What is New America Highome Fund Price-to-Tangible-Book?
As of today (2024-04-25), New America Highome Fund's share price is $6.99. New America Highome Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.29. Hence, New America Highome Fund's Price to Tangible Book Ratio of today is 0.84.
The historical rank and industry rank for New America Highome Fund's Price-to-Tangible-Book or its related term are showing as below:
HYB'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 0.89 Max: 0.95
Current: 0.84
During the past 7 years, New America Highome Fund's highest Price to Tangible Book Ratio was 0.95. The lowest was 0.84. And the median was 0.89.
HYB's Price-to-Tangible-Book is ranked better than 70.14% of 1624
companies
in the Asset Management industry
Industry Median: 0.93
vs HYB: 0.84
A closely related ratio is called PB Ratio. As of today, New America Highome Fund's share price is $6.99. New America Highome Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.29. Hence, New America Highome Fund's P/B Ratio of today is 0.84.
New America Highome Fund Price-to-Tangible-Book Historical Data
The historical data trend for New America Highome Fund'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.
New America Highome Fund Price-to-Tangible-Book Chart
Competitive Comparison of New America Highome Fund's Price-to-Tangible-Book
For the Asset Management subindustry, New America Highome Fund'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.
New America Highome Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, New America Highome Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where New America Highome Fund's Price-to-Tangible-Book falls into.
New America Highome Fund Price-to-Tangible-Book Calculation
New America Highome Fund'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.
New America Highome Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of New America Highome Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
New America Highome Fund (New America Highome Fund) Business Description
New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
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