Canoe EITome Fund (TSX:EIT.UN) Price-to-Tangible-Book

: 1.04 (As of Today)

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As of today (2024-04-23), Canoe EITome Fund's share price is C$13.70. Canoe EITome Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$13.15. Hence, Canoe EITome Fund's Price to Tangible Book Ratio of today is 1.04.

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

TSX:EIT.UN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 0.98 Max: 1.04
Current: 1.04

During the past 13 years, Canoe EITome Fund's highest Price to Tangible Book Ratio was 1.04. The lowest was 0.86. And the median was 0.98.

TSX:EIT.UN's Price-to-Tangible-Book is ranked worse than
68.45% of 1623 companies
in the Asset Management industry
Industry Median: 0.93 vs TSX:EIT.UN: 1.04

A closely related ratio is called PB Ratio. As of today, Canoe EITome Fund's share price is C$13.70. Canoe EITome Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$13.15. Hence, Canoe EITome Fund's P/B Ratio of today is 1.04.

Canoe EITome Fund Price-to-Tangible-Book Historical Data

The historical data trend for Canoe EITome 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.

Canoe EITome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.97

0.98

1.00

0.98

Canoe EITome Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.00	0.99	0.98	0.98	0.98

Competitive Comparison

For the Asset Management subindustry, Canoe EITome 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.

Canoe EITome Fund Price-to-Tangible-Book Distribution

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

* The bar in red indicates where Canoe EITome Fund's Price-to-Tangible-Book falls into.

Canoe EITome Fund Price-to-Tangible-Book Calculation

Canoe EITome Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	13.70	/	13.152
	=	1.04

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.

Canoe EITome Fund Price-to-Tangible-Book Related Terms

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

Canoe EITome Fund (TSX:EIT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (TSX:EIT.UN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ENDTF:USA EIT.PR.B.PFD:Canada EIT.PR.A.PFD:Canada

Address

421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9

Website

https://www.canoefinancial.com

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

Canoe EITome Fund (TSX:EIT.UN) Headlines

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