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Tri-Continental (Tri-Continental) Price-to-Tangible-Book : 0.93 (As of May. 14, 2024)


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What is Tri-Continental Price-to-Tangible-Book?

As of today (2024-05-14), Tri-Continental's share price is $30.33. Tri-Continental's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $32.66. Hence, Tri-Continental's Price to Tangible Book Ratio of today is 0.93.

The historical rank and industry rank for Tri-Continental's Price-to-Tangible-Book or its related term are showing as below:

TY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85   Med: 0.89   Max: 0.93
Current: 0.93

During the past 8 years, Tri-Continental's highest Price to Tangible Book Ratio was 0.93. The lowest was 0.85. And the median was 0.89.

TY's Price-to-Tangible-Book is ranked better than
56.65% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs TY: 0.93

A closely related ratio is called PB Ratio. As of today, Tri-Continental's share price is $30.33. Tri-Continental's Book Value per Sharefor the quarter that ended in Dec. 2023 was $32.66. Hence, Tri-Continental's P/B Ratio of today is 0.93.


Tri-Continental Price-to-Tangible-Book Historical Data

The historical data trend for Tri-Continental'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.

Tri-Continental Price-to-Tangible-Book Chart

Tri-Continental Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.91 0.89 0.90 0.88 0.88

Tri-Continental Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.88 0.88 0.88 0.88

Competitive Comparison of Tri-Continental's Price-to-Tangible-Book

For the Asset Management subindustry, Tri-Continental'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.


Tri-Continental's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Tri-Continental's Price-to-Tangible-Book falls into.



Tri-Continental Price-to-Tangible-Book Calculation

Tri-Continental's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=30.33/32.656
=0.93

* 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 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.


Tri-Continental Price-to-Tangible-Book Related Terms

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


Tri-Continental (Tri-Continental) Business Description

Traded in Other Exchanges
Address
290 Congress Street, Boston, MA, USA, 02110
Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.
Executives
Janet Carrig director ONE SOUTH WACKER DRIVE SUITE 3200, CHICAGO IL 60606
Raghavendran Sivaraman other: Portfolio Manager of Issuer 225 FRANKLIN STREET, BOSTON MA 02110
Douglas A Hacker director P O BOX 66100-WHQLD, CHICAGO IL 60666
Oleg Nusinzon other: Portfolio Manager of Issuer 225 FRANKLIN ST, BOSTON MA 02110
Gene R Tannuzzo other: Man Dir/GL HD of FI Issuer IA 225 FRANKLIN ST., BOSTON MA 02110
Christopher O. Petersen officer: Vice President and Secretary 5228 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Grace Lee other: Portfolio Manager of Issuer 225 FRANKLIN STREET, BOSTON MA 02110
Brian M. Engelking other: Dir., VP & CFO of Issuer's IA 225 FRANKLIN STREET, BOSTON MA 02110
Sandra Yeager director 225 FRANKLIN ST., BOSTON MA 02110
Jonathan C Cleasby other: Dir., VP & CFO of Issuer's IA 225 FRANKLIN ST., BOSTON MA 02110
David L King other: Portfolio Manager of Issuer C/O PUTNAM LLC, ONE POST OFFICE SQUARE L5, BOSTON MA 02109
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Daniel Beckman officer: Senior Vice President 225 FRANKLIN STREET, BOSTON MA 02110
Brian J Gallagher director 225 FRANKLIN STREET, BOSTON MA 02110
Anthony M Santomero director RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM 19

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