What is Eaton Vance Tax-Managed Buy-Write Opp 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), Eaton Vance Tax-Managed Buy-Write Opp's share price is $12.50. Eaton Vance Tax-Managed Buy-Write Opp's Book Value per Share for the quarter that ended in Dec. 2023 was $13.21. Hence, Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio of today is 0.95.
Good Sign:
Eaton Vance Tax-Managed Buy-Write Opp stock PB Ratio (=0.96) is close to 1-year low of 0.92
The historical rank and industry rank for Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio or its related term are showing as below:
ETV'
s PB Ratio Range Over the Past 10 Years
Min: 0.66 Med: 1.03 Max: 1.17
Current: 0.95
During the past 7 years, Eaton Vance Tax-Managed Buy-Write Opp's highest PB Ratio was 1.17. The lowest was 0.66. And the median was 1.03.
ETV's PB Ratio is ranked worse than 55.52% of 1693
companies
in the Asset Management industry
Industry Median: 0.93
vs ETV: 0.95
During the past 12 months, Eaton Vance Tax-Managed Buy-Write Opp's average Book Value Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.50% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Eaton Vance Tax-Managed Buy-Write Opp was 6.50% per year. The lowest was -6.20% per year. And the median was -2.10% per year.
Back to Basics: PB Ratio
Eaton Vance Tax-Managed Buy-Write Opp PB Ratio Historical Data
The historical data trend for Eaton Vance Tax-Managed Buy-Write Opp'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.
Eaton Vance Tax-Managed Buy-Write Opp PB Ratio Chart
Competitive Comparison of Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio
For the Asset Management subindustry, Eaton Vance Tax-Managed Buy-Write Opp'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.
Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio distribution charts can be found below:
* The bar in red indicates where Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio falls into.
Eaton Vance Tax-Managed Buy-Write Opp 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.
Eaton Vance Tax-Managed Buy-Write Opp'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.
Eaton Vance Tax-Managed Buy-Write Opp (NYSE:ETV) 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.
Eaton Vance Tax-Managed Buy-Write Opp PB Ratio Related Terms
Thank you for viewing the detailed overview of Eaton Vance Tax-Managed Buy-Write Opp's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Eaton Vance Tax-Managed Buy-Write Opp (Eaton Vance Tax-Managed Buy-Write Opp) Business Description
Eaton Vance Tax-Managed Buy-Write Opp is the United States-based diversified, closed-end management investment company. Its primary investment objective is to provide current income and gains. The secondary objective of the fund is capital appreciation. The fund invests in a diversified portfolio of common stocks and writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium. Its portfolio of investments consists of the capital markets, chemicals, banks, biotechnology, media, and other sectors.
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