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Highome Securities Fund (Highome Securities Fund) PB Ratio

: 0.83 (As of Today)
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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 (2024-04-19), Highome Securities Fund's share price is $6.20. Highome Securities Fund's Book Value per Share for the quarter that ended in Aug. 2023 was $7.43. Hence, Highome Securities Fund's PB Ratio of today is 0.83.

Good Sign:

High Income Securities Fund stock PB Ratio (=0.84) is close to 3-year low of 0.77

The historical rank and industry rank for Highome Securities Fund's PB Ratio or its related term are showing as below:

PCF' s PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.91   Max: 1.15
Current: 0.83

During the past 7 years, Highome Securities Fund's highest PB Ratio was 1.15. The lowest was 0.57. And the median was 0.91.

PCF's PB Ratio is ranked better than
69.74% of 1692 companies
in the Asset Management industry
Industry Median: 0.92 vs PCF: 0.83

During the past 12 months, Highome Securities Fund's average Book Value Per Share Growth Rate was -5.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -5.00% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Highome Securities Fund was -1.30% per year. The lowest was -6.00% per year. And the median was -4.05% per year.

Back to Basics: PB Ratio


Highome Securities Fund PB Ratio Historical Data

The historical data trend for Highome Securities 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => 0.87 [3] => 0.94 [4] => 1.07 [5] => 0.91 [6] => 0.91 )
Highome Securities Fund Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
PB Ratio
Premium Member Only Premium Member Only 0.87 0.94 1.07 0.91 0.91

Highome Securities Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 0.95 0.91 0.90 0.91

Competitive Comparison

For the Asset Management subindustry, Highome Securities 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.


Highome Securities Fund PB Ratio Distribution

For the Asset Management industry and Financial Services sector, Highome Securities Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Highome Securities Fund's PB Ratio falls into.



Highome Securities 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.

Highome Securities Fund's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Aug. 2023)
=6.20/7.433
=0.83

* 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.


Highome Securities Fund  (NYSE:PCF) 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.


Highome Securities Fund PB Ratio Related Terms

Thank you for viewing the detailed overview of Highome Securities Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Highome Securities Fund (Highome Securities Fund) Business Description

Traded in Other Exchanges
N/A
Address
615 East Michigan Street, Milwaukee, WI, USA, 53202
High Income Securities Fund is a closed-end management investment company. Its primary objective is to provide high current income and capital appreciation is the secondary objective. The Fund pursues its objective primarily by investing in both convertible bonds and convertible preferred stocks. The Fund also invests significantly in high-yielding non-convertible securities with the potential for capital appreciation.
Executives
Moritz A Sell director C/O USBANCORP FUND SERVICES, 777 E WISCONSIN AVE., MILWAUKEE WI 53202
Phillip Goldstein director 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Gerald Hellerman director 5431 NW 21ST AVE., BOCA RATON FL 33496
Andrew Dakos director, officer: President 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Ben H Harris director C/O US BANCORP FUND SERVICES, 777 EAST WISCONSIN AVE., MILWAUKEE WI 53202
Stephanie Darling officer: Chief Compliance Officer 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Thomas Antonucci officer: Treasurer 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Richard Dayan director C/O IMPERIAL HOLDINGS, INC., 701 PARK OF COMMERCE BLVD., SUITE 301, BOCA RATON FL 33487
Rajeev P Das director 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Edward Whalen officer: Chief Human Resources Officer, other: Putnam Investments PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Michael Wands officer: Head of Global Inv Strategies, other: Putnam Investments PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Anthony Daigle officer: Portfolio Manager, other: Putnam Investments PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Andra S Bolotin officer: Chief Financial Officer, other: Putnam Investments PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Manoj P Singh director PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109