What is GAMCO Global Gold Natural Resources &ome Trust 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 (2024-04-25), GAMCO Global Gold Natural Resources &ome Trust's share price is $4.02. GAMCO Global Gold Natural Resources &ome Trust's Book Value per Share for the quarter that ended in Jun. 2023 was $3.89. Hence, GAMCO Global Gold Natural Resources &ome Trust's PB Ratio of today is 1.03.
The historical rank and industry rank for GAMCO Global Gold Natural Resources &ome Trust's PB Ratio or its related term are showing as below:
GGN'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.96 Max: 1.33
Current: 1.03
During the past 13 years, GAMCO Global Gold Natural Resources &ome Trust's highest PB Ratio was 1.33. The lowest was 0.56. And the median was 0.96.
GGN's PB Ratio is ranked worse than 68.56% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs GGN: 1.03
During the past 12 months, GAMCO Global Gold Natural Resources &ome Trust's average Book Value Per Share Growth Rate was 8.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -10.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of GAMCO Global Gold Natural Resources &ome Trust was -2.10% per year. The lowest was -26.10% per year. And the median was -9.60% per year.
Back to Basics: PB Ratio
GAMCO Global Gold Natural Resources &ome Trust PB Ratio Historical Data
The historical data trend for GAMCO Global Gold Natural Resources &ome Trust'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.
GAMCO Global Gold Natural Resources &ome Trust PB Ratio Chart
GAMCO Global Gold Natural Resources &ome Trust Annual Data
Competitive Comparison of GAMCO Global Gold Natural Resources &ome Trust's PB Ratio
For the Asset Management subindustry, GAMCO Global Gold Natural Resources &ome Trust'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.
GAMCO Global Gold Natural Resources &ome Trust's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, GAMCO Global Gold Natural Resources &ome Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where GAMCO Global Gold Natural Resources &ome Trust's PB Ratio falls into.
GAMCO Global Gold Natural Resources &ome Trust 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.
GAMCO Global Gold Natural Resources &ome Trust's PB Ratio for today is calculated as follows:
* 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.
GAMCO Global Gold Natural Resources &ome Trust (AMEX:GGN) 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.
GAMCO Global Gold Natural Resources &ome Trust PB Ratio Related Terms
Thank you for viewing the detailed overview of GAMCO Global Gold Natural Resources &ome Trust's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
GAMCO Global Gold Natural Resources &ome Trust (GAMCO Global Gold Natural Resources &ome Trust) Business Description
GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.
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