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PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Price-to-Tangible-Book : 1.02 (As of Apr. 25, 2024)


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What is PennantPark Floating Rate Capital Price-to-Tangible-Book?

As of today (2024-04-25), PennantPark Floating Rate Capital's share price is $11.39. PennantPark Floating Rate Capital's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $11.20. Hence, PennantPark Floating Rate Capital's Price to Tangible Book Ratio of today is 1.02.

The historical rank and industry rank for PennantPark Floating Rate Capital's Price-to-Tangible-Book or its related term are showing as below:

PFLT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.4   Med: 0.96   Max: 1.08
Current: 1.02

During the past 13 years, PennantPark Floating Rate Capital's highest Price to Tangible Book Ratio was 1.08. The lowest was 0.40. And the median was 0.96.

PFLT's Price-to-Tangible-Book is ranked worse than
65.76% of 1624 companies
in the Asset Management industry
Industry Median: 0.93 vs PFLT: 1.02

A closely related ratio is called PB Ratio. As of today, PennantPark Floating Rate Capital's share price is $11.39. PennantPark Floating Rate Capital's Book Value per Sharefor the quarter that ended in Dec. 2023 was $11.20. Hence, PennantPark Floating Rate Capital's P/B Ratio of today is 1.02.


PennantPark Floating Rate Capital Price-to-Tangible-Book Historical Data

The historical data trend for PennantPark Floating Rate Capital's Price-to-Tangible-Book 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.

PennantPark Floating Rate Capital Price-to-Tangible-Book Chart

PennantPark Floating Rate Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.69 1.01 0.83 0.96

PennantPark Floating Rate Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 0.95 0.97 0.96 1.08

Competitive Comparison of PennantPark Floating Rate Capital's Price-to-Tangible-Book

For the Asset Management subindustry, PennantPark Floating Rate Capital's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


PennantPark Floating Rate Capital's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PennantPark Floating Rate Capital's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where PennantPark Floating Rate Capital's Price-to-Tangible-Book falls into.



PennantPark Floating Rate Capital Price-to-Tangible-Book Calculation

PennantPark Floating Rate Capital's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=11.39/11.203
=1.02

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


PennantPark Floating Rate Capital Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of PennantPark Floating Rate Capital's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


PennantPark Floating Rate Capital (PennantPark Floating Rate Capital) Business Description

Traded in Other Exchanges
Address
1691 Michigan Avenue, Miami, FL, USA, 33139
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.
Executives
Allorto Richard T Jr officer: CFO and Treasurer C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Jose A Briones director 55 PLEASANTVILLE ROAD, NEW VERNON NJ 07976
Richard Cheung officer: See Remarks C/O CAREY CREDIT INCOME FUND, 330 MADISON AVENUE, NEW YORK NY 10017
Samuel L Katz director 9 WEST 57TH ST, NEW YORK NY 10019
Adam K Bernstein director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Aviv Efrat officer: CFO C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Arthur H Penn director, officer: Chairman and CEO, other: Investment Adviser
Jeffrey Flug director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022
Marshall Brozost director C/O PENNANTPARK INVESTMENT CORPORATION, 445 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10022