What is Blackrock Floating Rateome Trust Book Value per Share?
Blackrock Floating Rateome Trust's book value per share for the quarter that ended in Dec. 2023 was $12.90.
During the past 12 months, Blackrock Floating Rateome Trust's average Book Value Per Share Growth Rate was 3.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.50% 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 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Blackrock Floating Rateome Trust was -1.30% per year. The lowest was -3.80% per year. And the median was -2.35% per year.
Blackrock Floating Rateome Trust's current price is $12.99. Its book value per share for the quarter that ended in Dec. 2023 was $12.90. Hence, today's PB Ratio of Blackrock Floating Rateome Trust is 1.01.
During the past 7 years, the highest P/B Ratio of Blackrock Floating Rateome Trust was 1.06. The lowest was 0.60. And the median was 0.91.
Blackrock Floating Rateome Trust Book Value per Share Historical Data
The historical data trend for Blackrock Floating Rateome Trust'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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Blackrock Floating Rateome Trust Book Value per Share Chart
Competitive Comparison of Blackrock Floating Rateome Trust's Book Value per Share
For the Asset Management subindustry, Blackrock Floating Rateome Trust'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.
Blackrock Floating Rateome Trust's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock Floating Rateome Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Blackrock Floating Rateome Trust's PB Ratio falls into.
Blackrock Floating Rateome Trust Book Value per Share Calculation
Blackrock Floating Rateome Trust's Book Value Per Share for the fiscal year that ended in Dec. 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.
Blackrock Floating Rateome Trust (NYSE:BGT) 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.
Blackrock Floating Rateome Trust Book Value per Share Related Terms
Thank you for viewing the detailed overview of Blackrock Floating Rateome Trust's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackrock Floating Rateome Trust (Blackrock Floating Rateome Trust) Business Description
Blackrock Floating Rate Income Trust is a closed-end management investment company. Its investment objective is to provide a high level of current income. The company's secondary investment objective is to seek the preservation of capital. The Trust seeks to achieve its investment objectives by investing mainly, under normal conditions, at least 80% of its assets in floating and variable rate instruments of U.S. and non-U.S. issuers, including a substantial portion of its assets in global floating and variable rate securities including senior secured floating rate loans made to corporate and other business entities.
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