BTA's PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.95
vs BTA: 1.06
During the past 12 months, Blackrock Long-term Municipal AdtgTrust's average Book Value Per Share Growth Rate was -11.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Blackrock Long-term Municipal AdtgTrust was 2.70% per year. The lowest was -6.90% per year. And the median was -3.80% per year.
Back to Basics: PB Ratio
Blackrock Long-term Municipal AdtgTrust (NYSE:BTA) 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.
Blackrock Long-term Municipal AdtgTrust PB Ratio Related Terms
Blackrock Long-term Municipal AdtgTrust PB Ratio Historical Data
* 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.
Blackrock Long-term Municipal AdtgTrust PB Ratio Chart
Blackrock Long-term Municipal AdtgTrust Annual Data
For the Asset Management subindustry, Blackrock Long-term Municipal AdtgTrust'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.
Blackrock Long-term Municipal AdtgTrust PB Ratio vs Asset Management Industry
Blackrock Long-term Municipal AdtgTrust 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.
* 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.
Blackrock Long-term Municipal AdtgTrust (BTA) has a PB Ratio of 1.06 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors. This is near median its historical median of 0.98. Over the past decade, Blackrock Long-term Municipal AdtgTrust's PB Ratio has ranged from 0.78 to 1.17.
Is Blackrock Long-term Municipal AdtgTrust's PB Ratio too high?
Blackrock Long-term Municipal AdtgTrust's current PB Ratio of 1.06 is near median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 1.17. The Asset Management industry median PB Ratio is 0.95. Blackrock Long-term Municipal AdtgTrust's value of 1.06 is 11.6% above this industry median. Overall, Blackrock Long-term Municipal AdtgTrust has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Long-term Municipal AdtgTrust's PB Ratio compare to CIK and BGX?
Blackrock Long-term Municipal AdtgTrust's PB Ratio of 1.06 can be compared against companies in the Asset Management industry. The industry median PB Ratio is 0.95. Blackrock Long-term Municipal AdtgTrust's value of 1.06 is 11.6% above this benchmark. Historically, Blackrock Long-term Municipal AdtgTrust's own PB Ratio has ranged from 0.78 to 1.17 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.95, Blackrock Long-term Municipal AdtgTrust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,607 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackrock Long-term Municipal AdtgTrust's current PB Ratio of 1.06 is 11.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Long-term Municipal AdtgTrust's current PB Ratio is 1.06, which is near median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Long-term Municipal AdtgTrust stock overvalued right now?
Blackrock Long-term Municipal AdtgTrust (BTA) has a current PB Ratio of 1.06. The current PB Ratio is 1.06, which is near median its 10-year median of 0.98 and 11.6% above the Asset Management industry median of 0.95. Blackrock Long-term Municipal AdtgTrust's overall GF Score™ is 18/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Blackrock Long-term Municipal AdtgTrust (BTA), the current PB Ratio is 1.06 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Blackrock Long-term Municipal AdtgTrust Business Description
Blackrock Long-term Municipal AdtgTrust is a diversified closed-end investment trust. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The fund, under normal market conditions, invests a majority of its managed assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are expected to pay interest or income that is exempt from U.S. federal income tax. Its investment portfolio comprises dollar-weighted, long-term municipal bonds with a maturity of more than ten years at the time of investment. The fund's investments have exposure to various sectors such as Corporate, Health, County/City/Special District/School District, Transportation, Education, Utilities, State, Tobacco, etc.
18GF Score
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