GDLPC.PFD (GDL Fund) Price-to-Tangible-Book : (As of May. 25, 2025)

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

As of today (2025-05-25), GDL Fund's share price is $50.12. GDL Fund's Tangible Book per Share of Dec. 2024 for the quarter that ended in Dec. 2024 was $0.00. Hence, GDL Fund's Price to Tangible Book Ratio of today is .

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

GDLpC.PFD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78 Med: 0.82 Max: 0.85
Current: 0.82

During the past 8 years, GDL Fund's highest Price to Tangible Book Ratio was 0.85. The lowest was 0.78. And the median was 0.82.

GDLpC.PFD's Price-to-Tangible-Book is ranked better than
72.08% of 1590 companies
in the Asset Management industry
Industry Median: 0.92 vs GDLpC.PFD: 0.82

A closely related ratio is called PB Ratio. As of today, GDL Fund's share price is $50.12. GDL Fund's Book Value per Sharefor the quarter that ended in Dec. 2024 was $0.00. Hence, GDL Fund's P/B Ratio of today is .

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

Dec24

Price-to-Tangible-Book

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GDL Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Price-to-Tangible-Book	Get a 7-Day Free Trial										-	-	-	-	-

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.

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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. 2024 )
	=	50.12	/
	=

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GDL Fund (NYSE:GDLpC.PFD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GDL:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

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.