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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 (2024-04-24), Allspring Global Dividend Opportunity Fund's share price is $4.53. Allspring Global Dividend Opportunity Fund's Book Value per Share for the quarter that ended in Oct. 2023 was $4.52. Hence, Allspring Global Dividend Opportunity Fund's PB Ratio of today is 1.00.
The historical rank and industry rank for Allspring Global Dividend Opportunity Fund's PB Ratio or its related term are showing as below:
During the past 7 years, Allspring Global Dividend Opportunity Fund's highest PB Ratio was 1.24. The lowest was 0.56. And the median was 0.94.
During the past 12 months, Allspring Global Dividend Opportunity Fund's average Book Value Per Share Growth Rate was -1.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.50% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Allspring Global Dividend Opportunity Fund was 2.40% per year. The lowest was -10.20% per year. And the median was -5.10% per year.
The historical data trend for Allspring Global Dividend Opportunity 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.
Allspring Global Dividend Opportunity Fund Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||
PB Ratio | Get a 7-Day Free Trial | 0.95 | 0.85 | 0.96 | 1.01 | 0.85 |
Allspring Global Dividend Opportunity Fund Semi-Annual Data | |||||||||||||
Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | |
PB Ratio | Get a 7-Day Free Trial | 0.96 | 0.94 | 1.01 | 0.92 | 0.85 |
For the Asset Management subindustry, Allspring Global Dividend Opportunity 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, Allspring Global Dividend Opportunity Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Allspring Global Dividend Opportunity 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.
Allspring Global Dividend Opportunity Fund's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Oct. 2023) |
= | 4.53 | / | 4.522 | |
= | 1.00 |
* 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.
Allspring Global Dividend Opportunity Fund (NYSE:EOD) 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 Allspring Global Dividend Opportunity Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer Lea Grunberg | officer: Chief Compliance Officer | 350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022 |
Paul Werner Felsch | officer: Chief Complaince Officer | 100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051 |
Jane A Freeman | director | ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Christopher Micah Baker | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356 |
Karin Brotman | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105 |
Kate Sandman Mckinley | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210 |
Richard Matthew Prasse | officer: Secretary | WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704 |
Christopher M Lee | other: Portfolio Manager | WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Silva Harindra De | other: Portfolio Manager | 550 SOUTH GRAND AVENUE, 23RD FLOOR, LOS ANGELES CA 90071 |
Dennis Bein | other: Portfolio Manager | 550 SOUTH GRAND AVENUE, 23RD FLOOR, LOS ANGELES CA 90071 |
Michael Joseph Schueller | other: Portfolio Manager | 100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400 |
Vincent J Fioramonti | other: Portfolio Manager | 10715 DAVID TAYLOR DRIVE, CHARLOTTE NC 28262 |
Gregory Mcmurran | other: Portfolio Manager | 550 SOUTH GRAND AVENUE, 23RD FLOOR, LOS ANGELES CA 90071 |
Megan Miller | other: Portfolio Manager | 555 W 5TH STREET, 50TH FLOOR, LOS ANGELES CA 90013 |
Justin P Carr | other: Portfolio Manager | 10715 DAVID TAYLOR DRIVE, CHARLOTTE NC 28262 |
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