As of today (2021-01-19), Nuveen Municipal Creditome Fund's share price is $16.040000. Nuveen Municipal Creditome Fund's Book Value per Share for the fiscal year that ended in Oct. 2020 was $17.70. Hence, Nuveen Municipal Creditome Fund's P/B Ratio of today is 0.91.
Warning Sign:
Nuveen Municipal Credit Income Fund stock PB Ratio (=1.01) is close to 10-year high of 1.08
NYSE:NZF'
s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 0.9 Max: 1.08
Current: 1
0.74
-
1.08
During the past 11 years, Nuveen Municipal Creditome Fund's highest P/B Ratio was 1.08. The lowest was 0.74. And the median was 0.90.
NYSE:NZF's PB Ratio is ranked higher than
56% of the 1705
Companies
in the Asset Management industry.
( Industry Median: 1.03
vs. NYSE:NZF: 1.00
)
During the past 12 months, Nuveen Municipal Creditome Fund's average Book Value Per Share Growth Rate was 6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.40% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Nuveen Municipal Creditome Fund was 4.50% per year. The lowest was -1.50% per year. And the median was 0.55% per year.
Back to Basics: P/B Ratio
Nuveen Municipal Creditome 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.
Nuveen Municipal Creditome Fund Annual Data
Oct11
Oct12
Oct13
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
PB Ratio
0.91
0.94
0.88
0.96
0.83
Nuveen Municipal Creditome Fund Semi-Annual Data
Apr11
Oct11
Apr12
Oct12
Apr13
Oct13
Apr14
Oct14
Apr15
Oct15
Apr16
Oct16
Apr17
Oct17
Apr18
Oct18
Apr19
Oct19
Apr20
Oct20
PB Ratio
0.88
0.96
0.96
0.89
0.92
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.
Nuveen Municipal Creditome Fund PB Ratio Distribution
* The bar in red indicates where Nuveen Municipal Creditome Fund's PB Ratio falls into.
Nuveen Municipal Creditome Fund PB Ratio Calculation
Nuveen Municipal Creditome Fund's P/B ratio for today is calculated as follows:
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.
Nuveen Municipal Creditome Fund (NYSE:NZF) 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.
Nuveen Municipal Creditome Fund PB Ratio Related Terms
Nuveen Municipal Creditome Fund PB Ratio Headlines
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