* 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 Health Sciences Trust II Cyclically Adjusted PB Ratio Chart
BlackRock Health Sciences Trust II Annual Data
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Cyclically Adjusted PB Ratio
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BlackRock Health Sciences Trust II Semi-Annual Data
Competitive Comparison of BlackRock Health Sciences Trust II's Cyclically Adjusted PB Ratio
For the Asset Management subindustry, BlackRock Health Sciences Trust II's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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 Health Sciences Trust II's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock Health Sciences Trust II's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where BlackRock Health Sciences Trust II's Cyclically Adjusted PB Ratio falls into.
BlackRock Health Sciences Trust II Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
BlackRock Health Sciences Trust II does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.
BlackRock Health Sciences Trust II (NYSE:BMEZ) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
BlackRock Health Sciences Trust II Cyclically Adjusted PB Ratio Related Terms
Thank you for viewing the detailed overview of BlackRock Health Sciences Trust II's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock Health Sciences Trust II (BlackRock Health Sciences Trust II) Business Description
BlackRock Health Sciences Trust II is a closed-end management investment company. The investment objective is to provide total return through a combination of current income and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry.
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