Franklin Universal Trust Price-to-Tangible-Book Definition
As of today (2024-04-24), Franklin Universal Trust's share price is $6.5746. Franklin Universal Trust's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was $7.36. Hence, Franklin Universal Trust's Price to Tangible Book Ratio of today is 0.89.
The historical rank and industry rank for Franklin Universal Trust's Price-to-Tangible-Book or its related term are showing as below:
FT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 0.89 Max: 0.99
Current: 0.89
During the past 7 years, Franklin Universal Trust's highest Price to Tangible Book Ratio was 0.99. The lowest was 0.85. And the median was 0.89.
FT's Price-to-Tangible-Book is ranked better than 61.31% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs FT: 0.89
A closely related ratio is called PB Ratio. As of today, Franklin Universal Trust's share price is $6.5746. Franklin Universal Trust's Book Value per Sharefor the quarter that ended in Aug. 2023 was $7.36. Hence, Franklin Universal Trust's P/B Ratio of today is 0.89.
Franklin Universal Trust Price-to-Tangible-Book Historical Data
The historical data trend for Franklin Universal 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.
For the Asset Management subindustry, Franklin Universal 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.
Franklin Universal Trust Price-to-Tangible-Book Distribution
For the Asset Management industry and Financial Services sector, Franklin Universal Trust's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Franklin Universal Trust's Price-to-Tangible-Book falls into.
Franklin Universal Trust Price-to-Tangible-Book Calculation
Franklin Universal Trust'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.
Franklin Universal Trust Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Franklin Universal Trust's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklin Universal Trust (Franklin Universal Trust) Business Description
Franklin Universal Trust is a closed-end management investment company. Its primary investment objective is to provide high, current income consistent with the preservation of capital. Its secondary objective is the growth of income through dividend increases and capital appreciation. The fund invests in two asset classes being the high yield bonds and utility stocks.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FT has been successfully added to your 