Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Price-to-Tangible-Book : 0.87 (As of Apr. 25, 2024)

Invesco Trust for Investment Grade Municipals Price-to-Tangible-Book Chart

Invesco Trust for Investment Grade Municipals 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								1.00	0.92	0.91	0.89	0.86

Competitive Comparison of Invesco Trust for Investment Grade Municipals's Price-to-Tangible-Book

For the Asset Management subindustry, Invesco Trust for Investment Grade 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.

Invesco Trust for Investment Grade Municipals's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Trust for Investment Grade Municipals's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Invesco Trust for Investment Grade Municipals's Price-to-Tangible-Book falls into.

Invesco Trust for Investment Grade Municipals Price-to-Tangible-Book Calculation

Invesco Trust for Investment Grade Municipals'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.

Invesco Trust for Investment Grade Municipals Price-to-Tangible-Book Related Terms

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Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Business Description