Nuveen Arizona Quality Municipalome Fund's book value per share for the quarter that ended in Aug. 2023 was $12.19.
During the past 12 months, Nuveen Arizona Quality Municipalome Fund's average Book Value Per Share Growth Rate was -4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Arizona Quality Municipalome Fund was 3.40% per year. The lowest was -7.50% per year. And the median was 0.40% per year.
Nuveen Arizona Quality Municipalome Fund's current price is $10.6399. Its book value per share for the quarter that ended in Aug. 2023 was $12.19. Hence, today's PB Ratio of Nuveen Arizona Quality Municipalome Fund is 0.86.
During the past 13 years, the highest P/B Ratio of Nuveen Arizona Quality Municipalome Fund was 1.14. The lowest was 0.66. And the median was 0.95.
Nuveen Arizona Quality Municipalome Fund Book Value per Share Historical Data
The historical data trend for Nuveen Arizona Quality Municipalome Fund's Book Value per Share 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.
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Nuveen Arizona Quality Municipalome Fund Annual Data
For the Asset Management subindustry, Nuveen Arizona Quality Municipalome 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.
Nuveen Arizona Quality Municipalome Fund PB Ratio Distribution
For the Asset Management industry and Financial Services sector, Nuveen Arizona Quality Municipalome Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen Arizona Quality Municipalome Fund's PB Ratio falls into.
Nuveen Arizona Quality Municipalome Fund Book Value per Share Calculation
Nuveen Arizona Quality Municipalome Fund's Book Value Per Share for the fiscal year that ended in Feb. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Nuveen Arizona Quality Municipalome Fund (NYSE:NAZ) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Nuveen Arizona Quality Municipalome Fund Book Value per Share Related Terms
Thank you for viewing the detailed overview of Nuveen Arizona Quality Municipalome Fund's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen Arizona Quality Municipalome Fund (Nuveen Arizona Quality Municipalome Fund) Business Description
Nuveen Arizona Quality Municipal Income Fund is a closed-end management investment company. Its primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes. The fund's secondary objective is to enhance the portfolio value relative to the Arizona municipal bond market through investments in tax-exempt Arizona Municipal Obligations that, in the opinion of the Fund's investment adviser, are underrated or undervalued or that represent municipal market sectors that are undervalued.
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