The historical rank and industry rank for Allspring Multi-Sectorome Fund's Price-to-Tangible-Book or its related term are showing as below:
ERC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 0.9 Max: 1.06
Current: 0.95
During the past 13 years, Allspring Multi-Sectorome Fund's highest Price to Tangible Book Ratio was 1.06. The lowest was 0.86. And the median was 0.90.
ERC's Price-to-Tangible-Book is ranked worse than 53.67% of 1623
companies
in the Asset Management industry
Industry Median: 0.94
vs ERC: 0.95
* 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 Multi-Sectorome Fund Price-to-Tangible-Book Chart
Competitive Comparison of Allspring Multi-Sectorome Fund's Price-to-Tangible-Book
For the Asset Management subindustry, Allspring Multi-Sectorome 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.
Allspring Multi-Sectorome Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Allspring Multi-Sectorome Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Allspring Multi-Sectorome Fund's Price-to-Tangible-Book falls into.
Allspring Multi-Sectorome Fund Price-to-Tangible-Book Calculation
* 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.
Allspring Multi-Sectorome Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Allspring Multi-Sectorome Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Business Description
Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.
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