Is PML or PNI more undervalued in 2026?

CirclFi compares Pimco Municipal Income Fund II (PML) and Pimco New York Municipal Income (PNI) using 13 institutional-grade valuation models. PML has a Quality of Company score of 1.8/10 while PNI scores 1.7/10.

Which is a better buy — PML or PNI?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do PML and PNI valuations compare?

PML at $7.48 and PNI at $7.01 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PML vs PNI Valuation Comparison 2026 — Intrinsic Value Analysis

PML

Asset Management

Pimco Municipal Income Fund II

Quality

1.8

out of 10

Value Trap

—

Price

$7.48

Last close

Models

11/13

Active

PNI

Asset Management

Pimco New York Municipal Income

Quality

1.7

out of 10

Value Trap

—

Price

$7.01

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	PML Fair Value	PML Upside	PNI Fair Value	PNI Upside
Bayesian DCF	Intrinsic	$1.98	-73.5%	$1.86	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$5.45	-27.1%	$4.14	-41.8%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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PML vs PNI — Which Stock Is More Undervalued?

PML scores higher with a 1.8/10 quality rating vs PNI's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Pimco Municipal Income Fund II (PML) and Pimco New York Municipal Income (PNI) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

PML currently trades at $7.48 with a QOC of 1.8/10, while PNI trades at $7.01 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).