Switch to:
First Trust Energy Income & Growth Fund  (AMEX:FEN) PB Ratio: 0.87 (As of Today)

As of today, First Trust Energy Income & Growth Fund's share price is $22.11. First Trust Energy Income & Growth Fund's Book Value per Share for the fiscal year that ended in Nov. 2016 was $25.27. Hence, First Trust Energy Income & Growth Fund's P/B Ratio of today is 0.87.

Good Sign:

First Trust Energy Income & Growth Fund stock PB Ratio (=0.9) is close to 1-year low of 0.87

AMEX:FEN' s PB Ratio Range Over the Past 10 Years
Min: 0.48   Max: 1.25
Current: 0.9

0.48
1.25

During the past 7 years, First Trust Energy Income & Growth Fund's highest P/B Ratio was 1.25. The lowest was 0.48. And the median was 1.03.

AMEX:FEN's PB Ratio is ranked lower than
53% of the 1557 Companies
in the Global industry.

( Industry Median: 0.99 vs. AMEX:FEN: 0.90 )

During the past 12 months, First Trust Energy Income & Growth Fund's average Book Value Per Share Growth Rate was -0.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -8.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.90% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of First Trust Energy Income & Growth Fund was 11.70% per year. The lowest was -8.40% per year. And the median was 1.85% per year.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

First Trust Energy Income & Growth Fund Annual Data

Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
PB Ratio Premium Member Only Premium Member Only 1.05 0.98 0.93 0.91 1.04

First Trust Energy Income & Growth Fund Semi-Annual Data

May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 0.91 0.98 1.04 1.05

Competitive Comparison
* 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.


Calculation

First Trust Energy Income & Growth Fund's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: Nov. 2016)
=22.11/25.271
=0.87

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Related Terms


Headlines

From the Internet

FEN
Closed End Fund Snap Back Now Cef Weekly Update

- Seekingalpha 2017-11-20 04:31:10

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK