Gabelli Equity Trust (Gabelli Equity Trust) PB Ratio : (As of Apr. 25, 2024)

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What is Gabelli Equity 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), Gabelli Equity Trust's share price is $21.38. Gabelli Equity Trust's Book Value per Share for the fiscal year that ended in Dec. 2023 was $0.00. Hence, Gabelli Equity Trust's PB Ratio of today is .

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

GABpG.PFD' s PB Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.06 Max: 1.29
Current: 1.02

During the past 8 years, Gabelli Equity Trust's highest PB Ratio was 1.29. The lowest was 0.64. And the median was 1.06.

GABpG.PFD's PB Ratio is ranked worse than
65.8% of 1693 companies
in the Asset Management industry
Industry Median: 0.93 vs GABpG.PFD: 1.02

During the past 12 months, Gabelli Equity Trust's average Book Value Per Share Growth Rate was 2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.20% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Gabelli Equity Trust was 6.90% per year. The lowest was -4.80% per year. And the median was -3.30% per year.

Back to Basics: PB Ratio

Gabelli Equity Trust PB Ratio Historical Data

The historical data trend for Gabelli Equity 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.

Gabelli Equity Trust PB Ratio Chart

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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Gabelli Equity Trust Semi-Annual Data
	Dec16	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 Equity Trust's PB Ratio

For the Asset Management subindustry, Gabelli Equity 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 Equity Trust's PB Ratio Distribution in the Asset Management Industry

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

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

Gabelli Equity 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 Equity Trust's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (A: Dec. 2023)
	=	21.38	/
	=

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 Equity Trust (NYSE:GABpG.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 Equity Trust PB Ratio Related Terms

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Gabelli Equity Trust (Gabelli Equity Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Equity Trust Inc (NYSE:GABpG.PFD) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

GABpK.PFD:USA GABpH.PFD:USA GAB:USA

Address

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

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is long-term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services accounts for the majority weightage.