What is Cohen & Steers Infrastructure Fund PB Ratio?
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), Cohen & Steers Infrastructure Fund's share price is $23.18. Cohen & Steers Infrastructure Fund's Book Value per Share for the quarter that ended in Dec. 2023 was $22.88. Hence, Cohen & Steers Infrastructure Fund's PB Ratio of today is 1.01.
The historical rank and industry rank for Cohen & Steers Infrastructure Fund's PB Ratio or its related term are showing as below:
UTF'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.95 Max: 1.24
Current: 1.01
During the past 7 years, Cohen & Steers Infrastructure Fund's highest PB Ratio was 1.24. The lowest was 0.51. And the median was 0.95.
UTF's PB Ratio is ranked worse than 61.17% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs UTF: 1.01
During the past 12 months, Cohen & Steers Infrastructure Fund's average Book Value Per Share Growth Rate was -6.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Cohen & Steers Infrastructure Fund was 8.60% per year. The lowest was -4.20% per year. And the median was -1.80% per year.
Back to Basics: PB Ratio
Cohen & Steers Infrastructure Fund PB Ratio Historical Data
The historical data trend for Cohen & Steers Infrastructure 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 Cohen & Steers Infrastructure Fund's PB Ratio
For the Asset Management subindustry, Cohen & Steers Infrastructure 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.
Cohen & Steers Infrastructure Fund's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Cohen & Steers Infrastructure Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cohen & Steers Infrastructure Fund's PB Ratio falls into.
Cohen & Steers Infrastructure 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.
Cohen & Steers Infrastructure 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.
Cohen & Steers Infrastructure Fund (NYSE:UTF) PB Ratio Explanation
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.
Cohen & Steers Infrastructure Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Cohen & Steers Infrastructure Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cohen & Steers Infrastructure Fund (Cohen & Steers Infrastructure Fund) Business Description
Cohen & Steers Infrastructure Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is total return with an emphasis on income. The Fund invests at least 80% of its managed assets in securities issued by infrastructure companies, which consists of utilities, pipelines, toll roads, airports, railroads, ports, telecommunications companies, and other infrastructure companies, under normal market conditions.
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