As of today (2024-04-23), Canadian Highome Equity Fund's share price is C$6.66. Canadian Highome Equity Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$6.80. Hence, Canadian Highome Equity Fund's Price to Tangible Book Ratio of today is 0.98.
The historical rank and industry rank for Canadian Highome Equity Fund's Price-to-Tangible-Book or its related term are showing as below:
TSX:CIQ.UN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95 Med: 0.98 Max: 0.99
Current: 0.98
During the past 13 years, Canadian Highome Equity Fund's highest Price to Tangible Book Ratio was 0.99. The lowest was 0.95. And the median was 0.98.
TSX:CIQ.UN's Price-to-Tangible-Book is ranked worse than 58.47% of 1623
companies
in the Asset Management industry
Industry Median: 0.93
vs TSX:CIQ.UN: 0.98
A closely related ratio is called PB Ratio. As of today, Canadian Highome Equity Fund's share price is C$6.66. Canadian Highome Equity Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$6.80. Hence, Canadian Highome Equity Fund's P/B Ratio of today is 0.98.
Canadian Highome Equity Fund Price-to-Tangible-Book Historical Data
The historical data trend for Canadian Highome Equity 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.
For the Asset Management subindustry, Canadian Highome Equity 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.
Canadian Highome Equity Fund Price-to-Tangible-Book Distribution
For the Asset Management industry and Financial Services sector, Canadian Highome Equity Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Canadian Highome Equity Fund's Price-to-Tangible-Book falls into.
Canadian Highome Equity Fund Price-to-Tangible-Book Calculation
Canadian Highome Equity Fund'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.
Canadian Highome Equity Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Canadian Highome Equity Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Canadian Highome Equity Fund (TSX:CIQ.UN) Business Description
Canadian High Income Equity Fund is a closed-end investment fund. Its investment objectives are to provide unitholders with a high monthly cash Distribution and the opportunity for capital appreciation, through investment in an actively managed portfolio of publicly listed or traded Canadian securities. It seeks to achieve its investment objectives by investing the Fund Property in an actively managed portfolio of publicly traded or listed Canadian securities including income trusts, royalty trusts, real estate investment trusts, dividend paying common equities, preferred securities and, to a lesser extent, non-dividend paying equities and foreign securities, managed by the Investment Manager.
Canadian Highome Equity Fund (TSX:CIQ.UN) Headlines
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