The historical rank and industry rank for Miller/Howard Highome Equity Fund's Price-to-Tangible-Book or its related term are showing as below:
HIE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 0.94 Max: 1.12
Current: 1.06
During the past 7 years, Miller/Howard Highome Equity Fund's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.86. And the median was 0.94.
HIE's Price-to-Tangible-Book is ranked worse than 68.66% of 1624
companies
in the Asset Management industry
Industry Median: 0.95
vs HIE: 1.06
* 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.
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Miller/Howard Highome Equity Fund Price-to-Tangible-Book Chart
Competitive Comparison of Miller/Howard Highome Equity Fund's Price-to-Tangible-Book
For the Asset Management subindustry, Miller/Howard Highome Equity 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.
Miller/Howard Highome Equity Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Miller/Howard Highome Equity Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Miller/Howard Highome Equity Fund's Price-to-Tangible-Book falls into.
Miller/Howard Highome Equity 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.
Miller/Howard Highome Equity Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Miller/Howard Highome Equity Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Miller/Howard Highome Equity Fund (Miller/Howard Highome Equity Fund) Business Description
Miller/Howard High Income Equity Fund is a closed-end, diversified management investment company. The fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests under normal market conditions, a majority of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. Its portfolio of investments consists of securities of different sectors such as Natural Gas Transmission, Real Estate Investment Trusts, Petroleum Refining, Oil and Gas Extraction, Electric Services and others.
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