As of today (2024-04-24), Mexico Fund's share price is $17.93. Mexico Fund's Tangible Book per Share of Oct. 2023 for the quarter that ended in Oct. 2023 was $18.97. Hence, Mexico Fund's Price to Tangible Book Ratio of today is 0.95.
The historical rank and industry rank for Mexico Fund's Price-to-Tangible-Book or its related term are showing as below:
MXF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8 Med: 0.86 Max: 0.96
Current: 0.95
During the past 7 years, Mexico Fund's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.80. And the median was 0.86.
MXF's Price-to-Tangible-Book is ranked worse than 53.73% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs MXF: 0.95
A closely related ratio is called PB Ratio. As of today, Mexico Fund's share price is $17.93. Mexico Fund's Book Value per Sharefor the quarter that ended in Oct. 2023 was $18.97. Hence, Mexico Fund's P/B Ratio of today is 0.95.
Mexico Fund Price-to-Tangible-Book Historical Data
The historical data trend for Mexico Fund's Price-to-Tangible-Book 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.
Competitive Comparison of Mexico Fund's Price-to-Tangible-Book
For the Asset Management subindustry, Mexico Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Mexico Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Mexico Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Mexico Fund's Price-to-Tangible-Book falls into.
Mexico Fund Price-to-Tangible-Book Calculation
Mexico Fund's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Mexico Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Mexico Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Mexico Fund Inc is a United States based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation. The fund seeks to achieve its objective through investment in securities, primary in equity, listed on the Mexican Stock Exchange. Its portfolio of investment consists of investment in different sectors such as auto parts, airports, building materials, chemical products, consumer products, energy, food and other sectors. The fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
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