Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Price-to-Tangible-Book

: 0.95 (As of Today)

View and export this data going back to . Start your Free Trial

As of today (2024-04-23), Pioneer Floating Rate Trust's share price is $9.5966. Pioneer Floating Rate Trust's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was $10.09. Hence, Pioneer Floating Rate Trust's Price to Tangible Book Ratio of today is 0.95.

The historical rank and industry rank for Pioneer Floating Rate Trust's Price-to-Tangible-Book or its related term are showing as below:

PHD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 0.91 Max: 1.03
Current: 0.95

During the past 7 years, Pioneer Floating Rate Trust's highest Price to Tangible Book Ratio was 1.03. The lowest was 0.86. And the median was 0.91.

PHD's Price-to-Tangible-Book is ranked worse than
53.05% of 1623 companies
in the Asset Management industry
Industry Median: 0.93 vs PHD: 0.95

A closely related ratio is called PB Ratio. As of today, Pioneer Floating Rate Trust's share price is $9.5966. Pioneer Floating Rate Trust's Book Value per Sharefor the quarter that ended in Nov. 2023 was $10.09. Hence, Pioneer Floating Rate Trust's P/B Ratio of today is 0.95.

Pioneer Floating Rate Trust Price-to-Tangible-Book Historical Data

The historical data trend for Pioneer Floating Rate Trust'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.

Pioneer Floating Rate Trust Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.89

0.96

1.03

0.91

0.89

Pioneer Floating Rate Trust Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial								1.03	0.88	0.91	0.86	0.89

Competitive Comparison

For the Asset Management subindustry, Pioneer Floating Rate Trust'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.

Pioneer Floating Rate Trust Price-to-Tangible-Book Distribution

For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Pioneer Floating Rate Trust's Price-to-Tangible-Book falls into.

Pioneer Floating Rate Trust Price-to-Tangible-Book Calculation

Pioneer Floating Rate Trust's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	9.5966	/	10.09
	=	0.95

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.

Pioneer Floating Rate Trust Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Pioneer Floating Rate Trust's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Floating Rate Trust (NYSE:PHD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Floating Rate Trust is a diversified fund. It seeks a high level of current income by investing primarily in floating-rate loans. Its investment objective is to provide a high level of current income and seek the preservation of capital.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Lorraine H Monchak	other: Trustee	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi	other: Trustee	60 STATE STREET, BOSTON MA 02109
Lisa Jones	officer: Chief Executive Officer	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Mark Goodwin	officer: Executive Vice President	PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Kenneth Taubes	other: Trustee
Marc O Mayer	other: Trustee	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105