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Advent Convertible &ome Fund (Advent Convertible &ome Fund) Median PS Value : $0.00 (As of Jun. 10, 2024)


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What is Advent Convertible &ome Fund Median PS Value?

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Advent Convertible &ome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Oct. 2023 was $-0.015. Advent Convertible &ome Fund's 10-Year median PS Ratio is 0. Therefore, the Median PS Value for today is $0.00.

As of today (2024-06-10), Advent Convertible &ome Fund's share price is $12.14. Advent Convertible &ome Fund's Median PS Value is $0.00. Therefore, Advent Convertible &ome Fund's Price to Median PS Value for today is 0.00.

The historical rank and industry rank for Advent Convertible &ome Fund's Median PS Value or its related term are showing as below:

AVK's Price-to-Median-PS-Value is not ranked *
in the Asset Management industry.
Industry Median: 0.96
* Ranked among companies with meaningful Price-to-Median-PS-Value only.

Advent Convertible &ome Fund Median PS Value Historical Data

The historical data trend for Advent Convertible &ome Fund's Median PS Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Advent Convertible &ome Fund Median PS Value Chart

Advent Convertible &ome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Median PS Value
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Advent Convertible &ome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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Competitive Comparison of Advent Convertible &ome Fund's Median PS Value

For the Asset Management subindustry, Advent Convertible &ome Fund's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Advent Convertible &ome Fund's Price-to-Median-PS-Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Convertible &ome Fund's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where Advent Convertible &ome Fund's Price-to-Median-PS-Value falls into.



Advent Convertible &ome Fund Median PS Value Calculation

Advent Convertible &ome Fund's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=-0.015*0
=0.00

10-Year Median PS Ratio is 0.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Advent Convertible &ome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Oct. 2023 was $-0.015.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Advent Convertible &ome Fund  (NYSE:AVK) Median PS Value Explanation

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

Advent Convertible &ome Fund's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=12.14/0.00
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Advent Convertible &ome Fund Median PS Value Related Terms

Thank you for viewing the detailed overview of Advent Convertible &ome Fund's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Advent Convertible &ome Fund (Advent Convertible &ome Fund) Business Description

Traded in Other Exchanges
N/A
Address
888 Seventh Avenue, 31st Floor, New York, NY, USA, 10019
Advent Convertible & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.
Executives
Tracy V Maitland officer: President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Nancy E. Stuebe director, other: Trustee 227 W MONROE STREET, CHICAGO IL 60606
Advent Capital Management /de/ other: Investment Manager 888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Stephen Ellwood officer: CCO & Secretary 888 SEVENTH STREET, 31ST FLOOR, NEW YORK NY 10019
Olin Kathleen Capital Management officer: CCO and Secretary 888 7TH AVENUE 31ST FLOOR, NEW YORK NY 10019
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael A Smart other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Derek Medina director ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Daniel Black director, other: Trustee C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Ronald Nyberg director 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020

Advent Convertible &ome Fund (Advent Convertible &ome Fund) Headlines