As of today (2024-05-03), Taiwan Fund's share price is $39.23. Taiwan Fund's Tangible Book per Share of Aug. 2023 for the quarter that ended in Aug. 2023 was $39.73. Hence, Taiwan Fund's Price to Tangible Book Ratio of today is 0.99.
The historical rank and industry rank for Taiwan Fund's Price-to-Tangible-Book or its related term are showing as below:
TWN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78 Med: 0.84 Max: 0.99
Current: 0.99
During the past 7 years, Taiwan Fund's highest Price to Tangible Book Ratio was 0.99. The lowest was 0.78. And the median was 0.84.
TWN's Price-to-Tangible-Book is ranked worse than 57.11% of 1625
companies
in the Asset Management industry
Industry Median: 0.94
vs TWN: 0.99
Taiwan Fund Price-to-Tangible-Book Historical Data
The historical data trend for Taiwan 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.
Competitive Comparison of Taiwan Fund's Price-to-Tangible-Book
For the Asset Management subindustry, Taiwan 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.
Taiwan Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Taiwan Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Taiwan Fund's Price-to-Tangible-Book falls into.
Taiwan Fund Price-to-Tangible-Book Calculation
Taiwan Fund's price-to-tangible-book ratio for today is calculated as:
* 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.
Taiwan Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Taiwan Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Taiwan Fund Inc is a diversified closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment predominantly in equity securities listed in Taiwan stock exchange and the Republic of China. In selecting the companies for investments fund's portfolio managers will consider overall growth prospects, competitive position in the respective industry technology, research, and development, productivity, profit margins, return on investment, capital resources, government regulation, management and other factors.
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