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The historical rank and industry rank for Pioneer Floating Rate Trust's Net Cash per Share or its related term are showing as below:
PHD's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 6.51 * Ranked among companies with meaningful Price-to-Net-Cash only.
Pioneer Floating Rate Trust (NYSE:PHD) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Pioneer Floating Rate Trust Net Cash per Share Related Terms
Pioneer Floating Rate Trust Net Cash per Share Historical Data
* 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.
Pioneer Floating Rate Trust Net Cash per Share Chart
PHD vs DEFG, PIAC, SVVC: Net Cash per Share Comparison
For the Asset Management subindustry, Pioneer Floating Rate Trust's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
Pioneer Floating Rate Trust Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Pioneer Floating Rate Trust's Price-to-Net-Cash falls into.
Pioneer Floating Rate Trust Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Pioneer Floating Rate Trust's Net Cash per Share for the fiscal year that ended in Nov. 2024 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.
Pioneer Floating Rate Trust (PHD) has a Net Cash per Share of $-5.39 as of May. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Pioneer Floating Rate Trust and its competitors.
Is Pioneer Floating Rate Trust's Net Cash per Share too high?
Pioneer Floating Rate Trust's current Net Cash per Share is $-5.39. Overall, Pioneer Floating Rate Trust has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Floating Rate Trust's Net Cash per Share compare to DEFG and PIAC?
Pioneer Floating Rate Trust's Net Cash per Share of $-5.39 can be compared against companies in the Asset Management industry. The industry median Net Cash per Share is 6.51. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Asset Management company?
The median Net Cash per Share among Asset Management companies is 6.51, based on 454 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Pioneer Floating Rate Trust and its competitors. For the Asset Management industry, the median Net Cash per Share is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Floating Rate Trust's current Net Cash per Share is $-5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Floating Rate Trust stock overvalued right now?
Pioneer Floating Rate Trust (PHD) has a current Net Cash per Share of $-5.39. The current Net Cash per Share is $-5.39. Pioneer Floating Rate Trust's overall GF Score™ is 12/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Pioneer Floating Rate Trust (PHD), the current Net Cash per Share is $-5.39 as of May. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.
12GF Score
Get the complete analysis for PHD
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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