Western Assetorate Loan Fund (Western Assetorate Loan Fund) PB Ratio : 0.97 (As of Apr. 26, 2024)

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What is Western Assetorate Loan Fund PB Ratio?

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), Western Assetorate Loan Fund's share price is $9.19. Western Assetorate Loan Fund's Book Value per Share for the quarter that ended in Sep. 2020 was $9.46. Hence, Western Assetorate Loan Fund's PB Ratio of today is 0.97.

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

TLI's PB Ratio is not ranked ^*
in the Asset Management industry.
Industry Median: 0.93
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Western Assetorate Loan Fund PB Ratio Historical Data

The historical data trend for Western Assetorate Loan 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.

Western Assetorate Loan Fund PB Ratio Chart

Western Assetorate Loan Fund Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

PB Ratio

0.96

0.88

0.87

0.98

Western Assetorate Loan Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
PB Ratio	Get a 7-Day Free Trial			0.88	0.87	0.87	0.85	0.98

Competitive Comparison of Western Assetorate Loan Fund's PB Ratio

For the Asset Management subindustry, Western Assetorate Loan 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.

Western Assetorate Loan Fund's PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Western Assetorate Loan Fund's PB Ratio falls into.

Western Assetorate Loan 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.

Western Assetorate Loan Fund's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2020)
	=	9.19	/	9.464
	=	0.97

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.

Western Assetorate Loan Fund (NYSE:TLI) 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.

Western Assetorate Loan Fund PB Ratio Related Terms

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

Western Assetorate Loan Fund (Western Assetorate Loan Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Corporate Loan Fund Inc (NYSE:TLI) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018

Website

https://www.leggmason.com

Western Asset Corporate Loan Fund Inc is the United States-based non-diversified, closed-end management investment company. Its investment objective is to maximize current income consistent with prudent efforts to preserve capital. The fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions. Its portfolio of investments consists of different sectors such as capital goods, communications, transportation, healthcare, real estate, and others.

Executives

Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Andrew Dakos	10 percent owner	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Steven Samuels	10 percent owner	72 COLEYTOWN ROAD, WESTPORT CT 06882
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Paolo M Cucchi	director	DEAN OF COLLEGE OF LIBERAL ARTS, DDREW UNIVESITY 108 BROTHERS COLLEGE, MADISON NJ 07940
Nisha Kumar	director	1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611