18.01 35.59%
MFICL MidCap Financial Investment Corporation 8.00% Notes due 2028 $7.72 $10.45 35.37%
CXE MFS High Income Municipal Trust $3.71 $5.02 35.35%
PFBI Premier Financial Bancorp, Inc. $17.79 $24.03 35.10%
USNA USANA Health Sciences, Inc. $19.49 $26.31 35.01%
CMU MFS High Yield Municipal Trust $3.52 $4.75 35.00%
MTG MGIC Investment Corporation $28.98 $38.96 34.45%
TMHC Taylor Morrison Home Corporation $59.09 $79.38 34.33%
BSIG BrightSphere Investment Group Inc. $25.49 $34.24 34.32%
FCBP First Choice Bancorp $29.10 $39.05 34.20%
INSI Insight Select Income Fund $16.23 $21.78 34.17%
REPX Riley Exploration Permian, Inc. $24.77 $33.14 33.78%
MHF Western Asset Municipal High Income Fund Inc. $6.88 $9.19 33.56%
SGMS Scientific Games Corporation $58.07 $77.42 33.32%
STBA S&T Bancorp, Inc. $39.85 $53.12 33.31%
IRWD Ironwood Pharmaceuticals, Inc. $4.30 $5.72 32.96%
UPBD Upbound Group, Inc. $18.70 $24.77 32.46%
WSFS WSFS Financial Corporation $56.49 $74.80 32.42%
EMN Eastman Chemical Company $68.32 $90.37 32.28%
MBNKP Medallion Bank $25.43 $33.64 32.28%
FAF First American Financial Corporation $62.31 $82.26 32.02%
FRA BlackRock Floating Rate Income Strategies Fund, Inc. $11.85 $15.64 31.95%
THRY Thryv Holdings, Inc. $5.98 $7.89 31.95%
GBLI Global Indemnity Group, LLC $28.28 $37.20 31.54%
PMO Putnam Municipal Opportunities Trust $10.60 $13.94 31.54%
CBNK Capital Bancorp, Inc. $28.49 $37.33 31.03%
0JYM.L Markel Corporation $2,129.66 $2,788.06 30.92%
HIPO Hippo Holdings Inc. $31.29 $40.95 30.86%
NMIH NMI Holdings, Inc. $40.37 $52.80 30.79%
MMD NYLI MacKay DefinedTerm Muni Opportunities Fund Shs of Beneficial Interest $15.03 $19.65 30.75%
AHCO AdaptHealth Corp. $10.08 $13.15 30.49%
AVBH Avidbank Holdings, Inc. $26.55 $34.60 30.31%
PACI PROOF Acquisition Corp I $14.50 $18.87 30.15%
FSFG First Savings Financial Group, Inc. $32.37 $42.12 30.14%
0HYE.L Cincinnati Financial Corporation $161.97 $210.27 29.82%
SFBC Sound Financial Bancorp, Inc. $43.51 $56.39 29.60%
RMBI Richmond Mutual Bancorporation, Inc. $13.96 $18.08 29.50%
PFBC Preferred Bank $95.14 $123.12 29.41%
UNTY Unity Bancorp, Inc. $52.07 $67.38 29.41%
PXED Phoenix Education Partners, Inc $34.19 $44.24 29.40%
VKQ Invesco Municipal Trust $9.70 $12.54 29.31%
CII BlackRock Enhanced Capital and Income Fund, Inc. $23.42 $30.20 28.93%
GRBK Green Brick Partners, Inc. $64.40 $83.00 28.88%