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RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book

: 0.93 (As of Today)
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As of today (2021-10-24), RiverNorth Flexible Municipalome Fund's share price is $23.07. RiverNorth Flexible Municipalome Fund's Tangible Book per Share of Jun. 2021 for the quarter that ended in Jun. 2021 was $24.73. Hence, RiverNorth Flexible Municipalome Fund's Price to Tangible Book Ratio of today is 0.93.

The historical rank and industry rank for RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book or its related term are showing as below:

NYSE:RFM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.93
Current: 0.93

0
0.93

During the past 2 years, RiverNorth Flexible Municipalome Fund's highest Price to Tangible Book Ratio was 0.93. The lowest was 0.00. And the median was 0.00.

NYSE:RFM's Price-to-Tangible-Book is ranked lower than
99.99% of the 67 Companies
in the Asset Management industry.

( Industry Median: 2.39 vs. NYSE:RFM: 0.93 )

A closely related ratio is called PB Ratio. As of today, RiverNorth Flexible Municipalome Fund's share price is $23.07. RiverNorth Flexible Municipalome Fund's Book Value per Sharefor the quarter that ended in Jun. 2021 was $24.73. Hence, RiverNorth Flexible Municipalome Fund's P/B Ratio of today is 0.93.


RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Historical Data

The historical data trend for RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21
Price-to-Tangible-Book
- -

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
Price-to-Tangible-Book - - -

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome 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.

   

RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Distribution

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

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book falls into.



RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Calculation

RiverNorth Flexible Municipalome Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2021 )
=23.07/24.734
=0.93

* 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.


RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Related Terms

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


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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