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Allspring Global Dividend Opportunity Fund PE Ratio

: 3.27 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-01-21), Allspring Global Dividend Opportunity Fund's share price is $5.5699. Allspring Global Dividend Opportunity Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2021 was $1.70. Therefore, Allspring Global Dividend Opportunity Fund's PE Ratio for today is 3.27.


The historical rank and industry rank for Allspring Global Dividend Opportunity Fund's PE Ratio or its related term are showing as below:

NYSE:EOD' s PE Ratio Range Over the Past 10 Years
Min: 3.24   Med: 6.75   Max: 8.33
Current: 3.26

3.24
8.33

During the past 5 years, the highest PE Ratio of Allspring Global Dividend Opportunity Fund was 8.33. The lowest was 3.24. And the median was 6.75.


NYSE:EOD's PE Ratio is ranked higher than
78% of the 1463 Companies
in the Asset Management industry.

( Industry Median: 6.41 vs. NYSE:EOD: 3.26 )

Allspring Global Dividend Opportunity Fund's Earnings per Share (Diluted) for the six months ended in Oct. 2021 was $0.33. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2021 was $1.70.

As of today (2022-01-21), Allspring Global Dividend Opportunity Fund's share price is $5.5699. Allspring Global Dividend Opportunity Fund's EPS without NRI for the trailing twelve months (TTM) ended in Oct. 2021 was $1.70. Therefore, Allspring Global Dividend Opportunity Fund's PE Ratio without NRI for today is 3.27.

During the past 5 years, Allspring Global Dividend Opportunity Fund's highest PE Ratio without NRI was 8.33. The lowest was 3.24. And the median was 6.75.

Allspring Global Dividend Opportunity Fund's EPS without NRI for the six months ended in Oct. 2021 was $0.33. Its EPS without NRI for the trailing twelve months (TTM) ended in Oct. 2021 was $1.70.

Allspring Global Dividend Opportunity Fund's EPS (Basic) for the six months ended in Oct. 2021 was $0.34. Its EPS (Basic) for the trailing twelve months (TTM) ended in Oct. 2021 was $1.71.


Allspring Global Dividend Opportunity Fund PE Ratio Historical Data

The historical data trend for Allspring Global Dividend Opportunity Fund's PE 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.

Allspring Global Dividend Opportunity Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21
PE Ratio
8.24 At Loss 6.53 At Loss 3.40

Allspring Global Dividend Opportunity Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.53 N/A At Loss N/A 3.40

Competitive Comparison

For the Asset Management subindustry, Allspring Global Dividend Opportunity Fund's PE Ratio, along with its competitors' market caps and PE 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.

   

Allspring Global Dividend Opportunity Fund PE Ratio Distribution

For the Asset Management industry and Financial Services sector, Allspring Global Dividend Opportunity Fund's PE Ratio distribution charts can be found below:

* The bar in red indicates where Allspring Global Dividend Opportunity Fund's PE Ratio falls into.



Allspring Global Dividend Opportunity Fund PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Allspring Global Dividend Opportunity Fund's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=5.5699/1.703
=3.27

Allspring Global Dividend Opportunity Fund's Share Price of today is $5.5699.
For company reported semi-annually, Allspring Global Dividend Opportunity Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.70.

* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Allspring Global Dividend Opportunity Fund  (NYSE:EOD) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Allspring Global Dividend Opportunity Fund PE Ratio Related Terms

Thank you for viewing the detailed overview of Allspring Global Dividend Opportunity Fund's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Allspring Global Dividend Opportunity Fund Business Description

Allspring Global Dividend Opportunity Fund logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
N/A
Address
525 Market Street, San Francisco, CA, USA, 94105
Wells Fargo Global Dividend Opportunity Fund is a diversified closed-end management investment company. Its primary investment objective is to seek a high level of current income. The fund's secondary objective is the long-term growth of capital. The fund allocates its assets between two separate investment strategies or sleeves. Under normal market conditions, the fund allocates approximately 80% of its total assets to an equity sleeve comprised primarily of common stocks.
Executives
Lee Christopher M other: Portfolio Manager WELLS CAPITAL MANAGEMENT 525 MARKET STREET, 12TH FLOOR SAN FRANCISCO CA 94105
Schueller Michael Joseph other: Portfolio Manager 100 HERITAGE RESERVE, 2ND FLOOR WELLS CAPITAL MANAGEMENT MENOMONEE FALLS WI 53051-4400
Fioramonti Vincent J other: Portfolio Manager 10715 DAVID TAYLOR DRIVE CHARLOTTE NC 28262
Wheelock Pamela director 1843 HIGHLAND PARKWAY SAINT PAUL MN 55116
Mcmurran Gregory other: Portfolio Manager 550 SOUTH GRAND AVENUE, 23RD FLOOR LOS ANGELES CA 90071
Miller Megan other: Portfolio Manager 555 W 5TH STREET, 50TH FLOOR LOS ANGELES CA 90013
Carr Justin P other: Portfolio Manager 10715 DAVID TAYLOR DRIVE CHARLOTTE NC 28262
Mavico Daniel J. officer: Chief Compliance Officer 401 S TRYON STREET FLOOR 2 CHARLOTTE NC 28202-1911
Roskopf Kevin T. other: Share Repurchase Committee Mem WELLS FARGO ASSET MANAGEMENT 100 HERITAGE RESERVE, 1ST FLOOR MENOMONEE FALLS WI 53051-4400
Tuttle Andrew R officer: Portfolio Mgr. 25 RECREATION PARK DRIVE SUITE 206 HINGHAM MA 02043
Ebsworth William R. director WELLS FARGO FUNDS MANAGEMENT, LLC 525 MARKET STREET, 12TH FLOOR SAN FRANCISCO CA 94105
Rhee Michelle H. officer: Secretary, WFFM WELLS FARGO FUNDS MANAGEMENT 200 BERKELEY STREET, FLOOR 21 BOSTON MA 02116
Kymn Alexander officer: Chief Legal Officer WELLS FARGO BANK 45 FREMONT STREET, 26TH FLOOR SAN FRANCISCO CA 94105
Polisson James director 123 MCALLISTER AVENUE KENTFIELD CA 94904
Germany David other: Former Chief Income Officer EVERGREEN INVESTMENTS, MA2410 200 BERKELEY STREET, 24TH FLOOR BOSTON MA 02116
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