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 (2024-05-01), India Fund's share price is $18.0437. India Fund's Book Value per Share for the quarter that ended in Dec. 2023 was $17.87. Hence, India Fund's PB Ratio of today is 1.01.
Good Sign:
India Fund Inc stock PB Ratio (=1.02) is close to 1-year low of 0.94
The historical rank and industry rank for India Fund's PB Ratio or its related term are showing as below:
IFN'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.87 Max: 1.18
Current: 1.01
During the past 7 years, India Fund's highest PB Ratio was 1.18. The lowest was 0.56. And the median was 0.87.
IFN's PB Ratio is ranked worse than 65.09% of 1693
companies
in the Asset Management industry
Industry Median: 0.93
vs IFN: 1.01
During the past 12 months, India Fund's average Book Value Per Share Growth Rate was 9.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of India Fund was -0.50% per year. The lowest was -10.30% per year. And the median was -8.00% per year.
Back to Basics: PB Ratio
India Fund PB Ratio Historical Data
The historical data trend for India 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.
For the Asset Management subindustry, India 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.
India Fund's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, India Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where India Fund's PB Ratio falls into.
India Fund PB Ratio Calculation
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.
India Fund's PB Ratio for today is calculated as follows:
* 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 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.
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.
India Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of India Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
India Fund Inc is an asset management company. The fund's investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The company's portfolio is non-diversified closed-end management investment company across various sectors such as financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services, utilities and others. Geographically, all the business activity functions through the market of United States.
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