Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is First Trust Senior Floating Rateome Fund II PB Ratio?
First Trust Senior Floating Rateome Fund IIFCT 24 PB Ratio is 0.93 as of Jul. 18, 2026, which is 2% above its 10-year median of 0.91. GuruFocus rates FCT with a GF Scoreâ„¢ of 24/100. The stock has 7 warning signs investors should review. Among 1,600 Asset Management companies, First Trust Senior Floating Rateome Fund II ranks better than 56.62% on this metric.
FCT's PB Ratio is ranked better than 56.62% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs FCT: 0.93
During the past 12 months, First Trust Senior Floating Rateome Fund II's average Book Value Per Share Growth Rate was -4.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.60% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of First Trust Senior Floating Rateome Fund II was -2.20% per year. The lowest was -6.20% per year. And the median was -4.20% per year.
Back to Basics: PB Ratio
First Trust Senior Floating Rateome Fund II (NYSE:FCT) PB Ratio Explanation
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.
First Trust Senior Floating Rateome Fund II PB Ratio Related Terms
First Trust Senior Floating Rateome Fund II PB Ratio Historical Data
* 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.
First Trust Senior Floating Rateome Fund II PB Ratio Chart
First Trust Senior Floating Rateome Fund II Annual Data
For the Asset Management subindustry, First Trust Senior Floating Rateome Fund II'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.
First Trust Senior Floating Rateome Fund II PB Ratio vs Asset Management Industry
First Trust Senior Floating Rateome Fund II 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.
* 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.
First Trust Senior Floating Rateome Fund II (FCT) has a PB Ratio of 0.93 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Trust Senior Floating Rateome Fund II and its competitors. This is near median its historical median of 0.91. Over the past decade, First Trust Senior Floating Rateome Fund II's PB Ratio has ranged from 0.58 to 1.01. According to the industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #694 out of 1600 companies in the Asset Management industry, placing it in the top 43.4%.
Is First Trust Senior Floating Rateome Fund II's PB Ratio too high?
First Trust Senior Floating Rateome Fund II's current PB Ratio of 0.93 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.01. The Asset Management industry median PB Ratio is 0.96. First Trust Senior Floating Rateome Fund II's value of 0.93 is 3.1% below this industry median. Based on the distribution chart, First Trust Senior Floating Rateome Fund II ranks #694 out of 1600 companies in the Asset Management industry, which is above the industry midpoint. Overall, First Trust Senior Floating Rateome Fund II has a GF Scoreâ„¢ of 24/100, reflecting its overall financial health beyond just this single metric.
How does First Trust Senior Floating Rateome Fund II's PB Ratio compare to GLO and ERC?
According to the Asset Management industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #694 out of 1600 companies for PB Ratio. This puts First Trust Senior Floating Rateome Fund II in the upper half of its industry. The industry median PB Ratio is 0.96. First Trust Senior Floating Rateome Fund II's value of 0.93 is 3.1% below this benchmark. Historically, First Trust Senior Floating Rateome Fund II's own PB Ratio has ranged from 0.58 to 1.01 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.96, First Trust Senior Floating Rateome Fund II 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 0.96, based on 1,600 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. First Trust Senior Floating Rateome Fund II's current PB Ratio of 0.93 is 3.1% 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 First Trust Senior Floating Rateome Fund II and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Trust Senior Floating Rateome Fund II's current PB Ratio is 0.93, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Senior Floating Rateome Fund II stock overvalued right now?
First Trust Senior Floating Rateome Fund II (FCT) has a current PB Ratio of 0.93. The current PB Ratio is 0.93, which is near median its 10-year median of 0.91 and 3.1% below the Asset Management industry median of 0.96. First Trust Senior Floating Rateome Fund II's overall GF Score™ is 24/100 with 7 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 First Trust Senior Floating Rateome Fund II (FCT), the current PB Ratio is 0.93 as of Jul. 18, 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.
First Trust Senior Floating Rateome Fund II Business Description
First Trust Senior Floating Rate Income Fund II is a United States-based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, it attempts to preserve capital. The fund invests in a portfolio of senior secured floating-rate corporate loans (Senior Loans) of companies from different industries, such as Insurance, Software, Health Care Providers and Services, Professional Services, Health Care Technology, IT Services, and others.
24GF Score
Get the complete analysis for FCT
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FCT has been successfully added to your 
