Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Western Asset Global High Fd's tangible book value per share for the quarter that ended in Nov. 2021 was $10.15.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Western Asset Global High Fd Tangible Book per Share Historical Data
The historical data trend for Western Asset Global High Fd's Tangible Book 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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Western Asset Global High Fd Annual Data
Trend
May18
May19
May20
May21
Tangible Book per Share
10.58
10.54
9.75
10.66
Western Asset Global High Fd Semi-Annual Data
Nov17
May18
Nov18
May19
Nov19
May20
Nov20
May21
Nov21
Tangible Book per Share
10.66
9.75
10.59
10.66
10.15
Competitive Comparison
For the Asset Management subindustry, Western Asset Global High Fd's Tangible Book per Share, along with its competitors' market caps and Tangible Book per Share 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.
Western Asset Global High Fd Tangible Book per Share Distribution
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Tangible Book per Share distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's Tangible Book per Share falls into.
Western Asset Global High Fd Tangible Book per Share Calculation
Western Asset Global High Fd's Tangible Book Value Per Share for the fiscal year that ended in May. 2021 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Western Asset Global High Fd (NYSE:EHI) Tangible Book 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.
Western Asset Global High Fd Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Western Asset Global High Fd's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.
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