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What is Delaware Investments Natl Muniome PB Ratio?
Delaware Investments Natl MuniomeVFL -0.58%32 PB Ratio is 0.93 as of Jul. 26, 2026, which is 4% above its 10-year median of 0.89. GuruFocus rates VFL with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 1,604 Asset Management companies, Delaware Investments Natl Muniome ranks better than 53.93% on this metric.
VFL'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 0.89 Max: 0.99
Current: 0.93
During the past 13 years, Delaware Investments Natl Muniome's highest PB Ratio was 0.99. The lowest was 0.68. And the median was 0.89.
VFL's PB Ratio is ranked better than 53.93% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs VFL: 0.93
During the past 12 months, Delaware Investments Natl Muniome's average Book Value Per Share Growth Rate was -3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Delaware Investments Natl Muniome was 2.20% per year. The lowest was -6.00% per year. And the median was -1.40% per year.
Back to Basics: PB Ratio
Delaware Investments Natl Muniome (AMEX:VFL) 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.
Delaware Investments Natl Muniome PB Ratio Related Terms
Delaware Investments Natl Muniome 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.
For the Asset Management subindustry, Delaware Investments Natl Muniome'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.
Delaware Investments Natl Muniome PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Delaware Investments Natl Muniome's PB Ratio distribution charts can be found below:
* The bar in red indicates where Delaware Investments Natl Muniome's PB Ratio falls into.
Delaware Investments Natl Muniome 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.
Delaware Investments Natl Muniome (VFL) has a PB Ratio of 0.93 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Delaware Investments Natl Muniome and its competitors. This is near median its historical median of 0.89. Over the past decade, Delaware Investments Natl Muniome's PB Ratio has ranged from 0.68 to 0.99. According to the industry distribution chart, Delaware Investments Natl Muniome ranks #739 out of 1604 companies in the Asset Management industry, placing it in the top 46.1%.
Is Delaware Investments Natl Muniome's PB Ratio too high?
Delaware Investments Natl Muniome's current PB Ratio of 0.93 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 0.99. The Asset Management industry median PB Ratio is 0.95. Delaware Investments Natl Muniome's value of 0.93 is 2.1% below this industry median. Based on the distribution chart, Delaware Investments Natl Muniome ranks #739 out of 1604 companies in the Asset Management industry, which is above the industry midpoint. Overall, Delaware Investments Natl Muniome has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Delaware Investments Natl Muniome's PB Ratio compare to WEA and JHS?
According to the Asset Management industry distribution chart, Delaware Investments Natl Muniome ranks #739 out of 1604 companies for PB Ratio. This puts Delaware Investments Natl Muniome in the upper half of its industry. The industry median PB Ratio is 0.95. Delaware Investments Natl Muniome's value of 0.93 is 2.1% below this benchmark. Historically, Delaware Investments Natl Muniome's own PB Ratio has ranged from 0.68 to 0.99 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.95, Delaware Investments Natl Muniome 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 1,604 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. Delaware Investments Natl Muniome's current PB Ratio of 0.93 is 2.1% 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 Delaware Investments Natl Muniome 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. Delaware Investments Natl Muniome's current PB Ratio is 0.93, which is near median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delaware Investments Natl Muniome stock overvalued right now?
Delaware Investments Natl Muniome (VFL) has a current PB Ratio of 0.93. The current PB Ratio is 0.93, which is near median its 10-year median of 0.89 and 2.1% below the Asset Management industry median of 0.95. Delaware Investments Natl Muniome's overall GF Score™ is 32/100 with 4 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 Delaware Investments Natl Muniome (VFL), the current PB Ratio is 0.93 as of Jul. 26, 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.
Delaware Investments Natl Muniome Business Description
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund's investment objective is to seek to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, and Closed-end funds.
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