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As of today, PennantPark Floating Rate Capital's share price is $13.72. PennantPark Floating Rate Capital's Tangible Book Value per Share of Sep. 2014 for the quarter that ended in Sep. 2014 was $14.40. Hence, PennantPark Floating Rate Capital's Price to Tangible Book Ratio of today is 0.95.
During the past 4 years, PennantPark Floating Rate Capital's highest Price to Tangible Book Ratio was 0.98. The lowest was 0.78. And the median was 0.94.
A closely related ratio is called P/B Ratio. As of today, PennantPark Floating Rate Capital's share price is $13.72. PennantPark Floating Rate Capital's Book Value per Share for the quarter that ended in Sep. 2014 was $14.40. Hence, PennantPark Floating Rate Capital's P/B Ratio of today is 0.95.
PennantPark Floating Rate Capital's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Sep. 2014 )|
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
It can also be calculated from the numbers for the whole company:
|Price to Tangible Book||=||Market Cap||/||Tangible Equity|
|=||Market Cap||/||(Total Equity||-||Preferred Stock||-||Intangibles)|
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.
PennantPark Floating Rate Capital Annual Data
PennantPark Floating Rate Capital Quarterly Data
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