As of today (2024-04-24), Pennant Park Investment's share price is $7.23. Pennant Park Investment's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.65. Hence, Pennant Park Investment's Price to Tangible Book Ratio of today is 0.94.
The historical rank and industry rank for Pennant Park Investment's Price-to-Tangible-Book or its related term are showing as below:
PNNT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.34 Med: 0.76 Max: 1.01
Current: 0.95
During the past 13 years, Pennant Park Investment's highest Price to Tangible Book Ratio was 1.01. The lowest was 0.34. And the median was 0.76.
PNNT's Price-to-Tangible-Book is ranked worse than 51.76% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs PNNT: 0.95
A closely related ratio is called PB Ratio. As of today, Pennant Park Investment's share price is $7.23. Pennant Park Investment's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.65. Hence, Pennant Park Investment's P/B Ratio of today is 0.94.
Pennant Park Investment Price-to-Tangible-Book Historical Data
The historical data trend for Pennant Park Investment'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.
For the Asset Management subindustry, Pennant Park Investment'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.
Pennant Park Investment Price-to-Tangible-Book Distribution
For the Asset Management industry and Financial Services sector, Pennant Park Investment's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Pennant Park Investment's Price-to-Tangible-Book falls into.
Pennant Park Investment Price-to-Tangible-Book Calculation
Pennant Park Investment's price-to-tangible-book ratio 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.
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.
Pennant Park Investment Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Pennant Park Investment's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Pennant Park Investment (Pennant Park Investment) Business Description
Pennant Park Investment Corp is a closed-end, non-diversified investment company. Its investment objective is to generate current income and capital appreciation also seeking to preserve capital through debt and equity investments. The company focuses on investing in United States middle-market companies that offer attractive risk-reward to investors and to create a diversified portfolio that includes senior secured debt, mezzanine debt, and equity investments. It generates majority of its revenue from interest and dividends received from investments made.
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