Healthcare Special Opportunities Fund (TSX:MDS.UN) PB Ratio

: 1.03 (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 (2024-04-24), Healthcare Special Opportunities Fund's share price is C$12.40. Healthcare Special Opportunities Fund's Book Value per Share for the quarter that ended in Dec. 2023 was C$12.04. Hence, Healthcare Special Opportunities Fund's PB Ratio of today is 1.03.

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

TSX:MDS.UN' s PB Ratio Range Over the Past 10 Years
Min: 0.73 Med: 0.96 Max: 1.16
Current: 1.06

During the past 9 years, Healthcare Special Opportunities Fund's highest PB Ratio was 1.16. The lowest was 0.73. And the median was 0.96.

TSX:MDS.UN's PB Ratio is ranked worse than
70.98% of 1692 companies
in the Asset Management industry
Industry Median: 0.93 vs TSX:MDS.UN: 1.06

During the past 12 months, Healthcare Special Opportunities Fund's average Book Value Per Share Growth Rate was 0.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.50% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Healthcare Special Opportunities Fund was 12.00% per year. The lowest was -4.00% per year. And the median was 6.95% per year.

Back to Basics: PB Ratio

Healthcare Special Opportunities Fund PB Ratio Historical Data

The historical data trend for Healthcare Special 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.

* Premium members only.

Healthcare Special Opportunities Fund Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.94

1.01

0.94

0.96

0.98

Healthcare Special Opportunities Fund Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial												0.94	0.97	0.96	0.96	0.98

Competitive Comparison

For the Asset Management subindustry, Healthcare Special 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.

Healthcare Special Opportunities Fund PB Ratio Distribution

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

* The bar in red indicates where Healthcare Special Opportunities Fund's PB Ratio falls into.

Healthcare Special 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.

Healthcare Special Opportunities Fund's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	12.40	/	12.035
	=	1.03

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.

Healthcare Special Opportunities Fund (TSX:MDS.UN) 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.

Healthcare Special Opportunities Fund PB Ratio Related Terms

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Healthcare Special Opportunities Fund (TSX:MDS.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Healthcare Special Opportunities Fund (TSX:MDS.UN) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Alcorn Avenue, Suite 205, Toronto, ON, CAN, M4V 3A9

Website

https://www.ldic.ca

Healthcare Special Opportunities Fund is a closed-end investment trust. Its objective is to provide holders of units with a long-term total return through distributions and capital appreciation of its investment portfolio. The company provides personalized portfolio management that pursues investment strategies designed to achieve notable wealth creation and preservation for clients through all market cycles.

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