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 (2024-04-23), Nuveen Real Estateome Fund's share price is $7.34. Nuveen Real Estateome Fund's Book Value per Share for the quarter that ended in Dec. 2023 was $8.85. Hence, Nuveen Real Estateome Fund's PB Ratio of today is 0.83.
The historical rank and industry rank for Nuveen Real Estateome Fund's PB Ratio or its related term are showing as below:
JRS'
s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.95 Max: 1.3
Current: 0.83
During the past 13 years, Nuveen Real Estateome Fund's highest PB Ratio was 1.30. The lowest was 0.48. And the median was 0.95.
JRS's PB Ratio is ranked better than 72.04% of 1692
companies
in the Asset Management industry
Industry Median: 0.92
vs JRS: 0.83
During the past 12 months, Nuveen Real Estateome Fund's average Book Value Per Share Growth Rate was 9.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Real Estateome Fund was 11.70% per year. The lowest was -10.60% per year. And the median was -0.80% per year.
Back to Basics: PB Ratio
Nuveen Real Estateome Fund PB Ratio Historical Data
The historical data trend for Nuveen Real Estateome 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.
For the Asset Management subindustry, Nuveen Real Estateome 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 Real Estateome Fund PB Ratio Distribution
For the Asset Management industry and Financial Services sector, Nuveen Real Estateome Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nuveen Real Estateome Fund's PB Ratio falls into.
Nuveen Real Estateome 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 Real Estateome 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 Real Estateome Fund (NYSE:JRS) 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 Real Estateome Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Nuveen Real Estateome Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen Real Estateome Fund (Nuveen Real Estateome Fund) Business Description
Nuveen Real Estate Income Fund is a diversified closed-end investment company. The fund seeks to provide high current income and capital appreciation by investing in income-producing common stocks, preferred stocks, convertible preferred stocks and debt securities issued by real estate companies. It invests at least 80% of its total assets in income-producing equity securities issued by Real Estate Investment Trusts (REITs) and will not invest more than 25% of its total assets in non-investment grade preferred stocks, convertible preferred stocks, and debt securities.
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