As of today (2024-04-24), Cornerstone Strategic Value Fund's share price is $7.28. Cornerstone Strategic Value Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $6.77. Hence, Cornerstone Strategic Value Fund's Price to Tangible Book Ratio of today is 1.08.
The historical rank and industry rank for Cornerstone Strategic Value Fund's Price-to-Tangible-Book or its related term are showing as below:
CLM'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 1.1 Max: 1.4
Current: 1.08
During the past 13 years, Cornerstone Strategic Value Fund's highest Price to Tangible Book Ratio was 1.40. The lowest was 0.97. And the median was 1.10.
CLM's Price-to-Tangible-Book is ranked worse than 72.15% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs CLM: 1.08
A closely related ratio is called PB Ratio. As of today, Cornerstone Strategic Value Fund's share price is $7.28. Cornerstone Strategic Value Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was $6.77. Hence, Cornerstone Strategic Value Fund's P/B Ratio of today is 1.08.
Cornerstone Strategic Value Fund Price-to-Tangible-Book Historical Data
The historical data trend for Cornerstone Strategic Value 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.
For the Asset Management subindustry, Cornerstone Strategic Value 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.
Cornerstone Strategic Value Fund Price-to-Tangible-Book Distribution
For the Asset Management industry and Financial Services sector, Cornerstone Strategic Value Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cornerstone Strategic Value Fund's Price-to-Tangible-Book falls into.
Cornerstone Strategic Value Fund Price-to-Tangible-Book Calculation
Cornerstone Strategic Value 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.
Cornerstone Strategic Value Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Cornerstone Strategic Value Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Cornerstone Strategic Value Fund (Cornerstone Strategic Value Fund) Business Description
Cornerstone Strategic Value Fund Inc is a closed-end management investment company. The fund's objective is to seek long-term capital appreciation through investments in equity securities of U.S. and non-U.S. companies. It invests in various sectors, which include financials, information technology, healthcare, consumer discretionary, industrials, consumer staples, energy, telecommunication services, materials, and other sectors.
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