Pioneer Floating Rate Trust stock PB Ratio (=0.04) is close to 10-year low of 0.04.
The historical rank and industry rank for Pioneer Floating Rate Trust's PB Ratio or its related term are showing as below:
PHD'
s PB Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.91 Max: 1.08
Current: 0.04
During the past 8 years, Pioneer Floating Rate Trust's highest PB Ratio was 1.08. The lowest was 0.04. And the median was 0.91.
PHD's PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.95
vs PHD: 0.04
During the past 12 months, Pioneer Floating Rate Trust's average Book Value Per Share Growth Rate was -3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Pioneer Floating Rate Trust was -1.30% per year. The lowest was -5.80% per year. And the median was -3.50% per year.
Back to Basics: PB Ratio
Pioneer Floating Rate Trust (NYSE:PHD) 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.
Pioneer Floating Rate Trust PB Ratio Related Terms
Pioneer Floating Rate Trust 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.
For the Asset Management subindustry, Pioneer Floating Rate Trust'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.
Pioneer Floating Rate Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pioneer Floating Rate Trust's PB Ratio falls into.
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.
Pioneer Floating Rate Trust (PHD) has a PB Ratio of 0.04 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 Pioneer Floating Rate Trust and its competitors. This is 96% below median its historical median of 0.91. Over the past decade, Pioneer Floating Rate Trust's PB Ratio has ranged from 0.04 to 1.08.
Is Pioneer Floating Rate Trust's PB Ratio too high?
Pioneer Floating Rate Trust's current PB Ratio of 0.04 is 96% below median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.08. The Asset Management industry median PB Ratio is 0.95. Pioneer Floating Rate Trust's value of 0.04 is 95.8% below this industry median. Overall, Pioneer Floating Rate Trust has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Floating Rate Trust's PB Ratio compare to DEFG and PIAC?
Pioneer Floating Rate Trust's PB Ratio of 0.04 can be compared against companies in the Asset Management industry. The industry median PB Ratio is 0.95. Pioneer Floating Rate Trust's value of 0.04 is 95.8% below this benchmark. Historically, Pioneer Floating Rate Trust's own PB Ratio has ranged from 0.04 to 1.08 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.95, Pioneer Floating Rate Trust 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 1,607 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. Pioneer Floating Rate Trust's current PB Ratio of 0.04 is 95.8% 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 Pioneer Floating Rate Trust 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. Pioneer Floating Rate Trust's current PB Ratio is 0.04, which is 96% below median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Floating Rate Trust stock overvalued right now?
Pioneer Floating Rate Trust (PHD) has a current PB Ratio of 0.04. The current PB Ratio is 0.04, which is 96% below median its 10-year median of 0.91 and 95.8% below the Asset Management industry median of 0.95. Pioneer Floating Rate Trust's overall GF Score™ is 12/100 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 Pioneer Floating Rate Trust (PHD), the current PB Ratio is 0.04 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.
Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.
12GF Score
Get the complete analysis for PHD
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHD has been successfully added to your 
