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Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Price-to-Tangible-Book : 0.84 (As of Apr. 26, 2024)


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What is Blackrock Muniyield Michigan Quality Fund Price-to-Tangible-Book?

As of today (2024-04-26), Blackrock Muniyield Michigan Quality Fund's share price is $11.01. Blackrock Muniyield Michigan Quality Fund's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $13.17. Hence, Blackrock Muniyield Michigan Quality Fund's Price to Tangible Book Ratio of today is 0.84.

The historical rank and industry rank for Blackrock Muniyield Michigan Quality Fund's Price-to-Tangible-Book or its related term are showing as below:

MIY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83   Med: 0.91   Max: 1.01
Current: 0.84

During the past 7 years, Blackrock Muniyield Michigan Quality Fund's highest Price to Tangible Book Ratio was 1.01. The lowest was 0.83. And the median was 0.91.

MIY's Price-to-Tangible-Book is ranked better than
71.67% of 1624 companies
in the Asset Management industry
Industry Median: 0.93 vs MIY: 0.84

A closely related ratio is called PB Ratio. As of today, Blackrock Muniyield Michigan Quality Fund's share price is $11.01. Blackrock Muniyield Michigan Quality Fund's Book Value per Sharefor the quarter that ended in Jan. 2024 was $13.17. Hence, Blackrock Muniyield Michigan Quality Fund's P/B Ratio of today is 0.84.


Blackrock Muniyield Michigan Quality Fund Price-to-Tangible-Book Historical Data

The historical data trend for Blackrock Muniyield Michigan Quality 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.

Blackrock Muniyield Michigan Quality Fund Price-to-Tangible-Book Chart

Blackrock Muniyield Michigan Quality Fund Annual Data
Trend Jul14 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.86 0.91 0.90 0.98 1.01

Blackrock Muniyield Michigan Quality Fund Semi-Annual Data
Jul14 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
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 0.98 0.95 1.01 0.90 0.86

Competitive Comparison of Blackrock Muniyield Michigan Quality Fund's Price-to-Tangible-Book

For the Asset Management subindustry, Blackrock Muniyield Michigan Quality 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.


Blackrock Muniyield Michigan Quality Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Muniyield Michigan Quality Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield Michigan Quality Fund's Price-to-Tangible-Book falls into.



Blackrock Muniyield Michigan Quality Fund Price-to-Tangible-Book Calculation

Blackrock Muniyield Michigan Quality Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jan. 2024 )
=11.01/13.17
=0.84

* 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.


Blackrock Muniyield Michigan Quality Fund Price-to-Tangible-Book Related Terms

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


Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Muniyield Michigan Quality Fund Inc is a closed end fund. Its investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN, SUITE 1950, HOUSTON TX 77010
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055

Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Headlines

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