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Gabelli Equity Trust (Gabelli Equity Trust) Price-to-Tangible-Book : 1.02 (As of Apr. 26, 2024)


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What is Gabelli Equity Trust Price-to-Tangible-Book?

As of today (2024-04-26), Gabelli Equity Trust's share price is $5.295. Gabelli Equity Trust's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $5.19. Hence, Gabelli Equity Trust's Price to Tangible Book Ratio of today is 1.02.

The historical rank and industry rank for Gabelli Equity Trust's Price-to-Tangible-Book or its related term are showing as below:

GAB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95   Med: 1.01   Max: 1.12
Current: 1.02

During the past 8 years, Gabelli Equity Trust's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.95. And the median was 1.01.

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

A closely related ratio is called PB Ratio. As of today, Gabelli Equity Trust's share price is $5.295. Gabelli Equity Trust's Book Value per Sharefor the quarter that ended in Dec. 2023 was $5.19. Hence, Gabelli Equity Trust's P/B Ratio of today is 1.02.


Gabelli Equity Trust Price-to-Tangible-Book Historical Data

The historical data trend for Gabelli Equity 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.

Gabelli Equity Trust Price-to-Tangible-Book Chart

Gabelli Equity Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 1.04 1.07 1.12 1.08 0.98

Gabelli Equity Trust Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.12 1.25 1.08 1.10 0.98

Competitive Comparison of Gabelli Equity Trust's Price-to-Tangible-Book

For the Asset Management subindustry, Gabelli Equity 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.


Gabelli Equity Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Gabelli Equity Trust's Price-to-Tangible-Book falls into.



Gabelli Equity Trust Price-to-Tangible-Book Calculation

Gabelli Equity Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=5.295/5.19
=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.


Gabelli Equity Trust Price-to-Tangible-Book Related Terms

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


Gabelli Equity Trust (Gabelli Equity Trust) Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is long-term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services accounts for the majority weightage.
Executives
Laura Linehan director C/O ONE CORPORATE CENTER, RYE, NY, RYE NY 10580
Elizabeth C Bogan director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Leslie Fahrenkopf Foley director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn director
Salvatore J Zizza director 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Ferrantino Michael J Jr director 12 MARTINGALE LANE, ANDOVER MA 01810
Anthony R Pustorino director ONE CORPORATE CENTER, RYE NY 10580
Anthony J Colavita director ONE CORPORATE CENTER, RYE NY 10580
William F Heitmann director 1095 AVENUE OF THE AMERICAS, ROOM 4140, NEW YORK NY 10036-6797
Gamco Investors, Inc. Et Al other: Owner of Adviser 191 MASON STREET, GREENWICH CT 06830
Arthur V Ferrara director ONE CORPORATE CENTER, RYE NY 10580
Thomas E Bratter director ONE CORPORATE CENTER, RYE NY 10580

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