Is PMM or PMO more undervalued in 2026?

CirclFi compares Putnam Managed Municipal Income (PMM) and Putnam Municipal Opportunities (PMO) using 13 institutional-grade valuation models. PMM has a Quality of Company score of 1.7/10 while PMO scores 1.7/10.

Which is a better buy — PMM or PMO?

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 PMM and PMO valuations compare?

PMM at $6.26 and PMO at $10.45 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

PMM vs PMO Valuation Comparison 2026 — Intrinsic Value Analysis

PMM

Asset Management

Putnam Managed Municipal Income

Quality

1.7

out of 10

Value Trap

—

Price

$6.26

Last close

Models

7/13

Active

PMO

Asset Management

Putnam Municipal Opportunities

Quality

1.7

out of 10

Value Trap

—

Price

$10.45

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	PMM Fair Value	PMM Upside	PMO Fair Value	PMO Upside
Bayesian DCF	Intrinsic	$1.66	-73.5%	$2.77	-73.5%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	—	—	$4.98	-51.8%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$3.35	-46.2%	$5.70	-45.1%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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PMM vs PMO — Which Stock Is More Undervalued?

Both PMM and PMO score 1.7/10 on quality. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Putnam Managed Municipal Income (PMM) and Putnam Municipal Opportunities (PMO) 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.

PMM currently trades at $6.26 with a QOC of 1.7/10, while PMO trades at $10.45 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).