As of today (2024-04-24), BNY Mellon Strategic Municipals,'s share price is $5.88. BNY Mellon Strategic Municipals,'s Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $6.30. Hence, BNY Mellon Strategic Municipals,'s Price to Tangible Book Ratio of today is 0.93.
The historical rank and industry rank for BNY Mellon Strategic Municipals,'s Price-to-Tangible-Book or its related term are showing as below:
LEO'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 1.16 Max: 1.39
Current: 0.93
During the past 7 years, BNY Mellon Strategic Municipals,'s highest Price to Tangible Book Ratio was 1.39. The lowest was 0.85. And the median was 1.16.
LEO's Price-to-Tangible-Book is ranked better than 53.17% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs LEO: 0.93
A closely related ratio is called PB Ratio. As of today, BNY Mellon Strategic Municipals,'s share price is $5.88. BNY Mellon Strategic Municipals,'s Book Value per Sharefor the quarter that ended in Sep. 2023 was $6.30. Hence, BNY Mellon Strategic Municipals,'s P/B Ratio of today is 0.93.
BNY Mellon Strategic Municipals, Price-to-Tangible-Book Historical Data
The historical data trend for BNY Mellon Strategic Municipals,'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, BNY Mellon Strategic Municipals,'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.
BNY Mellon Strategic Municipals, Price-to-Tangible-Book Distribution
For the Asset Management industry and Financial Services sector, BNY Mellon Strategic Municipals,'s Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where BNY Mellon Strategic Municipals,'s Price-to-Tangible-Book falls into.
* 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.
BNY Mellon Strategic Municipals, Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of BNY Mellon Strategic Municipals,'s Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
BNY Mellon Strategic Municipals, (BNY Mellon Strategic Municipals,) Business Description
BNY Mellon Strategic Municipals, Inc. is a diversified closed-end management investment company. The fund's investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. Its products are Equity and Fixed Income Mutual Funds, Retail Money Market Funds, Government/Treasury Money Market Funds, Institutional Money Market Funds, and others.
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