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SRV (NXG Cushing Midstream Energy Fund) PB Ratio : 1.10 (As of Dec. 13, 2024)


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What is NXG Cushing Midstream Energy 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 (2024-12-13), 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:

SRV' s PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.9   Max: 1.29
Current: 1.1

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.

SRV's PB Ratio is ranked worse than
71.9% of 1662 companies
in the Asset Management industry
Industry Median: 0.95 vs SRV: 1.10

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.

Back to Basics: PB Ratio


NXG Cushing Midstream Energy Fund PB Ratio Historical Data

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.

* Premium members only.

NXG Cushing Midstream Energy Fund PB Ratio Chart

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.83 0.96 0.90 1.00

Competitive Comparison of NXG Cushing Midstream Energy Fund's PB Ratio

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.


NXG Cushing Midstream Energy Fund's PB Ratio Distribution in the Asset Management Industry

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.



NXG Cushing Midstream Energy 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.

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:

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.


NXG Cushing Midstream Energy Fund PB Ratio Related Terms

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.


NXG Cushing Midstream Energy Fund Business Description

Traded in Other Exchanges
N/A
Address
600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201
NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy investments.
Executives
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