Highland Opportunities andome Fund (Highland Opportunities andome Fund) PB Ratio : (As of May. 14, 2024)

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What is Highland Opportunities andome Fund PB Ratio?

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 (2024-05-14), Highland Opportunities andome Fund's share price is $19.25. Highland Opportunities andome Fund's Book Value per Share for the fiscal year that ended in Dec. 2023 was $0.00. Hence, Highland Opportunities andome Fund's PB Ratio of today is .

Good Sign:

Highland Opportunities and Income Fund stock PB Ratio (=0.5) is close to 10-year low of 0.48

The historical rank and industry rank for Highland Opportunities andome Fund's PB Ratio or its related term are showing as below:

HFROpA.PFD' s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.89 Max: 1.06
Current: 0.5

During the past 6 years, Highland Opportunities andome Fund's highest PB Ratio was 1.06. The lowest was 0.48. And the median was 0.89.

HFROpA.PFD's PB Ratio is ranked better than
90.24% of 1691 companies
in the Asset Management industry
Industry Median: 0.95 vs HFROpA.PFD: 0.50

During the past 12 months, Highland Opportunities andome Fund's average Book Value Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.30% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Highland Opportunities andome Fund was 3.90% per year. The lowest was -6.70% per year. And the median was -0.30% per year.

Back to Basics: PB Ratio

Highland Opportunities andome Fund PB Ratio Historical Data

The historical data trend for Highland Opportunities andome 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.

* Premium members only.

Highland Opportunities andome Fund PB Ratio Chart

Highland Opportunities andome Fund Annual Data

Trend

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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Highland Opportunities andome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Highland Opportunities andome Fund's PB Ratio

For the Asset Management subindustry, Highland Opportunities andome 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.

Highland Opportunities andome Fund's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Highland Opportunities andome Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Highland Opportunities andome Fund's PB Ratio falls into.

Highland Opportunities andome 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.

Highland Opportunities andome Fund's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (A: Dec. 2023)
	=	19.25	/
	=

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Highland Opportunities andome Fund (NYSE:HFROpA.PFD) 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.

Highland Opportunities andome Fund PB Ratio Related Terms

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Highland Opportunities andome Fund (Highland Opportunities andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highland Opportunities and Income Fund (NYSE:HFROpA.PFD) » Definitions » PB Ratio

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HFRO:USA

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointassetmgmt.com

Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income, consistent with the preservation of capital. The company's portfolio of investments includes different industry investments such as financial, chemicals, energy, healthcare, industrial, manufacturing, and others.