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 (2024-04-25), Mexico Fund's share price is $17.87. Mexico Fund's Book Value per Share for the quarter that ended in Oct. 2023 was $18.97. Hence, Mexico Fund's PB Ratio of today is 0.94.
The historical rank and industry rank for Mexico Fund's PB Ratio or its related term are showing as below:
MXF'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.89 Max: 1.25
Current: 0.94
During the past 7 years, Mexico Fund's highest PB Ratio was 1.25. The lowest was 0.49. And the median was 0.89.
MXF's PB Ratio is ranked worse than 53.57% of 1693
companies
in the Asset Management industry
Industry Median: 0.93
vs MXF: 0.94
During the past 12 months, Mexico Fund's average Book Value Per Share Growth Rate was 7.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Mexico Fund was 14.40% per year. The lowest was -11.10% per year. And the median was 4.30% per year.
Back to Basics: PB Ratio
Mexico Fund PB Ratio Historical Data
The historical data trend for Mexico 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, Mexico 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.
Mexico Fund's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Mexico Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mexico Fund's PB Ratio falls into.
Mexico 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.
Mexico 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.
Mexico Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Mexico Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mexico Fund Inc is a United States based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation. The fund seeks to achieve its objective through investment in securities, primary in equity, listed on the Mexican Stock Exchange. Its portfolio of investment consists of investment in different sectors such as auto parts, airports, building materials, chemical products, consumer products, energy, food and other sectors. The fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
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