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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 (2024-12-13), NXG Cushing Midstream Energy Fund's share price is $44.8748. NXG Cushing Midstream Energy Fund's Book Value per Share for the quarter that ended in May. 2024 was $40.93. Hence, NXG Cushing Midstream Energy Fund's PB Ratio of today is 1.10.
The historical rank and industry rank for NXG Cushing Midstream Energy Fund's PB Ratio or its related term are showing as below:
During the past 7 years, NXG Cushing Midstream Energy Fund's highest PB Ratio was 1.29. The lowest was 0.31. And the median was 0.90.
During the past 12 months, NXG Cushing Midstream Energy Fund's average Book Value Per Share Growth Rate was 19.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of NXG Cushing Midstream Energy Fund was 12.40% per year. The lowest was -17.20% per year. And the median was -2.75% per year.
The historical data trend for NXG Cushing Midstream Energy 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.
NXG Cushing Midstream Energy Fund Annual Data | ||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
PB Ratio | Get a 7-Day Free Trial | 0.91 | 0.75 | 0.85 | 0.83 | 0.90 |
NXG Cushing Midstream Energy Fund Semi-Annual Data | ||||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | May24 | |
PB Ratio | Get a 7-Day Free Trial | 0.78 | 0.83 | 0.96 | 0.90 | 1.00 |
For the Asset Management subindustry, NXG Cushing Midstream Energy 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.
For the Asset Management industry and Financial Services sector, NXG Cushing Midstream Energy Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where NXG Cushing Midstream Energy Fund's PB Ratio falls into.
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.
NXG Cushing Midstream Energy Fund's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: May. 2024) |
= | 44.8748 | / | 40.927 | |
= | 1.10 |
* 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:
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.
NXG Cushing Midstream Energy Fund (NYSE:SRV) 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.
Thank you for viewing the detailed overview of NXG Cushing Midstream Energy Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd Sunderland | other: Adviser COO | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
John M. Musgrave | other: Portfolio Manager | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Andrea Mullins | director | 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
John Alban | officer: CFO/Treasurer and Interim CCO | THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Jeffrey A Engelsman | officer: Chief Compliance Officer | 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mark Rhodes | officer: President | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Blake Nelson | officer: Chief Financial Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Brian R Bruce | director | 5945 GLENDOWER LANE, PLANO TX 75093 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mathew Calabro | officer: Chief Compliance Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Saket Kumar | other: Adviser Managing Partner | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Brenda A Cline | other: Trustee | 5101 TENNYSON PARKWAY, PLANO TX 75024 |
Jerry V Swank | officer: President and CEO | 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Daniel L Spears | other: Partner | C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206 |
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