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Pioneer Highome Trust (Pioneer Highome Trust) Net Cash per Share

: $-3.88 (As of Sep. 2023)
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Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Pioneer Highome Trust's Net Cash per Share for the quarter that ended in Sep. 2023 was $-3.88.

The historical rank and industry rank for Pioneer Highome Trust's Net Cash per Share or its related term are showing as below:

PHT's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 6.815
* Ranked among companies with meaningful Price-to-Net-Cash only.

Pioneer Highome Trust Net Cash per Share Historical Data

The historical data trend for Pioneer Highome Trust's Net Cash 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.

* Premium members only.

Pioneer Highome Trust Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net Cash per Share
Premium Member Only -4.47 -3.43 -4.13 -4.05 -3.68

Pioneer Highome Trust Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net Cash per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.67 -4.05 -3.69 -3.68 -3.88

Competitive Comparison

For the Asset Management subindustry, Pioneer Highome 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 Highome Trust Price-to-Net-Cash Distribution

For the Asset Management industry and Financial Services sector, Pioneer Highome Trust's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Pioneer Highome Trust's Price-to-Net-Cash falls into.



Pioneer Highome 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 Highome Trust's Net Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as

Net Cash per Share (A: Mar. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.498+0-108.604-0)/29.3416
=-3.68

Pioneer Highome Trust's Net Cash per Share for the quarter that ended in Sep. 2023 is calculated as

Net Cash per Share (Q: Sep. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.344+0-114.111-0)/29.3416
=-3.88

* 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 Highome Trust  (NYSE:PHT) 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 Highome Trust Net Cash per Share Related Terms

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Pioneer Highome Trust (Pioneer Highome Trust) Business Description

Traded in Other Exchanges
N/A
Address
60 State Street, Boston, MA, USA, 02109
Pioneer High Income Trust is a closed-end management investment company. Its investment objective is to provide a high level of current income and to seek capital appreciation. The group generally invests in fixed income markets. Geographically its activities are carried out through the United States.
Executives
Yana Karalnik officer: CHIEF COMPLIANCE OFFICER 60 STATE STREET, BOSTON MA 02109
Michael Melnick officer: Assistant Treasurer 60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr officer: Treasurer 60 STATE STREET, BOSTON MA 02109
Craig C Mackay officer: Trustee 75 WEST 125TH STREET, NEW YORK NY 10027
Diane Durnin other: Trustee 60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr. other: Trustee 60 STATE STREET, BOSTON MA 02109
John Michael Malone officer: Chief Compliance Officer 60 STATE STREET, BOSTON MA 02019
Matthew B Shulkin other: Affiliated Person 60 STATE STREET, C/O AMUNDI PIONEER, BOSTON MA 02109
Mark Edward Bradley officer: ASSISTANT TREASURER 60 STATE STREET, BOSTON MA 02109
Lorraine H Monchak other: Trustee 60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi other: Trustee 60 STATE STREET, BOSTON MA 02109
Lisa Jones officer: Chief Executive Officer 60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Marc O Mayer other: Trustee C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105