NEW GERMANY FUND's book value per share for the quarter that ended in Dec. 2023 was $10.66.
During the past 12 months, NEW GERMANY FUND's average Book Value Per Share Growth Rate was 14.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -21.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -9.40% 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 NEW GERMANY FUND was 7.00% per year. The lowest was -21.30% per year. And the median was -9.60% per year.
NEW GERMANY FUND's current price is $8.36. Its book value per share for the quarter that ended in Dec. 2023 was $10.66. Hence, today's PB Ratio of NEW GERMANY FUND is 0.78.
During the past 7 years, the highest P/B Ratio of NEW GERMANY FUND was 1.17. The lowest was 0.42. And the median was 0.90.
Good Sign:
NEW GERMANY FUND INC stock PB Ratio (=0.79) is close to 1-year low of 0.78
NEW GERMANY FUND Book Value per Share Historical Data
The historical data trend for NEW GERMANY 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.
Competitive Comparison of NEW GERMANY FUND's Book Value per Share
For the Asset Management subindustry, NEW GERMANY 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.
NEW GERMANY FUND's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's PB Ratio distribution charts can be found below:
* The bar in red indicates where NEW GERMANY FUND's PB Ratio falls into.
NEW GERMANY FUND Book Value per Share Calculation
NEW GERMANY FUND'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.
NEW GERMANY FUND (NYSE:GF) 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.
NEW GERMANY FUND Book Value per Share Related Terms
Thank you for viewing the detailed overview of NEW GERMANY FUND's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
NEW GERMANY FUND (NEW GERMANY FUND) Business Description
NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.
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