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RiverNorth Flexible Municipalome Fund PB Ratio

: 0.93 (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 (2021-10-24), RiverNorth Flexible Municipalome Fund's share price is $23.07. RiverNorth Flexible Municipalome Fund's Book Value per Share for the fiscal year that ended in Jun. 2021 was $24.73. Hence, RiverNorth Flexible Municipalome Fund's PB Ratio of today is 0.93.

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

NYSE:RFM' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.05
Current: 0.93

0
1.05

During the past 2 years, RiverNorth Flexible Municipalome Fund's highest PB Ratio was 1.05. The lowest was 0.00. And the median was 0.00.

NYSE:RFM's PB Ratio is ranked lower than
99.99% of the 71 Companies
in the Asset Management industry.

( Industry Median: 2.27 vs. NYSE:RFM: 0.93 )

During the past 12 months, RiverNorth Flexible Municipalome Fund's average Book Value Per Share Growth Rate was 14.80% per year.

Back to Basics: PB Ratio


RiverNorth Flexible Municipalome Fund PB Ratio Historical Data

The historical data trend for RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21
PB Ratio
- -

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
PB Ratio - - -

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome 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.

   

RiverNorth Flexible Municipalome Fund PB Ratio Distribution

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

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's PB Ratio falls into.



RiverNorth Flexible Municipalome 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.

RiverNorth Flexible Municipalome Fund's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (A: Jun. 2021)
=23.07/24.734
=0.93

* 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.


RiverNorth Flexible Municipalome Fund  (NYSE:RFM) 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.


RiverNorth Flexible Municipalome Fund PB Ratio Related Terms

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


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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