What is BNY Mellon High Yield Strategies Fund PB Ratio?
BNY Mellon High Yield Strategies FundDHF -0.42%41 PB Ratio is 0.90 as of Jun. 25, 2026, which is 2% below its 10-year median of 0.92. GuruFocus rates DHF with a GF Score™ of 41/100 and a GF Value™ of $1.33 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,606 Asset Management companies, BNY Mellon High Yield Strategies Fund ranks better than 61.71% on this metric.
DHF's PB Ratio is ranked better than 61.71% of 1606
companies
in the Asset Management industry
Industry Median: 0.95
vs DHF: 0.90
During the past 12 months, BNY Mellon High Yield Strategies Fund's average Book Value Per Share Growth Rate was -1.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.80% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of BNY Mellon High Yield Strategies Fund was 1.50% per year. The lowest was -6.40% per year. And the median was -2.00% per year.
Back to Basics: PB Ratio
BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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.
BNY Mellon High Yield Strategies Fund PB Ratio Related Terms
BNY Mellon High Yield Strategies Fund 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.
BNY Mellon High Yield Strategies Fund PB Ratio Chart
For the Asset Management subindustry, BNY Mellon High Yield Strategies 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.
BNY Mellon High Yield Strategies Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNY Mellon High Yield Strategies Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where BNY Mellon High Yield Strategies Fund's PB Ratio falls into.
BNY Mellon High Yield Strategies 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.
* 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.
BNY Mellon High Yield Strategies Fund (DHF) has a PB Ratio of 0.90 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 BNY Mellon High Yield Strategies Fund and its competitors. This is near median its historical median of 0.92. Over the past decade, BNY Mellon High Yield Strategies Fund's PB Ratio has ranged from 0.60 to 1.18. According to the industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #615 out of 1606 companies in the Asset Management industry, placing it in the top 38.3%.
Is BNY Mellon High Yield Strategies Fund's PB Ratio too high?
BNY Mellon High Yield Strategies Fund's current PB Ratio of 0.90 is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.18. The Asset Management industry median PB Ratio is 0.95. BNY Mellon High Yield Strategies Fund's value of 0.90 is 5.3% below this industry median. Based on the distribution chart, BNY Mellon High Yield Strategies Fund ranks #615 out of 1606 companies in the Asset Management industry, which is above the industry midpoint. Overall, BNY Mellon High Yield Strategies Fund has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BNY Mellon High Yield Strategies Fund's PB Ratio compare to FLC and GGT?
According to the Asset Management industry distribution chart, BNY Mellon High Yield Strategies Fund ranks #615 out of 1606 companies for PB Ratio. This puts BNY Mellon High Yield Strategies Fund in the upper half of its industry. The industry median PB Ratio is 0.95. BNY Mellon High Yield Strategies Fund's value of 0.90 is 5.3% below this benchmark. Historically, BNY Mellon High Yield Strategies Fund's own PB Ratio has ranged from 0.60 to 1.18 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.95, BNY Mellon High Yield Strategies Fund has consistently been below 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 1,606 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. BNY Mellon High Yield Strategies Fund's current PB Ratio of 0.90 is 5.3% below 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 BNY Mellon High Yield Strategies Fund 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. BNY Mellon High Yield Strategies Fund's current PB Ratio is 0.90, which is near median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNY Mellon High Yield Strategies Fund stock overvalued right now?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund (DHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.33, compared to a current price of $2.39 — trading 79.7% above its estimated fair value. The current PB Ratio is 0.90, which is near median its 10-year median of 0.92 and 5.3% below the Asset Management industry median of 0.95. BNY Mellon High Yield Strategies Fund's overall GF Score™ is 41/100 with 5 warning signs 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 BNY Mellon High Yield Strategies Fund (DHF), the current PB Ratio is 0.90 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.
Is BNY Mellon High Yield Strategies Fund (DHF) Overvalued in 2026?
Based on GuruFocus' analysis, BNY Mellon High Yield Strategies Fund stock appears to be overvalued.
The current stock price of $2.39 is trading 79.7% above its estimated GF Value™ of $1.33.
GuruFocus considers BNY Mellon High Yield Strategies Fund to be Significantly Overvalued.
Key valuation signals for DHF:
PB Ratio: 0.90 (near median its 10-year median of 0.92)
GF Value™: $1.33 vs. price of $2.39 (79.7% above fair value)
Industry Position: 5.3% below the Asset Management median (#615 of 1606)
No single metric tells the full story. See the DHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BNY Mellon High Yield Strategies Fund Business Description
BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. The fund invests predominantly in fixed-income securities of below-investment-grade credit quality.
41GF Score
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