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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 (2024-04-26), Salient Midstream & MLP Fund's share price is $8.95. Salient Midstream & MLP Fund's Book Value per Share for the quarter that ended in May. 2022 was $9.72. Hence, Salient Midstream & MLP Fund's PB Ratio of today is 0.92.
The historical rank and industry rank for Salient Midstream & MLP Fund's PB Ratio or its related term are showing as below:
The historical data trend for Salient Midstream & MLP 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.
Salient Midstream & MLP Fund Annual Data | |||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | ||||||
PB Ratio | 0.87 | 0.84 | 0.85 | 0.75 | 0.85 |
Salient Midstream & MLP Fund Semi-Annual Data | ||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | |
PB Ratio | Get a 7-Day Free Trial | 0.79 | 0.75 | 0.75 | 0.85 | 0.87 |
For the Asset Management subindustry, Salient Midstream & MLP 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.
For the Asset Management industry and Financial Services sector, Salient Midstream & MLP Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Salient Midstream & MLP Fund's PB Ratio falls into.
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.
Salient Midstream & MLP Fund's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: May. 2022) |
= | 8.95 | / | 9.72 | |
= | 0.92 |
* 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:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
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.
Salient Midstream & MLP Fund (NYSE:SMM) 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.
Thank you for viewing the detailed overview of Salient Midstream & MLP Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Stephen W Leonhardt | officer: Principal Financial Officer | 4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
John A Blaisdell | director | 4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027 |
Gregory Allen Reid | director, officer: President and CEO | 4265 SAN FELIPE 8TH FLOOR HOUSTON TX 77027 |
Thomas Alan Dusenberry | officer: Assistant Treasurer | 4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027 |
Jonathan P Carroll | director | 4265 SAN FELIPE, 8TH FLOOR, HOUSTON TX 77027 |
Julie Allecta | director | C/O SALIENT MIDSTREAM & MLP FUND 4265 SAN FELIPE STE 800 HOUSTON TX 77027 |
Gambs Arthur John Iii | director | C/O SALIENT MIDSTREAM & MLP FUND 4265 SAN FELIPE STE 800 HOUSTON TX 77027 |
Haig G. Mardikian | director | C/O SALIENT MIDSTREAM & MLP FUND 4265 SAN FELIPE STE 800 HOUSTON TX 77027 |
Kristen Lindsay Bayazitoglu | officer: Secretary | 4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027 |
Matthew Scott Hibbetts | officer: Vice President | 4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027 |
Barbara Tolle | officer: Principal Financial Officer | 345 CALIFORNIA STREET SUITE 1600 SAN FRANCISCO CA 94104 |
Christopher Robert Arnold | officer: Principal Financial Officer | 4444 WESTHEIMER RD. SUITE G500 HOUSTON TX 77027 |
John E Price | officer: Principal Financial Officer | 4265 SAN FELIPE 8TH FLOOR HOUSTON TX 77027 |
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