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Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Price-to-Tangible-Book : 0.78 (As of Apr. 28, 2024)


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What is Virtus Convertible &ome Fund II Price-to-Tangible-Book?

As of today (2024-04-28), Virtus Convertible &ome Fund II's share price is $2.82. Virtus Convertible &ome Fund II's Tangible Book per Share of Jan. 2023 for the quarter that ended in Jan. 2023 was $3.63. Hence, Virtus Convertible &ome Fund II's Price to Tangible Book Ratio of today is 0.78.

The historical rank and industry rank for Virtus Convertible &ome Fund II's Price-to-Tangible-Book or its related term are showing as below:

NCZ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86   Med: 0.94   Max: 1.08
Current: 0.86

During the past 6 years, Virtus Convertible &ome Fund II's highest Price to Tangible Book Ratio was 1.08. The lowest was 0.86. And the median was 0.94.

NCZ's Price-to-Tangible-Book is ranked better than
68.25% of 1625 companies
in the Asset Management industry
Industry Median: 0.94 vs NCZ: 0.86

A closely related ratio is called PB Ratio. As of today, Virtus Convertible &ome Fund II's share price is $2.82. Virtus Convertible &ome Fund II's Book Value per Sharefor the quarter that ended in Jan. 2023 was $3.63. Hence, Virtus Convertible &ome Fund II's P/B Ratio of today is 0.78.


Virtus Convertible &ome Fund II Price-to-Tangible-Book Historical Data

The historical data trend for Virtus Convertible &ome Fund II'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.

Virtus Convertible &ome Fund II Price-to-Tangible-Book Chart

Virtus Convertible &ome Fund II Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Jan23 Jan24
Price-to-Tangible-Book
Get a 7-Day Free Trial 1.08 0.95 0.86 0.92 0.88

Virtus Convertible &ome Fund II Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Jul22 Jan23 Jan24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.94 0.89 0.92 0.88

Competitive Comparison of Virtus Convertible &ome Fund II's Price-to-Tangible-Book

For the Asset Management subindustry, Virtus Convertible &ome Fund II'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.


Virtus Convertible &ome Fund II's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund II's Price-to-Tangible-Book falls into.



Virtus Convertible &ome Fund II Price-to-Tangible-Book Calculation

Virtus Convertible &ome Fund II's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jan. 2023 )
=2.82/3.626
=0.78

* 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.


Virtus Convertible &ome Fund II Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome Fund II's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas and consumable fuels and others.
Executives
Metlife Investment Management, Llc 10 percent owner ONE METLIFE WAY, WHIPPANY NJ 07981
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Michael Yee officer: Portfolio Manager C/O ALLIANZ EQUITY ADVISORS, 1345 AVE OF THE AMERICAS, NEW YORK NY 10105
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod director 250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103

Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Headlines

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