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Tortoise Pipeline & Energy Fund Inc. (:TTP)
Book Value Per Share
\$0.00 (As of . 20)

Tortoise Pipeline & Energy Fund Inc.'s book value per share for the quarter that ended in . 20 was \$0.00.

During the past 12 months, Tortoise Pipeline & Energy Fund Inc.'s average Book Value Per Share Growth Rate was -99.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -14.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -32.20% per year.

During the past 0 years, the highest 3-Year average Book Value Per Share Growth Rate of Tortoise Pipeline & Energy Fund Inc. was 28.70% per year. The lowest was -35.30% per year. And the median was -23.20% per year.

Tortoise Pipeline & Energy Fund Inc.'s current price is \$29.38. Its book value per share for the quarter that ended in . 20 was \$0.00. Hence, today's P/B Ratio of Tortoise Pipeline & Energy Fund Inc. is .

Definition

Tortoise Pipeline & Energy Fund Inc.'s Book Value Per Share for the fiscal year that ended in . 20 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Total Shares Outstanding = (N/A - 0.00) / 0.00 = N/A

Tortoise Pipeline & Energy Fund Inc.'s Book Value Per Share for the quarter that ended in . 20 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Total Shares Outstanding = (N/A - 0.00) / 0.00 = N/A

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the companys past acquisitions. Book value less intangibles is called Tangible Book.

Explanation

Usually a companys book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tortoise Pipeline & Energy Fund Inc. Annual Data

 Book Value Per Share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Tortoise Pipeline & Energy Fund Inc. Semi-Annual Data

 Book Value Per Share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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