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 (2024-04-24), Saba Capitalome & Opportunities Fund's share price is $7.15. Saba Capitalome & Opportunities Fund's Book Value per Share for the quarter that ended in Oct. 2023 was $8.32. Hence, Saba Capitalome & Opportunities Fund's PB Ratio of today is 0.86.
Good Sign:
Saba Capital Income & Opportunities Fund stock PB Ratio (=0.86) is close to 1-year low of 0.84
The historical rank and industry rank for Saba Capitalome & Opportunities Fund's PB Ratio or its related term are showing as below:
BRW'
s PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 0.88 Max: 0.97
Current: 0.86
During the past 6 years, Saba Capitalome & Opportunities Fund's highest PB Ratio was 0.97. The lowest was 0.65. And the median was 0.88.
BRW's PB Ratio is ranked better than 66.67% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs BRW: 0.86
During the past 12 months, Saba Capitalome & Opportunities Fund's average Book Value Per Share Growth Rate was -3.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Saba Capitalome & Opportunities Fund was -4.40% per year. The lowest was -7.90% per year. And the median was -7.70% per year.
Back to Basics: PB Ratio
Saba Capitalome & Opportunities Fund PB Ratio Historical Data
The historical data trend for Saba Capitalome & Opportunities 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.
For the Asset Management subindustry, Saba Capitalome & Opportunities 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.
Saba Capitalome & Opportunities Fund PB Ratio Distribution
For the Asset Management industry and Financial Services sector, Saba Capitalome & Opportunities Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Saba Capitalome & Opportunities Fund's PB Ratio falls into.
Saba Capitalome & Opportunities 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.
Saba Capitalome & Opportunities Fund'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.
Saba Capitalome & Opportunities Fund (NYSE:BRW) 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.
Saba Capitalome & Opportunities Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Saba Capitalome & Opportunities Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capitalome & Opportunities Fund (Saba Capitalome & Opportunities Fund) Business Description
Saba Capital Income & Opportunities Fund t is a diversified, closed-end management investment company. It seeks to provide investors with a high level of current income, with a secondary goal of capital appreciation. It invests globally in debt and equity securities of public and private companies, which includes, investing in closed-end funds, public and private debt instruments, and other securities.
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