Latin American Discovery Fund (Latin American Discovery Fund) Price-to-Tangible-Book : 1.11 (As of May. 26, 2024)

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What is Latin American Discovery Fund Price-to-Tangible-Book?

As of today (2024-05-26), Latin American Discovery Fund's share price is $12.14. Latin American Discovery Fund's Tangible Book per Share of Jun. 2018 for the quarter that ended in Jun. 2018 was $10.97. Hence, Latin American Discovery Fund's Price to Tangible Book Ratio of today is 1.11.

The historical rank and industry rank for Latin American Discovery Fund's Price-to-Tangible-Book or its related term are showing as below:

LDF's Price-to-Tangible-Book is not ranked ^*
in the Asset Management industry.
Industry Median: 0.96
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Latin American Discovery Fund's share price is $12.14. Latin American Discovery Fund's Book Value per Sharefor the quarter that ended in Jun. 2018 was $10.97. Hence, Latin American Discovery Fund's P/B Ratio of today is 1.11.

Latin American Discovery Fund Price-to-Tangible-Book Historical Data

The historical data trend for Latin American Discovery Fund's Price-to-Tangible-Book 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.

* Premium members only.

Latin American Discovery Fund Price-to-Tangible-Book Chart

Latin American Discovery Fund Annual Data

Trend

Dec17

Price-to-Tangible-Book

Latin American Discovery Fund Semi-Annual Data
	Dec17	Jun18
Price-to-Tangible-Book	-	-

Competitive Comparison of Latin American Discovery Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Latin American Discovery Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Latin American Discovery Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Latin American Discovery Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Latin American Discovery Fund's Price-to-Tangible-Book falls into.

Latin American Discovery Fund Price-to-Tangible-Book Calculation

Latin American Discovery Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2018 )
	=	12.14	/	10.965
	=	1.11

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Latin American Discovery Fund Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Latin American Discovery Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Latin American Discovery Fund (Latin American Discovery Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Latin American Discovery Fund Inc (NYSE:LDF) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Website

https://www.morganstanley.com

Latin American Discovery Fund Inc is a non-diversified, closed-end management investment company. Its investment objective is long-term capital appreciation through investments in equity and debt securities issued or guaranteed governmental entity.

Executives

City Of London Investment Group Plc	10 percent owner	77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Eric J Carlson	officer: Portfolio Manager	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036
Paul C Psaila	officer: Portfolio Manager	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036
City Of London Investment Management Co Ltd	10 percent owner	77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Patricia A Maleski	director	C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036
Timothy J Knierim	officer: CCO	100 MULBERRY STREET, NEWARK NJ 07102
Nancy Everett	director	1812 PARK AVE, RICHMOND VA 23220
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Joseph C Benedetti	officer: Vice President	C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281
John H Gernon	officer: Principle Executive Officer	522 5TH AVENUE, NEW YORK NY 10036
Arthur Jason Lev	officer: President and PEO	522 5TH AVENUE, NEW YORK NY 10036
Gaite Ali	other: Portfolio Manager	522 5TH AVENUE, NEW YORK NY 10036
Sara Furber	officer: President and PEO	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVE, NEW YORK NY 10036
Mary Ann Picciotto	officer: CCO of the Advisor	LORD, ABBETT & CO. LLC, 90 HUDSON STREET, JERSEY CITY NJ 07302
Frank J Smith	officer: PFO & Treasurer	C/O MORGAN STANLEY INVESTMENT MAN, 1221 AVENUE OF THE AVENUE 22ND FL, NEW YORK NY 10020

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