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First Trust Highome Long/Short Fund PB Ratio

: 0.84 (As of Today)
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As of today (2020-09-20), First Trust Highome Long/Short Fund's share price is $14.26. First Trust Highome Long/Short Fund's Book Value per Share for the fiscal year that ended in Oct. 2019 was $16.94. Hence, First Trust Highome Long/Short Fund's P/B Ratio of today is 0.84.

NYSE:FSD' s PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.82   Max: 0.98
Current: 0.98

0.62
0.98

During the past 3 years, First Trust Highome Long/Short Fund's highest P/B Ratio was 0.98. The lowest was 0.62. And the median was 0.82.

NYSE:FSD's PB Ratio is ranked lower than
55% of the 1711 Companies
in the Asset Management industry.

( Industry Median: 0.95 vs. NYSE:FSD: 0.98 )

During the past 12 months, First Trust Highome Long/Short Fund's average Book Value Per Share Growth Rate was 2.30% per year.

Back to Basics: P/B Ratio


First Trust Highome Long/Short Fund PB Ratio 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 Highome Long/Short Fund Annual Data
Oct17 Oct18 Oct19
PB Ratio 0.93 0.84 0.91

First Trust Highome Long/Short Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20
PB Ratio Premium Member Only 0.88 0.84 0.87 0.91 0.89

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.


First Trust Highome Long/Short Fund PB Ratio Distribution

* The bar in red indicates where First Trust Highome Long/Short Fund's PB Ratio falls into.



First Trust Highome Long/Short Fund PB Ratio Calculation

First Trust Highome Long/Short Fund's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: Oct. 2019)
=14.26/16.944
=0.84

* 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.


First Trust Highome Long/Short Fund  (NYSE:FSD) PB Ratio 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.


First Trust Highome Long/Short Fund PB Ratio Related Terms


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