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GDL Fund (GDL Fund) Price-to-Tangible-Book : 0.78 (As of Jun. 09, 2024)


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What is GDL Fund Price-to-Tangible-Book?

As of today (2024-06-09), GDL Fund's share price is $7.90. GDL Fund's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $10.18. Hence, GDL Fund's Price to Tangible Book Ratio of today is 0.78.

The historical rank and industry rank for GDL Fund's Price-to-Tangible-Book or its related term are showing as below:

GDL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78   Med: 0.83   Max: 0.85
Current: 0.78

During the past 7 years, GDL Fund's highest Price to Tangible Book Ratio was 0.85. The lowest was 0.78. And the median was 0.83.

GDL's Price-to-Tangible-Book is ranked better than
76.36% of 1616 companies
in the Asset Management industry
Industry Median: 0.95 vs GDL: 0.78

A closely related ratio is called PB Ratio. As of today, GDL Fund's share price is $7.90. GDL Fund's Book Value per Sharefor the quarter that ended in Dec. 2023 was $10.18. Hence, GDL Fund's P/B Ratio of today is 0.78.


GDL Fund Price-to-Tangible-Book Historical Data

The historical data trend for GDL Fund's Price-to-Tangible-Book 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.

GDL Fund Price-to-Tangible-Book Chart

GDL Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.83 0.81 0.85 0.79 0.79

GDL Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.82 0.79 0.77 0.79

Competitive Comparison of GDL Fund's Price-to-Tangible-Book

For the Asset Management subindustry, GDL Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


GDL Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GDL Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where GDL Fund's Price-to-Tangible-Book falls into.



GDL Fund Price-to-Tangible-Book Calculation

GDL Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=7.90/10.184
=0.78

* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


GDL Fund Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of GDL Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


GDL Fund (GDL Fund) Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
Executives
Mario J Gabelli other: Trustee 191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn other: Trustee
Anthony S. Colavita director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Leslie Fahrenkopf Foley director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Michael J Melarkey other: Trustee ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert officer: President C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Gpj Retirement Partners, Llc other: Limited Liability Company 1 CORPORATE CENTER, RYE NY 10580
Gabelli Securities Inc other: Subsidiary of GAMCO ONE CORPORATE CENTER, RYE NY 10580
Mjg Iv Limited Partnership other: Partnership
Relative Value Partners, Llc 10 percent owner 1033 SKOKIE BOULEVARD, SUITE 470, NORTHBROOK IL 60062
Clarence A Davis other: Trustee ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421
Edward T Tokar other: Trustee
Arthur V Ferrara other: Trustee ONE CORPORATE CENTER, RYE NY 10580

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