Japan Smaller Capitalization Fund (Japan Smaller Capitalization Fund) Price-to-Tangible-Book : 0.86 (As of Apr. 24, 2024)

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What is Japan Smaller Capitalization Fund Price-to-Tangible-Book?

As of today (2024-04-24), Japan Smaller Capitalization Fund's share price is $7.65. Japan Smaller Capitalization Fund's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was $8.91. Hence, Japan Smaller Capitalization Fund's Price to Tangible Book Ratio of today is 0.86.

The historical rank and industry rank for Japan Smaller Capitalization Fund's Price-to-Tangible-Book or its related term are showing as below:

JOF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83 Med: 0.86 Max: 0.91
Current: 0.86

During the past 6 years, Japan Smaller Capitalization Fund's highest Price to Tangible Book Ratio was 0.91. The lowest was 0.83. And the median was 0.86.

JOF's Price-to-Tangible-Book is ranked better than
68.21% of 1623 companies
in the Asset Management industry
Industry Median: 0.93 vs JOF: 0.86

A closely related ratio is called PB Ratio. As of today, Japan Smaller Capitalization Fund's share price is $7.65. Japan Smaller Capitalization Fund's Book Value per Sharefor the quarter that ended in Aug. 2023 was $8.91. Hence, Japan Smaller Capitalization Fund's P/B Ratio of today is 0.86.

Japan Smaller Capitalization Fund Price-to-Tangible-Book Historical Data

The historical data trend for Japan Smaller Capitalization 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.

Japan Smaller Capitalization Fund Price-to-Tangible-Book Chart

Japan Smaller Capitalization Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Price-to-Tangible-Book

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0.88

0.91

0.88

0.85

0.83

Japan Smaller Capitalization Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Price-to-Tangible-Book	Get a 7-Day Free Trial								0.87	0.85	0.84	0.83	0.83

Competitive Comparison of Japan Smaller Capitalization Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Japan Smaller Capitalization 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.

Japan Smaller Capitalization Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Japan Smaller Capitalization Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Japan Smaller Capitalization Fund's Price-to-Tangible-Book falls into.

Japan Smaller Capitalization Fund Price-to-Tangible-Book Calculation

Japan Smaller Capitalization Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Aug. 2023 )
	=	7.65	/	8.914
	=	0.86

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.

Japan Smaller Capitalization Fund Price-to-Tangible-Book Related Terms

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

Japan Smaller Capitalization Fund (Japan Smaller Capitalization Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Japan Smaller Capitalization Fund Inc (NYSE:JOF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

309 West 49th Street, Worldwide Plaza, New York, NY, USA, 10019

Website

https://funds.nomura-asset.com

Japan Smaller Capitalization Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investments in smaller capitalization Japanese equity securities. Its portfolio of investments consists of different sectors such as banks, chemicals, construction, electric appliances, financing business, food, Information and Communication, Utilities, Real Estate, and others.

Executives

She Yi	officer: Assistant Treasurer	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Rodney A Buck	director	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Atsushi Katayama	other: Lead Portfolio Manager	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Shinichi Masuda	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Melanie Dana Malc	officer: Assistant Treasurer	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Paige Ouimet	director	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Michael Morronngiello	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Hiroyasu Koike	other: CEO to the Adviser of JOF	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Junko Nakagawa	other: CEO to the Adviser of JOF	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Yuichi Nomoto	director, officer: President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Zheng Liu	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Takeshi Toyoshima	officer: Vice President	NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019
Lee Kelly So Young	officer: Assistant Treasurer	NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019
Marcia L Macharg	director	309 WEST 49TH STREET, NEW YORK NY 10019
Kunio Watanabe	other: CEO of Adviser of JOF	C/O NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019