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 (2024-05-10), NEW GERMANY FUND's share price is $8.67. NEW GERMANY FUND's Book Value per Share for the quarter that ended in Dec. 2023 was $10.66. Hence, NEW GERMANY FUND's PB Ratio of today is 0.81.
Good Sign:
NEW GERMANY FUND INC stock PB Ratio (=0.81) is close to 1-year low of 0.78
The historical rank and industry rank for NEW GERMANY FUND's PB Ratio or its related term are showing as below:
GF'
s PB Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.9 Max: 1.17
Current: 0.81
During the past 7 years, NEW GERMANY FUND's highest PB Ratio was 1.17. The lowest was 0.42. And the median was 0.90.
GF's PB Ratio is ranked better than 73.73% of 1690
companies
in the Asset Management industry
Industry Median: 0.95
vs GF: 0.81
During the past 12 months, NEW GERMANY FUND's average Book Value Per Share Growth Rate was 14.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -21.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -9.40% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of NEW GERMANY FUND was 7.00% per year. The lowest was -21.30% per year. And the median was -9.60% per year.
Back to Basics: PB Ratio
NEW GERMANY FUND PB Ratio Historical Data
The historical data trend for NEW GERMANY 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.
Competitive Comparison of NEW GERMANY FUND's PB Ratio
For the Asset Management subindustry, NEW GERMANY 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.
NEW GERMANY FUND's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's PB Ratio distribution charts can be found below:
* The bar in red indicates where NEW GERMANY FUND's PB Ratio falls into.
NEW GERMANY 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.
* 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.
NEW GERMANY FUND PB Ratio Related Terms
Thank you for viewing the detailed overview of NEW GERMANY FUND's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
NEW GERMANY FUND (NEW GERMANY FUND) Business Description
NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.
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