PIMCO PCM Fund, Inc.
PIMCO PCM Fund, Inc. is a closed-end fixed-income fund managed by Pacific Investment Management Company LLC. The fund’s primary objective is to generate high current income through a diversified portfolio that is centered on commercial mortgage-backed securities and other credit-sensitive fixed-income instruments. It may also invest across agency and non-agency mortgage-backed securities, corporate debt, loans, and stressed or distressed securities, giving it flexibility across multiple segments of the credit markets. PIMCO PCM Fund, Inc. is designed for investors seeking access to professionally managed income strategies within the taxable bond market, where mortgage-related and structured credit assets play a central role. The fund uses active allocation across fixed-income sectors, making it a focused vehicle in the broader market for securitized credit and income-oriented bond investing.
$4.90
-$0.05 (-1.01%)
EOD Oct 16, 2026
Revenue declined 32.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 55% versus the prior year, cash generation momentum has weakened.
12.5x earnings, 4.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$5M
▼ -32.5% YoY
Net Income (TTM)
$5M
▼ -32.6% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$12M
▼ -54.9% YoY
Op. Cash Flow (TTM)
$12M
▼ -54.9% YoY
Net Debt
$33M
Cash & Equiv.
$0.00
3Y CAGR: -23.8%
Continue Research
Is PIMCO PCM Fund (PCM) overvalued?
At a P/E of 12.5 and a price-to-free-cash-flow of 4.8, PIMCO PCM Fund (PCM) trades below a two-stage DCF intrinsic value of about $30.18 per share, so at $4.90 the stock looks undervalued (515.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, PIMCO PCM Fund scores 30/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 15.7%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is PIMCO PCM Fund's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $30.18 per share for PCM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $22.63. At today's $4.90, that puts the stock about 515.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is PIMCO PCM Fund a high-quality business?+
PIMCO PCM Fund scores 30 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does PIMCO PCM Fund (PCM) pay a dividend, and how much?+
Yes, PIMCO PCM Fund pays a regular dividend of about $0.77 per share per year (typically in quarterly installments), a yield of roughly 15.7% at the current price. That is a payout ratio of about 196.4% of earnings, so the dividend is stretched at this level. PIMCO PCM Fund has grown the dividend at roughly 12.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PCM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is PIMCO PCM Fund a good stock to buy right now?+
That depends on valuation and quality together, not either alone. PCM currently trades below its estimated intrinsic value and scores 30/100 on quality (lower-quality). It also yields about 15.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Asset Management
Spot a number that looks wrong?
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.