What is Nuveen Pennsylvania Quality Municipalome 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 (2024-04-25), Nuveen Pennsylvania Quality Municipalome Fund's share price is $11.51. Nuveen Pennsylvania Quality Municipalome Fund's Book Value per Share for the quarter that ended in Aug. 2023 was $12.90. Hence, Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio of today is 0.89.
The historical rank and industry rank for Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio or its related term are showing as below:
NQP'
s PB Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.86 Max: 0.98
Current: 0.89
During the past 6 years, Nuveen Pennsylvania Quality Municipalome Fund's highest PB Ratio was 0.98. The lowest was 0.66. And the median was 0.86.
NQP's PB Ratio is ranked better than 59.69% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs NQP: 0.89
During the past 12 months, Nuveen Pennsylvania Quality Municipalome Fund's average Book Value Per Share Growth Rate was -4.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Pennsylvania Quality Municipalome Fund was 2.10% per year. The lowest was -7.20% per year. And the median was 0.70% per year.
Back to Basics: PB Ratio
Nuveen Pennsylvania Quality Municipalome Fund PB Ratio Historical Data
The historical data trend for Nuveen Pennsylvania Quality Municipalome 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.
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Nuveen Pennsylvania Quality Municipalome Fund PB Ratio Chart
Nuveen Pennsylvania Quality Municipalome Fund Annual Data
Competitive Comparison of Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio
For the Asset Management subindustry, Nuveen Pennsylvania Quality Municipalome 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.
Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio falls into.
Nuveen Pennsylvania Quality Municipalome 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.
Nuveen Pennsylvania Quality Municipalome Fund'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.
Nuveen Pennsylvania Quality Municipalome Fund (NYSE:NQP) 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.
Nuveen Pennsylvania Quality Municipalome Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Nuveen Pennsylvania Quality Municipalome Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen Pennsylvania Quality Municipalome Fund (Nuveen Pennsylvania Quality Municipalome Fund) Business Description
Nuveen Pennsylvania Quality Municipal Income Fund is a diversified closed-end management investment company. Its investment objective is to provide current income exempt from regular federal and Pennsylvania income taxes and to enhance portfolio value relative to the Pennsylvania municipal bond market by investing in tax-exempt Pennsylvania municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
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