Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) PB Ratio : (As of May. 05, 2024)

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What is Gabelli Healthcare & WellnessRx 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 (2024-05-05), Gabelli Healthcare & WellnessRx Trust's share price is $25.37. Gabelli Healthcare & WellnessRx Trust's Book Value per Share for the fiscal year that ended in Dec. 2023 was $0.00. Hence, Gabelli Healthcare & WellnessRx Trust's PB Ratio of today is .

The historical rank and industry rank for Gabelli Healthcare & WellnessRx Trust's PB Ratio or its related term are showing as below:

GRXpB.PFD' s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.85 Max: 1.05
Current: 0.82

During the past 7 years, Gabelli Healthcare & WellnessRx Trust's highest PB Ratio was 1.05. The lowest was 0.58. And the median was 0.85.

GRXpB.PFD's PB Ratio is ranked better than
72.98% of 1695 companies
in the Asset Management industry
Industry Median: 0.94 vs GRXpB.PFD: 0.82

During the past 12 months, Gabelli Healthcare & WellnessRx Trust's average Book Value Per Share Growth Rate was -3.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Gabelli Healthcare & WellnessRx Trust was 11.90% per year. The lowest was -5.70% per year. And the median was 1.40% per year.

Back to Basics: PB Ratio

Gabelli Healthcare & WellnessRx Trust PB Ratio Historical Data

The historical data trend for Gabelli Healthcare & WellnessRx 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.

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Gabelli Healthcare & WellnessRx Trust PB Ratio Chart

Gabelli Healthcare & WellnessRx Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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Gabelli Healthcare & WellnessRx Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Gabelli Healthcare & WellnessRx Trust's PB Ratio

For the Asset Management subindustry, Gabelli Healthcare & WellnessRx 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.

Gabelli Healthcare & WellnessRx Trust's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Healthcare & WellnessRx Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Gabelli Healthcare & WellnessRx Trust's PB Ratio falls into.

Gabelli Healthcare & WellnessRx 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.

Gabelli Healthcare & WellnessRx Trust's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (A: Dec. 2023)
	=	25.37	/
	=

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.

Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) 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.

Gabelli Healthcare & WellnessRx Trust PB Ratio Related Terms

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Gabelli Healthcare & WellnessRx Trust (Gabelli Healthcare & WellnessRx Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Healthcare & WellnessRx Trust (NYSE:GRXpB.PFD) » Definitions » PB Ratio

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Traded in Other Exchanges

GRX:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Healthcare & WellnessRx Trust operates as a diversified closed-end management investment company. The investment objective of the fund is the long-term growth of capital. The fund invests at least 80% of its assets in equity securities and income-producing securities of domestic & foreign companies in the healthcare and wellness industries. It invests in various sectors, of which Health Care Providers & Services, Food, Health Care Equipment and Supplies, and Pharmaceuticals account for the majority of the weightage.