Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Price-to-Owner-Earnings : (As of Apr. 29, 2024)

Tortoise Midstream Energy Fund, Price-to-Owner-Earnings Chart

Tortoise Midstream Energy Fund, Semi-Annual Data
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Competitive Comparison of Tortoise Midstream Energy Fund,'s Price-to-Owner-Earnings

For the Asset Management subindustry, Tortoise Midstream Energy Fund,'s Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.

Tortoise Midstream Energy Fund,'s Price-to-Owner-Earnings Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Midstream Energy Fund,'s Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Tortoise Midstream Energy Fund,'s Price-to-Owner-Earnings falls into.

Tortoise Midstream Energy Fund, Price-to-Owner-Earnings Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Tortoise Midstream Energy Fund,'s Price-to-Owner-Earnings for today 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.

Tortoise Midstream Energy Fund,  (NYSE:NTG) Price-to-Owner-Earnings Explanation

For how to get Owner Earnings per Share (TTM), please click.

Tortoise Midstream Energy Fund, Price-to-Owner-Earnings Related Terms

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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Business Description