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Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Price-to-Tangible-Book : 1.02 (As of Apr. 26, 2024)


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What is Eaton Vance Floating-rateome Trust Price-to-Tangible-Book?

As of today (2024-04-26), Eaton Vance Floating-rateome Trust's share price is $13.42. Eaton Vance Floating-rateome Trust's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was $13.17. Hence, Eaton Vance Floating-rateome Trust's Price to Tangible Book Ratio of today is 1.02.

The historical rank and industry rank for Eaton Vance Floating-rateome Trust's Price-to-Tangible-Book or its related term are showing as below:

EFT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86   Med: 0.92   Max: 1.02
Current: 1.02

During the past 6 years, Eaton Vance Floating-rateome Trust's highest Price to Tangible Book Ratio was 1.02. The lowest was 0.86. And the median was 0.92.

EFT's Price-to-Tangible-Book is ranked worse than
64.94% of 1623 companies
in the Asset Management industry
Industry Median: 0.93 vs EFT: 1.02

A closely related ratio is called PB Ratio. As of today, Eaton Vance Floating-rateome Trust's share price is $13.42. Eaton Vance Floating-rateome Trust's Book Value per Sharefor the quarter that ended in Nov. 2023 was $13.17. Hence, Eaton Vance Floating-rateome Trust's P/B Ratio of today is 1.02.

Eaton Vance Floating-rateome Trust Price-to-Tangible-Book Historical Data

The historical data trend for Eaton Vance Floating-rateome Trust'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.

Eaton Vance Floating-rateome Trust Price-to-Tangible-Book Chart

Eaton Vance Floating-rateome Trust Annual Data
Trend May18 May19 May20 May21 May22 May23
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.89 0.86 0.98 0.93 0.88

Eaton Vance Floating-rateome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 1.02 0.93 0.92 0.88 0.94

Competitive Comparison of Eaton Vance Floating-rateome Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Eaton Vance Floating-rateome Trust'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.

Eaton Vance Floating-rateome Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Floating-rateome Trust's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Eaton Vance Floating-rateome Trust's Price-to-Tangible-Book falls into.


Eaton Vance Floating-rateome Trust Price-to-Tangible-Book Calculation

Eaton Vance Floating-rateome Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Nov. 2023 )
=13.42/13.17
=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:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

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.

Eaton Vance Floating-rateome Trust Price-to-Tangible-Book Related Terms

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

Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-rate Income Trust (NYSE:EFT) » Definitions » Price-to-Tangible-Book
Comparable Companies
GBAB MUA EFR FSD HIO EAD CHW HPI SDHY MYN BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
Eaton Vance Floating-rate Income Trust is a closed-end management investment company. The company's objective is to provide a high level of current income and its secondary objective is capital appreciation.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Sarah Anne Choi other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Catherine Mcdermott other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Andrew Sveen other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109