Western Asset High YieldHYI.NValuation Analysis
Based on the blended 10-year P/E and P/B percentiles, the stock currently sits in the “Deeply Undervalued” zone.
As of Oct 16, 2026, Western Asset High Yield (HYI.N) trades at a P/E of 8.69x, P/B of 0.83x, P/S of 7.93x, and a dividend yield of 10.80%.
Longitudinal percentile comparison: P/E sits at the 20th percentile over the trailing 10Y window (vs. 20th percentile over 3Y); P/B sits at the 14th percentile over the trailing 10Y window (vs. 15th percentile over 3Y); P/S sits at the 17th percentile over the trailing 10Y window (vs. 19th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 23rd percentile within its industry and the 14th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 10.80%, ranking at the 100th percentile over the trailing 20Y window.
The P/E and P/B long-window percentiles differ by only 6.5 points, pointing to a consistent valuation read across both metrics. Relative to the broader market, its P/E shows a deeper discount than it does against industry peers. Shareholder returns here are driven almost entirely by cash dividends, with minimal contribution from buybacks. Western Asset High Yield operates in the other sector. Data refreshes weekly and is for reference only, not investment advice.
Also listed as: NYSE: HYI · HYI
Want the full picture on whether Western Asset High Yield (HYI.N) is under- or over-valued? See the full 3Y / 5Y / 10Y / 20Y P/E, P/B, P/S, Dividend Yield & Total Shareholder Yield percentile matrix and the interactive ECharts trend chart on this page.
Historical Percentiles by Metric
| Metric | Current | Market Percentile | Industry Percentile | 3Y Pctl | 5Y Pctl | 10Y Pctl | 20Y Pctl |
|---|---|---|---|---|---|---|---|
| P/E (TTM) | 8.69 | ||||||
| P/B (MRQ) | 0.83 | ||||||
| P/S (TTM) | 7.93 | ||||||
| Dividend Yield | 10.80% | ||||||
| Buyback + Div Yield | 10.80% |