CGO (Calamos Global Total Return Fund) PB Ratio: 0.20 (As of Jul. 29, 2026) — 80% Below Median

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CGO Calamos Global Total Return Fund CGO
46 GF Score
Price $12.41
GF Value $27.47
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Calamos Global Total Return Fund PB Ratio?

Calamos Global Total Return Fund CGO -1.19% 46 PB Ratio is 0.20 as of Jul. 29, 2026, which is 80% below its 10-year median of 1.02. GuruFocus rates CGO with a GF Score™ of 46/100 and a GF Value™ of $27.47 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,602 Asset Management companies, Calamos Global Total Return Fund ranks better than 97.82% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-29), Calamos Global Total Return Fund's share price is $12.408. Calamos Global Total Return Fund's Book Value per Share for the quarter that ended in Apr. 2026 was $61.28. Hence, Calamos Global Total Return Fund's PB Ratio of today is 0.20.

Good Sign:

Calamos Global Total Return Fund stock PB Ratio (=0.2) is close to 10-year low of 0.2.

The historical rank and industry rank for Calamos Global Total Return Fund's PB Ratio or its related term are showing as below:

CGO' s PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 1.02   Max: 1.42
Current: 0.2

During the past 9 years, Calamos Global Total Return Fund's highest PB Ratio was 1.42. The lowest was 0.20. And the median was 1.02.

CGO's PB Ratio is ranked better than
97.82% of 1602 companies
in the Asset Management industry
Industry Median: 0.95 vs CGO: 0.20

During the past 12 months, Calamos Global Total Return Fund's average Book Value Per Share Growth Rate was 462.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.40% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Calamos Global Total Return Fund was 11.00% per year. The lowest was -9.30% per year. And the median was -4.85% per year.

Back to Basics: PB Ratio


Calamos Global Total Return Fund  (NAS:CGO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Calamos Global Total Return Fund PB Ratio Related Terms


Calamos Global Total Return Fund PB Ratio Historical Data

* Premium members only.

The historical data trend for Calamos Global Total Return Fund's PB Ratio 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.

Calamos Global Total Return Fund PB Ratio Chart

Calamos Global Total Return Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
PB Ratio
Get a 7-Day Free Trial Premium Member Only 1.00 0.95 0.89 0.99 0.91

Calamos Global Total Return Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.99 0.96 0.91 0.21

CGO vs JHS, WEA, BWG: PB Ratio Comparison

For the Asset Management subindustry, Calamos Global Total Return Fund's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Calamos Global Total Return Fund PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos Global Total Return Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Calamos Global Total Return Fund's PB Ratio falls into.


CGO
46GF Score
Calamos Global Total Return Fund CGO
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Calamos Global Total Return Fund PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Calamos Global Total Return Fund's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Apr. 2026)
=12.408/61.275
=0.20

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.20 mean?
Calamos Global Total Return Fund (CGO) has a PB Ratio of 0.20 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Calamos Global Total Return Fund and its competitors. This is 80% below median its historical median of 1.02. Over the past decade, Calamos Global Total Return Fund's PB Ratio has ranged from 0.20 to 1.42. According to the industry distribution chart, Calamos Global Total Return Fund ranks #35 out of 1602 companies in the Asset Management industry, placing it in the top 2.2%.
Is Calamos Global Total Return Fund's PB Ratio too high?
Calamos Global Total Return Fund's current PB Ratio of 0.20 is 80% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.42. The Asset Management industry median PB Ratio is 0.95. Calamos Global Total Return Fund's value of 0.20 is 78.9% below this industry median. Based on the distribution chart, Calamos Global Total Return Fund ranks #35 out of 1602 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Calamos Global Total Return Fund has a GF Score™ of 46/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calamos Global Total Return Fund's PB Ratio compare to JHS and WEA?
According to the Asset Management industry distribution chart, Calamos Global Total Return Fund ranks #35 out of 1602 companies for PB Ratio. This places Calamos Global Total Return Fund in the top 2% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.95. Calamos Global Total Return Fund's value of 0.20 is 78.9% below this benchmark. Historically, Calamos Global Total Return Fund's own PB Ratio has ranged from 0.20 to 1.42 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.95, Calamos Global Total Return Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,602 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Calamos Global Total Return Fund's current PB Ratio of 0.20 is 78.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Calamos Global Total Return Fund and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calamos Global Total Return Fund's current PB Ratio is 0.20, which is 80% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calamos Global Total Return Fund stock overvalued right now?
Based on GuruFocus' analysis, Calamos Global Total Return Fund (CGO) is currently considered Significantly Undervalued. The stock's GF Value™ is $27.47, compared to a current price of $12.41 — trading 54.8% below its estimated fair value. The current PB Ratio is 0.20, which is 80% below median its 10-year median of 1.02 and 78.9% below the Asset Management industry median of 0.95. Calamos Global Total Return Fund's overall GF Score™ is 46/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Calamos Global Total Return Fund (CGO), the current PB Ratio is 0.20 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Calamos Global Total Return Fund (CGO) Overvalued in 2026?

Based on GuruFocus' analysis, Calamos Global Total Return Fund stock appears to be undervalued. The current stock price of $12.41 is trading 54.8% below its estimated GF Value™ of $27.47. GuruFocus considers Calamos Global Total Return Fund to be Significantly Undervalued.

Key valuation signals for CGO:

  • PB Ratio: 0.20 (80% below median its 10-year median of 1.02)
  • GF Value™: $27.47 vs. price of $12.41 (54.8% below fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 78.9% below the Asset Management median (#35 of 1602)

No single metric tells the full story. See the CGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Calamos Global Total Return Fund Business Description

Address 2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos Global Total Return Fund is a closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The fund invests in equities, convertible securities, and high-yield corporate bonds.
46GF Score

Get the complete analysis for CGO

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.41
Price
$27.47
GF Value