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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-21), Highland Global Allocation Fund's share price is $7.54. Highland Global Allocation Fund's Book Value per Share for the quarter that ended in Sep. 2023 was $11.21. Hence, Highland Global Allocation Fund's PB Ratio of today is 0.67.
Good Sign:
Highland Global Allocation Fund stock PB Ratio (=0.67) is close to 3-year low of 0.61
The historical rank and industry rank for Highland Global Allocation Fund's PB Ratio or its related term are showing as below:
During the past 5 years, Highland Global Allocation Fund's highest PB Ratio was 1.05. The lowest was 0.32. And the median was 0.75.
During the past 12 months, Highland Global Allocation Fund's average Book Value Per Share Growth Rate was -2.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Highland Global Allocation Fund was 5.90% per year. The lowest was -4.20% per year. And the median was 0.85% per year.
The historical data trend for Highland Global Allocation Fund's PB Ratio 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.
Highland Global Allocation Fund Annual Data | |||||||||||
Trend | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | ||||||
PB Ratio | 0.78 | 0.66 | 0.77 | 0.76 | 0.71 |
Highland Global Allocation Fund Semi-Annual Data | ||||||||||
Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
PB Ratio | Get a 7-Day Free Trial | 0.77 | 0.77 | 0.76 | 0.77 | 0.71 |
For the Asset Management subindustry, Highland Global Allocation Fund's PB Ratio, along with its competitors' market caps and PB Ratio 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.
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Highland Global Allocation Fund's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Sep. 2023) |
= | 7.54 | / | 11.213 | |
= | 0.67 |
* 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:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Highland Global Allocation Fund (NYSE:HGLB) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Highland Global Allocation Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert J Froehlich | director | 405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022 |
Dorri Mcwhorter | director | 6431 OAKTON STREET, C/O LIFEWAY FOODS, INC., MORTON GROVE IL 60053 |
Pamela B Corrie | director | 100 PIER 1 PLACE, FORT WORTH TX 76102 |
Stephanie Vitiello | officer: Chief Compliance Officer | NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Brian Mitts | officer: PEO, PFO & Assistant Treasurer | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Dustin David Norris | director, officer: Secretary | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
Bryan A Ward | director | 3625 ROSEDALE, DALLAS TX 75205 |
Robert Jason Post | officer: Chief Compliance Officer | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
Clifford Stoops | officer: Assistant Treasurer | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Frank George Waterhouse | officer: See Remarks | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
Ethan Powell | director | 2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201 |
John Honis | director | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
Timothy K Hui | director | 48 WILLOW GREEN DRIVE, CHURCHVILLE PA 18966 |
Parker Lee Blackwell Iii | officer: Executive Vice President | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
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