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abrdn Globalome Fund (abrdn Globalome Fund) Price-to-Tangible-Book : 1.49 (As of May. 03, 2024)


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What is abrdn Globalome Fund Price-to-Tangible-Book?

As of today (2024-05-03), abrdn Globalome Fund's share price is $5.56. abrdn Globalome Fund's Tangible Book per Share of Oct. 2023 for the quarter that ended in Oct. 2023 was $3.74. Hence, abrdn Globalome Fund's Price to Tangible Book Ratio of today is 1.49.

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

FCO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86   Med: 1.04   Max: 1.63
Current: 1.49

During the past 13 years, abrdn Globalome Fund's highest Price to Tangible Book Ratio was 1.63. The lowest was 0.86. And the median was 1.04.

FCO's Price-to-Tangible-Book is ranked worse than
81.55% of 1626 companies
in the Asset Management industry
Industry Median: 0.94 vs FCO: 1.49

A closely related ratio is called PB Ratio. As of today, abrdn Globalome Fund's share price is $5.56. abrdn Globalome Fund's Book Value per Sharefor the quarter that ended in Oct. 2023 was $3.74. Hence, abrdn Globalome Fund's P/B Ratio of today is 1.49.


abrdn Globalome Fund Price-to-Tangible-Book Historical Data

The historical data trend for abrdn Globalome 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.

abrdn Globalome Fund Price-to-Tangible-Book Chart

abrdn Globalome Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.04 1.33 1.13 1.63

abrdn Globalome Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 1.21 1.13 1.23 1.63

Competitive Comparison of abrdn Globalome Fund's Price-to-Tangible-Book

For the Asset Management subindustry, abrdn Globalome 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.


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

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

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



abrdn Globalome Fund Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Oct. 2023 )
=5.56/3.743
=1.49

* 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.


abrdn Globalome Fund Price-to-Tangible-Book Related Terms

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


abrdn Globalome Fund (abrdn Globalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
abrdn Global Income Fund Inc is a closed-end, non-diversified management investment company. The Fund's principal investment objective is to provide high current income by investing predominantly in fixed-income securities. As a secondary investment objective, the Fund seeks capital appreciation, but only when consistent with its principal investment objective. It invests in Government Bonds & Corporate Bonds, and its investments are divided into three categories, Developed Markets, Investment Grade Developing Markets, and Sub-Investment Grade Developing Markets.
Executives
Peter Branner other: Director of Sub-Adviser C/O ABRDN, 1900 MARKET STREET, PHILADELPHIA PA 19103
Xavier Meyer other: Director of Sub-Adviser C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katie Lynn Gebauer officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katherine A. Corey officer: Vice President 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Ai Hua Aik other: Director of Investment Manager 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Moritz A Sell director C/O USBANCORP FUND SERVICES, 777 E WISCONSIN AVE., MILWAUKEE WI 53202
Grant Thomas Hotson other: Director of Sub-Adviser 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Heather Hasson officer: Vice President C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Brian Kordeck officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Michael Marsico officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Robert W. Hepp officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Andrew Wonil Kim officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Radhika Ajmera director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Neil Andrew Slater other: Director of Sub-Adviser C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Stephen Bird director 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022